Yesterday’s vague Japanese media reports proved right this morning, as Nissan Motor Co. announced it will purchase a 34 percent controlling stake in scandal-plagued Mitsubishi Motors.
Taking advantage of Mitsubishi’s reduced market value following the company’s admission of cheating on Japanese fuel economy tests, Nissan’s 237 billion yen ($2.2 billion) bulk buy of shares makes it the automaker’s largest shareholder.
It’s a big win for Nissan, which can take credit for exposing the gas mileage scandal less than a month ago. (Read More…)
Tens of thousands of vehicles are up for auction every week in nearly every state in this country.
With that much variety, you’re sure to find something interesting. A 30 year old Lebaron Convertible from the bad old days of Chrysler (now mine). A 38 year old Chevy stuck in the noxious funk of the malaise era (mine too).
And of course… an endless array of decade plus old Panthers. Sometimes they are taxis. Other times you find one that came straight from a livery service.