"LJ909" (lj909)
06/09/2020 at 19:29 • Filed to: News, 2021 ford bronco, Stolen Hellcats
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"LJ909" (lj909)
06/09/2020 at 19:29 • Filed to: News, 2021 ford bronco, Stolen Hellcats | 0
| 9 |
Thieves steal break in, steal over 50 SRT models from Dodge dealership
!!!error: Indecipherable SUB-paragraph formatting!!! during the protests over George Floyd’s death. Opportunistic looters not only damaged the dealer itself heavily, but stole a bunch of SRT models. !!!error: Indecipherable SUB-paragraph formatting!!! reports that the looters pretty much stole literally every single one of the Hellcats that were on the lot, and then posted it to social media like a dumbass.
Wells Fargo quits lending to independent dealerships
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reports that last month, the bank, who is one of if not the biggest auto lender in the country, sent out notices to hundreds of indie dealers that they would no longer be accepting applications from them. From the article: “
The bank had “an obligation to review our business practices in light of the economic uncertainty presented by COVID-19 and have let the majority of our independent dealer customers know that we will suspend accepting applications from them,” Natalie Brown, the spokeswoman, said in an email. “The independent dealers we will continue doing business with are those with deep, long-standing relationships with Wells Fargo.”
The move is pretty much required and ties back to rulings from the 2016 fake accounts scandal that pretty much limits the banks bottom line until they fix the multiple problems the Feds found out about during the scandal.
JLR wants
UK government money for a bailout at the same time they secure a Chinese loan
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via the
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reports that even though JLR bragged that they sold a lot of SVO vehicles for the ‘19/’20 fiscal year, they conveniently left out that they are in bad shape financially. Surprised? Neither am I. From the article: “
JLR is talking to the British government for a “state loan” worth more than one billion pounds sterling, dressed up as “a support package” according to the cited publication
.” So they are asking for money, but using a PR spin for public support. The article goes on to state that JLR lost 3.6 billion pounds sterling last year, which equates to just over $4 and a half billion dollars. They also wonder why owner Tata isn’t stepping up to help. But considering the state they are in, its not looking good for either of them.
Yesterday though, !!!error: Indecipherable SUB-paragraph formatting!!! reported that JLR had secured several loans from the Chinese government totaling 500 million Euros (just over $623 million). From the article: “ The 5 billion yuan deal with Chinese banks, including Bank of China, ICBC, China Construction Bank, Bank of Communications and Shanghai Pudong Development Bank, will be spread across three years as a revolving loan arrangement...” JLR is in a bit of a situation as the pandemic made their already low sales numbers worse.
BroncoNation has footage of the new Bronco’s offroad chops in the Georgia backwoods
It looks pretty capable. Notice how there are both 2 and 4 door models in the video as well. Enjoy!
fintail
> LJ909
06/09/2020 at 20:06 |
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Loans to struggling automakers is a weird way to launder money, much different from the usual way of putting money in Australian/PNW/CA real estate.
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LJ909
> fintail
06/09/2020 at 20:08 |
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That Chinese money seems to be easy to get but filthy.
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fintail
> LJ909
06/09/2020 at 20:09 |
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If not dripping in blood.
jeepoftheseus
> LJ909
06/09/2020 at 20:48 |
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Honest question: h ow has Wells Fargo not been gutted and restructured? They seem to have shown systemic disfunction and a general lack of giving a shit for some time.
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wafflesnfalafel
> jeepoftheseus
06/09/2020 at 20:52 |
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but they said they were really, really sorry so it’s all good
OPPOsaurus WRX
> LJ909
06/09/2020 at 20:57 |
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I really hope they make a Gladiator (ute? ) version of this thing.
They should also make a Ute version of the Fusion.
gmporschenut also a fan of hondas
> LJ909
06/09/2020 at 21:12 |
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that the dealership still had 2018 models
manager:
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LJ909
> jeepoftheseus
06/09/2020 at 21:29 |
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Thats a question I would like answered as well. I stopped banking with them not long after that scandal for some drama I had over with them over my account. They honestly need to be broken up.
SilentButNotReallyDeadly...killed by G/O Media
> LJ909
06/09/2020 at 21:31 |
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I think it’s made mostly of US and German bonds...and then dusted with China.