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Should I Buy a Car with Cash?
The car-buying process is a frustrating chore; it’s stressful, takes hours of precious time and once you finally seal the deal you’re never certain if you got screwed like a box of Phillips-head fasteners. But before you sign your life away, is it better to finance a vehicular purchase or pay cash? Not surprisingly the…
Saab To Resume Production After Short Term Loan
With Saab parent company Spyker Cars having secured a 30 million euro short-term loan, Saab vehicles will now resume production after a payment dispute with suppliers forced them to suspend their operations. Saab CEO Victor Muller released a statement to the media, remarking “I would like to apologize to our dedicated employees, suppliers, dealers and customers…
Lotus Rejected By British Government In Quest For Funding, New Esprit May Be Built Outside UK
Lotus may build their next generation Esprit sports car outside of the United Kingdom after its request for a $50 million loan to build a new factory was rejected by an investment arm of the British government. The loan was intended for a new factory in the Norfolk area of Britain, which would employ 1200…
General Motors to Announce Complete Loan Payback Today
General Motors CEO Ed Whitacre is expected to announce today that the automaker has already paid off all of its $6.7 billion in loans to the U.S. and Canadian governments. Back in November, GM announced it would begin paying back the loans and today Whitacre is scheduled to make the announcement that the remaining $5.8…
