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Bad Axe, Michigan, United States
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Bristol in administration: sale expected in days
Tue, 12 Apr 2011Bristol Cars could be sold within days, as the administrators are in exclusive talks with one bidder, CAR has learned. Several parties expressed an interest in the failed car maker, which collapsed into administration on 3 March 2011. Recovery specialist RSM Tenon is handling the sale and has reported a flurry of interest in Bristol Cars.
Chevy Volt will do 230mpg
Tue, 11 Aug 2009GM are claiming 230 mpg for the Chevy Volt The premise is that the vast majority of buyers for the Chevy Volt will do no more than 40 miles a day. Which just happens to be the range that the Volt has. So I suppose they could have worked out the cost of the electricity to fully charge the Volt, converted that in to the cost of petrol and come to the conclusion that it does 230mpg.
Logbook loans signal increasing debt risk
Mon, 23 Jun 2014CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.