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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

Suzuki 218
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Sumitomo to acquire 25% of Hay Holding GmbH from Musashi; expanding its automotive business

Green Car Congress

Sumitomo Corporation and Musashi Seimitsu Industry Co., have reached a basic agreement on the acquisition by Sumitomo Corporation of 25% of the shares of Hay Holding GmbH, a major German manufacturer of automotive parts whose shares are all held by Musashi.

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The Six People You Meet In the Car Business

The Truth About Cars

I spent 33 years in the automobile business, the equivalent of 96 human years. Having worked for car dealerships, manufacturers, an auction house, and an auto finance company, I’m convinced there is no other industry that attracts& such a diverse cast of characters. & These are their stories.

Dealers 98
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

Green Car Congress

Guangzhou Automobile Group Co., —a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. Guangzhou Automobile Group. Qoros Auto Co. GAC Group ranks No. Click to enlarge. Qoros Auto Co.

Detroit 261