Archive for financials
Hyundai giving $200 a car to children’s cancer charity this month
Posted by: | CommentsFiled under: Etc. , Hyundai , Earnings/Financials With National Childhood Cancer Awareness month underway, Hyundai Motor America has announced plans to donate $100,000 to 68 hospitals and non-profit organizations ($6.8 million total) in the form of “Hope Grants.” The bulk of the money will be raised by Hyundai’s U.S. sales network, now more than 800 dealers strong, who will contribute $200 from the sale of each vehicle in September. “While we’ve made progress over the last few decades and now have an 85 percent cure rate, cancer still takes more lives than any other childhood disease,” said John Krafcik, President and CEO of Hyundai Motor America.

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Hyundai giving $200 a car to children’s cancer charity this month
U.S. to limit foreign investors in GM IPO?
Posted by: | CommentsFiled under: Government/Legal , GM , Earnings/Financials According to The Wall Street Journal , members of the U.S. Treasury are worried about General Motors ‘ upcoming IPO. They aren’t concerned for the automaker’s stock price, or how even how many investors may decide to buy into the company – they’re concerned about what country the money is coming from.

Report: Spyker posts loss, expects to lose more
Posted by: | CommentsFiled under: Saab , Earnings/Financials , Spyker An accounting rule, among other things, is ostensibly to blame for Spyker posting a loss and having to declare negative shareholder equity with more liabilities than assets. According to Automotive News , the new owner of Saab had counted General Motor ‘s $326 million in redeemable preference shares in the company as equity, not a liability . So with the company having just got its factory going in October and only having sold 10,500 cars in the first six months of this year, the hard numbers are a loss of €139.1 million ($177.2M U.S.) on €243.1 million in sales ($309.8M U.S.).

Tesla Motors pays fine for lacking emissions Certificate of Conformity
Posted by: | CommentsFiled under: Government/Legal , Earnings/Financials , Tesla , Electric Sometimes, technology moves faster than rules and regulations. For instance, in some parts of Kansas, shops must provide water troughs for horses . A more recently inanity is the requirement that electric vehicles receive an emissions ” Certificate of Conformity ” from the EPA to comply with the “Clean Air Act.” And, while Kansan storekeepers have long been excused from abiding by the obviously obsolete ordinance, such is not the case for America’s best known electric car maker, Tesla Motors . In its Securities and Exchange Commission 10-Q filing for the quarter ending on the 30th of June, Tesla noted that expenses may be incurred from complying (or, in this case, not complying) with the myriad regulations that govern the activity of providing automobiles for sale to the public

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Tesla Motors pays fine for lacking emissions Certificate of Conformity

