Tag: funds

By on May 26, 2015

Chrysler 300 (Aus)

The Chrysler 300, thought by many to be a modern day “gangster” car, has tons of power. But, as they say, absolute power corrupts absolutely, and for former FCA Australia CEO Clyde Campbell, it still may not be enough to escape accusations of misappropriation of funds.

Tomorrow, FCA will take Campbell to federal court in Australia claiming he funneled money to other companies owned by himself, his wife, co-workers, and his successor – Victoria Johns.

(Read More…)

By on January 12, 2012

Ford’s Australia branch is getting $34 million AUD (roughly $35 million U.S. dollars) plus an unspecified contribution from the government of Victoria (an Australian state), to sustain a Ford plant in Melbourne.  Total investment is said to be roughly $105 million USD. Holden, GM’s Australian division, is looking for some government funds too, and its raising questions about the viability of Australia’s domestic car industry.

(Read More…)

Recent Comments

  • Erikstrawn: They’ve painted themselves into a corner with debt and need the money just to keep the car....
  • JohnTaurus: I don’t think Ford will be killing the F-Series anytime soon, no matter how many autonomous...
  • Prove Your Humanity 2+9=?: “Your diesel Fiat is no Volkswagen!” “Oh, yeah? It’s just as...
  • threeer: Yes. Easily.
  • Lorenzo: Aw, I was hoping for a Sentra-based Galant, with the rough sounding Mitsubishi 2.4 four. The 1.8 Nissan four...

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States