Posted in Bankruptcy, GM on May 27th, 2010
The last Hummer rolled off the assembly line just after 9 a.m. on Tuesday. The last Hummer, an H3, was built at the General Motors Shreveport, La. assembly plant, which will continue to build the Chevrolet Colorado and GMC Canyon, according to Autoweek. General Motors promised the U.S. government that it would shrink to just […]
Posted in Bankruptcy, Chrysler, GM on Apr 12th, 2010
The Government Accountability Office said Tuesday that General Motors and Chrysler will need to add $14.5 billion combined to their pension funds over the next four years in order to meet funding requirements. According to the New York Times, the GAO says that GM will need to add $12.3 billion to its pension fund by […]
Posted in Bankruptcy on Feb 24th, 2010
GM has issued a press release saying that it will discontinue the Hummer brand. Hummer was set to be sold to Chinese company Sichuan Tengzhong Heavy Industrial Machines Co., but since that deal wasn’t able to be completed, Hummer will be closed. GM’s press release says that the company will be working with dealers and […]
Posted in Bankruptcy, car buying incentives, Pontiac on Nov 13th, 2009
It turns out that Twitter is useful for something besides exposing idiotic celebrities and disseminating information about a potential revolution in progress. There’s a practical consumer use for the 140 character or less social blogging site too. Pontiac used twitter to let everyone know its nationwide inventory was almost gone on Wednesday, according to Jalopnik. […]
Posted in Automotive, Bankruptcy, Chrysler, Cost of Ownership, GM, Recalls, Safety on Jun 23rd, 2009
A report by Safety Research and Strategies says that more than 3,400 Americans will be injured or killed by defective GM and Chrysler products in the first year after bankruptcy. Since Chrysler and most likely GM won’t be held liable for any defects on vehicles sold before their bankruptcies, all those people will have nobody […]
Posted in Bankruptcy, Chrysler, Dodge, Quality on May 19th, 2009
Chrysler customers who are owed money by Chrysler under lemon laws are finding that, even though they have reached an agreement with Chrysler, they can’t get a refund or settlement. Chrysler’s checks to lemon law customers are bouncing due to the company’s bankruptcy, the L.A. Times reports. Since Chrysler filed for bankruptcy, all of its […]
Posted in auto loan, Automotive, Bad Credit, Bankruptcy, Cost of Ownership, Credit Scores, Financing on Nov 20th, 2007
Analysts are worried. They are worried that rising troubles in the mortgage industry could spill over into the auto loans industry. In a recent article on Autonews24h.com, Lehman Brothers financial analyst Brian Johnson said his analysis of auto loan-backed securities sold by Ford Motor Credit Co. (NYSE:F) and GMAC Financial Services (NYSE:GM) showed some higher […]
Posted in Bad Credit, Bankruptcy, Credit Scores, Financing, No Credit on Oct 15th, 2007
Imagine owning a car, selling it and then years later it still remains on your record. The Wall St Journal’s Fiscally Fit column has an article today on avoiding that situation. It can help undermine your credit, create time consuming headaches and even get you in trouble with the police.
Posted in Automotive, Bankruptcy, Financing on Sep 30th, 2007
For people with a recent bankruptcy in the past getting a loan can be difficult. Depending on the type of bankruptcy you claim, and how deep you are in debt, a car loan can be particularly hard to complete. In a piece on Ezine Articles they go over some of the challenges. You will find a good […]
Posted in Bad Credit, Bankruptcy, Financing on Sep 27th, 2007
What is the means test and if I am bankrupt can I get a car loan? The term means test refers to an investigative process undertaken to determine whether or not an individual or family is eligible to receive certain types of benefits from the government. The “test” can consist of quantifying the party’s income, […]
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