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 [...]
United Auto Workers vote on changes
Unionized workers at Ford voted on changes to their contract, including cutting cost-of-living increases, reducing benefits and eliminating cash bonuses.
The company says the move will help it to stay competitive. According to the UAW, 59 percent of production workers and 58 percent of skilled-trades workers voted [...]
Ford still doesn’t need Obama’s payday loans
Payday loans of the gargantuan sort may or may not be enough to fix the trouble that America’s automobile industry is facing. It is no stretch of the truth to say that the automakers are responsible for the mess they’ve made, and most have [...]
Ford tough, but for how long?
Your payday loan source admires the spirit Ford is showing.
In the aftermath of the recent automobile industry bailout, Nick Bunkley of the New York Times reports that Ford suffered their worst sales year ever in 2008. They lost $14.6 billion, yet they did not take [...]