Poor management and/or social, technological and competitive changes may have caused the products or services the company sells to be perceived as subpar by consumers.
Tri-State is a family owned and operated company with over 30 years of experience in the business of liquidating Forestry related equipment; both at auction and privately.Over the years we have conducted auctions all over the US.A turnaround refers to steady, positive movement experienced after a significant period of performance decline.Turnarounds can be experienced in a particular business, a larger-scale economy, a particular market or an individual’s financial situation. Instead, they are often the result of increased efforts or changes in current practices.Internally, this can include updates to manufacturing processes, changes in management strategies or significant reductions in certain spending categories.
Turnarounds may also be spurred by outside forces, such as a business experiencing a turnaround due to changes in regulations resulting in higher profits, or the lowering of raw material costs that unexpectedly rose, such as with fuel prices.
On August 31, 2010, Motors Liquidation Company filed its Joint Chapter 11 Plan with the Federal Bankruptcy Court for the Southern District of New York.
On December 8, 2010, the Motors Liquidation Company filed an Amended Joint Chapter 11 Plan.
Cadillac was the first American car to win the Royal Automobile Club of the United Kingdom's Dewar Trophy by successfully demonstrating the interchangeability of its component parts during a reliability test in 1908; this spawned the firm's slogan "Standard of the World".
It won the trophy again in 1912 for incorporating electric starting and lighting in a production automobile.
Its primary markets are the United States, Canada, and China, but Cadillac-branded vehicles are distributed in 34 additional markets worldwide.