Govt offers GM loan to safeguard jobs
General Motors — March 12, 2010 at 8:01 pmThe government on Friday announced it had agreed a loan of 270 million pounds for General Motors to help protect jobs in Britain.
GM had decided to sell its European arm, which makes Vauxhall cars here, but changed its mind after its own rescue by the US government.
Business Secretary Peter Mandelson said in a statement that the loan guarantee to GM Europe "will help secure the company?s operations in Britain...
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Automobiles
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Recent Articles
Govt offers GM loan to safeguard jobs
The government on Friday announced it had agreed a loan of 270 million pounds for General Motors to help protect jobs in Britain.
GM had decided to sell its European arm, which makes Vauxhall cars here, but changed its mind after its own rescue by the US government.
Business Secretary Peter Mandelson...
March 12th, 2010 | General Motors | Read More
2012 Ford Police Interceptor
Ford reveals its all-new, purpose-built Police Interceptor sedan today, showcasing a car for law enforcement officials that will exceed the durability, safety, performance and fuel economy of the industry’s leading police car – the Ford Crown Victoria – while also confirming production of a Police...
March 12th, 2010 | Ford Cars | Read More
Väth V58 – Rocket Compressor with 565 hp
Understatement cannot be qualified as one of the advantageous features of VÄTH V58. This is considered to be the same as with SLK AMG R171. Not only the outside appearance of VÄTH V58 cannot be ignored, but also the SLK performance cannot be recognized under the motor hood. A high-performance 565 hp...
March 12th, 2010 | Väth-Cars | Read More
Hyundai chairman’s son gets seat on the board
The only son of Hyundai Motor chairman Chung Mong-Koo was Friday appointed to the board of South Korea's top carmaker, fuelling speculation he is being groomed to succeed his 71-year-old father.
Shareholders at their annual meeting approved the appointment of Chung Eui-Sun, 39, a company spokesman said.
The...
March 12th, 2010 | Hyundai | Read More
Audiovox Releases New Vehicle Security
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March 12th, 2010 | News | Read More
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March 12th, 2010 | Electronics & Multimedia | Read More
Daihatsu recalls 275,000 vehicles
Daihatsu Motor Co., a subsidiary of embattled Toyota, said Thursday it was recalling almost 275,000 vehicles due to possible defects, the latest in a raft of problems hitting Japanese carmakers.
The move comes as Toyota, which owns a stake of over 51 percent in the small-car specialist, pulls more than...
March 11th, 2010 | Daihatsu, Recall News | Read More
Kraft Foods to Replace US Sales Fleet
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Nissan Announces U.S. Pricing for 2011 Nissan GT-R
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March 11th, 2010 | Nissan | Read More
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