Installment Loans and Free Advertising for Small Businesses
Survival of small businesses in a tight economy
Small business owners are looking to installment loans to make it through the rough economy. With industry giants like GM and Chrysler falling into bankruptcy, it’s easy to see how smaller businesses are in precarious financial situations. Part of the problem [...]
Scoot Coupe | New Transportation Technology
Scoot Coupe combines motorcycle, car
I have seen a vehicle that crossed a plane and a car before. The maker called it more of a “roadable aircraft” than a flying car. Today, I came across the Scoot Coupe, which is basically a combination motorcycle and car, but it’s really more of [...]
Installment Loans May Be the Answer in a Struggling Economy
The Auto Industry
Installment loans are remaining staples in budgeting as the economy struggles. One indicator of how the economy is doing can be seen by watching the auto industry. On average, Americans purchased 16 million cars yearly for the past decade. In 2009 the projection is that only 10 million [...]
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Chevy Kodiak Discontinued Along with GMC Topkick
Goodbye Chevrolet Kodiak
After years of looking for a buyer, General Motors is scaling back its medium-duty truck line, and the company will not produce the Chevy Kodiak or the GMC Topkick anymore after next month.
General motors last month announced that it would discontinue franchise agreements with 789 dealerships, and with [...]
Saturn, Penske Automotive Group Reach Deal as GM Agrees to Sell
Penske Automotive Group steps up
General Motors will sell Saturn to Penske Automotive Group, according to news reports. The deal is tentative so far, but Roger Penske of Penske Automotive Group has agreed to buy the struggling Saturn brand from bankrupt GM.
GM dealerships across the country are offering historically cheap loans [...]
A Fond Farewell to the Merry Month of May
Hi June – what kind of month are you going to be?
May was indeed a Merry Month for me here in the Home Office. I hope everyone’s May was as abundant as mine, but from the statistics, it is clear that the recession is still dragging on for so many [...]
Sichuan Tenzhong Buys Hummer After GM Files Bankruptcy
Who bought Hummer?
Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. plans to purchase the Hummer brand from General Motors, the mammoth U.S. auto maker that filed for bankruptcy yesterday.
Hummer is the brand attached to GM’s line of street-legal vehicles based on the HMMWV, or humvee. The abbreviation stands for High Mobility [...]
Whatever happens, that Aston Martin is mine
There are only a couple of zeros between James Bond and me
We all remember James Bond, aka 007, aka Sean Connery, the retired hit man and/or spy who now sits on a log on the back page of the paper drooling over his super-expensive Louis Vuitton sports bag. We’re a [...]
GM Closing Plants and Employees Rush to Get Short Term Loans
GM Employees
GM employees are bracing for a lay-off by looking into short term loans. A 2-week summer layoff is typical with auto manufacturers. They normally change models to the next year’s style during this time. Unfortunately, due to lagging sales and overages of vehicles, GM is extending that layoff to [...]
Atlantis returns. Spacemen: no change in earthly recession
We saw no signs of the recession in outer space
I know that when I leave town on a 2-day business trip, I expect to find great changes when I return. It’s only natural; one leaves one’s own environment, flies off to a totally different place, there’s a change in the [...]
Invest Your Money Wisely | Avoid 2008’s Top 5 Biggest Losers
Where to go for good investment advice
Previously, I wrote about the Fortune 500 companies whose stocks performed well last year. If you want to see returns on your stock investments, look into dollar stores, food wholesalers and other types of discount retail. However, this article is about which companies lost the [...]
Temporary GM Shutdown Could Be Imminent
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 [...]
GM Says it Might Miss $1 Billion Debt Payment
Bankruptcy ‘probable’ says finance chief
General Motors is proving to be a good example of what can happen if you take on more debt than you can handle. Unfortunately for the automaker, I don’t think any amount of debt consolidation can dig this company out of the hole.
GM has a $1 [...]
No loans for the automakers, says White House
Obama bows to Main Street
Finally, the verdict has come out and President Barack Obama has said a big ‘no’ to any kind of payday loans to the troubled automakers. Considering the fact that General Motors and Chrysler are surviving on the bailout money that they received in December 2008, their [...]
Obama to Kick GM, MOPAR Out of NASCAR
Obama: NASCAR is a no-go, 10-4
President Obama’s cash advance bailout of America’s automobile industry giants has left a sour taste in the mouths of many. Why should financially irresponsible automakers that flood the market with metal hulks that lose value fast be allowed to spend the taxpayers’ money in ways [...]
Short Term Loans Could Help the Crumbling Auto Industry
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 [...]
Ford Workers Approve New Contracts, Wage Freeze
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 [...]
General Motors Teeters on the Edge of Bankrupcy
Auto giant in big trouble
General Motors released a report Thursday that said it will likely go bankrupt unless it gets more government funding and successfully restructures the company.
The company has already gotten $13.4 billion in U.S. government loans.
Stock market fluctuations
The dismal report was, of course, followed by a drop in [...]
Could GM, Chrysler Have to Share to get Easy Loans?
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 [...]
GM’s Saab Story | Canadians Don’t Need Payday Loans for Cars
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 [...]
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