Posts tagged Euros at Autoblog

Posts with tag euros

Euro carmakers want billions in loans, too

Posted Oct 5th 2008 11:07AM by Alex Nunez
Filed under: Euro, Government/Legal

This week, Detroit got its $25B ~~bailout~~ loan approved by Washington, and according to The Wall Street Journal, European carmakers are making like this is a game of "Simon Says." The Journal reports that Fiat has proposed the idea of hitting up the European Commission for €40 billion ($55B USD) to help the European auto industry make the move to cleaner, greener cars ahead of the strict new emissions regulations currently being bandied about. Like we said, this rationale is very similar to the one Motown used to get its money.

Fiat's grand idea was presented to other automakers at the ACEA meeting on Friday, and according to a spokesman for the automaker, "All European carmakers agree on the [€40 billion] demand." What a shocker. Said demand hasn't been formally made to EC bigwigs yet, but the lobbying is obviously well underway.

[Source: The Wall Street Journal]

Schumi's retired, but he still makes more than you

Posted Dec 20th 2007 4:55PM by Noah Joseph
Filed under: Motorsports, Marketing/Advertising, Earnings/Financials

For a retiree, Michael Schumacher sure has been getting a lot of press lately. If he's not testing prototypes for Ferrari, he's taking on rivals in the Race of Champions or getting in trouble with the fuzz for driving a taxi. But the 7-time world champion is also making an awful lot of money for someone who isn't even working.

Thanks to continued partnerships with some of Schumacher's biggest sponsors, the driving superstar is expected to pull in a staggering €35 million over the next seven years, taking his sponsorship deals through 2014.

Schumi's manager Willi Weber has been hard at work maintaining the commercial relationships with such big sponsors as Shell, Omega and Deutsche Vermogenberatung. At this year's RoC, the champ wore a white, black and orange suit decked out in sponsor's logos instead of the scarlet he wore while driving for Ferrari.

[Source: F1-Live, Photo by Ryan Pierse/Getty]

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