Billion Dollar GMAC Bailout Despite Chairmanship by Madoff Crony J. Ezra Merkin
SPECIAL REPORT BY EDWIN BLACK TheCuttingEdgeNews.com The Federal government is using billions in taxpayer money to convert General Motors Acceptance Corp, known as GMAC, into a bank, as part of a backdoor Detroit bailout. In the process, it will rescue a company headed by J. Ezra Merkin, a cohort of Bernard Madoff, who ... Continue reading
DEARBORN, Mich., Dec. 30, 2008 â The often stressful and frustrating task of parallel parking soon will be as easy as pressing a button for owners of the Lincoln MKS flagship sedan and all-new Lincoln MKT seven-passenger luxury crossover, thanks to an exclusive new technology from Ford Motor Company called Active ... Continue reading
Summit Place Kia Opens Second Store
CANTON, Mich., Dec. 30 -- Richard LaLonde, dealer principal of Summit Place Kia in Waterford, Michigan, announced the addition of a second Kia dealership with the acquisition of Dick Scott Kia, a retail auto dealership located at 41840 Michigan Avenue in Canton, Michigan. The dealership, which will be renamed Summit Pl ... Continue reading
Auto Winners and Losers 2008: NYT Writer's View
By JERRY GARRETT Published: December 26, 2008 In its 2008 Car Reliability Study, Consumer Reports ranked the Chrysler Sebring convertible, with a reliability score that was â283 percent worse than average,â dead last among the 357 vehicles covered in the survey of subscribers. At the other end of the scale wa ... Continue reading
Opinion: Union Card Check Would Make Matters Worse
Washington DC December 30, 2008; The AIADA newsletter reported that former Pennsylvania congressman Pat Toomey writes in the Philadelphia Inquirer today that the misleadingly named the Employee Free Choice Act would take away workers' basic rights to a secret-ballot vote on union representation. It would allow unions t ... Continue reading
Toyota Once Again Top Seller in U.S.
For the second year in a row, Toyota Motor Corp.'s namesake brand likely will beat Chevrolet and Ford as the top seller in the United States. According to the Detroit Free Press, plummeting SUV sales that came with spiking gas prices earlier this year helped widen Toyota's margin over Ford and Chevy. Through November, ... Continue reading
NADA Statement on GMAC's Announcement to Expand Retail Auto Financing
MCLEAN, Va., Dec. 30 /PRNewswire-USNewswire/ -- The National Automobile Dealers Association (NADA) says the actions of the federal government to support GMAC Financial Services will bring stability to consumer and dealer lending and help restore consumer confidence on Main Street. "Credit is the lifeblood of the auto i ... Continue reading
Drive And See '5' On Way Into Delaware
DELAWARE, Ohio December 29, 2008: It may be snowing in Delaware, Ohio, but the hometown of JEGS Mail Order and five-time world champion Jeg Coughlin Jr. still managed to send out road crews to change the city limit signs to reflect Coughlin's latest title. Coughlin won his fourth Pro Stock championship since the turn o ... Continue reading
GreenHunter Biodiesel Approved by EPA for On-Road Use in the United States
GRAPEVINE, Texas--GREENHUNTER BIOFUELS, LLC, a wholly-owned subsidiary of GreenHunter Energy, Inc. (AMEX: GRH), announced today that it has registered and been approved by the Environmental Protection Agency to sell GreenHunter Biodiesel⢠to the on-road market in the United States. This approval by the EPA signifi ... Continue reading
R.A. Jeffreys Distributing Company to Sponsor the Pole Award at the Polar Bear 150
RockinghamSpeedwayFullLogo RAJeffreys Logo R.A. Jeffreys Distributing Company to Sponsor the Pole Award at the Polar Bear 150 ROCKINGHAM, N.C. (December 29, 2008) - The Polar Bear 150 is already one of the biggest Street Stock races in the country and now the competitors will have another prize to claim - a pole award ... Continue reading
CALGARY, Alberta--Advanced ID Corporation (OTCBB: AIDO), a leading developer of radio frequency identification (âRFIDâ) technology for livestock tracking, pet recovery and supply chain applications focusing on the tire management industry, today announced that its RFID tire technology was profiled in a featur ... Continue reading
GMAC to Expand Retail Auto Financing
Customers to benefit from greater access to low cost funding DETROIT, Dec. 30 -- GMAC Financial Services will immediately resume auto financing for a broader spectrum of U.S. customers as a result of expanded access to funding as a bank holding company. The company will modify its credit criteria to include retail fina ... Continue reading
Saab Signs Contract Worth More Than 10 Million Euro
STOCKHOLM, Sweden--Regulatory News: Saab signed a contract concerning life time extension of the BILL anti-tank missile system. The order value is approximately 10 million Euro (approx. SEK 104 million). The contract means that the customer will be retaining the Saab-developed anti-tank missile system capabilities for ... Continue reading
GM Quits Taiwan Yulon GM On Cash Crunch
GM quits Taiwan Yulon GM on cash crunch http://www.gasgoo.com/auto-news/1008896/GM-quits-Taiwan-Yulon-GM-on-cas h-cru nch.html Shanghai, December 30 (Gasgoo.com) General Motors Corp has sold 49% stake in Yulon General Motors, its joint venture in Taiwan, to Yulon Motor Co at the cost of a symbolic NT$1, GM China Group ... Continue reading
Chery's Syria Partner To Assemble Vehicles In '09
Chery's Syria partner to assemble vehicles in '09 http://www.gasgoo.com/auto-news/1008900/Chery-s-Syria-partner-to-assemb le-ve hicles-in-09.html Shanghai, December 30 (Gasgoo.com) Hmisho Economic Group (HEG), Chery's partner in Sybria, will begin production in its new car assembly plant in the last quarter of 2009, ac ... Continue reading
Experts Propose Tax Refund To Boost Auto Sales
Experts propose tax refund to boost auto sales http://www.gasgoo.com/auto-news/1008897/Experts-propose-tax-refund-to-b oost- auto-sales.html Shanghai, December 30 (Gasgoo.com) To reverse the auto market downturn, an auto industry in China on Dec. 25 suggested an auto credit policy of converting part of the country's id ... Continue reading
Today, in the post-Christmas sales rush, a new crowd-puller joins the throng at London's newest shopping destination - Westfield London, as Renault's svelte New Laguna Coupé takes centre-stage at the hottest new addition to the city's vibrant shopping scene. ... Continue reading
Edwin Black's THE PLAN Named in the Miami Herald's Top Ten Business Books of 2008 - VIDEO ENHANCED
Business Monday book critic Richard Pachter shares his impression of his favorites from 2008. MIAMI, FL - December 30, 2008: The Miami Herald published Richard Pachter's top business books list yesterday and "The Plan," written by our good friend Edwin Black was one of the top ten books on the list. In presenting the l ... Continue reading
Privity to Introduce Sci-Paint Japan 'SUPRA' to Middle East
Dubai, Dec 29, 2008; Sci Paint Inc. of Japan, a leading 'Green' paint manufacturer, has selected Dubai-based Privity LLC as its regional consultant in introducing the company's architectural paints to the Middle East. Sci-Paint's high level team is currently visiting the region meeting potential strategic partners and ... Continue reading
Propane; the Gas of the Gods - Exclusive Press Pass Coverage of the 2008 Propane Engine Fuel Summit
Extensive Video of One of the Year's Most Important Automotive Expositions Produced and edited by Marc J. Rauch, Exec. VP & Co-Publisher The Auto Channel was honored to be the official Media Sponsor of the First Annual Propane Engine Fuel Summit. We are also pleased and proud to present to the world complete PRESS PASS ... Continue reading
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