Thursday, July 7, 2011

Bankrupt GM owes Enterprise Rent-A-Car, Maritz millions - St. Louis Business Journal:

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billion in revenue in 2008. GM had promised to buy back $33 million in vehicles from Enterprise as part of a repurchaseagreemeng that's similar to a lease, said Christyh Conrad, a spokeswoman for Enterprise. "We have a good workinyg relationship with GM and have receive d assurances that the manufacturer will hono rthe agreement," she said. GM also owes Maritzx Inc. in Fenton more than $25.6 million, according to the GM hirefd Maritz to perform customer satisfaction researchand surveys, as well as trainin for dealers to boost customer Maritz also provides event and incentive programsd for GM.
"Maritz leadership has been in close contact with GM throughoutr its reorganizationplanning process," said Beth a spokeswoman for Maritz. "We believe the relationshi will continue." Maritz also performs work for , whicjh in April. Maritz continues to receivee paymentsfrom Chrysler, Rusert said. a family-owned sales and marketing services companyin Fenton, reported $1.49o billion in revenue in 2008. GM, whicj makes Chevrolet Express and GMC Savanas vansin Wentzville, listed $173 billionh in liabilities and $82 billion in asset s in its bankruptcy filing.

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