Archive for December, 2008

ICICI cuts home, auto loan rates 50 bps (Business Standard India)

December 31st, 2008
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The country’s largest private sector lender, ICICI Bank, today reduced its lending rates on home and auto loans 50 basis points and deposit rates 50 to 75 basis points across various tenures with effect from December 31.

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Published in Auto Manufacturer, Auto News
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Auto-insurance costs to climb (Vietnam Net)

December 31st, 2008
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VietNamNet Bridge - The Ministry of Finance has increased auto insurance premium levels. Under Circular No 126/2008/TT-BTC, civil liability insurance premiums for privately-owned cars and motorbikes operated for personal use will increase 10 – 20 per cent at the beginning of 2009.

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GM gets $4 billion, Chrysler still waiting

December 31st, 2008
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General Motors has received the first $4 billion of the loans it was granted by the Bush Administration but Chrysler is still waiting for its funds. The two automakers were guaranteed a total of $17.4 billion in bridge loans to help them get through a liquidity crisis caused by the collapse of the credit markets. Brookly [...]

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Published in Auto Manufacturer, Auto News

ICICI cuts home, auto loan rates 50 bps (Business Standard India)

December 31st, 2008
no comment Posted by admin
The country’s largest private sector lender, ICICI Bank, today reduced its lending rates on home and auto loans 50 basis points and deposit rates 50 to 75 basis points across various tenures with effect from December 31.

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Published in Auto Manufacturer, Auto News
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GM gets first $4 billion; Chrysler does not, yet

December 31st, 2008
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General Motors on Wednesday received the first $4 billion in emergency loans that the federal government has promised the automaker. Both GM and Chrysler had been scheduled to receive on Monday, Dec. 29, $4 billion from a total of $17.

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Key auto-related companies now eligible for federal bailout funds (USA Today)

December 31st, 2008
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In a bid to expand government help for the U.S. auto industry, the Treasury has announced guidelines for providing money to any company identified as crucial to making or financing cars, Bloomberg says. That might mean Delphi Corp., GM's bankrupt former parts supplier, would be eligible for a piece of the $700 billion rescue fund. General Motors and Chrysler have been approved for $17.4 billion ...

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Auto sector travels rough road in 2008 (The West Australian)

December 31st, 2008
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For the US auto sector - and many of its stocks - 2008 was nearly the end of the road. First came the record-breaking rise of gas prices this summer. Next came the end of leasing. Then, the credit ma

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For the auto sector, brakes gave out in 2008 (AP via Yahoo! Finance)

December 31st, 2008
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For the auto sector -- and many of its stocks -- 2008 was nearly the end of the road. First came the record-breaking rise of gas prices this summer. Next came the end of leasing. Then, the credit markets froze and consumer confidence plunged.

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Treasury Drafts Broad Rules on More Auto Industry Aid (Update4) (Bloomberg)

December 31st, 2008
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Dec. 31 (Bloomberg) -- The U.S. Treasury drafted broad guidelines for aid to the auto industry that would let officials provide funds to any company they deem important to making or financing cars.

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Svindal and Vonn top year-end prize money rankings (Ski Racing)

December 31st, 2008
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The current Audi FIS Alpine Ski World Cup leaders are also leading the year-end prize money rankings. Aksel Lund Svindal (NOR), who has 444 overall World Cup points, has also earned more than 112 000 Swiss francs in the competitions during the 2008/09 season held until now.

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Published in Audi, Auto Manufacturer
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