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Chrysler repays $7.6 billion in outstanding U.S., Canadian loans

Chrysler on Tuesday repaid $7.6 billion in loans to the U.S. and Canadian governments, nearly two years after the No. 3 automaker was rescued.

PPG Design Challenge

Global supplier PPG Industries presented its Design Challenge awards at the 2008 Detroit Auto Show in January. The annual automotive glass design competition called for students to design a vehicle for a 20-something male named Matt - a recent college graduate beginning his career - whose vehicle needed to be image-enhancing and reliable. Taking inspiration from golf, bamboo charcoal and catamaran boats, 26 transportation design sophomores presented concepts that demonstrated the versatility of glass in providing unique styling as well as utility, comfort and convenience.

Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.