In the first instance, besides Washington Mutual failing, of myself actually seeing an example of the economic meltdown, today's news brought word of another business, with which I had done business, failing.The Alan Young GMC dealership in North Richland Hills was shut down on Monday after General Motors Acceptance Corporation cut Alan Young's credit, stopping him from being able to buy and finance cars from GMC.
Alan Young is the first dealer in the Fort Worth, Tarrant County zone to go under since cars sales dropped hugely following the Wall Street Meltdown.
I feel a bit sorry for the 55 employees who have lost their jobs. But not all that badly. Because among those 55 are likely Alan Young mechanics who incompetently "fixed" my van on more than one occasion.
Alan Young had to replace the fan control switch for the heater/AC 3 times. Alan Young fixed something to do with the fuel pump, only to have it fail again within a short time, with Alan Young not assuming responsibility for making the repair. Alan Young messed up my transmission and then tried to claim it was already like that.
I complained to GMC about the Alan Young dealership. I do not believe it was an "honest" shop. An employee of Alan Young's told me that there were a lot of problems with repairs.
I really am not a fan of the auto maker bailout.
