General Motors cleans out the garage (Business Week)
From Business Week via msn.com:
By David Kiley
Business Week
General Motors is cleaning out the attic to sell some stuff at the auction house to raise some much needed cash.
Around 250 vehicles from GM's "Heritage Collection" will be auctioned by Barrett-Jackson, with the first lots going on Jan. 13 in Scottsdale, Ariz., and the second hitting the block in April in West Palm Beach, Fla.
Don't think that GM is parting with the family jewels to pay the mortgage. Though insiders can't recall such a big chunk of the collection being sold at once, 25 percent of the total, most of the vehicles are special show cars and one-offs that GM snapped together for the Specialty Equipment Manufacturers Assn. shows over the years, as well as some classic production cars that were duplicates of models GM still has.
http://www.msnbc.msn.com/id/28581960
By David Kiley
Business Week
General Motors is cleaning out the attic to sell some stuff at the auction house to raise some much needed cash.
Around 250 vehicles from GM's "Heritage Collection" will be auctioned by Barrett-Jackson, with the first lots going on Jan. 13 in Scottsdale, Ariz., and the second hitting the block in April in West Palm Beach, Fla.
Don't think that GM is parting with the family jewels to pay the mortgage. Though insiders can't recall such a big chunk of the collection being sold at once, 25 percent of the total, most of the vehicles are special show cars and one-offs that GM snapped together for the Specialty Equipment Manufacturers Assn. shows over the years, as well as some classic production cars that were duplicates of models GM still has.
http://www.msnbc.msn.com/id/28581960
posted by eric model | 3:08 AM
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