Category: High Finance

By on March 10, 2014

145640_cars_KJH_

A combination of income tax refunds issued in January and February with accessible financing have boosted used-car prices overall in the first two months of 2014.

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By on February 28, 2014

Florist Vans

In a sign the broader economy is on an upswing, small business owners who use commercial vans in their business are replacing their aging equipment with new vans, fueling a boom not seen since the start of the Great Recession.

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By on February 27, 2014

Tesla Gigafactory

After months of speculation, Tesla drew back the curtain on their most ambitious project to date, the Gigafactory.

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By on February 27, 2014

Ford Glass House

In anticipation of heavy spending this year and beyond, Ford is seeking a line of credit expansion totaling $12 billion.

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By on February 27, 2014

nikola-tesla

Tesla’s shares roared to over $250 on Tuesday February 5th, amid release of financial results. Tesla’s 8-K regulatory filing highlights a record 6,892 Model S’s sold, non-GAAP earnings of $46M ($0.33 on a per share basis), and projected vehicle delivery growth of 55% among others. The shares are currently trading just above the $260 during after-hours trading.

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By on February 26, 2014

Bob King

With declining membership and fees paired with a defeat in a close election recently held at Volkswagen’s plant in Chattanooga, Tenn., the Detroit Three fear the United Auto Workers not only have no future, but their replacement would bring back the days of turmoil settled over a decade before.

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By on February 25, 2014

fusion

As inventories of Ford’s Fusion continue to outpace demand — the result of a second plant brought online last year to keep up with demand for the newly redesigned midsize sedan — the automaker has been raising incentives to move more Fusions out of the lot.

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By on February 21, 2014

China’s Ministry of Industry and Information Technology, in line with President Xi Jinping’s desire for opening the domestic economy to private and foreign investors, plans to relax restrictions on foreign ownership of joint ventures with local automakers in the face of those warning such a move would be the beginning of the end of the Chinese local auto industry.

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By on February 21, 2014

Dongfeng Peugeot 308

The PSA Peugeot Citroen-Dongfeng-French government deal agreed upon by the three parties earlier this week received initial backing from the European Union, though skepticism remains as to whether the deal will bring stability to the ailing French automaker.

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By on February 20, 2014

tesla-model-s-01

Tesla announced their Q4 2013 earnings saw a total net loss of $16 million while pulling in an annual revenue of $2 billion on the strength of higher sales and more efficient manufacturing methods.

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By on February 20, 2014

New Suckers At The Stock Photo Dealership

Just as total auto loan balances in Q4 2013 climb to $798.5 billion, the United States Chamber of Commerce has called upon the Consumer Financial Protection Bureau to draw up a detailed compliance guide for auto lenders returning to the fray.

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By on February 18, 2014

Peugeot China 508

The founding family behind PSA Peugeot Citroen has approved the 3 billion euro ($4.1 billion USD) deal between the French government and Chinese automaker Dongfeng just an industry analyst penned an open letter for PSA chairman Thierry Peugeot to reconsider before it becomes too late to turn back.

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By on February 14, 2014

2013 Chrysler Town and Country

Fiat Chrysler Automobiles NV boss Sergio Marichonne, in talks with federal and provincial governments in Canada for loans to help prepare their factories in Windsor and Brampton, Ontario for new vehicle production, may come to a decision about moving forward with plans for where new minivans will be built by the end of March 2014.

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By on February 13, 2014

dongfeng-peugeot-citroen

PSA Peugeot Citroen, Dongfeng and the French government have reached an outline deal to raise $5.5 billion in capital through a planned share sale in a last-ditch effort by PSA to remain alive after General Motors walked out of a similar deal over the Iranian market last year.

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By on February 13, 2014

Auto Worker at Japanese Honda Factory

Labor unions across Japan are seeking increases in base salaries and bonuses as local manufacturers pull in record profits for the closing fiscal year.

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