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debt

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    Motorsports: Lotus F1 team $186 million in debt
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    The Lotus F1 team has fallen on some hard times. Majority-owned by investment firm Genii Capital and having little to do with the British automaker with which it shares its name, the Enstone-based outfit has been widely reported to be in serious financial trouble. The extent of those difficulties ...

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    Report: Sweden asks collector to pursue $15.9M Saab bill
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    According to Reuters, the Swedish government is pursuing a $15.9 million debt that it says is owed by Saab. The country said that if the carmaker's newest owner, Spyker, didn't turn over the funds by September 20, that it would leave the matter in the hands of its official debt collector. Since ...

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    REPORT: Chrysler unlikely to pay back most recent $4.5 billion gov't loan
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    Repayment of the $4.5 billion life-line in U.S. and Canadian loans that a federal bankruptcy court allowed yesterday is "highly unlikely," according to Ron Manzo, a top company adviser. To Chrysler's bankruptcy legal team, that is not the issue. Urging the court "to let this company live," ...

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    Ford might increase cuts in slow economy
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    Mark "the Mullet" Fields dropped some small ordinance during an interview with the Wall Street Journal today, saying that if the slow U.S. economy puts the automaker at risk of not meeting its financial goals for the next two years, it may increase the rate at which it will cut costs.To quote ...

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    Koenigsegg is in debt, but not circling the drain
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    There are a number of hurdles to overcome when playing to people's egos, adrenal glands and pocket books. When combing the three into a cohesive, four-wheeled package, the task is even more daunting. Although Koenigsegg has only been in the business for five years, it knows that troubles don't end ...

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    Recent Ford bond issues to pay out record returns
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    From all appearances, Ford Motor Company feels it will need a well-baited hook in order to attract investors to its most recent issue of bonds. As such, the Blue Oval crew is offering $2.5 billion with rates as high as 10.75 percent - a record for the company. Analysts state that this is ...

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    FCC lobbied by debt collectors to allow auto-dialing of mobile phones
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    According to the Washington Post, debt collectors are lobbying the Federal Communications Commission (FCC) to again use automated dialers to contact mobile phones of debtors. Previously, collectors could use such technology but were banned back in 2003 as part of the FCC’s crackdown on ...

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