May 23, 2024
Saab

Saab’s future once again uncertain

The Swedish at Volvo got the ultimate wake up call and in the end they made their comeback. Sadly, not the same can be said of their co-nationals at Saab. Saab’s ability to handle their products, selling them and eventually making a profit isn’t likely to be used for examples in business colleges around the

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General Motors Opel

Opel Junior still on track

Despite GM’s issues with obtaining a loan from the German government, and in fact their decision to quit asking and go in alone after they were clearly rejected, Opel has an interesting announcement to make. Opel has announced that the Junior, their city car is still well under development and will be unaffected by the

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Opel

Opel’s bid for state aid rejected

Pending a situation of uncertainty and a delay of a session destined to reach a decision, Opel finally got an answer from the German government and it will be not receiving any state aid. Yesterday, GM’s request for aid from the federal government in order to keep its Opel unit going clashed with representatives and

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General Motors Opel

German government delayed a vote concerning Opel state aid

The German rescue fund’s four-person steering committee is expected to meet on June 7th to discuss whether to approve General Motors’s request for 1.1 billion euros ($1.3 billion) in federal and regional assistance for its European unit, Opel. Instead of meeting last Friday, the meeting was postponed for tomorrow despite a long line of delays

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General Motors Opel

Germany hasn’t decided on Opel’s aid

The German Government has yet to produce a final decision on the plan of helping Opel’s situation and this is creating quite a bit of tension as thousands of jobs at the GM unit remain attached to an uncertainty of the future. Opel has been loosing money for quite some time and is seeking Government

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Chrysler

Chrysler repays 1.9 billion to the U.S. Government

We all know that the news from Detroit’s Big Three don’t always come in to put a smile on everyone’s face and Chrysler is the one that has been seeing less of the good type lately. However, a recent announcement from the U.S. Government may be proof that the hope Sergio Marchionne has been talking

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Concept Cars Electric Cars

Russia’s first electric cars

A Russian billionaire named Mikhail Prokhorov has just announced that he plans to reveal the first hybrid-electric car to be made in Russia this year. Mikhail Prokhorov is planning to rely on the government’s aid for companies that hope to reduce reliance on natural resources.

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