… The details of the bankruptcy case:

“On Jan. 2, 2004, the debtor-husband leased a new 2004 Toyota Sienna minivan. The lease called for 48 monthly payments of $525.27. The debtor had the option of buying the vehicle at the end of the lease for $12,793. A certificate of title was issued to Toyota Motor Credit Corp. as owner and lessor. On April 15, 2008, the debtor exercised the option to buy the vehicle and signed a retail installment contract calling for 48 monthly payments of $469.26. …

Tags: Bankruptcy Chapter 13 Title 11 United States Code Toyota Toyota Motor Credit

… will allow GM’s labor costs to put the company in position to be fully competitive with Toyota Motor Corp.

Here’s hoping GM’s bankruptcy dreams become reality!

… Ford sold 93,060 light vehicles in January, compared with 155,832 in the same month of 2008. Toyota sold 117,287 vehicles, down from 171,849. Light vehicle sales exclude heavy trucks.

Other automakers also are expected to report lower sales when they release their figures later Tuesday. The industry has reported at least a 30 percent decline in U.S. sales every month since October.

A 30 percent sales decline every month? That’s huge! With sales declines like that these, …