» Detroit close to deal with last major creditor Alex Jones’ Infowars

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Detroit and its last major holdout creditor are hashing out a settlement that would be a major step ahead for the city as it fights to defend its bankruptcy exit plan in federal court.A deal is close but the city and Financial Guaranty Insurance Co. are working out terms of the agreement, a person familiar with the matter confirmed late Monday.Details of the potential settlement were scarce Monday but likely involve giving Financial Guaranty Insurance Co., a bond insurer with a $1.1-billion claim against the city, a share of bonds Detroit plans to issue to settle debts with creditors, and potentially city real estate or other assets in downtown Detroit. The settlement would mirror one the city made with Syncora Guaranty, which had been Detroit’s staunchest opponent in bankruptcy before settling.

via » Detroit close to deal with last major creditor Alex Jones’ Infowars: There’s a war on for your mind!.

 

TIME FOR A COME BACK!!!

Let's Do This!!!

Let’s Do This!!!

 

Thanks for reading.

Tim

 

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RT @TheD_Zone: We have confirmed that former OLSM/California 2016 LB Daelin Hayes has transferred to Detroit Cass Tech. http://t.co/XaVo6…

Auto Factoids for Week of Oct 28, 12

This was a slow week in auto history.

A not so small feat was the formation of the Little Motor Car Co on 10/30/1911 – The Little was an automobile built in Flint, Michigan by the Little Motor Car Company from 1912-15. The Little first was available as a two-seater with a four-cylinder 20 hp engine, and had a wheelbase of 7 ft 7 in (2,310 mm) . In 1914 a 3.6 L six-cylinder L-head engine was available in a later model that had a larger chassis. This was phased out in 1915 as it was too close in size and price to the Chevrolet Six. Durant merged the Little Company and Chevrolet in 1913, gave the Chevrolet name to the Little car and moved manufacturing from the Detroit plant to Flint.

The Little was merged into Chevy in 1913.

On Nov 1, 1955 Studebaker debuted the “Hawk”.  – Hawk came in the Power, Sky, Golden, Flight in it’s first production year  1956. Want to talk rare cars?  How about the Flight Hawk in the K7 body type – only 560 produced.  The Power Hawk numbered 7,095; Sky Hawks 3,050 and the Golding Hawk came in at 4,071.

Golden Hawk

 

56 Flight Hawk

 

Power Hawk

 

’56 Sky Hawk

 

On Oct 2, 1935 two debuts for you –

The Cord 810 and the Ford Zephyr

1935 Cord 810

 

1936 Ford (Lincoln) Zephyr

 

 

Thanks for reading.

Tim