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Defensive Driving
“What am I going to do?” That was the first thought that ran through Bill Perkins’ mind upon learning he would lose the Pontiac franchise that comprised some 60% of revenues for the flagship dealership of his automotive empire. While... (Continue reading)
Minority Dealers May Be Slammed by Closings
Written on 4 Jun, 2009 at 12:39 in Business News | viewed 1,304 times | 1 Comment
Gregory Jackson, owner of five General Motors dealerships believes that as GM whittles down the number of franchises in bankruptcy “those last men standing should do well.” But when the smoke clears, no one is sure how many minority dealerships... (Continue reading)
Automakers See May Sales Slump
Written on 3 Jun, 2009 at 15:25 in Business News | viewed 878 times | 0 Comments
The auto industry is experiencing the roughest financial period in its history, with the Big Three reporting less-than-favorable sales for May. As General Motors and Chrysler headed to bankruptcy court earlier this week, and with President Barack Obama’s plan to... (Continue reading)
When Bankruptcy is Best
Written on 3 Jun, 2009 at 9:36 in Personal Finance | viewed 664 times | 0 Comments
Chrysler and General Motors have done what was previously unthinkable – filed for bankruptcy. Even for your small business, there may be circumstances where bankruptcy is your best option. Chapter 11 bankruptcy protection is a tool that can be used... (Continue reading)
FAQ: GM’s Restructuring
Written on 1 Jun, 2009 at 18:17 in Business News | viewed 1,063 times | 2 Comments
Information for Consumers and Investors Is GM going out of business? GM has entered chapter 11 bankruptcy protection to launch the “New GM.” GM has the support of the U.S. and Canadian governments and the UAW in this effort. What does this mean... (Continue reading)
Auto Dealers Struggle to Hang on
Written on 8 May, 2009 at 15:50 in B.E. 100s | viewed 662 times | 2 Comments
Black GM automotive dealers contend with the automaker shutting dealerships and discontinuing its Pontiac line.... (Continue reading)
Obama Reflects on His First 100 Days
Written on 30 Apr, 2009 at 14:07 in White House News | viewed 399 times | 2 Comments
When asked at last night's news conference what "surprised" him most about his role as the nation's chief executive, President Barack Obama shared with the nation the enormity and randomness of the challenges he's confronted over the past 100 days.... (Continue reading)
Update: ‘Just in Case’ Specials
Written on 27 Apr, 2009 at 16:09 in Blogs | viewed 164 times | 0 Comments
If you read my earlier post on Just in Case specials you know that companies are ramping customer reassurance specials. Well, they haven’t stopped; in fact, more companies are joining the Just in Case brigade to get you to open... (Continue reading)
The Mind Behind GM’s Designs
Written on 10 Apr, 2009 at 14:51 in Blogs | viewed 1,101 times | 4 Comments
Greeted by the pleasant aroma of “new car smell” upon entering the New York Auto Show at the Jacob Javits Center, I had the pleasure of previewing hundreds of new auto designs and interesting spins on classics. Though I arrived... (Continue reading)
Auto Suppliers Get Government Help
Written on 10 Apr, 2009 at 11:42 in News | viewed 970 times | 2 Comments
Automotive suppliers employ more than 500,000 U.S. workers and manufacture most of the parts of the vehicles that the big car companies put together. Until now, the public and the bailouts had overlooked these key industry players. That changed April... (Continue reading)
