Smart Choice Automotive Group Reports Record Revenues and Earnings
Jul 14, 1998
Smart Choice Automotive Group, Inc., a leading consolidator within the 'dealer- financed' used car retailing industry, announced record revenues and earnings for the second quarter and first half of its 1998 year. ... Continue reading
Credit Acceptance Corp. Announces Completion of First Securitization
Jul 9, 1998
Credit Acceptance Corp. announced the completion of its first securitization. ... Continue reading
National Auto Credit Pays Down Debt and Evaluates Alternatives
Jul 7, 1998
With the payment of $9 million principal on June 25, National Auto Credit has repaid its lenders a total of $31.6 million or 38% of the debt outstanding at January 21, 1998. ... Continue reading
Nissan and Summit Announce National Credit Program
Jul 7, 1998
Introduction of a national program to provide Nissan retailers with sub-prime customer financing was announced today by Nissan Motor Acceptance Corporation in association with Summit Acceptance Corporation. ... Continue reading
Arcadia Chooses Fiserv for Processing Software
Jul 6, 1998
Arcadia Financial Ltd., the nation's largest independent auto finance company, cited vendor flexibility and the ability to create a strong transaction history in choosing Fiserv, Inc. to provide an in-house processing system. ... Continue reading
Automotive Performance Group Engages CIBC Oppenheimer
Jul 6, 1998
Automotive Performance Group, Inc. announced that it has engaged investment banking firm CIBC Oppenheimer to help the company identify and review opportunities for strategic alliances and acquisitions. ... Continue reading
Fourth of July Sparks Near-Record Travel for Californians
Jul 2, 1998
Northern Californians are blasting off this weekend, making it the busiest Fourth of July holiday for travel in 11 years, AAA reported. ... Continue reading
Save Money, Faster Notice, To More People All Via Law Firm Website
Jul 1, 1998
The New York City law firm of Camhy Karlinsky & Stein LLP is using its website in the Fruehauf Trailer Corporation bankruptcy case to make Fruehauf's proposed plan of reorganization available to the many thousands of Fruehauf's creditors. ... Continue reading
Isuzu Launches Captive Finance Company
Jun 30, 1998
Isuzu Motors America Inc. and American Isuzu Motors Inc. jointly announced the formation of a captive finance company to assist Isuzu dealers and their customers with financing and leasing programs. ... Continue reading
Standard Automotive Corp. Secures Financing
Jun 29, 1998
Standard Automotive Corp. announced that it received from PNC Bank, N.A. and PNC Capital Markets Inc. a commitment to provide the company with a $40 mil credit facility for the financing of the acquisitions of R&S Truck Body Company Inc. and CPS Trailer. ... Continue reading
BenchMark 2000 Launches 1998 Indirect Lending BenchMark Programs
Jun 23, 1998
BenchMark 2000, a leading provider of benchmark programs and consulting services for banks and financial services organizations, announced the beginning of its 1998 Indirect Lending BenchMark program. ... Continue reading
Onyx Issues $208,759,315 in Asset Backed Securities
Jun 23, 1998
Onyx Acceptance Corp., a specialized automobile finance company, announced the successful completion of a $208,759,315 automobile receivables asset-backed securitization. ... Continue reading
Chase Manhattan Auto Owner Trust 98 Notes & Certificates Rated
Jun 18, 1998
Standard & Poor's today assigned its ratings to Chase Manhattan Auto Owner Trust 1998-C's asset backed notes classes A-1 through A-4 and asset backed certificates (see list below). ... Continue reading
APS Holding Corporation Announces Overhaul of its Business Operations
Jun 12, 1998
APS Holding Corporation announced today that it is undertaking a restructuring of its business operations. Included is closure of underperforming stores. ... Continue reading
Fitch IBCA To Rate Chase Manhattan Auto Owner Trust
Jun 12, 1998
Chase Manhattan Auto Owner Trust's 1998-C $258,000,000 5.588% class A-1 money market asset-backed notes are expected to be rated 'F1+' by Fitch IBCA. ... Continue reading
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