The world's largest and highest valued semiconductor chip maker Intel Corp (NASDAQ:INTC) is about to buy Israeli driverless car technology company Mobileye NV (NYSE:MBLY). Collision detection mapping, and integrated cameras, this merger has got it all. The entire deal is worth $15.3 billion. The $63 per share cash deal for Mobileye marks the largest purchase of a company solely … [Read more...]
General Motors (GM) Stock Rise on Tentative Union Deal
General Motors (GM) was recently in talks with the trade union, Unifor, to discuss a new employment contract. Unifor started 2013 as a merger of the Canadian Auto Workers and Communications, Energy and Paperworkers unions. This new union consists of 300,000 workers and associate members in industries ranging from manufacturing and media to forestry and fishing, and is the … [Read more...]
Is It Too Late to Buy Ford (F) Stock?
For the past few weeks, I’ve kept hearing about Ford (F) stock. Since February 15th, the stock is up almost 16%. However, since this time last year, it’s down nearly 20%. I decided to take a look at the details to figure out if it’s worth your time (and money). I like Ford. It has an incredibly strong brand. In the marketplace, perception is reality, which means that a … [Read more...]
General Motors (Gm) to Invest $500 Million in Lyft
General Motors and Lyft, which is one of the world largest peer-to-peer ridesharing companies, are teaming up to develop driverless cars. Lyft is kind of like Uber, but only in about 65 U.S. cities. The driverless vehicles they plan to develop are still years away from being street ready. But in the meantime, John Zimmer, president of Lyft, said this is a unique opportunity … [Read more...]
Modest Money’s 21st Century Insurance Review 2015
Nobody likes shopping for auto insurance. You want to make sure you’re covered, and get back on the road as soon as possible. So I’ll make this short and sweet. 21st Century is a trusted auto insurer, in operation since 1958. They stack up competitively alongside other well known auto insurers. Their coverage is fairly exhaustive and standard, with the notable exception that … [Read more...]
