Word: cavaliere
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Of course, the reason auto executives are coming clean about their companies' shortcomings is not that they've suddenly decided it's the right thing to do. Rather, Detroit is owning up to its lemon-strewn past by way of touting its peachy present. Capping a year that has seen...
One source says Libby told the state she hadstarted Cavalier with a $450 loan from her mother.
The certification process is usually a simplematter of offering proof that at least 51 percentof the business is owned by a woman or minority.Libby has said she is the sole owner of Cavalier.
But an official at the state office of minoritybusiness held up Libby's certification for weeks,sources say, because the Cavalier owner could notaccount for how the company was founded.
According to Lynn Wachtel, the executivedirector of the state office of minority business,Cavalier eventually won certification as awoman-owned business, Sources say documentssubmitted by Libby finally cleared up the matter.