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
National Oilwell Varco Announces First Quarter 2011 Earnings Conference Call
Mar 12, 2011
HOUSTON--National Oilwell Varco, Inc. has scheduled a conference call to discuss the first quarter results of 2011 on Wednesday, April 27, 2011 at 8:00 a.m. Central Time. Financial results for the first quarter of 2011 are expected to be released that morning before the market opens. The call will be broadcast through ... Continue reading
Mar 11, 2011
DALLAS--Aspen Marketing Services is now offering a payment processing program to General Motors' nearly 4,500 dealerships nationwide through an arrangement with Chase Paymentech, a global leader in merchant acquiring. With this exclusive program, GM dealerships will have access to more competitive processing rates, saf ... Continue reading
VINtek Opens New Office in Detroit Metro Area to Handle Business Growth
Mar 10, 2011
PHILADELPHIA--VINtek, a provider of automotive collateral management and electronic lien and title (ELT) services for automotive lenders, announced that it has opened an office in Troy, Mich. to support continued growth in its direct-to-consumer (D2C) lending platform, which has doubled in transaction volume each year ... Continue reading
FICO 8 Auto Score Becoming the New Standard for the Auto Industry
Mar 10, 2011
MINNEAPOLIS--FICO , the leading provider of analytics and decision management technology, today announced that the auto industry is synchronously migrating to the FICOî 8 Auto Score, with most lenders completing the adoption process by May. A number of auto lenders have already migrated to the FICOî 8 Aut ... Continue reading
Mar 9, 2011
PR Newswire ATLANTA, March 9, 2011 ATLANTA, March 9, 2011 -- The Work Number® and DealerTrack, Inc. today announced a partnership to provide lenders access to The Work Number, an automated solution for employment and income verification from Equifax . DealerTrack, Inc., a subsidiary of DealerTrack Holdings, Inc. ... Continue reading
Consumers Pay Almost 200% More Than Necessary on Auto Loan Rates
Mar 7, 2011
PR Newswire BURLINGTON, Mass., March 7, 2011 BURLINGTON, Mass., March 7, 2011 -- Auto finance is one of the largest lending markets in the U.S., second only to mortgages. Auto loans and leases make up about $850 billion in American debt, more than the credit card industry. Even student loans are only about half the siz ... Continue reading
8 Million Secure Personal Microsites Help Automotive Financing Brands Drive New Vehicle Sales
Feb 24, 2011
8 Million Secure Personal Microsites Help Automotive Financing Brands Drive New Vehicle Sales Sausalito, Calif., February 24, 2011 - ChannelNet <http://www.channelnet.com/> , a leading provider of secure personal microsite solutions for automotive financing <http://www.channelnet.com/> , today announces that over 8 mil ... Continue reading
Volkswagen Credit and Audi Financial Services Name Pappas Group as New Agency of Record
Feb 16, 2011
PR Newswire HERNDON, Va., Feb. 16, 2011 HERNDON, Va., Feb. 16, 2011 -- Volkswagen Credit and Audi Financial Services have named Pappas Group, a Washington DC based creative agency, as its new Agency of Record, the first in three years. Pappas Group has developed integrated marketing campaigns as well as provided overal ... Continue reading
Ally Financial (Nee GMAC) Ranks #1 in U.S. New Vehicle Financing
Feb 5, 2011
Ally Financial has financed more consumer new vehicle purchases in the U.S. than any other lender during 2010, according to AutoCount data by Experian Automotive. In 2010, Ally financed more than 803,000 new vehicle purchases, resulting in nearly $23 billion in consumer retail contracts in the U.S. This represents an a ... Continue reading
Navy Federal Launches Auto Buying Program
Feb 4, 2011
Navy Federal Credit Union has recently launched an auto referral program designed to make it easier for members to save on their next new or used vehicle. This program offers members a VIP experience at participating dealerships with pre-arranged new and used vehicle pricing. "Navy Federal's Auto Buying Program will he ... Continue reading
Ford Reports 2010 Full Year Net Income of $6.6 Billion; Fourth Quarter Net Income of $190 Million(+)
Jan 28, 2011
ford -- Full year net income was $6.6 billion, or $1.66 per share, a $3.8 billion increase from a year ago. Pre-tax operating profit was $8.3 billion, an increase of $8.3 billion from a year ago. Fourth quarter net income was $190 million, or 5 cents per share, a decrease of $696 million from a year ago. ... Continue reading
Top 10 Automotive News Stories of 2010: Toyota's Nightmare Year Selected As #1
Dec 30, 2010
PR Newswire DETROIT, Dec. 30, 2010 DETROIT, Dec. 30, 2010 -- The trouble at Toyota was chosen as the top news story of 2010 in the annual Automotive News staff poll. Ã Here's a recap of the staff's choices for the year's top 10 stories: 1) Ã How the mighty fall: Toyota's nightmare year Allegations that several po ... Continue reading
CODA and Essex Credit Corporation Team-Up to Finance CODA Electric Vehicles
Nov 24, 2010
CODA Automotive, a California-based electric car and battery company, and Essex Credit Corporation, a subsidiary of Bank of the West, have reached a preliminary agreement to provide financing for customers of the 2011 CODAâ⢠Sedan. (Logo: à http://photos.prnewswire.com/prnh/20100830/LA56525LOGO-b) "CODA' ... Continue reading
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