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Posts with tag divorce

Post-merger, Fiat ditches Nanjing joint venture

Hot on the heels of Nanjing Auto's merger with SAIC, Fiat has announced it has pulled out of the automotive joint venture it had embarked upon with Nanjing.

The Sino-Italian operation had been a money-losing enterprise for years. Fiat says that Nanjing failed to live up to its commitments to the joint venture after the Chinese auto group took over MG Rover, and that the divorce will enable the Italian automaker to re-strategize its business in China. Fiat is expected to partner instead with Chery Automobiles, which just announced another joint venture with Israel Corp. Fiat and Chery are in the process of setting up another joint venture to produce 175,000 cars annually starting in 2009, and leading to the introduction of Fiat Group division Alfa Romeo to the Chinese market.

The separation affects only the cooperation between Fiat and Nanjing on the production of passenger cars, and doesn't have any bearing on Fiat's truck-building division, Iveco, which cooperates with Nanjing to build vans and with Nanjing's new parent company SAIC on trucks, the two relationships will continue unhindered.

[Source: Automotive News - Sub. Req.]

Busted by E-ZPass: Divorce lawyers use toll device to snag cheaters

ezpassAutomated toll collectors like E-ZPass have been around for a while now, and while they make life easier for commuters, they can come back to bite 'em too. Case in point: use your E-ZPass to get to a little extra-curricular extra-marital appointment, and you make it E-Zer for your spouse's attorney to nail you when the inevitable divorce proceedings come to pass.

Lawyers with E-ZPass records in hand make short work of lying, cheating spouses. The electronic breadcrumbs these devices leave make it a snap to show when someone went somewhere they they claim they didn't. Of course, all the offender needs to do is leave the thing at home or stick it in the glovebox and presto: problem solved. For some of them, however, waiting in line to pay tolls in cash is too much to ask. So you might say that E-ZPass makes the cheaters pay twice - once at the toll, and then again in court. And that second payback's a real bitch.

[Source: WCBS-TV NY]


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