Category: High Finance

By on October 23, 2014

Mercedes-Benz B-Klasse Electric Drive – Laden / Mercedes-Benz

Over five years ago, Daimler AG acquired a 9.1 percent interest in Tesla, gaining 1,000 battery packs for its Smart EV in exchange for helping to put the Model S on the road to production.

Wednesday, Daimler sold its remaining 4 percent in the company, netting $780 million for the trouble.

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By on October 16, 2014

2009 Chevrolet Cobalt Kia Store

General Motors twice experienced the business end of a leather glove Wednesday, when over 20 million consumers demanded satisfaction via two lawsuits totalling $10 billion in claims over lost resale value as a result of the February 2014 ignition switch recall.

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By on October 13, 2014

Super GT Panasonic Toyota Prius

Just how much will Panasonic throw down on the table when it comes time to invest in Tesla’s new Gigafactory near Reno, Nev.? According to CEO Kazuhiro Tsuga, “tens of billions” of yen.

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By on October 9, 2014

car salesman battle brigade

According to National Automobile Dealers Association chair Forrest McConnell, the United States government’s plan to tighten automotive finance regulations amounts to an attempt by said government “to take away the consumer’s right to get a discount.”

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By on October 7, 2014

GM RenCen Garden

The compensation fund created by General Motors to pay claims resulting from injuries and deaths linked to a defective ignition switch found in a handful of 2003 through 2007 compact models has approved a total of 24 death claims for payout.

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By on October 6, 2014

Grand Re-Opening Of Jay-Z's 40/40 Club - Inside

Warren Buffett — no relation to Jimmy — is a lot of things: investor extraordinaire, railroad magnate, newspaper mogul, hip-hop enthusiast et al. As of last Thursday, however, he picked up a new title: master auto dealer.

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By on October 6, 2014

Ameriquest Mortgage NASCAR Nextel Cup Series Ford Fusion

The same subprime lending practices in the mortgage industry that fueled the run-up toward the Great Recession have found a new market to infect: used-car auto lending.

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By on October 1, 2014

DRN LPR Guide

Aside from GPS-equipped starter interrupt systems, lenders have another tool to repossess a vehicle, with the added benefit of using the data obtained to acquire better contracts: license plate recognition.

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By on September 30, 2014

CFPB - Consumer Financial Protection Bureau Sign

The hammer has fallen on captive automotive lenders, such as GM Financial, Ford Motor Credit and Toyota Financial Services: The Consumer Financial Protection Bureau began officially asserting its authority over them as the feds and the lenders battle over allegations of discrimination in the latter’s loan products.

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By on September 29, 2014

National-Electric-Vehicle-Sweden

With the Saab name reclaimed by the mothership, a host of financial problems, and no product beyond a 10-year-old platform, what else is left for National Electric Vehicle Sweden to do? If you said, “Tap out,” then you just might see that hand pounding the mat rather quickly.

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Recent Comments

  • Re: Chart Of The Day: 8 Years A Slave

    fvfvsix - Sure, but in Norway, you’re just financing the 125% tax levied on vehicle purchases. Canadians and Americans don’t pay that much for cars. So, a 7...
  • Re: Chart Of The Day: 8 Years A Slave

    Zykotec - The Volt, despite not really being well executed, and being built by someone who apparently don’t care if you die, is a brilliant concept and idea. I...
  • Re: Chart Of The Day: 8 Years A Slave

    Zykotec - As a Norwegian, who can just buy a new car for cash? With an average pay around 45-50k, and new midsizers (like a Golf or Focus) start at around 38k, I...
  • Re: Chart Of The Day: 8 Years A Slave

    jkross22 - My perception of Canadians having a more sensible approach to avoiding credit pitfalls just hit the circular file.
  • Re: Chart Of The Day: 8 Years A Slave

    jkross22 - I wonder if they’ll feel the same way once they have kids and see that the schools in city centers are not up to their standards. That’s how it is...
  • Re: On Tesla, Michigan And Factory Stores

    George B - My objection to dealer franchise laws is they lock in one model of how cars get sold and prevent a new entrant from coming up with a different model of how...
  • Re: Privacy Advocates Take Law Enforcement To Task Over Handling Of License Plate Data

    petezeiss - Yes Sir/Ma’am! Heeding of cynics commenced at 0035 hours CST 10/25/20014, Sir/Ma’am! (BTW,...
  • Re: On Tesla, Michigan And Factory Stores

    ect - Deadweight is right, in that Tesla has no monopoly pricing power. A friend of mine is a recently retired executive from a very large automotive OEM. He has...
  • Re: 2017 Jeep Wrangler To Remain Body-On-Frame

    crazycarlarry - I think plastic would be a better choice for a Jeep body than aluminum. Amazing new chemistries and molding technologies these days. I Just hope...
  • Re: Chart Of The Day: 8 Years A Slave

    Arthur Dailey - My eldest moved from our suburban home to a downtown condo, so that she could walk to work. The entire building is full of under 30’s, all working,...

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