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Chevrolet Cruze Sedan

The $11.2-billion loss includes a $826-million write-off in March from government investments in the “Old GM” before the company’s 2009 bankruptcy, the report said. The U.S. government spent $49.5 billion to bail out GM, and after the company’s bankruptcy in 2009, the government’s investment was converted to a 61 percent equity stake in the company. The Treasury gradually sold off its stock in GM, selling its last shares in December 2013.

...continue reading "General Motors Bailout Cost Taxpayers $11.2 Billion"

How much is Overstock.com worth, without its Medici Ventures subsidiary? Brittain Ladd doesn't offer any estimates in this Forbes piece, but he does give us a really interesting list of potential suitors for the company.

An idea I have come up with is the potential of FedEx, UPS or XPO Logistics acquiring Overstock. I conduct research on e-commerce globally and I have identified the value of large transportation companies becoming retailers.

What's interesting to me about this potential scenario is that Amazon is the best logistics company in North America. They're a great retailer because of their logistical prowess, not the other way around. Could another logistics company step into the retail space? You bet! But they better hit the ground, running.

Difficult to see how the two year-old residual value of these cars is going to support this program, but it sure looks like a good deal for the consumer.

Leases under Care by Volvo start at $650 a month for 24 months for the XC40 T5 Momentum...The service lets users drive up to 15,000 miles per year...The monthly fee covers maintenance and wear coverage, 24/7 concierge service and roadside assistance, plus insurance.

Autoblog

Bad beer wars...

The case has high stakes for Pabst, whose lawyers argue that the company's very existence relies on the partnership with Chicago-based MillerCoors, which produces, packages and ships nearly all its products, which include Pabst Blue Ribbon, Old Milwaukee, Natty Boh and Lone Star. MillerCoors, meanwhile, says it's not obligated to continue brewing for Pabst and that Pabst doesn't want to pay enough to justify doing so.

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