http://www.worldcarfans.com/category/corporatefinancial http://www.worldcarfans.com/images/feedlogo.gif http://www.worldcarfans.com/category/corporatefinancial http://www.worldcarfans.com/9081121.015/opel-may-be-better-off-without-gm The German government has said it is open to providing a 1 billion euro loan guarantee for Opel as long as the money is used solely to sustain operations within Germany. It also says aid to Opel will not be tied to US actions on a possible bailout.]]> Fri, 21 Nov 2008 22:39:38 GMT http://www.worldcarfans.com/9081121.015/opel-may-be-better-off-without-gm http://www.worldcarfans.com/9081120.024/big-3-bailout-compromise-reached---then-vote-cancelled Reaching a compromise key Senators drafted a bill that should see the $25 billion promised in September for factory retooling, being made immediately available as a kind of emergency cash bailout. However, upon the realization of not enough votes Democrat]]> Thu, 20 Nov 2008 20:49:54 GMT http://www.worldcarfans.com/9081120.024/big-3-bailout-compromise-reached---then-vote-cancelled http://www.worldcarfans.com/9081120.013/gm-rejects-offer-to-sell-opel German solar energy company SolarWorld makes a surprise offer to buy Opel, but GM says its German brand is not for sale.]]> Thu, 20 Nov 2008 09:38:10 GMT http://www.worldcarfans.com/9081120.013/gm-rejects-offer-to-sell-opel http://www.worldcarfans.com/9081120.005/no-25-billion-bailout-package-for-automakers---senate-vote-canceled After a somewhat contentious day on Capital Hill it became obvious that representatives from the Big 3 failed to sway enough members of the United States Senate to back a measure to provide them with $25 billion dollars in government loans.]]> Thu, 20 Nov 2008 08:18:50 GMT http://www.worldcarfans.com/9081120.005/no-25-billion-bailout-package-for-automakers---senate-vote-canceled http://www.worldcarfans.com/9081119.033/american-automakers-25bn-bailout-looks-doubtful Prospects for a bailout of US automakers continue to dim, as Republicans in Congress and President Bush continue to oppose a 25 billion dollar bailout package for the Big 3 auto companies.]]> Wed, 19 Nov 2008 20:35:31 GMT http://www.worldcarfans.com/9081119.033/american-automakers-25bn-bailout-looks-doubtful http://www.worldcarfans.com/9081119.011/chrysler-to-run-out-of-cash-soon US giant Chrysler could be out of business before 2008 is over. A report by CEO Bob Nardelli details Chrysler's deep financial crisis which may end the company's fortunes very soon.]]> Wed, 19 Nov 2008 10:30:45 GMT http://www.worldcarfans.com/9081119.011/chrysler-to-run-out-of-cash-soon http://www.worldcarfans.com/9081118.011/congress-puts-forth-bailout-plan-with-strict-demands Congressional leaders are willing to provide 25 billion dollars to the automakers, but not without strings attached. But still, the prospect of a bailout under the current administration remains slim.]]> Tue, 18 Nov 2008 14:05:35 GMT http://www.worldcarfans.com/9081118.011/congress-puts-forth-bailout-plan-with-strict-demands http://www.worldcarfans.com/9081118.009/gm-reveals-more-cash-saving-measures GM is scrambling to pinch pennies to assure its liquidity throughout 2009. The company has announced it will raise 230 million US dollars by selling its remaining stake in Suzuki Motor. It also said it will be delaying incentives payments to dealer by two]]> Tue, 18 Nov 2008 13:05:35 GMT http://www.worldcarfans.com/9081118.009/gm-reveals-more-cash-saving-measures http://www.worldcarfans.com/9081118.006/getrag-files-for-chapter-11-bankruptcy-protection Transmission supplier Getrag has filed for bankruptcy protection on one of its US plants after automaker Chrysler reneged on an agreement to source new transmissions from the German brand.]]> Tue, 18 Nov 2008 12:35:35 GMT http://www.worldcarfans.com/9081118.006/getrag-files-for-chapter-11-bankruptcy-protection http://www.worldcarfans.com/9081118.012/ford-reduces-stake-in-mazda-after-agreeing-to-sell-20-for-540million Ford is selling part of its stake in Mazda Motor Corporation in a bid to help itself raise funds for "product-led-transformation".]]> Tue, 18 Nov 2008 12:05:35 GMT http://www.worldcarfans.com/9081118.012/ford-reduces-stake-in-mazda-after-agreeing-to-sell-20-for-540million http://www.worldcarfans.com/9081118.007/berlin-ready-to-give-opel-1bn-euro-guarantee German government pledges to provide Opel with 1 billion euros in loan guarantees. But the government of Chancellor Angela Merkel has stipulated the money is to remain in Germany to shore up Opel's operations in country.]]> Tue, 18 Nov 2008 11:35:35 GMT http://www.worldcarfans.com/9081118.007/berlin-ready-to-give-opel-1bn-euro-guarantee http://www.worldcarfans.com/9081117.026/video-gm-higlights-the-consequences-of-automakers-collapse GM puts out a video on the dire consequences to the US economy if the big 3 automakers are allowed to collapse. GM, Ford and Chrysler are hoping for a government bailout in the form of 25 billion US dollars in loan guarantees.]]> Mon, 17 Nov 2008 20:20:40 GMT http://www.worldcarfans.com/9081117.026/video-gm-higlights-the-consequences-of-automakers-collapse http://www.worldcarfans.com/9081117.021/gm-to-sell-remaining-suzuki-stake-for-230-million-us GM will sell its remaining stake in Suzuki Motor for 230 million US. The troubled automaker is selling off assets to raise cash as GM is losing about 2.3 billion US dollars a month at its current rate.]]> Mon, 17 Nov 2008 14:49:42 GMT http://www.worldcarfans.com/9081117.021/gm-to-sell-remaining-suzuki-stake-for-230-million-us http://www.worldcarfans.com/9081117.016/german-government-warms-to-idea-of-bailout-for-opel The German government is considering a bailout for GM Europe's Germany-based brand Adam Opel. Opel has asked both federal and state governments in Germany for loan guarantees.]]> Mon, 17 Nov 2008 13:19:42 GMT http://www.worldcarfans.com/9081117.016/german-government-warms-to-idea-of-bailout-for-opel http://www.worldcarfans.com/9081114.026/2009-detroit-auto-show-loses-ferrari-rolls-royce-and-land-rover The North American International Auto Show in Detroit was already expected to have a rather somber tone this year but now comes word that Ferrari, Rolls-Royce and Land Rover won't be attending the show at all.]]> Fri, 14 Nov 2008 17:45:49 GMT http://www.worldcarfans.com/9081114.026/2009-detroit-auto-show-loses-ferrari-rolls-royce-and-land-rover http://www.worldcarfans.com/9081113.019/european-auto-industry-also-suffering-from-dramatic-sales-decline European automakers don't face the same threats as their US counterparts, but sales are falling dramatically in European markets too. European car sales have plummeted due to sagging consumer confidence and lack of credit.]]> Fri, 14 Nov 2008 10:14:19 GMT http://www.worldcarfans.com/9081113.019/european-auto-industry-also-suffering-from-dramatic-sales-decline http://www.worldcarfans.com/9081113.020/gm-bankruptcy-could-be-the-best-solution GM is in dire need of cash and says it may collapse before an Obama administration comes to power. But some industry observers say GM going into bankruptcy protection may be best course of action.]]> Thu, 13 Nov 2008 22:36:40 GMT http://www.worldcarfans.com/9081113.020/gm-bankruptcy-could-be-the-best-solution http://www.worldcarfans.com/9081113.016/democrats-propose-25b-cut-of-the-700b-bail-out-package-for-big-3 Democratic Congress open to setting aside $25 Billion from bailout fund for automakers but the Bush administration still skeptical of providing help.]]> Thu, 13 Nov 2008 16:27:38 GMT http://www.worldcarfans.com/9081113.016/democrats-propose-25b-cut-of-the-700b-bail-out-package-for-big-3 http://www.worldcarfans.com/9081113.010/paulson-700bn-rescue-bailout-not-for-auto-makers Chrysler, Ford and General Motors might well not benefit from the US700 billion rescue package which is meant to rejuvenate the financial services industry.]]> Thu, 13 Nov 2008 13:01:45 GMT http://www.worldcarfans.com/9081113.010/paulson-700bn-rescue-bailout-not-for-auto-makers http://www.worldcarfans.com/9081112.017/congress-considers-auto-rescue-plan---with-strings A light could be shining for the Detroit Big Three as US lawmakers indicate a willingness to include the auto industry in its proposed USD700 billion bailout of financial institutions.]]> Wed, 12 Nov 2008 20:42:26 GMT http://www.worldcarfans.com/9081112.017/congress-considers-auto-rescue-plan---with-strings http://www.worldcarfans.com/9081112.006/gm-cancels-la-auto-show-press-events In another sign of trouble, GM cancels press events for L.A. Auto Show and will not unveil any new vehicles at the show. All new intros have been pushed back to the Detroit Auto Show in January.]]> Wed, 12 Nov 2008 13:36:13 GMT http://www.worldcarfans.com/9081112.006/gm-cancels-la-auto-show-press-events http://www.worldcarfans.com/9081111.017/-us-automakers-face-unprecedented-threat-of-collapse As sales fall dramatically, US automakers are running out of cash and face a bleak 2009, GM may collapse]]> Wed, 12 Nov 2008 08:24:45 GMT http://www.worldcarfans.com/9081111.017/-us-automakers-face-unprecedented-threat-of-collapse http://www.worldcarfans.com/9081104.020/bmw-cs-concept-based-production-version-officially-cancelled BMW has announced that its planned new flagship based on the CS Concept has been cancelled.]]> Tue, 04 Nov 2008 17:07:18 GMT http://www.worldcarfans.com/9081104.020/bmw-cs-concept-based-production-version-officially-cancelled http://www.worldcarfans.com/9081104.011/tesla-motors-secures-future-with-40-million-of-financing Troubled niche car maker Tesla Motors has announced they have secured $40 million in debut financing to move ahead with production of their electric roadster.]]> Tue, 04 Nov 2008 12:27:22 GMT http://www.worldcarfans.com/9081104.011/tesla-motors-secures-future-with-40-million-of-financing http://www.worldcarfans.com/9081028.007/vw-briefly-surpasses-exxon-as-worlds-biggest-company VW briefly became the world's largest company by market capitalization today when its stock shot up to over 1,000 euros in intra-day trading on the Frankfurt stock market.]]> Tue, 28 Oct 2008 14:46:03 GMT http://www.worldcarfans.com/9081028.007/vw-briefly-surpasses-exxon-as-worlds-biggest-company http://www.worldcarfans.com/9081028.003/gm-cancels-all-future-full-size-suvs GM pull the plug on a $2bn investment program to replace their range of full-size SUVs, namely the Escalade, Yukon and Suburban. The decision was unanimously approved by executives, ending 15 years of vehicles that defined the brand.]]> Tue, 28 Oct 2008 12:28:44 GMT http://www.worldcarfans.com/9081028.003/gm-cancels-all-future-full-size-suvs http://www.worldcarfans.com/9081027.001/porsche-reveals-plans-to-raise-vw-stake-to-75-in-2009 Porsche announced on Sunday its intention to raise its stake in VW to 75% by 2009 in the German sportscarmaker's continued bid to gain a controlling share of Europe's largest automaker.]]> Mon, 27 Oct 2008 12:04:13 GMT http://www.worldcarfans.com/9081027.001/porsche-reveals-plans-to-raise-vw-stake-to-75-in-2009 http://www.worldcarfans.com/9081013.004/chrysler-and-general-motors-begin-merger-discussions Two American giants General Motors and Chrysler are in serious talks regarding the merger of their automotive businesses.]]> Mon, 13 Oct 2008 12:54:55 GMT http://www.worldcarfans.com/9081013.004/chrysler-and-general-motors-begin-merger-discussions http://www.worldcarfans.com/9080916.012/porsche-now-controls-vw Porsche has announced they have acquired a further 4.89 percent of the Volkswagen ordinary shares today, confirming a controlling majority of which VW now becomes a subsidiary of Porsche Automobil Holding SE]]> Tue, 16 Sep 2008 15:14:34 GMT http://www.worldcarfans.com/9080916.012/porsche-now-controls-vw http://www.worldcarfans.com/9080916.003/gm-centennial-celebrations-with-gmnext-day-watch-the-live-feed-here Unveilings will likely include the Saab 9X Air Concept, a Corvette Centennial Concept and the Chevrolet Volt. We will bring you more details on thse models as the day unfolds.]]> Tue, 16 Sep 2008 13:00:04 GMT http://www.worldcarfans.com/9080916.003/gm-centennial-celebrations-with-gmnext-day-watch-the-live-feed-here