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guaranteed car loanA consortium headed by Sweden’s Koenigsegg has struck a deal to buy loss-making Saab from General Motors. Few financial details have been made public. GM Europe says the deal is being partially funded with 430 million euros worth of financing from ... Read more
Koenigsegg buying Saab - Euro NewsBanks and other lenders issued $38 million in financing guaranteed by the U.S. Small Business Administration, the agency reported Monday. The total was 41% above the $27 million in SBA-backed loans in April, continuing an upward trend that began in ... Read more
SBA-backed business loans rise in May - Milwaukee Journal SentinelIN ONE of the most unlikely pairings in automotive history, a tiny sports- car maker of 45 staff is to take over a company that employs about 3400 and is a cherished Swedish national icon. Sweden’s Koenigsegg, maker of some of the world’s most ... Read more
Minnow car maker saves giant Saab - The TimesF igueruelas has stirred back to life. The General Motors factory in northern Spain is turning out nearly as many cars as it did before the global automotive industry hit the skids last year. The Opel Corsa super-mini it produces is in big demand ... Read more
US car industry: back on the road - Financial TimesA logo of the Swedish car manufacturer Saab is displayed during the 79th Geneva Car Show in March 2009. US automaker General Motors has signed a tentative agreement to sell its beleaguered unit Saab Automobile to Swedish luxury sports car maker ... Read more
Saab to be bought by sports-car Koenigsegg - Citizen.co.zaMillions of homeowners hoping to take advantage of government-guaranteed mortgage refinancing have gotten a rude awakening. In the last two months, mortgage rates have jumped from 4.8 percent to 5.8 percent, wiping out billions of dollars in ... Read more
Brian M. Riedl: Borrowing 'Til The Nation Breaks? - Frankfort TimesThe approval paves the way for Volvo to borrow €500 million ($708 million) from the European Investment Bank ( EIB ) to help fund the €1.9 billion project to develop more environmentally friendly cars. Europe's top competition watchdog said that ... Read more
EU approves Volvo loan guarantees - LocalMillions in economic-stimulus dollars, along with eased restrictions on guaranteed loans, are boosting lending to small businesses nationwide by about 30 percent compared with the weeks prior to the recovery law's passage, government officials say ... Read more
Small businesses get loan boost - Denver PostSTOCKHOLM (Reuters) - A senior Swedish government official said on Tuesday it remained unclear whether Sweden would need to make guarantees for European Investment Bank financing in support of a deal to sell General Motors ( GMGMQ.PK ) unit Saab. GM ... Read more
Sweden says unclear whether Saab guarantees needed - ReutersObama lies to the people and changes America into his own image. It hardly seems possible that Barack Obama has only been in office about five months. Even Adolph Hitler as head of Germany did not accomplish as much as Obama has in such a short time ... Read more
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