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BMW taps finance assets in China


The German automaker, the world’s largest producer of premium autos, has announced it has set up asset-backed securities of 800 million yuan (76.7 million pounds) in China. The deal is very important for the carmaker, as the finance unit is now allowed to tap the huge potential of China's domestic capital market, being also the first asset-backed debt issue in what ...
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Tesla reportedly needing more loans to survive in 2013
Tesla Motors will be in a very difficult situation next year without loans from the U.S. Department of Energy, MarketWatch reports. Without the hundreds of millions of dollars received by Tesla ...
Marchionne Said Fiat Doesn’t Need Access to Chrysler’s Money
Marchionne said that Fiat does not need to access Chrysler’s cash, which currently has limits on its use. “There will have to be no covenants on the debt structure that exists ...
UK: 7.2 million drivers are racing against the GPS
Racing against the GPS devices is becoming more popular in the United Kingdom, where 7.2 million drivers admitted that they’ve pushed the gas pedal to get to their destination faster ...

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