The Truth About Cars » Cash http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 28 Apr 2016 15:30:39 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Volkswagen Planning Capital Push to Raise Money For Scandal http://www.thetruthaboutcars.com/2015/10/volkswagen-planning-capital-push-raise-money-scandal/ http://www.thetruthaboutcars.com/2015/10/volkswagen-planning-capital-push-raise-money-scandal/#comments Thu, 01 Oct 2015 17:00:58 +0000 http://www.thetruthaboutcars.com/?p=1186002 Volkswagen may issue preferred shares to help raise money to deal with its growing diesel scandal, Reuters reported. The German automaker may cut costs and boost cash flow before resorting to offering parts of the company to outside investors. According to the report, VW may find some willing investors to help bail the company out of its […]

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Volkswagen may issue preferred shares to help raise money to deal with its growing diesel scandal, Reuters reported. The German automaker may cut costs and boost cash flow before resorting to offering parts of the company to outside investors. According to the report, VW may find some willing investors to help bail the company out of its […]

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Report: Tesla Losing $4,000 on Each Car, and is Burning Cash Faster http://www.thetruthaboutcars.com/2015/08/report-tesla-losing-4000-on-each-car-and-is-burning-cash-faster/ http://www.thetruthaboutcars.com/2015/08/report-tesla-losing-4000-on-each-car-and-is-burning-cash-faster/#comments Sun, 09 Aug 2015 15:00:48 +0000 http://www.thetruthaboutcars.com/?p=1136986 After Tesla Motors announced last week that it had lost $184 million in the second quarter of this year on lower vehicle deliveries and higher spending on its factory ahead of a new model, analysts say the company could have a bumpier road ahead if it can’t raise cash soon. According to a Reuters report, Tesla […]

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After Tesla Motors announced last week that it had lost $184 million in the second quarter of this year on lower vehicle deliveries and higher spending on its factory ahead of a new model, analysts say the company could have a bumpier road ahead if it can’t raise cash soon. According to a Reuters report, Tesla […]

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Is Jeep Carrying The Rest of FCA? http://www.thetruthaboutcars.com/2015/06/is-jeep-carrying-the-rest-of-fca/ http://www.thetruthaboutcars.com/2015/06/is-jeep-carrying-the-rest-of-fca/#comments Mon, 29 Jun 2015 19:41:59 +0000 http://www.thetruthaboutcars.com/?p=1102393 Jeep is looking at global growth upwards of 20 percent this year to 1.2 million units and that’s before the brand truly ramps up in China. Could it be possible Jeep’s success is hiding what ails other brands at the newly-formed Fiat Chrysler Automobiles? Jeep is on track to record a best ever year in 2015 […]

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Jeep is looking at global growth upwards of 20 percent this year to 1.2 million units and that’s before the brand truly ramps up in China. Could it be possible Jeep’s success is hiding what ails other brands at the newly-formed Fiat Chrysler Automobiles? Jeep is on track to record a best ever year in 2015 […]

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Bribery Overload at The 24 Hours of LeMons http://www.thetruthaboutcars.com/2014/12/bribery-overload-24-hours-lemons/ http://www.thetruthaboutcars.com/2014/12/bribery-overload-24-hours-lemons/#comments Tue, 02 Dec 2014 12:54:37 +0000 http://www.thetruthaboutcars.com/?p=954097   Though I’ve been a Judge at The 24 Hours of LeMons for over 5 years now, it wasn’t until a brush with Stevens-Johnson Syndrome that I decided to amp up my Mad Bribery Skills. Not just with cash, that’s horribly un-entertaining unless it involves getting busted F1 style.  So like any good criminal, let […]

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  Though I’ve been a Judge at The 24 Hours of LeMons for over 5 years now, it wasn’t until a brush with Stevens-Johnson Syndrome that I decided to amp up my Mad Bribery Skills. Not just with cash, that’s horribly un-entertaining unless it involves getting busted F1 style.  So like any good criminal, let […]

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Fiat Bitten By Financial Watchdog http://www.thetruthaboutcars.com/2012/10/fiat-bitten-by-financial-watchdog/ http://www.thetruthaboutcars.com/2012/10/fiat-bitten-by-financial-watchdog/#comments Mon, 08 Oct 2012 13:39:38 +0000 http://www.thetruthaboutcars.com/?p=462992 Fiat says it sits on a 22.7 billion euro cash pile. CONSOB, the Italian equivalent of the SEC, told Fiat to explain “size and purpose” of its cash position, says Il Messagero in Rome. Fiat says it is not aware of an alleged probe, and that any suggestion that its cash pile was lower than […]

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Fiat says it sits on a 22.7 billion euro cash pile. CONSOB, the Italian equivalent of the SEC, told Fiat to explain “size and purpose” of its cash position, says Il Messagero in Rome. Fiat says it is not aware of an alleged probe, and that any suggestion that its cash pile was lower than […]

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The Autobiography Of BS©: How I Paid A Car In Cash http://www.thetruthaboutcars.com/2010/11/the-autobiography-of-bs%c2%a9-how-i-paid-a-car-in-cash/ http://www.thetruthaboutcars.com/2010/11/the-autobiography-of-bs%c2%a9-how-i-paid-a-car-in-cash/#comments Tue, 23 Nov 2010 14:22:02 +0000 http://www.thetruthaboutcars.com/?p=374083 Due to the animated discussion of distribution models and dealer profits, I’ll resurrect The Autobiography Of BS© – just for this one time. As all the other stories, the story is true. Even the name wasn’t changed. Harry is still alive and well. I just did make sure. It was a Friday. At the tender […]

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Due to the animated discussion of distribution models and dealer profits, I’ll resurrect The Autobiography Of BS© – just for this one time. As all the other stories, the story is true. Even the name wasn’t changed. Harry is still alive and well. I just did make sure. It was a Friday. At the tender […]

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GM’s IPO: For King, Country, or Cadillac? http://www.thetruthaboutcars.com/2010/07/gms-ipo-for-king-country-or-cadillac/ http://www.thetruthaboutcars.com/2010/07/gms-ipo-for-king-country-or-cadillac/#comments Thu, 15 Jul 2010 19:38:43 +0000 http://www.thetruthaboutcars.com/?p=360935 After ending the first quarter of this year with $35.7b in cash and equivalents, GM was in the best position it’s enjoyed in decades. And yet, with an IPO prospectus looming, The General is seeking a $5b line of credit and trotting out EBITDAPRO as its in-house measure of financial success. Both of these tactics […]

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After ending the first quarter of this year with $35.7b in cash and equivalents, GM was in the best position it’s enjoyed in decades. And yet, with an IPO prospectus looming, The General is seeking a $5b line of credit and trotting out EBITDAPRO as its in-house measure of financial success. Both of these tactics […]

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A Marchionne Miracle! Chrysler Generates Cash http://www.thetruthaboutcars.com/2010/06/a-marchionne-miracle-chrysler-generates-cash/ http://www.thetruthaboutcars.com/2010/06/a-marchionne-miracle-chrysler-generates-cash/#comments Sun, 13 Jun 2010 13:26:42 +0000 http://www.thetruthaboutcars.com/?p=358777 Last Friday, Chrysler celebrated the first anniversary of its miraculous emergence from bankruptcy. What did the employees get in observance of this occasion? A watch? A bonus? They received an email. From Sergio Marchionne himself. In the email (a copy of which had been forwarded to Reuters), Sergio assures the worker bees that Chrysler is […]

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Last Friday, Chrysler celebrated the first anniversary of its miraculous emergence from bankruptcy. What did the employees get in observance of this occasion? A watch? A bonus? They received an email. From Sergio Marchionne himself. In the email (a copy of which had been forwarded to Reuters), Sergio assures the worker bees that Chrysler is […]

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Ford Completes $13.2b Health Care Liability Transfer To VEBA http://www.thetruthaboutcars.com/2010/01/ford-completes-13-2b-health-care-liability-transfer-to-veba/ http://www.thetruthaboutcars.com/2010/01/ford-completes-13-2b-health-care-liability-transfer-to-veba/#comments Mon, 04 Jan 2010 23:04:17 +0000 http://www.thetruthaboutcars.com/?p=340712 Ford has wrapped up some much-needed financial wrangling today, as it struggles with with its monstrous pile of debt. According to Automotive News [sub], Ford transferred $13.2b in debt and about $4b in cash to the UAW-run health care trust fund, completing a long-awaited liability consolidation. $1.4b of the transfer was a scheduled payment on […]

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Ford has wrapped up some much-needed financial wrangling today, as it struggles with with its monstrous pile of debt. According to Automotive News [sub], Ford transferred $13.2b in debt and about $4b in cash to the UAW-run health care trust fund, completing a long-awaited liability consolidation. $1.4b of the transfer was a scheduled payment on […]

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$13.6 Billion Remaining in GM’s Bailout Escrow Account http://www.thetruthaboutcars.com/2009/11/13-6b-remaining-in-gms-bailout-escrow-account/ http://www.thetruthaboutcars.com/2009/11/13-6b-remaining-in-gms-bailout-escrow-account/#comments Tue, 03 Nov 2009 00:36:19 +0000 http://www.thetruthaboutcars.com/?p=333843 \ GM was given its last $30B of taxpayer money as it entered bankruptcy in early June of this year. By the time GM exited Chapter 11 protection on July 10, there was only $16.4B left in its bailout escrow account. According to an 8-K form filed today with the SEC, GM now has only […]

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\ GM was given its last $30B of taxpayer money as it entered bankruptcy in early June of this year. By the time GM exited Chapter 11 protection on July 10, there was only $16.4B left in its bailout escrow account. According to an 8-K form filed today with the SEC, GM now has only […]

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September Sales Rate Lowest in 28 Years? http://www.thetruthaboutcars.com/2009/09/september-sales-rate-lowest-in-28-years/ http://www.thetruthaboutcars.com/2009/09/september-sales-rate-lowest-in-28-years/#comments Sat, 19 Sep 2009 15:37:08 +0000 http://www.thetruthaboutcars.com/?p=330052 Automotive News [sub] brings glad tidings for auto execs drunk on Clunkers: “September’s light-vehicle sales rate will fall to 8.8 million units, consumer auto site Edmunds.com said. That would be the lowest rate in nearly 28 years, tying the worst demand on record.” Well, I did predict an 8m seasonally-adjusted annual sales (SAAR) rate. But […]

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Automotive News [sub] brings glad tidings for auto execs drunk on Clunkers: “September’s light-vehicle sales rate will fall to 8.8 million units, consumer auto site Edmunds.com said. That would be the lowest rate in nearly 28 years, tying the worst demand on record.” Well, I did predict an 8m seasonally-adjusted annual sales (SAAR) rate. But […]

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