Bill Gates Buys Stake In AutoNation, Plans To Become Used Car Salesman

Bill Gates has acquired a 5.5% stake in AutoNation, a nationwide chain of car dealerships. The move saw the company's shares increase in value by $1 a share since the purchase was made on Monday, taking the value of Gates's holdings to $90.1 million; in fact, he's now the third largest shareholder. But what does Gates… » 7/23/08 12:45pm 7/23/08 12:45pm

AutoNation CEO Says High Gas Prices Are Good For You, Automakers

Mike Jackson, Chairman and CEO of AutoNation (and thus America's number one car salesman), finally breaks taboo and utters the unthinkable: High gas prices are a good thing. "You have to tell the American people the truth," he says. "Energy costs are going to be higher." Oh Mike, Mike, Mike. Don't you know that the… » 6/09/08 1:00pm 6/09/08 1:00pm