Last month, Tesla made a splash by offering a resale value guarantee on the Model S, stating it would be higher than that of a Mercedes-Benz S-Class. However, Tesla is upping the ante by offering the best resale value of almost any luxury auto maker.
According to a report released by Experian Automotive, Toyota was the most financed automaker in the third quarter of 2012.
Nissan is lending a helping hand to victims of Hurricane Sandy. Individuals living in FEMA-designated disaster and emergency areas are eligible for employee pricing as well as discounted financing.
There’s nothing worse in a salesman’s world than having a product almost nobody wants, which is why GM and Nissan are offering slashed lease rates on the Volt and Leaf.
U.S. private equity firm North Street Capital will give Saab a $70 million investment, including an equity stake worth $10 million and a $60 million loan to the ailing car maker.
With Chinese-backed financing looking increasingly unlikely, the investment from North Street Capital, a firm run by auto enthusiast Alex Mascioli, will give Saab the resources it needs to (literally) keep the lights on at their facilities. The Chinese government has yet to approve the bridge loan being offered by both Zhejiang Youngman Lotus Automobile Co and Pang Da, and Saab’s owners fear that full payment will not be received on the October 22nd due date.
[Source: Automotive News]
