Ford Credit to Participate in 2011 UBS Leveraged Finance Conference
May 11, 2011
PR Newswire DEARBORN, Mich., May 11, 2011 DEARBORN, Mich., May 11, 2011 -- On Wednesday, May 18, Michael Seneski, Ford Motor Credit Company chief financial officer, will deliver a presentation at the 2011 UBS Leveraged Finance Conference in New York. The presentation will begin at 9:15 a.m. EDT and last for approximate ... Continue reading
May 10, 2011
ATLANTA, May 10, 2011 -- In a positive sign for the U.S. economy, automobile lending continues to increase with average loan amounts generated through auto finance companies up 88 percent over 2009 levels -- according to Equifax's National Credit Trends Report for March 2011. (Logo: Â http://photos.prnewswire.com/prnh ... Continue reading
GM Financial Reports March Quarter Operating Results
May 4, 2011
FORT WORTH, Texas--GENERAL MOTORS FINANCIAL COMPANY, INC. (ââ¬ÅGM Financialââ¬??? or the ââ¬ÅCompanyââ& #130;¬???), announced net income of $77 million for the quarter ended March 31, 2011. Loan originations were $1.1 billion for the quarter ended March 31, 2011, compared to $935 million ... Continue reading
As Customers Rebuild From Recent Storms, Ford Credit Offers Financial Relief
May 2, 2011
DEARBORN, Mich., May 2, 2011 DEARBORN, Mich., May 2, 2011 -- Ford Motor Credit Company is offering customers affected by the recent storms and flooding in parts of the United States the option to delay some car and truck payments. Ford Credit's Disaster Relief Program allows qualified customers to delay one or two mont ... Continue reading
Daimler Receives Licence for Financial Services Business in India
Apr 25, 2011
CHENNAI, India and BERLIN, April 25, 2011 -- - Market Entry Planned for 3rd Quarter of 2011 With own Company Subsidiary Daimler AG received approval from the Reserve Bank of India to setup a "Non-Banking Finance Company" for its financial services business in India. The newly founded Indian company, Daimler Financial S ... Continue reading
Auto Dealer Financing Hides Higher Costs, Raises Repossession Rates
Apr 19, 2011
DURHAM, N.C., April 19, 2011 Dealer markups cost buyers $25.8 billion, up 24% since 2007 DURHAM, N.C., April 19, 2011 Consumers who financed a car through a dealership in 2009 will pay more than $25.8 billion in extra interest over the lives of their loans because of dealer interest rate markups, according to new resea ... Continue reading
Honda Breaks Ground for Financial Services Facility in North Carolina
Apr 19, 2011
CHARLOTTE, N.C.--American Honda Finance Corporation (AHFC) today marked the groundbreaking for its new 25,000-square-foot North Carolina regional office that will support the companyââ¬â¢s growing family of customers in North Carolina, South Carolina, Maryland, Tennessee, Virginia and West Virginia. AHFC wil ... Continue reading
Apr 13, 2011
PR Newswire CLEMMONS, N.C., April 13, 2011 CLEMMONS, N.C., April 13, 2011 -- Sheffield Financial, a division of BB&T Financial, FSB, which is a subsidiary of BB&T Corporation , has renewed and expanded its three-year financing services agreement with American Suzuki Motor Corporation effective immediately. The new cont ... Continue reading
Chrysler Group Launches Co-Branded Credit Card
Apr 6, 2011
PR Newswire AUBURN HILLS, Mich., Apr 6, 2011 AUBURN HILLS, Mich., Apr 6, 2011 -- Cards carry the Chrysler, Jeepî, Dodge, Ram Truck or Fiat brand names Customers earn most reward points for transactions at dealerships Chrysler Group LLC announced today an automotive credit card program with First National Bank of ... Continue reading
International AutoSource Helps Expats Get a Car Even Without a US Credit History
Apr 2, 2011
PR Newswire WOODBURY, N.Y., April 1, 2011 WOODBURY, N.Y., April 1, 2011 -- Expatriates moving to the US often lack a US credit history and find it difficult, if not impossible, to lease or finance a vehicle. AutoSource is pleased to announce they can help expats lease or finance a vehicle even without a US credit histo ... Continue reading
TomTom Enters into Forward Start Agreement to Put Banking Facilities in Place until 2016
Apr 1, 2011
AMSTERDAM--TomTom, the worldââ¬â¢s leading provider of location and navigation products and services, has signed a forward start facilities agreement comprising of a ââ¬250 million term loan facility and a ââ¬150 million revolving credit facility that will extend the maturity of the exi ... Continue reading
VINtek Marks 2010 with Significant Growth and Expansion
Mar 28, 2011
PHILADELPHIA--VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing for automotive lenders, reported 30 percent annual revenue growth in 2010, doubling its revenues since 2008. VINtek also signed nearly 700 new clients, a 435 percent increase in n ... Continue reading
Mar 25, 2011
PR Newswire CARMEL, Ind., March 25, 2011 CARMEL, Ind., March 25, 2011 -- Dealer Services Corporation ("DSC"), a full-service auto floorplan finance company, announced today that it has consummated the offering of $252.2 million of asset-backed securities (the "securities") due 2014. The securities, issued through DSC F ... Continue reading
GE Capital Expands Commitment to Trailer Dealers
Mar 21, 2011
HOFFMAN ESTATES, Ill.--GE Capitalââ¬â¢s Commercial Distribution Finance (CDF) business today announced two new initiatives designed to demonstrate its commitment to the trailer industry. It launched a new financing program for dealers of all types of trailers that will extend suppliersââ¬â¢ standa ... Continue reading
Fitch Affirms 3 Classes of Ford Credit Auto Owner Trust 2009-A
Mar 12, 2011
NEW YORK--Fitch Ratings affirms three classes of notes issued by Ford Credit Auto Owner Trust 2009-A as part of its ongoing surveillance process. The collateral continues to perform within Fitch's base case expectations. Currently, under the credit enhancement structure, the securities can withstand stress scenarios co ... Continue reading
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