While Kruse isn’t talking to the media about his current events, he told The Journal Gazette last month that the recession has been hard on his sales. Compounding his troubles and drying up his cash flow, his longtime business practice of releasing cars to good customers before payment has come back to bite him. Understandably, he told the Gazette that he has since suspended that practice.
[Source: The Journal Gazette]
There’s some “clarifying” info on TMZ
It looks like the Black Helicopters are circling and the conspiracy theorists could be on to something…
A wife running out of the house with a golf club, breaking out the window of an Escalade… sounds a bit suspicious.
Will this rampage impact her ability to claim half the fortune? Did she sign a pre-nup? Was it Rachel Uchitel? Or an Aussie hostess?
Lesson Learned? You can’t keep a Tiger in a cage.
By Jay Leno
Illustrations by Ian Kelsie
Published in the May 2009 issue of Popular Mechanics.
Stocks and bonds? I don’t know much about them. In fact, I don’t know anything about stocks and bonds. I’ve lost money in the stock market; come to think of it, I’ve lost money in real estate too. But I’ve never lost money on cars.
The reason is simple: I’ve always bought cars I really want to own. If you buy a car that you like, and it loses its value, at least you still like it. Besides, even if the car’s value does go down a little, it will come back up at some point down the road. (more…)
Nicolas Cage is suing his former manager Samuel Levin for $20 million for gross negligence of his finances and for lining his own pockets at the actor’s expense. Cage is moving to sue the former manager due to the actor’s sudden cash crunch, which includes a boat load of debt and over $7 million in back taxes. But Levin has a story of his own to tell, and it involves excess on a scale that we can hardly imagine. According to Levin, the actor purchased a scad of really expensive stuff. Like a $7.5 million island in the Bahamas, 15 mansions, four yachts, a Gulfstream, 47 pieces of art and even nine Rolls-Royce Phantoms.
Now we can understand owning nine exotics, or even collecting hundreds of rare cars and storing them at the Burbank airport, but nine Phantoms? At least Reilly purchased a Ferrari with his National Treasure money. We’re guessing Cage likes to have a Phantom just about everywhere he is, and since he owns an island and a bunch of mansions he probably has one parked in nine different garages. Regardless, we’re having a hard time feeling too sorry for Cage, even if Levin is exaggerating. The actor makes about $20 million a film, so while all that excess sounds like a ton of money, we’re guessing the actor can pay his tab with a couple more movie deals. Gone in 60 seconds part two, anyone?
[Source: The Sun]
Chevrolet Camaro Convertible Concept –
Ever look for something high and low only to find it hiding in plain sight? That’s how we’d sum up the latest announcement from General Motors. The company has announced that the new Buick Regal – based on 2009’s European Car of the Year, the Opel Insignia – will enter production at the beginning of 2011 at its assembly plant in Oshawa, Ontario. There it will join the existing assembly line for the Chevrolet Equinox and GMC Terrain crossovers and the Chevy Camaro.
The kicker? General Motors subtly slipped in the announcement that the Camaro Convertible will begin production there as well around the same time. The drop-top pony car was first mooted with the concept unveiled at the 2007 Detroit Auto Show, and GM has been hemming and hawing about its production prospects ever since. Well, apparently they’ve made up their minds, and told all of us about it in the most understated way they could think of. Follow the jump to read the official press release. (more…)
The video showing the destruction of 46 of the 55 Chrysler Turbine Cars we posted recently generated lots of heated discussion. The key issue is, and has been for years, whether import tariffs played a material role in Chrysler’s decision. There is a wealth of sites and reprinted vintage articles dedicated to the TC, and the import duty conspiracy theory reoccurs throughout them. Interestingly, Wikipedia, which is not to be trusted in all things automotive, is the only source that throws some doubt on that story: “The story at the time that this was done to avoid an import tariff was incorrect.” Lacking that citation, it was time to do some further sleuthing, and either join the tariff theorists, or put a stake through it once and for all. (more…)