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Chrysler Financial gets $1.5 billion federal loan
Fri, 16 Jan 2009The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.
GT Academy winner Heitkotter's next step is the 24 Hours of Dubai
Thu, 03 Nov 2011It all culminates in January at the 24 Hours of Dubai: That's when video-game player and GT Academy winner Bryan Heitkotter will race, professionally, with European GT Academy winner Jann Mardenborough in a Nissan 370Z. The GT Academy was a contest that started last December in which Gran Turismo 5 players competed for a seat in a real race car. Thousands entered, 32 players rose to the top, and 16 of those were invited to a seven-day whirlwind racing and evaluation program at the Silverstone circuit in the United Kingdom.
Read the Spyker Cars press release announcing the purchase of Saab from GM
Tue, 26 Jan 2010PRESS RELEASE: GENERAL MOTORS AND SPYKER CARS REACH AGREEMENT ON SAAB -- GM and Spyker Cars announce a binding agreement over the transfer of ownership of Saab -- Terms are agreed and the deal is expected to close in February -- Saab's future as an independent company is secured -- Saab will exit the orderly wind-down process -- Spyker shareholders will restructure at closure of the deal -- Swedish Government issues guarantee in favour of EIB ZEEWOLDE, The Netherlands (26 January, 2010) -- General Motors Company and Spyker Cars N.V, today confirmed the details of a binding agreement over the transfer of ownership of Saab Automobile AB of Trollh