Ministerial cars were slapped with £15,930 worth of tickets in 2007-08 – and taxpayers have to foot the bill.
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There are private investors potentially interested in taking a stake in General Motors' German unit Opel, economy minister Karl-Theodor zu Guttenberg said.
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German Economy Minister Karl-Theodor zu Guttenberg said today there are private investors potentially interested in taking a stake in General Motors' German carmaker Opel.
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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today.
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The Department of Transportation of the National Highway Traffic Safety Administration (NHTSA) establishes CAFE (Corporate Average Fuel Economy) standards since the end of the 1970s. These standards regulate the average fuel consumption of automotive vehicles built in North America as well as the production of CO2 emissions.
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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today.
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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today.
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For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A. The Obama administration has given Chrysler 30 days to forge a broad product-sharing agreement with the Italian automaker.
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For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A. The Obama administration has given Chrysler 30 days to forge a broad product-sharing agreement with the Italian automaker.
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The Obama administration's auto task force wants Fiat SpA to take a smaller initial stake in Chrysler LLC. According to people familiar to the matter, the stake could be a low as 20 percent.
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The U.S. task force overseeing the restructuring of the auto industry today said the plans submitted by General Motors and Chrysler failed to show how they could be viable.
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AvtoVAZ can expect over 20bn roubles in state funds and should attract a further 90bn itself, Russia's prime minister Vladimir Putin said on Monday.
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Well more than 100 journalists are expected to head for Opel's key Rüsselsheim factory on 31 March when federal chancellor Angela Merkel, defence minister Franz Josef Jung and assorted Hessen state officials visit.
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Russia's largest car maker, AvtoVAZ, can expect 25 billion rubles (about $733.7 million) in state funds and should attract a further 90 billion rubles itself, Russia Prime Minister Vladimir Putin said today.
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Russia's largest car maker, AvtoVAZ, can expect more than 20 billion rubles (about $587.4 million) in state funds and should attract a further 90 billion rubles itself, Russia Prime Minister Vladimir Putin said on Monday.
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General Motors' chairman and CEO Rick Wagoner at the weekend fell on his sword and quit under pressure from the Obama administration ahead of today's presidential announcement that gave GM and Chrysler more time and capital to restructure, hinted at structured bankruptcies, revealed new incentives to spur sales and promised support for communities hit by the auto industry downturn.
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Germany's economy minister said on Sunday that there were a host of investors interested in General Motors' Opel unit, but warned they could not expect Berlin to assume all the financial risks linked to the company.
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General Motors CEO Rick Wagoner resigned under pressure from the Obama administration as the government rejected the viability proposals of GM and Chrysler LLC. Wagoner, a career GM executive and CEO since 2000, stepped down as the top U.S.
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General Motors CEO Rick Wagoner has resigned under pressure from the Obama administration as the government prepares to announce today a second bailout for the company and Chrysler LLC.
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General Motors CEO Rick Wagoner has resigned under pressure from the Obama administration as the government prepares to announce today a second bailout for the company and Chrysler LLC.
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