Car Buying in a Recession
If consumers are in the need of a car, this may be the right time to use credit cards to do it. Most dealerships have huge inventories and no way to get rid of them. The recession has put auto dealers in difficult positions, since most [...]
New auto standards
Consumers are looking to use personal loans to fund new cars as auto fleets are changing. President Obama is sending a clear message to the American people by instituting new rules for cars produced in the U.S. The new fleet of cars will be smaller, lighter and more [...]
Don’t put all your eggs into one basket
Pomigliano d’Arco is a town of about 40,000 inhabitants in Italy. It lies northeast of Naples and quite near to Mount Vesuvius, once the scene of some real fall-out. The town basically has one industry – automobiles. And it also has only one [...]
Sunshine Dodge faces shutdown
Last week I wrote that Chrysler would not renew its franchise agreements with 789 Dodge dealers. This week, the owner of Sunshine Dodge-Isuzu in Melbourne, Florida, has written a letter demanding to know: “HOW IN THE UNITED STATES OF AMERICA CAN THIS HAPPEN?”
The owner of Sunshine Dodge [...]
Company plans for slow summer
As General Motors faces the possibility of bankruptcy, the company says there may be a nine-week GM shutdown starting as soon as next month.
The automaker might close down several plants for nine weeks. An overabundance of inventory plus typically slow summer sales are causing GM to [...]
Car dealers’ woes
A mega cash advance is something that the car dealers need desperately today; it does not matter whether the government offers it or someone else! While all the discussions are focused on the big two carmakers’ bailout plea, the worsening financial conditions of the neighborhood car dealers, mainly [...]
New vehicle comes out next month
It’s nearly May, and that means it’s almost time for Bright Automotive to launch its hybrid electric-fuel vehicle. I haven’t found a set date, but Bright has been saying for weeks that it will unveil its prototype in May.
Big promises
Bright has said that its vehicle [...]
Should the government bail out the auto industry?
In the middle of talk about government loans, the question may be whether short term loans would be a better solution to the crippling effects the current economic downturn is having on the automobile industry.
The President of the United States has requested the [...]
Easy loans, tough competition
If automakers in the U.S. want more easy loans from the government, they may face some big changes. As General Motors seeks to separate itself from European brand Saab, some government officials are considering uniting GM with another company: Chrysler.
As one might imagine, the automakers are not [...]
Auto industry still struggling
General Motors has begun dismantling; car prices are being driven so low in Canada that buyers probably won’t need payday loans to cover their down payments.
Cheap Cars in Canada
Auto prices in Canada fell in 2008 for the second year in a row. If a Canadian car salesman [...]
One of world’s richest companies cuts jobs
Your payday loan source keeps you updated on the economy.
For the first time in the company’s 34-year history, Microsoft Corp. is making massive layoffs. The company will cut 5,000 jobs, it announced Thursday.
Demand for personal computers has fallen dramatically during the recession. The company has [...]
General Motors’ sales drop 11 percent
Too bad a payday loan can’t help GM, who was the world’s highest-selling automaker for 80 years. Yes, I said was. GM’s sales dropped nearly 11 percent in 2008, and it sold 610,00 fewer automobiles than the new King of Cars: Toyota.
While the headlines are making [...]
One of the many downsides to being unemployed is that people may not have the option of collecting payday loans. Besides being left without health insurance and without a payday, unemployed people have fewer financial options than those who are gainfully employed.
Unemployment sparked protests during The Great Depression.
The gainfully employed [...]
Need A New Car?
Attention all car shoppers if you have been needing a new car, the perfect time to buy may be just around the corner. Payday will stretch a lot further with personal loans on automobiles after Christmas according to the latest reports.
Surely you have already seen it [...]