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Financial Woes of Suwichada Busamrong Press

Suwichada Busamrong Press is the wife of a top US auto exec who has fallen on hard times. What this news report shows is that even the rich and might are having financial troubles and cannot meet their loan or mortgage obligations.

Suwichada Busamrong Press is the wife of Jim Press who until recently used to run the US operations of Chrysler.

Jim Press, who briefly ran Toyota Motor Corp.’s U.S. operations and spent 37 years with the Japanese automaker before joining Chrysler as one of its three top executives in 2007, is facing claims of more than $1.35 million for unpaid federal taxes and a personal loan.

The 62-year-old auto executive, who told the New York Times last year he wore a single string on one wrist as a reminder that material wealth is not the most important thing, may be one of the highest profile victims of Detroit’s collapse.

Jim Press is an avid swimmer. Along with his wife, Suwichada Busamrong Press, the couple brought a multi million dollar house in the Detroit suburb of Birmingham. To purchase this property they took out a loan for about $2.2 million dollars.

Well guess what happened when Detroit sank into quick sand and auto industry as a whole hit the turbulence.

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