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Seoul, July 30 (IANS) A US vehicle importer and eight other companies have submitted letters of intent to acquire debt-ridden SsangYong Motor, the company said on Friday. US-based Cardinal One Motors, SM Group and Edison Motors Co confirmed they joined the race to acquire the financially troubled carmaker to expand their business portfolios. K-pop Motors Co, which mainly produces electric scooters, and pharmaceutical firm Park Seok-jeon & Co reportedly submitted LOIs. In April, they formed a… Source link

Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We note that Ford Motor Company (NYSE:F) does have debt on its balance sheet. But is this debt a concern to shareholders? When Is Debt Dangerous? Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. In the worst… Source link

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EVERY FRIDAY THROUGH SEPT. 27 MONDAY NIGHT CRUISE-IN. There will be a weekly cruise-in every Monday night through Sept. 27 from 5-9 p.m. in New Carlisle. It will be in the parking lots of Park National Bank, Brethren Church and April’s Pet Grooming. EVERY THIRD SATURDAY STARTING MAY 15 THROUGH OCT. 16 CARS & COFFEE. This event will be every third Saturday starting on May 15 from 8 a.m. to noon. It will be held rain or shine at Liberty Center 7160 Taylor St. in Liberty Township. The show is… Source link

This slideshow requires JavaScript. BLOOMFIELD, NJ — Wednesday nights are for cars in Bloomfield, as long as the Bloomfield Cruisers and the Bloomfield Center Alliance have anything to say about it. The group, made up of car and motorcycle enthusiasts, has partnered with the town’s business organization for the last few summers, parking their classic cars on a block at the corner of Bloomfield Avenue and Broad Street to show off their wheels. The club, founded seven years ago by… Source link

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Special to Iredell Free News The Town of Mooresville has been named as recipient of the 2021 Best Overnight City Award on the Great Race Tour. The Mooresville Downtown Commission (MDC) hosted the stopover in Downtown Mooresville on Saturday, June 26, with more than 5,000 spectators in attendance, as 109 of the world’s finest antique automobiles paraded down Main Street. The Hemmings Motor News Great Race Tour officials bestowed Mooresville with the award due to its “overwhelming… Source link

New Audi RS3 Same power, more torque 0-100km/h in 3.8 seconds, claimed top speed of 290km/h Possible six-figure car by the time it launches locally before on-road costs The curtain has dropped on the newest-generation of the Audi RS3. Audi Sport’s smallest RS-badged offering packs its biggest punch yet, bringing a host of added tech, focused dynamics and evolved styling to the popular and versatile RS3 sedan and hatchback. The familiar 2.5-litre… Source link

Ford Motor (NYSE:F) had its price target raised by investment analysts at Bank of America from $17.00 to $18.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the auto manufacturer’s stock. Bank of America‘s price target would suggest a potential upside of 29.87% from the stock’s current price. Other research analysts have also recently issued reports about the company. Jefferies Financial Group upped their price objective on Ford Motor… Source link

You never forget your first love or your first car. Sometimes your first car is your first love. Whether it was a dream machine or a bucket of bolts, that introductory vehicle took you places. You were on the road to freedom with independence just around the corner. You didn’t have to borrow your parents’ station wagon. You didn’t have to beg your older sibling for a ride. You didn’t have to walk to school. If you wanted to go somewhere, you went. And if you wanted to roll down the… Source link