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Energy Department recovers $21 million from Fisker to pay back loans
Tue, 23 Apr 2013The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.
Bugatti Veyron Grand Sport & Super Sport China specials
Fri, 22 Apr 2011Bugatti Veyron Super Sport - carbon fibre special for Chinese client Really, we don’t need to look at economic groups of nations - like the G8 or G20 – to judge how affluent a country is, or is becoming. We should just look which countries buy a custom-built Bugatti Veyron. After all, titivating a Bugatti Veyron – any Bugatti Veyron – means there has to be a decent amount of cash floating around at the top of the financial tree.
Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday. The newspaper said Wiedeking has been visited by Porsche Chairman Wolfgang Porsche in the past few days, who “made it clear” that the embattled CEO should step down. Wiedeking has come under fire for allowing Porsche's holding company to amass debts of more than $12.7 billion (9 billion euros) during a failed attempt to take over VW.