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"Funding Secured" Means the Saudis Want In: the Tesla Buyout May be the Largest in History

The Tesla news blindsided and shocked the world. A stock exchange wasn’t notified, neither was the Securities Exchange Commission. Not even the board of directors of the company that was affected by the news. Stock prices went crazy, its stock was eventually suspended, everyone who’s anyone about billions denied they were asked to help, and a moment of explanation finally came: Elon Musk wants Tesla to go private, he wants an equity leveraged buyout, and he wants the Saudis to finance it.
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By: Al Castro

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2019 Corvette ZR1 with the Automatic Gearbox Makes 654rwhp

The folks at Hennessey Performance have published a video of the 2019 Chevrolet Corvette ZR1 with the automatic transmission working out on the dyno in stock form and the numbers are pretty solid, with the 755-horsepower LT5 sending 654 horsepower to the rear wheels – a loss of about 13% between the crankshaft and the wheels.
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By: Patrick Rall

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Subaru Gives 3 Reasons Why They Axed Popular Forester 2.0XT

Subaru says there are three reasons why they axed the popular Forester 2.0XT. Will loyal Forester XT enthusiasts buy the explanation?
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By: Denis Flierl

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2019 Chevrolet Camaro Gets Worse Fuel Economy Ratings in Several Trim Levels

The EPA has announced their official fuel economy ratings for the restyled 2019 Chevrolet Camaro and remarkably, fuel economy numbers of the new car are down among V6 and SS models, while the turbocharged 4-cylinders remain unchanged and the ZL1 gets a little better fuel economy.
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By: Patrick Rall

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Volvo Owners to Inject $1.9 billion into Making Lotus Great Again

Chinese automotive group Zhejiang Geely Holding Group (Geely), which acquired Volvo Car Group from Ford Motor Company Volvo Car Group back in 2010, announced on their planned huge sum investment to automaker Lotus. This follows Geely acquisition of controlling stake in Group Lotus in 2017.
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By: Dom Kabas

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