Chrysler Adds $1,500 Over Canadian Clunker Incentives
25 Aug 2009, 14:49 UTC · By: Bogdan Popa / Former US bankrupt automaker Chrysler continues its race for clients with a new offering in Canada. The company today revealed that it will add $500 to $1,500 over the incentives offered by Retire Y...
Germany to Give More Money if GM Accepts Magna
20 Aug 2009, 08:08 UTC · By: Bogdan Popa / RHJ International is slowly losing ground in the race for Opel as German officials are putting pressure on GM's shoulders and ask the former bankrupt automaker to accept the offer submitted by ...
Toyota Says No to US Government Funds
10 Aug 2009, 18:00 UTC · By: Bogdan Popa / Japanese manufacturer Toyota says it doesn't need support from the United States government to build electric vehicles or batteries in the country. The reason? The company doesn't intend t...
Senate Likely to Pass the $2 Billion
5 Aug 2009, 09:31 UTC · By: Bogdan Popa / At least this is what Transportation Secretary Ray LaHood hopes to happen this week, as voices claiming the program might run out of cash by this weekend are getting more support from officials clos...
$2 Extra Billion for Cash for Clunkers
1 Aug 2009, 11:07 UTC · By: Bogdan Popa / The White House administration has decided to inject an extra $2 billion in the Cash for Clunkers nationwide scheme after dealerships across the country raised concerns that the initial funding pack...
US Government Still Focused on Car Parts Business
22 Jul 2009, 15:08 UTC · By: Bogdan Popa / As we all know, the United States auto sector is one of the most damaged industries when it comes to the economic chaos, with two giants, General Motors and Chrysler forced to file for bankruptcy. A...
Opel to Keep 300M Euros as Backup Funds
30 Jun 2009, 11:58 UTC · By: Bogdan Popa / With some voices hinting that Magna might fail to takeover Opel, the German brand is still relying on the 1.5 billion loan it received from the local government. And given the current rumors that th...
Ford Satisfied with US Loan
24 Jun 2009, 08:10 UTC · By: Bogdan Popa / After the United States Department of Energy announced the $8 billion loan approved for the Clean Three (Ford, Nissan and Tesla Motors), the involved automaker started praising the government's...
How the Clean Three Plans to Spend US' Money
24 Jun 2009, 07:38 UTC · By: Bogdan Popa / Just as we told you earlier today, the Clean Three (Ford, Nissan and Tesla Motors) received a $8 billion loan from the United States Department of Energy that will help them continue development of ...
GM Wants $200M to Build Small Car in Tennessee
15 Jun 2009, 07:20 UTC · By: Bogdan Popa / GM is asking for around $200 million from the state of Tennessee to build a small car at the Spring Hill factory, Governor Phil Bredesen revealed after a meeting with a group of officials representi...
EU Approves 500 Million Euro Loan for Volvo
5 Jun 2009, 14:09 UTC · By: Bogdan Popa / Swedish automaker Volvo has just received a 500 million euro loan from the European Investment Bank which will allow the company to continue its green efforts and finance a project to develop low-em...
GM Granted $70 Million Loan in Argentina
5 Jun 2009, 13:41 UTC · By: Bogdan Popa / Living under bankruptcy protection in the United States, General Motors continues restructuring all over the world, with governments asked to provide financial support as soon as possible. Argentina...
Saab Has Enough Money until Prince Charming Arrives
5 Jun 2009, 07:43 UTC · By: Bogdan Popa / Saab is getting more desperate with every day, as the company screams for help and waits for an outside investor that could keep it in business. But even so, a Saab spokesman said the Swedish automa...
Opel Gets First €300 Million in Government Loans
2 Jun 2009, 12:09 UTC · By: Bogdan Popa / Things are getting better for the German ailing manufacturer Opel as the company has just received the first 300 million euro loan from the 1.5 billion bridge financing agreement with the German gov...
Belgium to Help Volvo Stay on Its Feet
28 May 2009, 10:15 UTC · By: Bogdan Popa / While Volvo is still encountering difficulties when trying to receive financial support in its native country, the car manufacturer is about to snatch around 300 million euros ($418 million) in Belg...
US Gives GM Another $4 Billion Loan
25 May 2009, 08:30 UTC · By: Bogdan Popa / With a bankruptcy filing rumored to be announced as soon as this week, General Motors confirmed it received another $4 billion from the US Treasury, which raises the total loan it received in the Un...
Porsche Denies It Has Requested Government Funds
22 May 2009, 12:39 UTC · By: Bogdan Popa / German sports car manufacturer Porsche says it hasn't applied for government funds in the home country, despite a report claiming an application was already rejected by the officials. The news ...
Spain's Support? Not Enough, Says Citroen
7 May 2009, 13:12 UTC · By: Bogdan Popa / Citroen Managing Director Jean-Marc Gales calls for more support in Spain because the local government hasn't done enough to help automakers tackle the economic chaos. The statement was made du...
Next Chrysler CEO Won't Get More Than $500,000 a Year
6 May 2009, 13:13 UTC · By: Bogdan Popa / After the United States government has severely criticized officials of both General Motors and Chrysler for the big salaries they got while working within the two companies, the next Chrysler CEO w...
Chrysler Unlikely to Repay Government Loans
6 May 2009, 12:38 UTC · By: Bogdan Popa / An interesting story, related to the same over-discussed bankruptcy filing of Chrysler, saw daylight today, this time pointing to a subject we all think about, but only a few had the guts to tackle ...