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D-day for General Motors: GM files for bankruptcy
Tue, 02 Jun 2009By Tim Pollard Motor Industry 02 June 2009 06:57 General Motors today faces the humiliation of collapsing into bankruptcy. It marks the 1 June deadline imposed by US president Barack Obama for the General to sort out its business – or seek protection from creditors in the bankruptcy courts. As we’re all too painfully aware, GM has been unable to perform miracles, triggering one of the greatest industrial collapses seen in American corporate history.
Crucified cassette, Hindi BMW remix CD and other junkyard musical finds
Mon, 24 Mar 2014In addition to holiday-themed displays assembled by junkyard employees and the occasional sad, flood-victim Volvo Amazon, I frequently find homemade mix CDs and cassette tapes while prowling through wrecking yards. In fact, it would be possible to go into just about any high-inventory-turnover self-service wrecking yard in North America and come away with several dozen such discs and tapes, if anybody ever felt motivated to do such a thing. I haven't, yet.
Ford reports record $1.7 billion profit
Tue, 26 Oct 2010Ford Motor Co. reported record third-quarter profits on Tuesday, raised its production forecast and said it will speed up steps to cut its debt. Ford's $1.7 billion in net income was up from $997 million a year earlier.