National Electric Vehicle Sweden (NEVS), the financially struggling company resurrecting the Saab brand, issued a statement saying that while it does not have enough liquid cash as today to pay all outstanding debt, it is not insolvent; its assets are larger than its debt.
Category Archives: Useful Information
Peugeot edging closer to rejoining CAC-40 stock index
Peugeot, whose losses led to a French government-backed bailout earlier this year, may already be close to an important recovery milestone: a return to the country’s benchmark CAC-40 stock index.
Land Rover recalls 46,515 SUVs in U.S., Canada for air bag issue
by Ben Klayman
Jaguar Land Rover is recalling 46,515 Land Rover sport utility vehicles in the United States and Canada because the front passenger air bag may not deploy due to a part failure, according to documents filed with U.S. safety regulators.
Europe group questions China antitrust probes
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms.
Fiat’s Chrysler merger payout cap won’t be waived or raised
Fiat will not call a shareholders’ meeting to waive or raise the €500 million ($668 million) limit it has set for paying out dissenters in its merger with Chrysler, the carmaker said Tuesday.
CEO Sergio Marchionne wants to incorporate the two carmakers into Dutch-registered Fiat Chrysler Automobiles, paving the way for a U.S. listing to help fund an ambitious investment plan at the world’s No. 7 auto group.
