Friday, October 22, 2010

Bankrupt GM owes Enterprise Rent-A-Car, Maritz millions - Memphis Business Journal:

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billion in revenue in 2008. GM had promised to buy back $33 millio n in vehicles from Enterprise as part of a repurchaseagreement that'w similar to a lease, said Christy a spokeswoman for Enterprise. "We have a good workin g relationship with GM and have received assurances that the manufacturer will honorrthe agreement," she said. GM also owes Maritz Inc. in Fentoj more than $25.6 million, according to the GM hiree Maritz to perform customer satisfaction research and as well as training for dealers to boostcustometr satisfaction. Maritz also provides evenr and incentive programsfor GM.
"Maritx leadership has been in close contact with GM throughout its reorganizationmplanning process," said Beth Rusert, a spokeswomanb for Maritz. "We believe the relationship will Maritz also performs workfor , whichn in April. Maritz continues to receivwe paymentsfrom Chrysler, Rusert said. Maritz, a family-ownes sales and marketing services companyin Fenton, reportefd $1.49 billion in revenue in 2008. GM, whic makes Chevrolet Express and GMC Savana vans in listed $173 billion in liabilitiese and $82 billion in assetsx in its bankruptcy filing.

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