Its Friday, its the Vroom Room, make yourself comfortable enjoy the cappuccino and biscotti, join the conversation.
What does the price of a barrel of oil have to do with the auto business?
Think of one thing, the 3rd largest auto market in Canada is Alberta, need we say much more. Oil is pervasive through the entire Canadian economy. The fact that many Canadian companies are sitting on mountains of cash, and CMS (Citizen Main Street) is well leveraged with loans. It will come back to haunt us in 2015.
A while back we shared our thoughts on Cadillac. Put it this way, even Mark Reuss who was profoundly involved with the ATS, is on the thought vector that the cars are better than the current sales figures. Go figure...someone puts together an incredible car, and someone else makes sure it does not sell all in the same company.
From Business Week...The 85 Most Disruptive Ideas.
This week you surely noticed that CMS (Citizen Main Street) in Canada is highly levereged with a variety of credit instruments, starting with mortgages. Regarding auto financce that we have been talking about for months. You have to wonder if someone from the Bank of Canada is reading our publication. Yes...we told you so.
The Deuce in the photo is a reminder of the early days of hot rodding, chopped top, steel wheels, baby moons, nailhead Buick, dual quads, even what looks like a generator, and black. It does not get much cooler.
Our old cars today...The Baillon Barn Find.