Cars
Good news to all you GM investors out there: the General has just wrapped-up paying back its US Treasury / Export Development Canada loans while also investing $257 million in prepping its Malibu plants in Fairfax, Kansas (primary) and Detroit Hamtramck (secondary).
- Spyker Files $3 Billion Lawsuit Against Gm Over Saab Bankruptcy Case
Dutch automaker Spyker N.V has filed a lawsuit against General Motors for over $3 billion (€2.4 billion) in the U.S. District Court for the Eastern District of Michigan. Spyker is accusing GM for tampering with the Saab bankruptcy case. This rather...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Vw Group To Invest €51.6 Billion In Its Automotive Division Over The Next Five Years
€51.6 billion, or about US$71 billion at today's exchange rates, is a lot of money - equal to around 15% of Sweden's GDP, for example. Nevertheless, that's the amount of money that will be poured into the Volkswagen Group's automotive...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...
- Ford, Gm And Chrysler Seek $6.8 Billion Government Loan From Canada
Having already appealed to the U.S. Congress for an emergency bailout, Detroit's Big Three are now stretching their hands across the border to Canada seeking billions of dollars in loans and credit lines. Ford Motor Company delivered its plan to the...
Cars
GM Pays Back Remaining $5.8 Billion in Loans to U.S. and Canada
Good news to all you GM investors out there: the General has just wrapped-up paying back its US Treasury / Export Development Canada loans while also investing $257 million in prepping its Malibu plants in Fairfax, Kansas (primary) and Detroit Hamtramck (secondary).
The total payment was $5.8 billion ($4.7 bilion to the US and the remaining $1.1 billion to Canada). According to a report from Automotive News, "the governments still own equity stakes in GM."
- Spyker Files $3 Billion Lawsuit Against Gm Over Saab Bankruptcy Case
Dutch automaker Spyker N.V has filed a lawsuit against General Motors for over $3 billion (€2.4 billion) in the U.S. District Court for the Eastern District of Michigan. Spyker is accusing GM for tampering with the Saab bankruptcy case. This rather...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Vw Group To Invest €51.6 Billion In Its Automotive Division Over The Next Five Years
€51.6 billion, or about US$71 billion at today's exchange rates, is a lot of money - equal to around 15% of Sweden's GDP, for example. Nevertheless, that's the amount of money that will be poured into the Volkswagen Group's automotive...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...
- Ford, Gm And Chrysler Seek $6.8 Billion Government Loan From Canada
Having already appealed to the U.S. Congress for an emergency bailout, Detroit's Big Three are now stretching their hands across the border to Canada seeking billions of dollars in loans and credit lines. Ford Motor Company delivered its plan to the...