The Numbers for Tuesday, December 24: Hot cars
The number of shares of General Motors stock the U.S. federal government owns as of December 9, when it sold the remaining shares bought up in the auto-industry bailout. The American car industry was on its death bed during the financial crisis of 2008, but since then has emerged from the brink into a new boom for the Detroit Big Three. (Bloomberg)
The number of stars the Tesla Motors Model S gets to keep for its crash test safety rating, according to an announcement from the National Highway Traffic Safety Administration. Tesla’s stock price is getting a bump as the government agency reaffirmed the safest rating it gives for the electric vehicle that garnered negative press after a series of vehicle fires. (The Street)
The average cost of auto repairs in New Jersey in 2012, the most expensive rate in the nation. The cost of getting your car fixed rose by about 10 percent nationwide last year, particularly on the East Coast according to a new study by automotive service site CarMD. (NBC)
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