Signs point to a good year for automakers, dealers
While 2010 and 2011 held great reversals of misfortune for carmakers and the dealers that sell their products, 2012 may turn out to be even better. Employment figures are mostly [...]
View ArticleGM, Peugeot form alliance
General Motors and France’s Peugeot have announced a plan to form an alliance aimed at annual savings of $2 billion within five years, according to Automotive News (sub required). GM [...]
View ArticlePinnacle Airlines, the latest to file for bankruptcy
It’s no April Fool’s. Yesterday Pinnacle Airlines Corp. announced its filing for Chapter 11 bankruptcy protection. If you’ve never hear of Pinnacle, don’t be surprised. The company is a regional [...]
View Article“Pink slime” backlash forces beef firm bankruptcy
Ground beef processor AFA Foods filed Chapter 11 this week amid the ongoing controversy over “pink slime” — the unappealing nickname for “lean finely textured beef” (LFTB). Based in King [...]
View ArticleNew book offers inside view of Ford Motor
Most people realize that Ford Motor was the only of the Detroit Three automakers that didn’t file Chapter 11 and receive bailouts by the federal government. But until now almost [...]
View ArticleReddy Ice heading to bankruptcy court
Despite selling a mind-boggling 1.7 million tons of ice and logging more than $328 million in revenue in 2011, Dallas-based Reddy Ice posted losses of about $69 million and is [...]
View ArticleSmall cars: Detroit finally gets it
For years those in the executive offices at Ford, GM, and Chrysler considered small cars an afterthought — an unprofitable side-business that pulled valuable product development and marketing dollars...
View ArticleGM to Uncle Sam: please sell your shares
General Motors is anxious for the US Treasury Department to divest its shares in the company, but the government is in no hurry to sell, according to The Wall Street [...]
View ArticleBakers Footwear stumbles into bankruptcy
The other shoe has dropped at Bakers Footwear Group. The mall-based retailer of women’s shoes and accessories has filed for Chapter 11 bankruptcy protection. Bakers Footwear, headquartered in St....
View ArticleEastman Kodak battles against bankruptcy
Take a picture. Eastman Kodak — as we know it today — might not be around much longer. The American business icon and inventor of the Brownie camera in 1900 is reported to be weeks away from filing for...
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