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January 14, 2009
GM Raising Cash with Barrett-Jackson Auction sale
General Motors is selling 200 classics and collectibles at the Barrett-Jackson Auction in Scottsdale, Arizona. Some of the cars up for sale include a one-off Buick Blackhawk, a white Cadillac DeVille Popemobile, and the Pontiac GTO from XXX.
Jan 14 2009
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Range Rover Sport 'Stormer Edition' Revealed at Boat Show (UK)
Stormer Edition will come in a limited series of only 300 production models and comes with a few added cosmetic goodies to up the luxury quotient on this premium SUV including 20-inch, 10-spoke alloy wheels and a leather seat interior.
Jan 14 2009
VW Suing California Lambo Dealership for Theft of $12 mil
Lamborghini Orange County is accused of stealing $12 million in cash from Volkswagen Credit. The money was used to purchase Lambos at wholesale, which were then sold quickly at a steep discount. Lamborghini O.C. never paid the money back.
Jan 14 2009
GM Chapter 11 may still be necessary - analyst
Deutsche Bank automotive analyst says GM may still need bankruptcy to survive. Rod Lache said in a speech to the Society of Automotive Analysts that GM holds too much debt and won't get enough concessions from bondholder to survive without bankruptcy.
Jan 14 2009
