Word: cans
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Dates: during 2000-2009
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The Obama Administration is gearing up to play hardball with mortgage companies that only temporarily lower struggling homeowners' monthly payments. But as the drive to make more loan modifications permanent kicks off, there's a weightier question to ask: Can the government's $50 billion foreclosure-prevention initiative deal with...
Still, the larger storm cloud on the horizon is the state of the jobs market. While an out-of-work person can, theoretically, get a loan modification under HAMP by proving eligibility for at least nine months of unemployment benefits, the program isn't set up to handle someone without...
Other critics contend that Toyota may be imposing a fix without fully understanding the problem. "For years, Toyota Motor Corporation has dismissed complaints of sudden acceleration as being the driver's fault," says David Wright, a Redlands, Calif., attorney, who recently filed a class-action lawsuit against Toyota. "But neither...
Toyota spokesman Mike Michels declined to comment on a class-action lawsuit filed by Wright. However, Toyota has said in a separate statement posted on its website that it has studied accidents extensively and ran hundreds of tests in sealed chambers to see if the control module - the heart of...
Nevertheless, Toyota, which has seen its sales in the U.S. fall 28%, was planning to spend more than $1 billion on advertising, incentives and "incremental" production, starting in the fourth quarter. "You can't save your way through a recession; you've got to sell," Carter told reporters recently. The...