Here is an article which details Delphi’s successful business operations in China despite the bankruptcy filing in the United States.

Quote:
In China, by contrast, the company is profitable and growing. From nine employees and $20 million in revenue a decade ago, Delphi China now employs more than 8,000 people and sold $637 million worth of automobile [...]

Here is an interesting article out of Detroit News relating to the Chrysler factory’s efforts to push large chunks of inventory down to dealers. It appears that this is a different sales strategy than that being used at Ford and GM, but one that at least for now is working to move cars (along [...]

Under last year’s bankruptcy amendments, in determining whether a debtor qualifies for a Chapter 7 bankruptcy proceeding or must proceed under Chapter 13, a debtor and his attorney must run the debtor’s finances through a means test to determine the amount of disposable income available to pay unsecured creditors. Similarly, when a Chapter 13 debtor [...]

After the social security numbers were partially removed from court filings to protect an individual’s identity, now we are finding social security numbers on state government’s web sites, just waiting for the taking.

An article from USA Today describes how common it is for various states’ secretaries of state to contain personal information on their web [...]

A man was showing off his new Escalade’s features, when OnStar called the police unbeknownst to him. The police arrested him after seeing cocaine on the console of his new car.

http://www.miami.com/mld/miamiherald/13990873.htm

Mike

Here is an article which details a car crash involving a rare and expensive Ferrari (aren’t they all?), claims of a high speed race with a (rare and expensive) Mercedes which may not have occurred, a German pistol, secret men flashing badges conducting interviews all tied up with Homeland Security. Go figure.

http://news.independent.co.uk/world/americas/article349542.ece

Mike

It’s bad when a Judge denies your motion. It’s even worse he denies your motion based on incomprehensibility. Worst is when the Judge uses a quote from the Adam Sandler movie “Billy Madison” in the order denying your motion.

Judge Leif M. Clark of the U.S. Bankruptcy Court for the Western District of Texas, [...]

A second large auto parts manufacturer has filed for chapter 11 bankruptcy. Dana, like its competitor Delphi, supplies American automobile makers GM and Ford. Here is a quote from the article, linked below:

The Toledo, Ohio-based auto parts maker filed for protection in bankruptcy court in the Southern District of New York in an [...]

In a recent opinion by the 11th Circuit Court of Appeals, the Court ruled in favor of Andreini Lamp, Company (”Andreini”), a preference defendant, holding that Andreini was not the initial transferee of the alleged preferential transfer. Andreini was a California insurance broker who arranged insurance coverage for the Debtor, Pony Express. Andreini [...]