Now that the Bankruptcy Court has approved the sale of Chrysler’s assets to a consortium of buyers lead by Italian carmaker Fiat, the next major issue is which Dealer Agreements will be assumed and which ones will be rejected. 

Bloomberg reports that Magna International Inc., Canada’s largest auto-parts supplier, is in talks with General Motors Corp. about acquiring the Saturn brand as the automaker shrinks operations, people familiar with the discussions said.

MAKE THE MOST OF TROUBLED TIMES.   After serving on a recent panel with three local entrepreneurs at our local American Marketing Association luncheon. I thought some of the themes and ideas that were discussed at that lunch belong on this blog, because I firmly believe that small businesses, privately owned businesses,  – businesses started, [...]

SEE OPPORTUNITY IN TROUBLED TIMES. Recently, I was fortunate to be on a panel with three local entrepreneurs at our local American Marketing Association luncheon. The topic was ” Start a Business? In THIS Economy?!?” On the panel with me were: Ed Gooding, Owner of The Merge Computer Group Connie Hom, Owner of Buckingham Greenery [...]

President Obama and Treasury Secretary Timothy Geitner announced Monday that $15 billion of the Troubled Asset Relief Program (TARP) will be committed to the Small Business Administration (SBA) so that the government can purchase SBA-backed loans from the banks that have originated them. The SBA FAQ is here. SBA lending has crashed with all other [...]