Author Archive: autos

WELCOME A OK AUTO SALES A long time ago we began our journey as wholesale dealers to large dealerships.  We expanded and eventually operated a full service dealership offering all makes and models, financing, and mechanic services.  Unfortunately this also came with the large cost of doing business that eventually burdened our souls and took the fun out of selling cars.   After 32 years of enduring long days and sleepless nights as a full service retail purveyor of quality used automobiles, we have decided to go back to our roots.  With the hope of semi-retirement, we went back to selling wholesale Toyotas and Lexus’s to Franchise Dealers.  However, it didn’t take long for our faithful customers and friends to find our secret hideout.  If you can find us, we will be more than happy to welcome you as a new friend. SEARCH OUR INVENTORY

Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.

The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.

Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.

Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.

Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.

Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 [...]

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