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US: Chrysler ends its $5 billion debt to VEBA


Fiat Chrysler Automobiles announced its Chrysler Group unit managed to sign an agreement that would allow it to raise debt worth $5 billion – which in turn would be used to settle earlier than expected its existing bond due to healthcare trust VEBA. The US automaker also announced it managed to increase an existing 2017 senior loan facility by $250 million, ...
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Chrysler seeks to gain $4.8 billion from debt refinancing
The US automaker, which is now a part of the newly formed entity of Fiat Chrysler Automobiles, announced it came to an agreement on a new financing, in which it ...
Assets of Fisker Automotive to be auctioned this week
Although in 2011 Fisker seemed one of the most promising of a new flock of contenders who hoped to challenge the established automotive order with an assortment of “green” machines, ...
Moody’s Cut Peugeot’s Debt From Ba3 to B1
Moody’s Investors Service downgraded PSA Peugeot Citroen to four levels below investment grade. Moody’s downgraded Peugeot’s rating to B1 from Ba3, according to Falk Frey, a Frankfurt-based analyst at Moody’s, saying ...
Renault Reports Better Than Expected 2012 Profit
Renault reported better than expected profit, as it managed to eliminate debt for the first time since its alliance with Nissan. Renault said that its automotive unit net cash reached 1.49 ...
Ally Repays Remaining Debt Offered Under US Program
Ally Financial said it repaid the entire debt offered by the Federal Deposit Insurance Corp's Temporary Liquidity Guarantee Program. Ally Financial, the former GM auto lending arm, said it repaid $4.5 ...
Selling Saab Won’t Cover the Total Debt
Receivers handling Swedish carmaker Saab‘s bankruptcy estate believe that selling the company will not cover the total debt of $1.8 - $1.97 billion. The final bids should end by April 10th, ...

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