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GM's Liquidation Motors stock reportedly still worth $370M, can't be sold short
When General Motors entered into Chapter 11 bankruptcy over the summer, its bad assets were moved into a firm called Motors Liquidation Company (MLC). That company was capitalized with more than 600 million shares that were meant to be worthless; however, quite the opposite has happened: with its shares priced at $0.60 per, MLC now has a market cap of $370 million. How did that happen? Investors engaged in "naked short-selling" is how it happened. Short sellers usually procure an actual 'tangible' stock from a broker or investment house ... Read more →
REPORT: Major obstacle cleared as Swedish government to guarantee $615M EIB loan for Saab Jonathon Ramsey
A major hurdle in Saab's transfer to the homegrown hands of Sweden's Koenigsegg has been surmounted: the Swedish government has agreed to guarantee a 4.3 billion kroner ($615M U.S.) loan from the ...
Chrysler Financial scores $24B line of credit Jonathon Ramsey
It's up and down, but nowhere near out for Chrysler, LLC. The Big Three's smallest sibling says that it's ahead of internal estimates and has posted earnings in excess of one billion for the first ...
Way Forward 2.0 today? Erin Mays
Now that Ford's got a new captain at the helm, it's full steam ahead for the "Way Forward." According to Reuters, Ford's board of directors will be instituting the second stage of its plan and is ...
Bad credit? No credit? Ford doesn't care with new 0-72 loans Frank Filipponio
Facing the ignominy of huge dealer inventory and falling behind Toyota for 2nd place in July sales, Ford has decided to let anybody with a pulse finance one of its cars. Well, you do have to have some ...
Featured:Review:2009 Audi A8L requiem for a heavyweight
Featured:First Drive:2011 Buick Regal prototype looks to be a good sport-
Breaking:
LA Preview: 2011 Chevy Cruze finally unveiled in U.S.-market trim
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Happy Thanksgiving! Autoblog is grateful for...
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Breaking:
BREAKING: Toyota to recall 3.8M vehicles to reshape and replace pedals
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Green:
Quick Spin: Nissan Leaf the tip of mass market EV spear
Breaking news:
- LA Preview: 2011 Chevy Cruze finally unveiled in U.S.-market trim BREAKING: Toyota to recall 3.8M vehicles to reshape and replace pedals BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air First official shots of new BMW 5 Series leaked online BREAKING: Schumacher likely to return to F1 racing with Mercedes
Yen rate gives Japanese automakers unfair advantage, Chrysler's LaSorda says 3 years ago on Autoblog
At the Mackinac Policy Conference in Michigan on Thursday, Chrysler president and CEO Tom LaSorda said he plans to call on George W. Bush to confront Japan about an artificially low yen rate that he maintains unfairly allows Japanese automakers up to a $3,000 advantage per vehicle ...
Autoblog Podcast #154: Gobbling up the News
Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.
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| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Noah Joseph | 105 | 0 |
| 2 | Jonny Lieberman | 88 | 0 |
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| 4 | Chris Shunk | 66 | 1 |
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| 14 | Alex Nunez | 18 | 8 |
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| 18 | Domenick Yoney | 2 | 0 |
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