The American Journalism Review asks, is automotive journalism fundamentally corrupt?
Car manufacturers pay for lavish trips and grant extensive seat time in their most desirable cars – in exchange for good reviews. Journalists who write critical reviews are blacklisted. Among the worst offenders is Porsche, who blacklisted journalist Jack Baruth
after lukewarm (or simply balanced) print
reviews of the Porsche Panamera in 2009. Since then, Baruth, who owns three Porsches, has taken to compiling lists of Porsche’s deadly sins (1
, but not 7
), fabricating Porsche test drives
fellow automotive journalists who he sees as being too soft
on Porsche, and borrowing privately-owned cars
in order to write reviews. Baruth writes mostly for The Truth About Cars
, which guards the independence of its writers so fiercely that its reviews of the Prius, for instance, ranged from the unremittingly hostile
to defensively positive
to relatively balanced
. But what about journalistic independence in mainstream outlets, which often rely on freelancers who simply don't have the funds to be functionally independent of car manufacturers, and which don't want to displease advertisers?
posted by Dasein
on Oct 3, 2011 -
is basically the practice of selling borrowed shares, with the intention of purchasing them back later at a lower price. It amounts to a placing a bet on the share value dropping, is a favoured move of hedge funds
, and has been recently blamed
for much of the current economic mayhem.
However, when last Sunday Porsche
tersely announced that, in addition to its 44% of Volkswagen
's shares, it had secured 31% through cash-settled call options
, the invisible hand of the market gave those short-sellers an atomic wedgie
Since the German state of Lower Saxony
holds just over 20% of VW, Porsche's disclosure meant that, in fact, there were only 5% of VW's shares left on the market, whereas traders were shorting for about 13% of those shares. This set off the "Mother of All Short Squeezes
". [more inside]
posted by Skeptic
on Oct 29, 2008 -
"The beauty of an exotic is felt most when they are spotted on the streets, side-by-side with regular cars. . .Unfortunately, spotting an exotic is a rare occurrence. That's why this site brings together hundreds of exotic sightings from all over the world."
[via mediareport posting on metachat]
posted by mlis
on May 29, 2005 -
Have a favorite vehicle?
Looking for a late night, post-office party romp, well keep an eye out for the Spanish or Italian gent in his Porsche Boxter, or the Chesire lady in her Volkswagen Beetle. Be sure to stay clear of stick shifts and men from Southeast England.
posted by Voyageman
on Dec 18, 2001 -