Archive for July 14th, 2009

“New GM” recalls workers – to build luxury SUVs

Tuesday, July 14th, 2009

Well, not technically SUVs.   The new term is “Crossover” vehicles.   It’s a luxury vehicle with all the bells and whistles, but with a hatchback and room to carry lots of stuff.

The Detroit News reports that the factory in the Lansing Michigan area will recall 900 people to restart the second shift. If you haven’t heard of the Builck Enclave, here is their website. The price starts at $35,000. Standard features include:

  • 4975 pound curb weight
  • 4 Wheel Drive, 18″ wheels
  • Seating for 7
  • 288 horsepower V6 engine
  • Bose Stereo with XM Radio
  • Mileage – 16 City, 22 Highway
  • Remote keyless entry
  • Onstar

Optional features include:

  • Rear parking assist

You people just haven’t got the message yet!

On a slightly related note, the LA Times reports that US Government owned Bank of America has announced it will finances purchases of the Tesla Electric car, a $109,000+ sports car.

Bankruptcy Watch – NV Broadcasting files 11

Tuesday, July 14th, 2009

NV Broadcasting owns 14 TV stations and has filed for bankruptcy.   Several other TV station owners are already in bankruptcy and Sinclair is considering it.   NV is located in Atlanta, and is “turning over the company” to its private equity lenders.

Meanwhile, BloomBama News Service says the economy is rebounding because the price of gasoline went up.

Bankruptcy Watch – Chicago Cubs

Tuesday, July 14th, 2009

The Chicago Cubs baseball team is owned by the Tribune Corporation, currently in bankruptcy.   The LA Times reports that the Cubs may go into bankruptcy to make it easier for the club to be sold.   You may remember that the Tribune company wanting to sell the Cubs was the genesis of what ultimately ended up in Governor Blago being caught trying to blackmail the Tribune Corporation into firing members of its editorial board.  The Tribune company being unable to sell the Cubs to raise money then declared bankruptcy.