Pensioner Leaves Life Savings on Car Roof, then Drives Off
25 Nov 2010, 14:16 UTC · By: Daniel Patrascu / In the current economic climate, it's easy to see how one would not trust a bank with a penny, let alone GBP80,000 ($126,000). But going as far as taking the aforementioned sum, your life'...
Opel Asks EIB for Money
13 Jun 2010, 13:50 UTC · By: Daniel Patrascu / After last week the German government decided not to give carmaker Opel €1.1 billion (US$1.2 billion) in loan guarantees needed for the reorganization process, the manufacturer has now turned ...
Toyota Will Give Money to Dealers
4 Feb 2010, 15:50 UTC · By: Alex Vasile / Though Toyota is in a lot of trouble, the Japanese keep an open mind and think about all repercussions. The automaker decided to help out its dealers in these tough times. And what better way of hel...
DTNA Gets $40 Million from US DoE
18 Jan 2010, 09:16 UTC · By: Daniel Patrascu / Daimler Trucks North America announced last week it has received a $40 million funding from the US Department of Energy (DoE), through the 21st Century Truck Technology Partnership, to be used for c...
GM Repays First $1 Billion
21 Dec 2009, 07:48 UTC · By: Daniel Patrascu / Tax payers fearful of GM's intention to repay its 2009-acquired debt have been somewhat made at ease with the announcement the carmaker has kept its promise (made by its former CEO, Fritz Hende...
GM Expects Germany to Provide Support
7 Dec 2009, 09:58 UTC · By: Bogdan Popa / General Motors is still holding talks with involved governments and, even if more and more rumors are claiming that Germany does not intend to provide money to the US-based manufacturer, the company...
UK Promises Cash to GM
26 Nov 2009, 10:27 UTC · By: Bogdan Popa / The United Kingdom is ready to provide financial support to General Motors if the company is willing to maintain local operations and not cutting too deep into British workforce. Lord Mandelson told...
GM Pays 200M Euro Opel Loan Tranche
17 Nov 2009, 08:13 UTC · By: Bogdan Popa / General Motors paid last week another tranche from the Opel loan it received back in June to keep the company alive, company representatives said in a statement. The German government agreed during ...
GM's Ace Up Its Sleeve: Less Government Support
9 Nov 2009, 09:12 UTC · By: Bogdan Popa / Back in the summer, when General Motors was deeply involved in Opel sale talks with Magna International and RHJ International, the US-based manufacturer backed the latter because it involved less go...
GM Will Pay Back German Opel Loan
4 Nov 2009, 11:43 UTC · By: Bogdan Popa / Now that General Motors decided to keep Opel, the German government is screaming loud and clear that it wants its money back. Germany previously loaned 1.5 billion euro to General Motors to keep Ope...
No Need for More Govt Money, Says GM CEO
3 Nov 2009, 11:27 UTC · By: Bogdan Popa / GM's CEO Fritz Henderson says the US-based manufacturer doesn't need more money from the government of the United States as the initial loan packages are sufficient for restructuring. In a...
Renault Financially Backs AvtoVAZ Shake-Up
3 Nov 2009, 07:56 UTC · By: Bogdan Popa / Renault has already expressed its support for AvtoVAZ, the Russian automaker now on the verge of bankruptcy, and company officials today revealed that the French company will also provide money for ...
AvtoVAZ Still Awaiting 7,000 Ladas Payment
27 Oct 2009, 08:42 UTC · By: Bogdan Popa / Russian car manufacturer AvtoVAZ, who's now fighting for survival in the domestic market, is awaiting a large payment for approximately 7,000 Lada cars. It appears the company is now looking to...
Spain: Subsidies to Live On, Govt. Grants 40M Euro
26 Oct 2009, 08:35 UTC · By: Bogdan Popa / The Spanish government has decided to extend the subsidies programme in the country by granting 40 million euro to the scheme which, according to local officials, would support the acquisition of 80...
Renault to Help AvtoVAZ Survive
6 Oct 2009, 12:44 UTC · By: Bogdan Popa / Following the comments of Russian Prime Minister Vladimir Putin who urged Renault to step in and help the ailing automaker AvtoVAZ, the French car manufacturer expressed its support and said it is i...
Marchionne Asks EU to Gradually Reduce Incentives
30 Sep 2009, 09:57 UTC · By: Bogdan Popa / Fiat Chief Executive Sergio Marchionne thinks the European countries offering scrappage incentives should gradually reduce them in the next two years and allow the industry to deal with overcapacity...
UK Runs Out of Scrappage Money
28 Sep 2009, 10:56 UTC · By: Bogdan Popa / The British government has been asked to extend the money used for the scrappage scheme as the funds are close to be exhausted. Consultants at Deloitte have already requested the country's offi...
EU to Discuss Opel Aid on October 7
25 Sep 2009, 10:17 UTC · By: Bogdan Popa / The European Commission will meet with German officials and representatives from the countries that are hosting Opel production facilities on October 7 to discuss the financial package to be offered...
Russia Getting Opel Funds Concerns Rise
14 Sep 2009, 11:01 UTC · By: Bogdan Popa / General Motors last week announced that it will sell a 55 percent of Opel to Magna International and the Canadian - Austrian can already start planning the future. The first major step is receiving ...
Koenigsegg Raises Money for Saab Acquisition
3 Sep 2009, 07:58 UTC · By: Bogdan Popa / Swedish sports carmaker Koenigsegg is raising funds to complete the Saab acquisition from General Motors, a move that is expected to occur as soon as next week. Swedish newspaper Dagens Industri ye...