loans
GM will decide Saab's fate quickly, Sweden willing to help, but not buy
Yesterday all three of America's major carmakers revealed their future plans to Congress, and a part of General Motors' was the possible sale of Saab. While the brand is still being reviewed, and no decisions have yet been made, GM says it will make the choice to keep or sell quickly. "We will work...
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Ford considering Volvo sale, joins GM to ask Sweden for aid
General Motors has disavowed selling any of its brands but Hummer, but tough financial and market situations are bringing serious pressure to bear. Just this morning, Ford... December 1, 2008 by Alex Kaufmann 2
Detroit 3 head back to Washington December 5 to offer plan for future
The heads of the Detroit 3 headed to Washington earlier this month in the hope of securing a second emergency aid package to supplement the previously earmarked $25 billion... November 27, 2008 by Ralph Hanson 3
European Commission proposes €5 billion aid package for auto industry
The European Commission has reportedly given its stamp of approval to a large aid package to help the struggling European economy, with at least €5 billion earmarked... November 27, 2008 by Alex Kaufmann
Carmakers planning eco-caravan to D.C. for next round of talks
Barack Obama has backed Congress' decision to delay a decision on additional auto industry loans, urging the carmakers to have a clear plan when they return to Capitol Hill... November 24, 2008 by Nelson Ireson 3
Big Three CEOs speak before U.S. Senate
The three men at the head of Chrysler, General Motors and Ford are on the spot before lawmakers in the U.S. Senate today, pleading their case for a 'bridge loan' to help the... November 18, 2008 by Nelson Ireson 1
Obama reaffirms commitment to auto industry aid
During his campaign for U.S. President, Barack Obama repeatedly declared his support for the auto industry and indicated he would support it against the tide of the economic... November 7, 2008 by Nelson Ireson 3
Federal loans could breathe new life into GM's RWD vehicles
Just this week the $25 billion federal loan package was approved for the car industry, and already insiders are hinting that the extra cash could revive plans for GM's... October 3, 2008 by Nelson Ireson 1
EU carmakers want $55 billion loan package
American carmakers recently secured a $25 billion loan guarantee from the federal government, and now their European counterparts are seeking the same sort of deal from the... October 3, 2008 by Nelson Ireson
$25 billion auto industry loan package approved by President Bush
Call it a bailout or call it an aid package, the car industry is only concerned with securing the funds it believes it needs to remain competitive as CAFE standards tighten... September 30, 2008 by James Martinez 20
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