GM's European Sale Still Not Finalized
Part of General Motors bankruptcy resolution is to sell its two European factories, Vauxhall in the UK and Opel in Germany.
Despite the urgency, and many months after the initial expressions of interest closed, they still can’t get the deal across the line, even though there are two final bidders, RHJ International from Belgum and Magna, a Canadian car parts group.
The Joys Of Buying A Car
A rather amusing email has been doing the rounds recently, and we just couldn’t let it pass us by without posting it for you to read.
“Recently, my wife and I decided that it was time to buy a new car. My own car had grown so dilapidated that I was depreciating our property value every time I pulled into the garage.
Concours Sendup
Next week the World’s most famous Concours D’Elegance gets underway at Pebble Beach, California.
Cars worth millions of dollars each are displayed in all their finery – owners, too!
Cash For Clunkers Runs Out Of Cash
The one billion dollars allocated to President Obama’s ‘Cash for Clunkers’ scheme has already been exhausted just a few weeks after its introduction.
Officially called the Car Allowance Rabate System, or CARS, the Obama initiative is designed to help both the US economy and the environment by offering generous trade-ins for old gas guzzlers in exchange for new fuel efficient cars and trucks. Owners receive federal subsidies of up to US$4500 for their old vehicles.
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