Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.
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Porsche's shares fell more than 7 percent in early trading on Monday, weighed down by concerns over the automaker's financial health. Financing woes have forced Porsche to abandon a full takeover of Volkswagen AG.
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Porsche's shares fell more than 7 percent in early trading on Monday, weighed down by concerns over the automaker's financial health. Financing woes have forced Porsche to abandon a full takeover of Volkswagen AG.
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General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the heads of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.
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General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the premiers of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Volkswagen said it loaned 700 million euros ($980 million) to Porsche, adding a bizarre twist to the German sports car maker's bungled takeover of Europe's largest carmaker.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
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Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid it supports.
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Robert Bosch supplies its latest-generation ABS along with electronic brake force distribution and emergency brake assist to the new DaciaSandero. This is the first time the German supplier has delivered brake assist to a Dacia model.
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Volkswagen said it loaned 700 million euros ($980 million) to Porsche, adding a bizarre twist to the German sports car maker's bungled takeover of Europe's largest carmaker.
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Calsonic Kansei Europe is the sole radiator supplier for the new DaciaSandero. The Japanese company supplies three radiator variants to cover all the Sandero's diesel and two gasoline engines.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
Full story...
Calsonic Kansei Europe is the sole radiator supplier for the new DaciaSandero. The Japanese company supplies three radiator variants tocover all the Sandero's diesel and two gasoline engines.
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Volkswagen, Fiat and other European makers of thrifty cars could earn billion of dollars in operating profits from U.S. President Barack Obama's proposed fuel economy standards.
Full story...
Volkswagen said it loaned 700 million euros ($980 million) to Porsche, adding a bizarre twist to the German sports car maker's bungled takeover of Europe's largest carmaker.
Full story...
With summer right around the corner, sports cars are once again gracing Canada's roads. And it's pretty hard to overlook the spectacular new models that are available to drivers across the country.
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Kawasaki's Jordan Szoke beat 17-year old Brett McCormick (Suzuki) in both main events at the Ontario track, to kick off a season that promises tight battles between the veteran multi champion and the upcoming youngster.
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Four teams have reportedly paid the necessary deposit to reserve a supply of Cosworth's customer formula one engine for 2010.
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