News tagged with “government loans”. Found:
12 tagged news reports.
Your Search Returned 12 tagged news reports
GM says improved quarter shows signs of stability
Shanghai :: China | 9 days ago
Credibility
General Motors, its river of red ink stemmed by a trip through bankruptcy court, reported a narrower quarterly loss and said it would start repaying billions of dollars in government loans that helped keep it alive...The company credited a sharp reduction...
Tags: GMC Terrain, Henderson, Europe, government loans, North America, U.S, China, Shanghai
GM to begin repaying US taxpayers
Detroit :: MI :: USA | 13 days ago
Credibility General Motors, the American car giant driven to bankruptcy by the global recession, will begin paying back bailout money from the US government as early as next month. The company said it lost $1.2bn in the period from July, when it emerged from bankruptcy...
Tags: GM Reports Progress, General Motors Co., generated motors, government loans, U.S, beginning repay, gm posts, Detroit, GMC, General Motors Chapter 11 reorganization, Effects of the 2008-2009 automotive industry crisis on the United States, Car manufacturers, Chevrolet, General Motors, Business Finance, Electrification, Automotive industry crisis of 2008￢ﾀﾓ2009, GMAC, Bailout, economics, Electric vehicles, Politics, Bond, Economic history of the United States, Big Three, Frederick Henderson, Toyota, Ford Motor Company, Rick Wagoner, Opel, Automotive industry
Vote of confidence for GM chief
Seguin :: TX :: USA | 19 days ago
Credibility Chief Executive Fritz Henderson has the board's backing, and the automaker may repay some of its $50 billion in U.S. bankruptcy aid this year, Chairman Ed Whitacre said. "It's conceivable we could pay back some of the loans before the end of the year,"...
Tags: General Motors Co., Ed Whitacre, Edward Whitacre Jr., Mr Whitacre, gm chairman, U.S, chairman ed, Texas Lutheran University, government loans, Detroit
Jaguar Land Rover aid talks stall
London :: United Kingdom | 6 months ago
Credibility Financial support for Jaguar Land Rover from the European Investment Bank is in jeopardy after a row over the terms of the loan. The carmaker will not accept tough conditions imposed by the UK government in return for guaranteeing the loan. Industry experts...
Tags: Jaguar Land Rover, Tata Steel UK, Tata Motors Ltd., Tata Steel Limited, S&P, government loans
GM 'doesn't need' $3bn bailout
Detroit :: MI :: USA | 8 months ago
Credibility The struggling automaker said it had advised the presidential task force on the auto industry that the "2 billion of funding previously requested for March would not be needed at this time". GM did not indicate whether those funds might be needed at some...
Tags: General Motors Corp., financial officer, officer ray, chief financial, government loans, task force, Ray Young, restructuring plan, U.S, struggling automaker
Toyota 'seeking government loan'
Toyota :: Japan | 9 months ago
Credibility Local media reported that Toyota Financial Services had applied to the government-backed Japan Bank for International Co-operation for a loan. Toyota has said it expects to make its first annual loss since 1950 in the financial year ending in March...The...
Tags: Toyota Financial Services, Toyota Motor Corp., Japan Bank, japan banks, Tokyo, emergency loans, government loans, International Cooperation
GM to cut 10,000 salaried jobs
Detroit :: MI :: USA | 9 months ago
Credibility The Detroit-based automaker said Tuesday it will cut its total number of white-collar jobs by 14 percent to 63,000. About 3,400, or 12 percent, of 29,500 salaried U.S. jobs will be eliminated. Most of its remaining salaried employees will have their...
Tags: Locally General Motors Corp., salaries job, U.S, based automaker, salaries workers, pay cut, work force, government loans, collar job
Outspoken GM exec Bob Lutz to retire
Detroit :: MI :: USA | 9 months ago
Credibility A database of job losses, layoffs and plant closures in Washington state. Bob Lutz, a giant personality in the auto industry, is to retire from General Motors at the end of the year, the company said Monday. Lutz, 76, GM's vice chairman and product-development...
Tags: Bob Lutz, Mr. Lutz, General Motors, government loans, Chevrolet Volt, vice chairman, salaried job, volt electric, electric cars
Chrysler needs $3bn in new government loans$
Rome :: Italy | 10 months ago
Credibility Fiat's international partnership with Chrysler may fall through if the struggling US carmarket does not obtain $3 billion in additional US Government loans. Chrysler and Fiat said yesterday that their deal would give Fiat a 35 per cent stake in the American...
Tags: Chrysler, Fiat SpA, government loans
Toyota overtakes GM in annual sales
Detroit :: MI :: USA | 10 months ago
Credibility GM said it sold 8.356 million cars and trucks last year, as the company that has led the industry in sales for 77 years struggled through a difficult year. Sales at GM fell 11 percent in the year, The Detroit News reported. Toyota, where sales fell 4...
Tags: GM Loses Global, General Motors Corp., congress, Toyota Motor Corp, Fritz Henderson, Detroit News, Barack Obama, government loans, global sales, operating officer
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