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Only a few weeks after first learning about the talks between General Motors and PSA Group on the possible purchase of Opel/Vauxhall, Reuters reports that a deal has been reached. This afternoon, two sources told the news service the board of PSA Group approved the deal. An announcement about the purchase is expected on Monday. Also, Opel cut short a town hall meeting today at their headquarters in Ruesselsheim, Germany due to management being unable to discuss details about the potential acquisition. A town hall meeting possibly discussing this will take place on Monday morning. Details about the deal are being kept under wraps, but earlier in the week, sources revealed that the two parties had narrowed the differences on the almost $10 billion in Opel pension liabilities and other issues. Source: Reuters -
Only a few weeks after first learning about the talks between General Motors and PSA Group on the possible purchase of Opel/Vauxhall, Reuters reports that a deal has been reached. This afternoon, two sources told the news service the board of PSA Group approved the deal. An announcement about the purchase is expected on Monday. Also, Opel cut short a town hall meeting today at their headquarters in Ruesselsheim, Germany due to management being unable to discuss details about the potential acquisition. A town hall meeting possibly discussing this will take place on Monday morning. Details about the deal are being kept under wraps, but earlier in the week, sources revealed that the two parties had narrowed the differences on the almost $10 billion in Opel pension liabilities and other issues. Source: Reuters View full article
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Should Apple buy Tesla? I came across this story posted in LinkedIn "What if Elon Musk ran Apple?" and this got me to thinking about the pros and cons of if this happened what would Apple become and what would Tesla become? The story states Apple has $200 Billion in cash on hand and could easily pay the current $33 billion market price for Tesla. Story has a mistake as they talk about Tesla $20 billion on the books for the 400,000 Tesla 3 on pre order. This is actually only $13 Billion worth at the $35,000 stated price. Yet they do point out that Elon has built a couple electric auto's, new battery storage for the home, flew a space ship to the international space station and back and now can land it upright on a floating platform and he is now working on a hyperloop mass transit system for california. The story does state that Apple seems to have lost it's mojo for innovation and even with the current competent Business focused CEO, Apple is slipping off their peak of success. So SHOULD APPLE BUY TESLA? Would this be a better way for Apple to go with their own electric self driving auto than building from scratch? List out your Pro's and Con's for what you think?
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Prices of new vehicles are climbing to record highs and causing buyers to look at leases for lower monthly payments. According to CNBC, a new report from Experian Automotive found that 31.46 percent of vehicles sold in the first quarter were leased. This is up from the 24.05 percent who chose to lease five years ago. The report also reveals that that the average monthly payment for a new vehicle loan was $488, up $14. But, the average lease payment was down $7 to $405. "The difference between a monthly payment for those leasing a new vehicle versus those who buy new is almost $100," said Melinda Zabritski, senior director of Experian Automotive. "Leasing has become more popular because the price of vehicles continues to go up. Consumers are looking for lower monthly payments, which is why more of them are extending the terms of their loans." Source: CNBC View full article
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Americans Are Leasing Vehicles At A Record Number
William Maley posted an article in Automotive Industry
Prices of new vehicles are climbing to record highs and causing buyers to look at leases for lower monthly payments. According to CNBC, a new report from Experian Automotive found that 31.46 percent of vehicles sold in the first quarter were leased. This is up from the 24.05 percent who chose to lease five years ago. The report also reveals that that the average monthly payment for a new vehicle loan was $488, up $14. But, the average lease payment was down $7 to $405. "The difference between a monthly payment for those leasing a new vehicle versus those who buy new is almost $100," said Melinda Zabritski, senior director of Experian Automotive. "Leasing has become more popular because the price of vehicles continues to go up. Consumers are looking for lower monthly payments, which is why more of them are extending the terms of their loans." Source: CNBC -
According to Motor sports talk a person walked into a dealership, plunks down and sign's for a new Lime Green Hellcat and an hr later, his dream car is gone. http://motorsportstalk.nbcsports.com/2014/12/21/highway-to-hellcat-owner-wrecks-707-hp-dodge-challenger-one-hour-after-buying-it/?ocid=Yahoo&partner=ya5nbcs So ya think insurance will cover it?
