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finances

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    Tata looking to raise £1 billion to keep Jaguar, Land Rover going
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    We don't know how many times through the millennia one gentleman has told another, "Be careful with her – she's beautiful, but she's expensive." We would like to know if Alan Mullaly offered that warning to Ratan Tata (above) before the latter bought Jaguar and Land Rover (JLR). As with the ...

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    F1 teams spent over $3 billion, Toyota the most
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    While we knew Formula 1 racing was an expensive venture, leave it to the 2008/2009 edition of Formula Money to spell-out the jaw-dropping finances for us. According to their latest guide, the supporting cast will shell out over $3 billion this year in team resources -- with Toyota dropping more ...

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    Chrysler Financial turns the screws on dealers
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    It's not getting any easier to be a Chrysler-Dodge-Jeep dealer. Last month, when Chrysler Financial asked banks and investors to renew their $30 billion line of credit, they came up about $6 billion short. To make matters worse, the investors forced the automaker to follow much tighter financial ...

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    Analyst: GM 'In a battle for their life'
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    According to the Center of Automotive Research (CAR), General Motors is the trauma patient with doctors gathered around the gurney giving their all to save it -- and just outside the ER doors, nurses are holding back concerned parties and shouting "It's better that you don't see!" CAR Chairman Dave ...

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    Chrysler Financial scores $24B line of credit
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    It's up and down, but nowhere near out for Chrysler, LLC. The Big Three's smallest sibling says that it's ahead of internal estimates and has posted earnings in excess of one billion for the first half of '08. True, the company also posted a $510 million loss in Q1 according to minority shareholder ...

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    Running of the bull: Lamborghini quadruples its first-half profit
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    A little bit ago, Stephan Winkleman was declaring that, as far as Lamborghini goes, "the results will speak for themselves." Now, he is proved right. These are the kinds of black and white numbers -- especially black -- that any business salivates at the chance to tell analysts: in all of 2006 ...

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    We can't count: GM admits internal accounting is off
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    If you pay attention to the Business section of the newspaper, then you're no doubt aware of how many public companies have been restating their earnings as of late. You can thank the Sarbanes-Oxley Act of 2002 for that, which was passed in the wake of accounting scandals at such companies as ...

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    Mitsubishi to seek compensation from DCX for SMART ForFour cancellation
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    Following DaimlerChrysler's announcement that it will be stopping production of the SMART ForFour sedan, partner Mitsubishi Motors Corp. has stated it will end production at the company's Netherlands plant as well. The Japanese automaker still plans to manufacturer engines for DCX's SMART ...

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    ZAP zips Smart car sales up to a record month
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    On Tuesday, ZAP, makers of the micro Smart Cars (not to be confused with the smart cars by DaimlerChrysler) posted sales totaling $2.3 million since inception according to the company. Said Steve Schneider, ZAP CEO, "The purpose of this announcement is to let the world know that we are ...

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