It might finally be time to say goodbye to Government Motors, because General Motors is buying back $5.5 billion of the common stock that the U.S. Treasury currently owns. GM will be paying $27.50 per share, which is a 7.9% premium over its most recent trading price prior to the announcement, but is a 17 percent discount vs. GM’s $33.00 IPO price in 2010. Of note, the price that GM is paying for its own shares is also about half of the $52.39 the shares would have to be in order for Treasury to break even on its “investment” in GM.
When Infiniti first announced its ambitious new naming scheme for all of its models several days ago, The company received quite a bit of feedback from critics and angry Infiniti buyers who went up in arms against the idea and voiced their displeasure. In response to this passionate feedback, Infiniti president Johan de Nysschen has released a brief memo which explains why the company felt the changes were necessary and how they could help the company in the near future.
Five years ago, visitors to the Middle East International Motor Show, in Dubai, were asked, ‘What is your dream car?’
‘BMW,’ they replied. Mercedes followed, then Lamborghini.
Back then, these luxury cars were unaffordable. Even if you could afford them, there was still the .
However, times have changed.
BMW has given fans of its stylish two seat roadster an early Christmas present with the unveiling of the 2014 Z4 Roadster, which brings a number of exterior and interior tweaks to the Z4 formula for the 2014 model year.
Here at 100 Techshake Plaza, we often get offers of product samples to evaluate. We don’t always accept these offers, but when we feel that there may be an opportunity to solve a problem we’re facing, we do say yes.
In the case of ScratchPro, my wife’s 2008 Sienna had a few scuffs that I wanted to deal with when I was offered a sample of ScratchPro in early 2011, so I requested a product sample. A few days later, it arrived. And since April 2011, I have not touched the package. It has rested on a forgotten corner of a shelf in my garage. The scratches were still on my wife’s van, but as the van ages (we just hit the five year mark earlier this month), minor scratches bother me less and less.
Over the years, Infiniti’s management has made some head-scratching moves. The brand, launched around the same time as Lexus, decided to show rocks and trees – and not the actual products – as it launched, which led potential buyers to wonder just what the heck Infiniti was. Now, Infiniti has a decent – albeit not full – lineup consisting of the G and M cars, and EX, JX, FX, and QX crossovers, all with model names that describe their engine displacement, so it must be time to blow things up.
Sometimes things sound better on paper than they do in the real world. Take the Pontiac Aztek, for instance.
Techshake was invited to the global media launch for the all-new 2013 Volkswagen Beetle Convertible in Los Angeles. As an east coast dweller, the notion of visiting sunny Southern California in late November certainly had appeal. Plus, I’d have the opportunity for my first-ever visit to the Los Angeles Auto Show if I could work out my schedule. Well, everything worked out schedule-wise, but the sunny weather turned into an uncharacteristically long wet spell for the area. I never bothered to check the weather forecast before departing; I just assumed that Santa Monica and Malibu would have beautiful convertible weather. Or not.
BMW has officially unveiled the latest member of the M series family the 2014 M6 Gran Coupe which promises to bring a balanced mix of luxury and world class performance to enthusiasts when it makes its debut at the 2013 North American International Auto Show next month.