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I owe AIG $3500 from a personal loan. Do I have to pay them??? According to the feds, a family of 4 will end uppaying AIG 40,000. Can't I send them a letter stating that my loan is paid...that they actually owe ME $36,500????
Recent Posts Tagged With 'airlines autos'
JAL Falls on Report That Agencies Eye Bankruptcy
Shares of Japan Airlines fell nearly 7 percent on Wednesday after a newspaper said the carrier's main creditor and the finance ministry support bankruptcy as a way to restructure the heavily indebted airline....
Hyundai Motor Announces China Truck Venture
Hyundai Motor said Sunday it had agreed to launch a $400 million truck manufacturing venture in China with a local partner as it seeks further inroads in the world's biggest auto market....
Another View: Forget Ideology. Let\'s Fix the Economy
Albert Koch, a turnaround veteran at AlixPartners who helped restructure General Motors and now leads "Old G.M.," argues in Another View that pragmatism, not ideology, will be important to reworking the bankruptcy process and rehabilitating the econo...
G.M. to Close Saab After Sales Talks Fail
General Motors said on Friday that shutter its Saab brand after sales talks with a Dutch specialty car maker, Spyker Cars, foundered....
Chinese Firm Strikes Deal to Produce Saab Models
Even as other potential buyers circle Saab, Beijing Automotive Industry Holding has struck a tentative agreement for the right to produce several of the beleaguered Swedish manufacturer's models, The New York Times reported....
BA Said to Turn Down P.E. Bids for OpenSkies Unit
It looks the private equity firms angling for a stake in British Airways' OpenSkies subsidiary are out of luck, after the carrier said Friday that it has decided to keep full ownership of the unit....
VW Shareholders Vote in Favor of Capital Increase
Volkswagen shareholders voted nearly unanimously to approve a plan to issue up to 135 million preferred shares, a move that will give the German car maker added capital for the takeover of Porsche....
Tesla to Build Model S in a Plant Near Los Angeles
Tesla Motors is close to a deal to build an electric car factory at the site of a former N.A.S.A. manufacturing plant in Downey, Calif., a blue-collar city south of Los Angeles....
Volkswagen Board Moves Closer to Porsche Merger
Volkswagen said Friday that its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal....
Buyout Shops Said to Circle Citi\'s Auto Loan Unit
Private equity firms are reportedly kicking the tires on Citigroup's auto-loan business....
G.M. I.P.O. Could Come in 4th Quarter of 2010
General Motors should focus on making money and repaying U.S. Treasury loans before turning to public markets to sell the taxpayer's stake in the automaker, the head of the Obama administration's auto task force told Reuters....
A Post-Mortem on the Opel Deal
The German council of economic advisers, or "five wise men," slammed the way the previous administration of Angela Merkel, who returned for a second term as chancellor in September, tried to save Opel from bankruptcy....
TPG May Team With American for JAL Stake
TPG may be joining the fray in the battle over Japan Airlines, possibly teaming up with American Airlines to buy a stake in the troubled carrier....
Chairman Says G.M. Can Repay Taxpayers
The chairman of General Motors, Edward E. Whitacre Jr., said Tuesday that the automaker would be able to repay all of its government loans and would begin doing so soon....
For G.M., Work at Opel Includes Mending Fences
A week after angering German politicians and labor leaders by calling off plans to sell Opel to a group backed by Berlin, senior General Motors executives promised more independence for the European unit....
G.M. Readies Opel Plan as Workers Strike
General Motors said Thursday it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automaker's decision to keep the European unit....
G.M. Board Expected to Decide Fate of Opel
General Motors's board is expected to decide Tuesday the fate of Opel and Vauxhall, ending more than a year of uncertainty surrounding its business and the restructuring in Europe and the United States....
U.S. to Allow G.M. to Use Loans to Invest in Delphi
The federal government has granted General Motors permission to use $2.8 billion in borrowed money to help its former parts division, the Delphi Corporation....
