Immelt Defends GE’s Lower U.S. Tax Payments

March 31, 2011 by · Leave a Comment 

Jeffrey Immelt GE CEO Jeffrey Immelt said the company has paid lower taxes over the past few years than what a company would typically pay mainly because of $32 billion in losses suffered by its GE Capital unit after the U.S. financial crisis of 2008. He said GE’s taxes are expected to increase in 2011 as the company continues to recover and rebuild its profits, Market Watch reported. The nation’s sixth-largest company has drawn sharp criticism after a New York Times article on how GE manages... Read more

Jayco Kicks Off Blue Tag National Sales Event

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Aimed at helping families gear up for the camping season and spend quality time together in the outdoors, Jayco Inc. has announced its annual Blue Tag National Sales Event. Jayco dealers throughout the U.S. and Canada are participating in the sale, promoting the event across three different media (tabloids, TV and radio), according to a news release. The event marks the fourth consecutive year dealers have united in a large-scale promotional effort to boost sales, reduce 2011 inventory and promote... Read more

RVDA of Canada Updates 2011-12 Show List

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The Recreation Vehicle Dealers Association (RVDA) of Canada has issued  its revised show schedule for the rest of 2011 and 2012. All shows are open to  the public. Following is the revised list: April Kitchener RV Show, April 1-3, Kitchener Memorial Auditorium (The Aud), Kitchener, Ontario; Contact: Larry Boyd, (888) 331-8885; Email:; October Toronto Fall RV Show, Oct. 29-31; Toronto Congress Center, Toronto, Ontario; Contact Larry Boyd, (888)... Read more

Shasta’s Revere Trailer Creates New Memories

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Shasta Revere travel trailer Shasta’s new Revere line of conventionally built travel trailers really hits the mark in towable luxury. “We’re very pleased with Revere’s looks, inside and out,” Brad Whitehead, resident of Shasta, stated in a news release. “I think you’ll find its price on the attractive side, too.” Outside, a one-piece seamless, fully walkable EPDM rubber roof and .024 aluminum exterior skin combine to provide long-lasting durability and easy maintenance on Revere’s... Read more

Patrick Industries Signs Senior Credit Facility

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Patrick Industries Inc. announced today (March 31) that it has entered into a credit agreement with Wells Fargo Capital Finance LLC as the lender and agent, establishing a four-year $50 million revolving secured senior credit facility. Additional subordinated debt financing of $5 million was provided by Tontine Capital Overseas Master Fund II LP, a significant shareholder of Patrick, and Northcreek Mezzanine Fund I LP in the form of secured senior subordinated notes, according to a news release.... Read more

Berkshire Hathaway Inc. Stock Falls 2% Today

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Berkshire Hathaway Inc. stock fell about 2% or more than $2,660 per share in trading today (March 31) on Wall Street following Wednesday’s suprise announcement that David Sokol was resigning. Sokol, long considered by outsiders to be the most likely candidate to replace Warren Buffett, resigned after purchasing shares of a company he suggested Buffett buy, the Wall Street Journal reported. Berkshire owns roughly 80 subsidiaries, including No. 2 RV manufacturer Forest River Inc. Its insurance... Read more

Thor Dealer Inventory Financier Ally Filing IPO

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The former finance arm of General Motors said today (March 31) it is preparing an initial public offering as it seeks to repay billions in government aid received during the financial crisis, Associated Press reported. Ally Financial Inc. said in a filing with the Securities and Exchange Commission that the IPO could raise up to $100 million, but the actual offering will likely be larger. The preliminary estimate of proceeds often changes closer to the IPO date as the offering is pitched to investors. GM... Read more

$200M Theme Park Near Elkhart, Ind., Canceled

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Developers behind a $205 million family holiday village just south of Elkhart, Ind., have canceled the project after not being able to secure financing, Inside INdiana Business has reported. The decision follows last fall’s closing of the American Countryside Farmers Market, which was on the same massive piece of property as the planned resort. When announced more than a year ago, developers anticipated the project would create 500 permanent and another 500 construction jobs in Elkhart County. An... Read more

Vince Gill Headlines Good Sam Rally in Oregon

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The Good Sam Rally Presented by DISH Network announced today (March 31) that they have booked award winning County Music artist Vince Gill to perform Friday evening, July 15, at the Deschutes County Fairgrounds and Expo Center in Redmond, Ore., much to the delight of registered rally guests. When it comes to Country Music achievement, Vince Gill outshines them all, according to a news release. Not only has he received 19 Grammy Awards, 18 CMA Awards, Entertainer of the year twice and five CMA... Read more

200 RVs Sold at 2nd Chinese RV/Camping Expo

March 31, 2011 by · 1 Comment 

More than 10,000 visitors attended the second Beijing RV and Camping Exhibition. Among the 80 RV models on display were a number of Class A. B and C coaches. China’s emerging camping and RV industry was on full display March 25-27 during the second Beijing International RV and Camping Exhibition. More than 80 motorhomes and travel trailers — plus exhibits featuring parts and accessories, outdoor equipment, ATVs and even motorboats — covered nearly 20,000 square meters at the Beijing RV Camping... Read more

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