Posts Tagged ‘BANKRUPTCY’
GM PLANS NEW MINICAR, ELECTRIC CADILLAC
Automaker comes back swinging with new products, models
By Mark Huffman
ConsumerAffairs.com
For a carmaker that nearly declared bankruptcy last month, General Motors is talking with a lot more confidence this month.
GM opened the North American International Auto Show in Detroit with a road rally of 17 new and upcoming cars and crossovers — including four global premieres — that it says underscores the company’s ongoing commitment to emotionally compelling design, leading fuel efficiency and advanced technology.
In addition to the four world premieres — the 2010 Chevrolet Equinox, 2010 Cadillac SRX, 2010 Buick LaCross, and Cadillac Converj, Chevrolet announced it will produce and bring to the U.S. the fuel-efficient Spark four-door mini car and seven-seat Orlando multi-purpose vehicle.
FOR THE COMPLETE STORY: http://www.consumeraffairs.com/news04/2009/01/gm_comeback.html
~Sandy G.
January 13, 2009
IS BANKRUPTCY YOUR PERSONAL BAILOUT?
Bankruptices on the rise but the choice can have serious consequences
By Fred Yager
ConsumerAffairs.com
With two million people losing their homes to foreclosure this year and unemployment at a five year high, personal bankruptcies are on the rise again as well, up more than 28% over last year. Expectations are that bankruptcies will top 1.1 million for the year.
That’s according to the American Bankruptcy Institute which reports American families are now going bankrupt at the rate of 22,000 a week, a figure that is trending upward as the nation falls deeper and deeper into a recession.
Some may see bankruptcy as a personal bailout, their individual version of the government bailout offered to banks. After all, wasn’t it too much debt that drove our largest financial institutions into needing a $700 billion dollar bailout? Too much debt is one of the key reasons that more and more Americans are being driven into bankruptcy, along with rising unemployment and unpaid medical bills because of lost health benefits.
FOR THE COMPLETE STORY: http://www.consumeraffairs.com/news04/2008/10/bankruptcy_personal.html
~Sandy G.
October 26, 2008
