Mercury Finance Announces Restructuring Agreement
May 15, 1998
Mercury Finance Company announced that it has entered into an agreement with substantially all of its senior lenders and with its subordinated debt holder providing for the financial restructuring and recapitalization of the company. ... Continue reading
Westar Financial Redeems Preferred Shares Early
May 13, 1998
Prime-credit auto lessor Westar Financial Services Incorporated announced that preferred shareholders accepted the company's offer to redeem their shares of its Series 1, Series 2 and Series 3 Preferred at face value and ahead of schedule. ... Continue reading
AutoCorp Reports Results of Debt Conversion
May 12, 1998
AutoCorp reports first six months results of its October 21, 1997 debt conversion ... Continue reading
Group 1 Automotive Expands Credit Facility
May 12, 1998
Car dealership consolidator Group 1 Automotive has received commitments to increase existing three-year, $125 million revolving credit facility to $345 million. ... Continue reading
Daimler-Benz and Chrysler Merge
May 7, 1998
Daimler-Benz Australia On S&P Watch Negative
May 7, 1998
DCR Rates GMAC's Eurobond Offering 'A-'
May 7, 1998
Auto Network Secures Credit Facility
May 6, 1998
`Wheels' Online Automotive Solution
Apr 24, 1998
AutoCorp Announces Sales Figures
Apr 22, 1998
Ford Credit Reports First-Quarter 1998 Earnings
Apr 16, 1998
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.