/

Browse debt articles

Russia steps in and guarantees for truck maker Kamaz


The country’s government has moved to announce it will back the Russian company by guaranteeing $1 billion of its future debt, a move inside a larger state initiative to support ailing auto manufacturers. Russia, the second-biggest auto market in Europe, is seeing a sharp drop in car and truck purchases. The slump was under way since 2013, because many Russians refrained ...
Read more

related more
spacer
spacer

More debt articles

Fiat board seeks $5.4 billion in bonds
Fiat SpA – the carmaker that took over entirely over Chrysler Group – has decided to aid the implementation of the merger by issuing new bonds in a bid to ...
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 ...
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 was among the promising batch of start-ups that wanted to change the traditional automotive order with highly advanced “green” machines, the US automaker collapsed last spring ...
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, ...

latest automotive news
Alonso responds to rumours about future
Sep.2 (GMM/Inautonews.com) Fernando Alonso has responded to speculation he could be about to turn his back on Ferrari. The Spaniard's ...
VW sales in India serve as warning for other European carmakers
With sales more than doubling in 2011 for Volkswagen in India, it looked like the automaker’s plan was going in ...
French car sales drop in August
The main automotive industry association in France announced this Monday that the country's car sales slid 3% in August, considered ...
Report – Alfa Romeo gets ready for massive production
Alfa Romeo has begun developing three new models seen as key elements to the auto brand’s turnaround. The triple move ...
Rich tech gurus and their sweet rides
The Silicon Valley force is also showed in the parking lot. Yes, no matter how smart, powerful or wealthy, nothing ...
Privately owned cars could disappear from Helsinki
A number of cities around the world are taking steps to reduce or limit the growth of privately owned vehicles ...
Super material could dramatically increase Tesla cars range
The highly coveted luxury electric sedan from Tesla – the Model S – boasts an impressive range for the segment ...
Tesla’ s 5 states bid high for its new battery factory
Tesla has been long planning the $5 billion plant to make batteries for its new generation of electric cars. The ...
Peugeot to cut jobs at its Sochaux plant
PSA Peugeot Citroen will cut 300 jobs at its Sochaux factory in eastern France because it wants to reduce the ...
Report – Thailand to approve Volkswagen factory
According to a German newspaper's report, Thailand is set to give the green light to the construction of a Volkswagen ...
China will not force foreign car parts makers to form local joint ventures
The European trade body in China said the Beijing government does not plan to force foreign auto parts suppliers to ...
Spanish car sales up 14% in August
Sales of new cars in Spain have gone up 14% in August to 45,355 units. The advance represents the 12th ...
BMW plans six front-wheel drive models by 2017
The new UKL1 MINI platform is also used to underpin new models from the BMW brand. Because of cost cutting, ...
Aston Martin taps Nissan boss Andy Palmer as new CEO
Following a Financial Times report that the Japanese automaker’s executive has moved from Nissan to Britain’s 101-year-old sports carmaker – ...
[Video] Cristiano Ronaldo shoots footballs at Jenson Button’s McLaren 650s
Famous football (soccer if you live in the US) star player Cristiano Ronaldo and equally famous Formula One driver Jenson ...
[Video] BMW Welt gets promoted via marriage proposal
Fore sure you heard about the BMW Welt complex in Munich – after all it’s the No.1 tourist attraction in ...
Maserati Levante mule caught on the streets
The Maserati Levante SUV has been finally caught on the streets – cleverly disguised under the body of the Ghibli ...
McLaren MP4-12C lives on with DMC’s Velocita Wind Edition
The oddly named MP4-12C signaled the fabled return of the British sports producer and Formula 1 expert to road going ...