Sergio Marchionne figures Ferrari is worth $11 billion. Yes, that's right: billion, with a B. And we'll soon find out as the company's IPO is just around the corner.
Looking for the best value in a new car? Better make it Japanese, according to Consumer Reports. The go-to buyer's guide has just finished compiling its list of the best values in the new-car market, and an overwhelming proportion of them hail from the Land of the Rising Sun.
Spend more for the cutting edge of luxury and style, and you could wind up taking a larger whack than most when it's time to trade in that sled. The National Automobile Dealers Association (NADA) is reporting that premium luxury vehicles actually have the highest annual depreciation rate. The reason for the stone-dropping value is that luxury car buyers tend to want the latest and greatest. The preference for the next big thing leads to owners turning in their current cars faster than people who
Australia's largest biodiesel producer, Australian Biodiesel Group, has announced that it is looking to raise AUD$15.9 million (US$12.4 million) to launch a new business plan after a difficult year in 2006. The money will be via a rights issue at 5c per share which values the company significantly below its current share price.
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