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In seeking proposals to manage its initial public offering, the automaker asked banks to consider using some of the underwriting fees to subsidize the purchase of GM vehicles.

Tags: Automaker, Banks, Gm, Gm Vehicles, Initial Public, Ipo, IPO In, Proposals, Sell Cars, Shares, Whitacre

AvtoVAZ is gearing up for what may prove a make-or-break rescue plan as the government, state-controlled banks and Renault deliberate its future. The maker of Lada cars has racked up first-half losses of 19.4 billion rubles ($667.1 million).

Tags: 1 Million, Avtovaz, Banks, Break, Faces, Government State, Lada Cars, Losses, Renault, RUB, Rubles, Russia, USD

The National Automobile Dealers Association has run into a new stumbling block in its bid for a legislative exemption for dealerships from oversight by a proposed new consumer agency.

Tags: Automobile Dealers Association, Banks, Bid, Faces, Nada, National Automobile Dealers, National Automobile Dealers Association, Oversight, Regulatory Bill, Stumbling Block

Russia’s AvtoVAZ does not rule out bankruptcy if it is unable to reach a deal with banks on debt restructuring, a company official said today during a presentation at the carmaker’s headquarters in Togliatti.

Tags: Avtovaz, Bankruptcy, Banks, Carmaker, Russia

A federal program meant to guarantee floorplan financing for dealers is off to a rocky start. Even with the guarantee, banks aren’t lending. After four months, only three small dealerships have been approved for a total of $4.

Tags: Banks, Federal Program, Floorplan, Four Months, Guarantee, Rocky Start, Sba

Kia Motors Corp’s U.S. sales unit has raised $305 million in an asset-backed loan from six U.S. banks to refinance maturing debt, officials at South Korea’s No.2 automaker said today.

Tags: Automaker, Banks, Kia, Kia Motors Corp, Refinance, S Sales, South Korea, United States, USD

Kia Motors Corp’s U.S. sales unit has raised $305 million in an asset-backed loan from six U.S. banks to refinance maturing debt, officials at South Korea’s No.2 automaker said today.

Tags: Automaker, Banks, Kia, Kia Motors Corp, Refinance, S Sales, South Korea, United States, USD

General Motors’ Opel brand has obtained a loan guarantee from Spain but still needs 2.6 billion euros from Germany, the head of GM Europe said today. “We need a guarantee for more than 3.3 billion euros in Europe in order to get loans from banks.

Tags: Banks, EUR, Europe, Euros, Financial Aid, General Motors, General Motors Opel, Germany, Gm, Gm Europe, Loan Guarantee, Loans, Spain, Spain General, Spain General Motors, Wins

If, as expected, General Motors’ auditors question the automaker’s ability to remain viable, that could set off a chain reaction resulting in banks’ canceling loan agreements with GM’s suppliers, industry and accounting officials said today.

Tags: Accounting, Automaker, Banks, Chain Reaction, General Motors, Gm, Loan Agreements, Solvency

If, as expected, General Motors’ auditors question the automaker’s ability to remain viable, that could set off a chain reaction resulting in banks’ canceling loan agreements with GM’s suppliers, industry and accounting officials said today.

Tags: Accounting, Auto Makers, Auto Parts, auto-parts makers, Automaker, Banks, Chain Reaction, General Motors, Gm, Loan Agreements, Solvency

WASHINGTON (Reuters) — The U.S. government is still studying how to help the ailing Detroit 3 with cash earmarked for banks, officials said today. They gave no hints that a rescue was imminent.

Tags: Banks, Detroit, Feds, Government Help, Reuters, U.S. government, United States, Washington