DC 2011: GM on DOE loan withdrawal: “It says a lot about the financial health of the company”
January 28, 2011 by admin
Filed under Green Auto
Filed under: GM, Legislation and Policy, Washington DC Auto Show
Today, General Motors basically told the U.S. government: we’re doing fine. It did this by withdrawing its $14.4 billion loan request from the Department of Energy (DOE) through the Advanced Technology Vehicles Manufacturing Loan Program (ATVMP). The withdrawl request was conveyed to the DOE this morning.
The [...]
Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase
Filed under: Europe, Saab, Earnings/Financials, Spyker
Spyker-Saab is reportedly passing “Go” and collecting $547 million while they’re at. According to Automotive News, the €400 million loan courtesy of the European Investment Bank (EIB) has received final approval. There’s even more good Saab-related news (that almost feels weird to type) – Spyker shareholders have approved the “we’re [...]
