Business Credit Information

January 13th, 2012 admin

Can your credit card help to refinance your business debt?

 
Debt is taking a serious shape in the face of the global recession. A
large number of people have incurred insurmountable amount of debts
after the recent financial collapse in the US. If your financial
situation does not seem to be rosy then you should take a wise
decision to eliminate your financial woes. Generally, people take out
a secured business loan and they are required to use collateral
against the borrowed amount. If you do not want your assets to be
repossessed then you can consolidate bills with your credit card. 
 Consolidation is a type of refinancing where your
multiple loans are replaced with a new loan. It will be beneficial to
consolidate your secured debt with unsecured loan [...] Continue Reading…

Honda widens recall for airbag problem

December 13th, 2011 admin

Linda Young – AHN News Writer
Torrence, CA, United States (AHN) – Japanese automaker Honda has expanded its previously announced recall of vehicles with dangerous air bags to include almost 900,000 vehicles. The recall affects only vehicles sold in the United States and includes model years 2001 to 2003 of the affected cars. The recalled vehicles now include certain 2001 and 2002 Accord, 2001 to 2003 Civic, 2001 to 2003 Odyssey, 2002 and 2003 CR-V, 2003 Pilot, 2002 and 2003 Acura 3.2 TL and 2003 Acura 3.2 CL models, Honda officials said in a statement. Honda first said the driver’s airbag inflator needed to be replaced because it had a risk of deploying with too much pressure [...] Continue Reading…

GM CEO: Earnings good, but not good enough

November 15th, 2011 admin

Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – General Motors reported better than expected earnings in the third quarter on Wednesday, but CEO Dan Akerson said the quarter “isn’t good enough,” a signal that more cost cutting lies ahead. GM, the U.S.’s largest automaker, earned $1.7 billion, or $1.03 a share in the third quarter, down from $2 billion earned in the last full period before its initial public offering. While better than analysts’ estimates of 96 cents a share, Akerson said in the company’s earning statement Wednesday “Solid isn’t good enough, even in a tough global economy.” The company did not give specific guidance on net income in the fourth quarter [...] Continue Reading…

Chinese companies buying automaker Saab

November 1st, 2011 admin

Linda Young – AHN News Writer
Stockholm, Sweden (AHN) – Struggling automotive icon Saab will change hands again in a proposed deal to save it from bankruptcy by selling it to two Chinese companies. Swedish Automotive will sell its Saab unit to Chinese distributor Pang Da Automobile Trade and auto manufacturer Zhejiang Youngman Lotus Automobile. The two will pay a mere $142 million for the 62-year old auto manufacturer. General Motors sold Saab to Swedish Automotive only 2 years ago as part of GM’s restructuring to avoid bankruptcy itself. Since that sale, Saab has had extreme economic woes that it has not manufactured a car since April and it has been in court trying to avoid bankruptcy. [...] Continue Reading…

Suzuki demands VW return shares after alleged contract breach

October 18th, 2011 admin

Kris Alingod – AHN News Contributor
Tokyo, Japan (AHN) – Suzuki Motor Corp. on Friday accused Volkswagen of breaching a contract to make energy-efficient cars. The Japanese automaker demanded that VW “remed[y] numerous breaches” of the two companies’ 2009 Framework Agreement by returning Suzuki stock. “This capital alliance was intended to facilitate Suzuki’s access to VW’s core technologies,” Suzuki’s chairman and chief executive Osamu Suzuki said in a statement. “I remain disappointed that we have not received what we were promised. If Volkswagen will not allow access it must return Suzuki’s shares.” VW spokesman Michael Brendel responded in a statement to Bloomberg, “The accusations are completely unfounded. Volkswagen has from the start done all it could to [...] Continue Reading…

Chrysler has best September since 2007

October 4th, 2011 admin

Diane Alter – AHN News Reporter
Auburn Hills, MI, United States (AHN) – Chrysler’s sales rose 27 percent in September, marking the automaker’s best September performance in four years. The jump in sales was fueled by broad gains across all its brands. Chrysler has posted year-over-year gains for 18 consecutive months. Retail sales soared 50 percent from the same period last year. The big jump in sales from Chrysler, which sells more trucks than cars, came mostly from sales of mid- and full-size sedans, and well as several of its larger vehicles. Sales of Ram trucks soared 42 percent; Jeep sales increased 24 percent and Dodge sales were up 10 percent. Total sales were 127,334 for September, up [...] Continue Reading…

Honda recalls million cars worldwide

September 6th, 2011 admin

Jupiter Kalambakal – AHN News Reporter
Tokyo, Japan (AHN) – Japanese automaker Honda Motor Co. is set to voluntarily recall close to a million car models to repair troubles with power windows and computer equipment. The global recall will be done in two categories. Some 936,000 units of the Fit subcompact, CR-V crossover and Fit Aria in North America, Asia, Europe and Africa are part of the first category. The Fit is called Jazz in some overseas markets, while the Fit Aria is also known as City. The second category, meanwhile, will involve 26,000 CR-Z compact hybrid models in Japan, the United States, Canada and other markets. Both overseas recalls will cost the Japanese carmaker $16.8 million. [...] Continue Reading…

General Motors to manufacture plug-in Cadillac ELR plug-in hybrid electric car

August 23rd, 2011 admin

Vittorio Hernandez – AHN News
Detroit, MI, United States (AHN) – General Motors announced on Wednesday that it will manufacture a plug-in hybrid Cadillac. The new environment-friendly model would use technology similar to GM’s Chevrolet Volt, which the company rolled out in 2010. Reports said that the ELR’s tag price would be lower than Tesla Motor’s Model S’s $57,400. GM’s 2012 Volt has a $39,995 price tag, which includes shipping. The model would run 25 miles or more between recharges, but would also have a backup gas motor for longer travels. It will feature a T-shaped lithium ion battery, electric motors and four-cylinder engine generator. Ed Welburn, GM design chief, said the plug-in Cadillac will have [...] Continue Reading…

GM earnings soar 92 percent on global sales

August 9th, 2011 admin

Linda Young – AHN News Writer
Detroit, MI, United States (AHN) – General Motors saw its second quarter earnings surge by 92 percent compared to the same period a year earlier. It earned $2.5 billion compared to the $1.3 billion GM earned a year earlier. The nation’s No. 1 automaker had revenue of $39.4 billion, up by 19 percent on improved average pricing and numbers of vehicles sold. Only two years out of a federal bailout, most of GM’s growth came from U.S. sales, which increased by 11 percent to 669,000 vehicles sold while company-wide growth increased by 7 percent overall to 2.3 million vehicles sold worldwide. For the first time in years, GM made [...] Continue Reading…

Volkswagen postpones  MAN supervisory board takeover

July 20th, 2011 admin

Kris Alingod – AHN News Contributor
Wolfsburg, Germany (AHN) – Volkswagen on Monday postponed its appointment of executives to truckmaker MAN’s supervisory board following advise from the European Union. The Wolfsburg-based company said it is in “constructive discussions” with the EU Commission after the panel said the appointments should be made after anti-trust clearance of the merger with MAN. VW held off nominating chief executive Martin Winterkorn, chief financial officer Hans Dieter Poetsch, and the automaker’s chief for commercial vehicles, Jochem Heizmann, to MAN’s supervisory board. Instead, the company named executives Ulf Berkenhagen and Thomas Kremer, who are current members of the board, consistent with VW’s 29.9 percent share in MAN. A third executive, Matthias Bruse, was [...] Continue Reading…

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