plus 3, U.S. Bank hiring 60 to expand Brookfield credit card unit - Milwaukee Journal Sentinel |
- U.S. Bank hiring 60 to expand Brookfield credit card unit - Milwaukee Journal Sentinel
- South Milwaukee launches 'Fresh Water Days' promotion - Milwaukee Journal Sentinel
- 2011 Chevrolet Silverado Heavy-Duty revealed - MSN Money
- Honda expands recall for faulty air bags - Worcester Telegram & Gazette
U.S. Bank hiring 60 to expand Brookfield credit card unit - Milwaukee Journal Sentinel Posted: 10 Feb 2010 08:42 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. Developer Jeffrey Klement, of Icon Development Corp., has filed for Chapter 7 bankruptcy after running into several foreclosure suits involving development sites and suburban condominium projects in the Milwaukee area. Klement, in a recent filing, listed assets of $3.6 million, and liabilities of $27.9 million. The largest unsecured creditors are real estate lenders and investors, including Amcore Bank, $5.6 million; Harris Bank, $2.55 million; M&I Marshall & Ilsley Bank, $2,125,000; Waterstone Bank, $2 million; Robert Dobberstein, $1.4 million; USA Funding, $1.2 million; Guardian Credit Union, $1,075,000; Johnson Bank, $1 million; North Shore Bank, $1 million; Don Johnson, $1 million, and Raymond Schultz, $1 million. Klement was chief executive officer of Franklin-based Icon Development, which now is apparently defunct. Its phone number has been disconnected. He is part of the family that owns Klement Sausage Co., which is not involved in the bankruptcy filing. Icon developed several suburban condo projects before running into financial trouble when the housing slowdown hit. That led to a number of foreclosure suits, including some filed last year by North Shore Bank, Associated Bank and Harris Bank. »Read Full Blog Post Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
South Milwaukee launches 'Fresh Water Days' promotion - Milwaukee Journal Sentinel Posted: 10 Feb 2010 08:49 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. Developer Jeffrey Klement, of Icon Development Corp., has filed for Chapter 7 bankruptcy after running into several foreclosure suits involving development sites and suburban condominium projects in the Milwaukee area. Klement, in a recent filing, listed assets of $3.6 million, and liabilities of $27.9 million. The largest unsecured creditors are real estate lenders and investors, including Amcore Bank, $5.6 million; Harris Bank, $2.55 million; M&I Marshall & Ilsley Bank, $2,125,000; Waterstone Bank, $2 million; Robert Dobberstein, $1.4 million; USA Funding, $1.2 million; Guardian Credit Union, $1,075,000; Johnson Bank, $1 million; North Shore Bank, $1 million; Don Johnson, $1 million, and Raymond Schultz, $1 million. Klement was chief executive officer of Franklin-based Icon Development, which now is apparently defunct. Its phone number has been disconnected. He is part of the family that owns Klement Sausage Co., which is not involved in the bankruptcy filing. Icon developed several suburban condo projects before running into financial trouble when the housing slowdown hit. That led to a number of foreclosure suits, including some filed last year by North Shore Bank, Associated Bank and Harris Bank. »Read Full Blog Post Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
2011 Chevrolet Silverado Heavy-Duty revealed - MSN Money Posted: 10 Feb 2010 07:59 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. 2011 Chevrolet Silverado HD In the world of big — really big, manly trucks — Chevrolet had grown a bit long in the tooth. No more, counters the bow-tie brand, with an extensive update of the Chevrolet Silverado heavy-duty pickup for 2011 that focuses on improvements to the engine and chassis. It breaks cover on Wednesday at the Chicago auto show. Nearly all of the changes are underneath the sheetmetal, and at a glance, this truck looks similar to the previous version. But Chevy had a choice: ladle out the product-development cash or simply focus on what matters for work trucks — the mechanicals. Chevy went with the latter and the result is an improved towing capacity of 20,000 pounds for the Duramax diesel and a top payload of 6,335 pounds for Vortec V8-fitted trucks. The 6.6-liter Duramax turbodiesel V8, in its fourth generation, is about 60 percent new, with fresh pistons and connecting rods, though the block and heads are carryovers. It also offers a cold-start feature that engineers claim is comparable to a gasoline-powered motor, and no engine-block heater is required until the temperature drops below 20 degrees. The motor works with a six-speed Allison transmission. The new Duramax diesel has reduced nitrous-oxide output by 63 percent over the previous model and is B20 biodiesel capable. Left unsaid were the horsepower and torque figures, which are expected to be revealed in the next few weeks after testing is completed. Chevy says they'll be significantly higher than last year, when the Duramax pumped out 365 hp and 660 lb-ft of torque. Fuel economy is expected to improve by 11 percent on the highway, and the new 36-gallon tanks allows for a 680-mile range on the highway. For gasoline-powered trucks, the 6.0-liter Vortec V8 returns in tandem with the Hydra-Matic six-speed automatic. Look for specs to be close to last year's 360 hp and 380 lb-ft of torque. The chassis is new, except for two front stabilizer links (the last major chassis re-do was 2001). There's an independent suspension in front, and a 25 percent increase in the front-axle weight rating. There's also an adjustable trim height in front for snow-plow fittings. The rear has an asymmetrical leaf configuration and has been adjusted to handle the increase in torque and any launch shudder. The boxed frame is made of high-strength steel, which Chevy says makes it five times stiffer. Chevy also says all of this makes for improved ride and handling, and it's aiming for best-in-class status. The Silverado gets plenty of new amenities for 2011, including trailer-sway control, hill-start assist and a smart exhaust brake. The truck also gets bigger brakes with 14-inch rotors (up from 12.8 inches last year) with stiffer, stronger calipers and reduced pedal travel. Faced with a development budget crimped by the financial difficulties General Motors has endured recently, Chevy opted to keep the cosmetic changes to a minimum and the new truck looks nearly identical to its predecessor. The front is slightly altered for 2011, with a new hood, grille and chrome bumper. The interior is carryover. Look for a sheetmetal redesign in about two years. Eschewing a new style for elbow-grease substance, Chevy says the new truck is a workmanlike effort pulled off with its workman customer base in mind. "This is the most expensive tool in their toolbox, or it is their toolbox" said Rick Scheidt, executive director of product and marketing for Chevy trucks. Engineers spent 500,000 hours testing the truck and are confident it will last for 400,000 miles. The Silverado goes into production in May and is expected to arrive on the market in June. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Honda expands recall for faulty air bags - Worcester Telegram & Gazette Posted: 10 Feb 2010 08:13 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it.
TOKYO
Honda Motor Co. is adding 437,000 vehicles to its 15-month-old global recall for faulty air bags in the latest quality problem to hit a Japanese automaker.
The company will replace the driver's side air bag inflator in the cars because they can deploy with too much pressure, causing the inflator to rupture and injure or kill the driver. Japan's No. 2 automaker originally announced the recall to the U.S. National Highway Traffic Safety Administration in November 2008 and the total of number vehicles recalled since then is approaching 1 million. The latest expansion of the air bag recall includes 378,000 cars in the U.S., some 41,000 cars in Canada and 17,000 cars in Japan, Australia and elsewhere in Asia. The North American recall was announced Tuesday and followed Wednesday by the recall in Asia. The recall now affects 952,118 vehicles, including certain 2001 and 2002 Accord sedans, Civic compacts, Odyssey minivans, CR-V small sport utility vehicles and some 2002 Acura TL sedans. Honda's announcement comes at a time of increased attention on automotive recalls. Though the problems are unrelated, rival Toyota Motor Corp. is in the process of recalling more than 8 million cars and trucks due to faulty gas pedals. On Tuesday, Toyota said it would recall nearly 440,000 of its flagship 2010 Prius and other hybrids due to a braking glitch. "There is a heightened sensitivity right now to anything to do with recalls," said John Mendel, executive vice president of sales for American Honda. Honda said it is aware of 12 incidents linked to the problem _ one death in May 2009 and 11 injuries. The company said it is not aware of any problems happening after July 2009. Honda decided to expand the recall after a company investigation found that more cars might contain defective air bag inflators, made by supplier Takata Corp., based in Tokyo. The problem, the company found, could be traced to a stamping machine that sometimes used insufficient pressure to make the inflators. Honda company decided to recall all vehicles using the compressed inflator propellant produced by that machine, it said in a release. "It took time to come to that conclusion because we had to do many tests," said Natsuno Asanuma, a manager of public relations at Honda in Tokyo. "We have concluded this is the cause." One analyst suggested Toyota's woes may have lowered the bar for recalls, prompting automakers to announce full-fledged recalls for problems that would normally be handled during regular car inspections or service campaigns calling in cars at the owner's convenience. "With Toyota's big problems, Honda probably realized it couldn't avoid a recall in these other models," said Toshirou Yoshinaga, an analyst at Aizawa Securities in Tokyo. But Honda's Asanuma denied Toyota's problems had any impact on Honda's actions, while acknowledging increased consumer sensitivity to safety issues. "We are following the normal procedure, so it doesn't mean customers' feelings changed our attitude," she said. "There are strict regulations regarding recalls." Honda's latest U.S. air bag recall affects certain 2001 and 2002 Accord sedans, Civic compacts, Odyssey minivans, CR-V small sport utility vehicles and some 2002 Acura TL sedans. In Japan, the recall covers three models produced in 2001 and 2002, including the Inspire, Saber, Lagreat. The automaker's original announcement to NHTSA in November 2008 involved fewer than 4,000 2001 Accords and Civics. The recall was expanded in July of 2009 to 440,000 vehicles including the 2001 and 2002 Accord and Civic, as well as certain 2002 Acura TL sedans. Honda says owners should take their vehicles to dealerships as soon as they are notified by the company in writing. Notification will begin during the month of February. Last month Honda recalled 646,000 Fit hatchbacks worldwide because of a glitch that could cause water to enter the power window mechanism, causing components to overheat. The Fit recall affects 2007-2008 models. The Fit is sold in other countries as the Jazz and City. The recall affects Asia, Latin America, Europe, South Africa and North America. About 140,000 vehicles are affected in the U.S. ___ Associated Press writer Malcolm Foster contributed to this report.
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