2008 Ford Escape Electric/hybrid Great Mpg Extra Clean No Reserve on 2040-cars
Watertown, Connecticut, United States
Body Type:SUV
Vehicle Title:Clear
Engine:2.3L 140Cu. In. l4 ELECTRIC/GAS DOHC Naturally Aspirated
Fuel Type:Hybrid-Electric
For Sale By:Dealer
Used
VIN (Vehicle Identification Number): 1FMCU49H28KA54848Year: 2008
Number of Cylinders: 4
Make: Ford
Model: Escape
Trim: Hybrid Sport Utility 4-Door
Options: CD Player
Drive Type: 4WD
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag, Side Airbags
Mileage: 125,450
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows, Power Seats
Sub Model: HYBRID
Exterior Color: Gray
Interior Color: Tan
Warranty: Vehicle does NOT have an existing warranty
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Auto blog
EU formally questions French government assistance of Peugeot's finance arm
Fri, 28 Dec 2012Recently, the finance arm of PSA/Peugeot-Citroën was in such debt trouble that it was pricing itself out of the car loan market. The rates it was paying to service its debt, which was rated one step above junk, were so high that it was forced to charge car-buying customers higher rates than they could find elsewhere. This was adding to Peugeot's already impressive woes by sending revenue out the door to competitors.
Two months ago a deal was worked out with the French government whereby the state would provide 7 billion euro ($9 billion USD) in bonds to guarantee the finance arm's loans. The French government could nominate someone to join the Peugeot board, Peugeot would guarantee more French jobs, and on top of that deal, other banks would provide non-guaranteed loans. The government would take no equity stake in the car company.
Although not yet finalized, the arrangement is meant to create some breathing room for Peugeot Finance to lower its interest rates for customers, and a government-nominated board member, Louis Gallois, was recently named to Peugeot's supervisory board. The arrangement was also openly questioned by at least three competitors: Ford, Renault - which is 15-percent owned by the French government after it received state aid - and the German state of Lower Saxony, itself a 15-percent shareholder in Volkswagen.
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