Post Tagged with: "bank loans"

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Volvo gets $1.2 billion loan from China Development Bank

Volvo gets $1.2 billion loan from China Development Bank

Volvo Car Corporation will receive a €922 million ($1.2 billion) loan from China Development Bank to repay its debt, the Swedish carmaker announced on Thursday. The Chinese-owned carmaker hopes for more loans to help finance the investment needed to double its sales. As a second step under the loan agreement, […]

Chrysler to repay government loans on May 24

Chrysler to repay government loans on May 24

U.S. automaker Chrysler Group LLC borrowed $6.2 billion to refinance highcost government loans stemming from its 2009 bankruptcy restructuring, people familiar with the matter said Thursday. Chrysler has been in dialogue with Goldman Sachs, Morgan Stanley, Citigroup and Bank of America to put together the package deal, which will ultimately […]

Porsche turns to German government for loan

Porsche turns to German government for loan

Porsche said it had asked the German government for a loan, raising fresh questions on Wednesday over its ability to manage a debt mountain that has already forced it to abandon a takeover of Volkswagen. Porsche racked up about 9 billion euros of net debt trying to swallow its much […]