Category: High Finance

By on January 16, 2015

Elon Musk

Tesla shareholders felt lighter Wednesday after the automaker’s stock price fell from just over $200/share to $186.09/share after CEO Elon Musk’s announcement at the 2015 Automotive News World Congress in Detroit — held during the 2015 Detroit Auto Show — that his company wouldn’t be profitable until the start of the 2020s.

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By on January 15, 2015

1995 Acura Integra VTEC engine

Honda announced Tuesday it would invest $340 million into its Anna, Ohio engine plant to help increase production of its family of fuel-efficient engines.

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By on December 30, 2014

Seal_on_United_States_Department_of_the_Treasury_on_the_Building

The final tally is in: American taxpayers lost $9.26 billion from the Bush II/Obama-led rescue of the U.S. auto industry.

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By on December 22, 2014

ally-stock-exchange-banner-Article-201404101441

With its GMAC Financial leather jacket burning in the closet while a supermodel lip-syncs in the tub, Ally Financial is at last free from government ownership.

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By on December 15, 2014

2015-ford-f-150-in-detroit-rear-side-view

Keep those Benzes, BMWs and Audis in the garage, son: $50,000-plus trucks and SUVs are where it’s at for the ballers and players these days.

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By on December 15, 2014

Randy Richardville, King of Financial Slavery in Michigan Since 2014

Michigan Senate Majority Leader Randy Richardville of Monroe, the senator behind the bill that would allow auto title loan companies to do an end-run around the state’s title loan ban by posing as pawnbrokers, proclaimed the 276-percent interest loans the title companies would provide consumers weren’t predatory.

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By on December 15, 2014

aston-martin-dbs-carbon-edition-by-wheelsandmore-photo-gallery_13

Aston Martin is preparing to crowdfund the old-fashioned way — shares and bonds — its portfolio expansion, per sources close to the automaker.

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By on December 12, 2014

gm_mexico

General Motors will invest $5 billion through 2018 into its Mexican facilities to help double production capacity.

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By on December 11, 2014

ferrari-laferrari-fxxk_100493646_l

Just as Fiat Chrysler Automobiles left Italy to escape the tax man, Ferrari is considering the same as it moves closer to leaving the nest by next October.

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By on December 11, 2014

CFPB - Consumer Financial Protection Bureau Sign

A trade group representing lenders is finding the Consumer Financial Protection Bureau’s proposal to regulate non-bank auto lenders too much to bear.

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