EU approves Swedish guarantee for loan to Saab
Saab — February 8, 2010 at 9:37 amThe EU's competition watchdog on Monday approved Swedish plans to act as guarantor for an European Investment Bank (EIB) to automaker Saab.
The European Commission ruled that 83 percent of the 400-million-euro (600-million-dollar) loan was in line with temporary EU rules on state aid measures, drawn up to help companies through the economic and financial crisis.
The remaining 17 percent will be provided on market...
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Recent Articles
EU approves Swedish guarantee for loan to Saab
The EU's competition watchdog on Monday approved Swedish plans to act as guarantor for an European Investment Bank (EIB) to automaker Saab.
The European Commission ruled that 83 percent of the 400-million-euro (600-million-dollar) loan was in line with temporary EU rules on state aid measures, drawn...
February 8th, 2010 | Saab | Read More
Audi Sales up by roughly 39% in Jan 2010
With some 77,800 cars delivered worldwide, AUDI AG achieved sales growth of around 39 percent in January (2009: 56,138). In the past month, 16,798 Chinese customers chose an Audi – more than twice as many as in January 2009 (2009: 7,816). Sales in the United States rose by 37.9 percent to 6,510 cars...
February 8th, 2010 | Audi, Auto Sales | Read More
Infiniti Announces U.S. Pricing on 2010 G Convertible
Infiniti announced U.S. pricing on the 2010 Infiniti G37 Convertible, which goes on sale today at Infiniti retailers nationwide. The G Convertible features a number of significant enhancements for its second model year, including a revised interior, upgraded navigation and entertainment systems, and...
February 8th, 2010 | Infiniti | Read More
Nissan to slash production at Spanish plant
Japanese carmaker Nissan said Saturday its Avila plant in Spain will keep running at less than 50 percent capacity for at least three years, as unions said it was planning to lay off half the factory staff.
The Avila plant -- one of several operated by Nissan in Spain -- is equipped to turn out 26,000...
February 7th, 2010 | Nissan | Read More
Toyota’s loss is everyone else’s gain
While Toyota tries to maneuver its way out of problems tied to the carmaker's massive safety recall, questions linger over how its woes will affect the U.S. economy and automotive industry.
A lot depends on whether fallout from the recall causes a big shift in market share -- and whether that shift lands...
February 6th, 2010 | Toyota | Read More
Accidents involving Toyota Prius Confirmed
The Japanese government has confirmed five new accidents involving Toyota Motor's Prius hybrids and will urge the troubled car giant to investigate the cases, a newspaper reported Saturday.
The Transport Ministry has received some 80 complaints in February about malfunctions in the brake system of the...
February 6th, 2010 | Toyota | Read More
Toyota upgrades profit outlook despite recall woes
Toyota Motor announced Thursday a net profit of 153.2 billion yen (1.7 billion dollars) for the latest quarter and upgraded its earnings outlook despite a series of massive safety recalls.
The Japanese giant, whose reputation has been tarnished by accelerator and brake problems with its vehicles, now...
February 5th, 2010 | Lexus, Toyota | Read More
Ford admits hybrid brake problem
Ford Motor Co. admitted Thursday a problem affecting braking in some of its hybrid vehicles, and offered a software fix following a wave of problems affecting Japanese rival Toyota.
The US automaker said it was offering the fix to owners of 2010-model Ford Fusion Hybrids and Mercury Milan Hybrids to...
February 5th, 2010 | Ford, Mercury | Read More
Nissan partners with City of Houston
The Renault-Nissan Alliance today announced that Nissan is entering into an agreement with the City of Houston to advance zero-emission mobility in the city by promoting the development of an electric-vehicle charging network and policies to support widespread adoptions of electric cars.
The announcement,...
February 5th, 2010 | Nissan, Renault | Read More
JL Audio To Get TV Series Airing
JL Audio will be the exclusive supplier of car audio equipment used in the new TV series in which celebrity cars get custom makeovers.
The makeovers will be handled by Miami-based Unique Autosports, a 10-year-old car customizer that ships customized vehicles around the world. Unique also customizes yachts...
February 5th, 2010 | Electronics & Multimedia, Entertainment | Read More
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