One thing about car thieves, they will make all the necessary modifications to stolen cars to avoid being caught. Unfortunately, the robbers who had stolen a 2007 Cadillac Escalade were not so lucky. Originally stolen last February 1, 2008, special agents and the NICB had recovered the said vehicle but this time sporting a new look, a stretched limo look!

Apparently this transformation went under a complicated process. In fact, it was manufactured by a limo company, unsuspecting that the car they are transforming was actually stolen. It eventually landed in the hands of a businessman in Texas which was sold for $125,000. A vehicle identification number actually gave it away.

“Consumers need to exercise sound judgment when buying used vehicles from private parties or online services,” said Joe Wehrle, NICB president and chief executive officer. “In this case an innocent purchaser may be out thousands of dollars as a result of this transaction. So, if in doubt, check it out carefully before you hand over the cash.”

This quote may seem contradicting to the rampant push for online car buying. If this is one of the thing that they will encounter, it will severely affect the business intent of online car sellers for sure.

(Source) Press

Tags: 2007 cadillac escalade, business intent, businessman, Cadillac, car thieves, chief executive officer, doubt, limo company, necessary modifications, nicb, online car sellers, private parties, purchaser, robbers, sound judgment, thousands of dollars, transformation, vehicle identification number, wehrle

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While most critics are speculating and a wide number of GM plants to be abandoned soon, the matter of what would happen to these empty buildings and lots has many curious onlookers thinking, what would become of them? Well surely, GM will still hold on to them unless of course a great offer comes for the lease or purchase of these former GM plants.

As for earlier abandoned lots, they have already been converted into something useful. Something similar to the Tinker Air Force Base which transformed the former GM plant based in Oklahoma into an aerospace facility, an industry that has been slowly flourishing.

“This provides a significant benefit to the many public-private partnerships that have become the hallmark of Tinker’s success,” Williams said.

Oklahoma’s benefits from repurposing a former GM plant include:

• Recoup lost jobs
• Repurpose major infrastructure
• Increase growth of the state’s aerospace industry
• Bring new business opportunities for the private sector

That is only one transformation we have seen. Surely, we will be seeing more of these abandoned GM factories transformed and surely they are going to come from businesses that are still doing good despite the recession.

(Source) Press

Tags: aerospace industry, benefit, empty buildings, factories, GM, gm plant, gm plants, hallmark, infrastructure, jobs, new business opportunities, private sector, recession, tinker air force, tinker air force base, transformation

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