The Truth About Cars » EIB http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sat, 06 Feb 2016 17:30:53 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » EIB http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com EU Greenlights Green Loan To Renault http://www.thetruthaboutcars.com/2013/05/eu-greenlights-green-loan-to-renault/ http://www.thetruthaboutcars.com/2013/05/eu-greenlights-green-loan-to-renault/#comments Tue, 28 May 2013 10:53:24 +0000 http://www.thetruthaboutcars.com/?p=489762 The EU is very stingy when it comes to financial support for its automakers, and it prohibits most monetary assistance given by EU states to their industries. Of course, there are exceptions, and one such exception makes possible a $516 million loan to Renault. “The European Investment Bank said on Monday it had decided to […]

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The EU is very stingy when it comes to financial support for its automakers, and it prohibits most monetary assistance given by EU states to their industries. Of course, there are exceptions, and one such exception makes possible a $516 million loan to Renault. “The European Investment Bank said on Monday it had decided to […]

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Saab Soap, The Endgame: Antonov Wants War! http://www.thetruthaboutcars.com/2011/07/saab-soap-the-endgame-antonov-wants-war/ http://www.thetruthaboutcars.com/2011/07/saab-soap-the-endgame-antonov-wants-war/#comments Fri, 29 Jul 2011 17:19:11 +0000 http://www.thetruthaboutcars.com/?p=404747 In the Saab soap, it looks like Vladimir Antonov does no longer want to be invited back. Swedish Aftonbladet reports that “Vladimir Antonov is pissed” (at least that’s Google’s translation for “Vladimir Antonov är förbannad”) and is looking  into legal action against  Sweden’s Prime Minister Fredrik Reinfeldt, Finance Minister Anders Bork and Maud Olofsson, Minister […]

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In the Saab soap, it looks like Vladimir Antonov does no longer want to be invited back. Swedish Aftonbladet reports that “Vladimir Antonov is pissed” (at least that’s Google’s translation for “Vladimir Antonov är förbannad”) and is looking  into legal action against  Sweden’s Prime Minister Fredrik Reinfeldt, Finance Minister Anders Bork and Maud Olofsson, Minister […]

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EIB Says No To Antonov. Suppliers Say No Scrooge McDuck Will Save Saab http://www.thetruthaboutcars.com/2011/07/eib-says-no-to-antonov-suppliers-say-no-scrooge-mcduck-will-save-saab/ http://www.thetruthaboutcars.com/2011/07/eib-says-no-to-antonov-suppliers-say-no-scrooge-mcduck-will-save-saab/#comments Thu, 28 Jul 2011 14:45:40 +0000 http://www.thetruthaboutcars.com/?p=404604 Now that it has been first leaked then confirmed that the European Investment Bank EIB will not let Russian financier Vladimir Antonov get close to Saab, Antonov says he had known that all along. Antonov’s spokesman Lars Carlstrom told Reuters that his boss “has known for a few weeks that the EIB would not let […]

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Now that it has been first leaked then confirmed that the European Investment Bank EIB will not let Russian financier Vladimir Antonov get close to Saab, Antonov says he had known that all along. Antonov’s spokesman Lars Carlstrom told Reuters that his boss “has known for a few weeks that the EIB would not let […]

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Jaguar Land Rover Snags $458m EIB Loan http://www.thetruthaboutcars.com/2010/02/jaguar-land-rover-snags-458m-eib-loan/ http://www.thetruthaboutcars.com/2010/02/jaguar-land-rover-snags-458m-eib-loan/#comments Fri, 26 Feb 2010 18:44:01 +0000 http://www.thetruthaboutcars.com/?p=346836 Every good turn deserves another, and in response to America’s bailout of its most vulnerable automakers, the EU is investing in its least viable automakers. Having invested $547m in Saab, the European Investment Bank is announcing a $458m loan to Jaguar Land Rover, the troubled luxury divisions of Tata Motors. Automotive News [sub] reports that […]

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Every good turn deserves another, and in response to America’s bailout of its most vulnerable automakers, the EU is investing in its least viable automakers. Having invested $547m in Saab, the European Investment Bank is announcing a $458m loan to Jaguar Land Rover, the troubled luxury divisions of Tata Motors. Automotive News [sub] reports that […]

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EU Approves Sweden’s Saab-Spyker EIB Loan Guarantee http://www.thetruthaboutcars.com/2010/02/eu-approves-swedens-saab-spyker-eib-loan-guarantee/ http://www.thetruthaboutcars.com/2010/02/eu-approves-swedens-saab-spyker-eib-loan-guarantee/#comments Mon, 08 Feb 2010 19:35:03 +0000 http://www.thetruthaboutcars.com/?p=344605 One more obstacle to the Spyker-Saab deal has been eliminated, as BusinessWeek reports that the EU has approved the Swedish government’s guarantee of a €400m ($547m) loan to the company from the European Investment Bank. EU competition commissioner Neelie Kroes approved the loan today, saying it would not cause “any undue distortions of competition,” and […]

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One more obstacle to the Spyker-Saab deal has been eliminated, as BusinessWeek reports that the EU has approved the Swedish government’s guarantee of a €400m ($547m) loan to the company from the European Investment Bank. EU competition commissioner Neelie Kroes approved the loan today, saying it would not cause “any undue distortions of competition,” and […]

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Saab, Unsaved http://www.thetruthaboutcars.com/2009/11/saab-unsaved/ http://www.thetruthaboutcars.com/2009/11/saab-unsaved/#comments Thu, 26 Nov 2009 14:48:27 +0000 http://www.thetruthaboutcars.com/?p=337070 It’s the day after the Saab-bomb exploded in Sweden, and the media are pouring all over it. Of course, all kinds of “car experts” and “auto analysts” are having their say. Saab workers are expectedly sad and disappointed. And everybody’s blaming everybody and anybody. The unions blame the government, the government blames Koenigsegg, Koenigsegg Group […]

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It’s the day after the Saab-bomb exploded in Sweden, and the media are pouring all over it. Of course, all kinds of “car experts” and “auto analysts” are having their say. Saab workers are expectedly sad and disappointed. And everybody’s blaming everybody and anybody. The unions blame the government, the government blames Koenigsegg, Koenigsegg Group […]

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Swedish Government: Saab’s Books Were Cooked http://www.thetruthaboutcars.com/2009/11/swedish-government-saabs-books-were-cooked/ http://www.thetruthaboutcars.com/2009/11/swedish-government-saabs-books-were-cooked/#comments Wed, 18 Nov 2009 14:27:05 +0000 http://www.thetruthaboutcars.com/?p=336012 Looks like GM may have done some creative accounting after all – at least according to Swedish Government and their consulting firm KPMG. As we’ve reported the last couple of days, Saab’s rescue has been hanging by a thread due to questions around the company’s financial situation prior to the start of the financial crisis. […]

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Looks like GM may have done some creative accounting after all – at least according to Swedish Government and their consulting firm KPMG. As we’ve reported the last couple of days, Saab’s rescue has been hanging by a thread due to questions around the company’s financial situation prior to the start of the financial crisis. […]

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GM Lost $5k On Every Saab Sold In The Last 8 Years http://www.thetruthaboutcars.com/2009/11/gm-lost-5k-on-every-saab-sold-in-the-last-8-years/ http://www.thetruthaboutcars.com/2009/11/gm-lost-5k-on-every-saab-sold-in-the-last-8-years/#comments Tue, 17 Nov 2009 14:36:01 +0000 http://www.thetruthaboutcars.com/?p=335861 Swedish business site di.se has done some numbercrunching, and figured out that GM has lost SEK 35,000,- (eq aprox $ 5,100, at the current exchange rate) on each Saab sold the last 8 years. As many of TTAC’s readers have pointed out in various comments, GM never made money on Saab. Truth is; they lost […]

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Swedish business site di.se has done some numbercrunching, and figured out that GM has lost SEK 35,000,- (eq aprox $ 5,100, at the current exchange rate) on each Saab sold the last 8 years. As many of TTAC’s readers have pointed out in various comments, GM never made money on Saab. Truth is; they lost […]

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Saab Deal Going The Way Of Opel? http://www.thetruthaboutcars.com/2009/11/saab-deal-going-the-way-of-opel/ http://www.thetruthaboutcars.com/2009/11/saab-deal-going-the-way-of-opel/#comments Mon, 16 Nov 2009 14:44:02 +0000 http://www.thetruthaboutcars.com/?p=335638 Saab has not had an easy path to salvation. The Koenigsegg Group has had to provide finances, agree to a price and conditions with GM, get loan from European Investment Bank (EIB),and  coax the Swedish Government into guaranteeing loans. Now there’s one more hurdle left, and it’s the same challenge that scuppered the Opel to […]

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Saab has not had an easy path to salvation. The Koenigsegg Group has had to provide finances, agree to a price and conditions with GM, get loan from European Investment Bank (EIB),and  coax the Swedish Government into guaranteeing loans. Now there’s one more hurdle left, and it’s the same challenge that scuppered the Opel to […]

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