Chrysler to Stop Production For One Month
Dec 17, 2008
Chrysler LLC Adjusts Production as a Result of the Deteriorating U.S. Credit Crunch Due to the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States, Chrysler LLC announced that it will make significant adjustments to the ... Continue reading
Lame Duck U.S. Senate Puts Brakes on Auto Bailout
Dec 12, 2008
WASHINGTON December 12, 2008; John Crawley and Richard Cowan writing for Reuters reported that a proposed bailout of U.S. automakers failed in the Senate on Thursday night, raising the specter of an industry collapse that sent Asian markets reeling and sparked fears it could deepen the recession. "It's over with," Sena ... Continue reading
Wanted: Czar for a Crumbling Auto Empire
Dec 10, 2008
DETROIT December 9, 2008; David Bailey and Poornima Gupta writing for Reuters reported - Wanted: Car Czar. Must be ready to deal with angry creditors, fearful suppliers and an entrenched auto union and to motivate distrustful CEOs limited to a $1 salary. Success will be measured by your unpopularity in Detroit and on W ... Continue reading
How to Get an Auto Loans During Credit Crunch
Nov 14, 2008
SANTA MONICA, Calif.--Is it possible to get a car loan in this time of economic stress? Edmunds.com, the premier online resource for automotive information, has compiled the definitive guide to auto loans for car shoppers and anyone else interested in the twists and turns of the economy. “The credit market is defi ... Continue reading
Support Grows For U.S. Automaker Aid
Nov 12, 2008
WASHINGTON DC November 12, 2008; The AP reported that House Speaker Nancy Pelosi wants Congress to support a financial bailout for the troubled U.S. auto industry, which is suffering under the weight of poor sales, tight credit and a sputtering economy. Pelosi, D-Calif., said Tuesday she was confident that lawmakers wo ... Continue reading
Auto Affordability Worsens Slightly Comerica Bank Chief Economist Reports
Nov 11, 2008
DALLAS, Nov. 10, 2008; The purchase of an average-priced new vehicle took 24.1 weeks of median family income in the third quarter, according to the Auto Affordability Index compiled by Comerica Bank. The latest reading is up 1.0 week from the second quarter and down 1.1 weeks compared to a year ago. Including finance c ... Continue reading
Automakers Struggle to Survive Past Mistakes
Nov 10, 2008
Automakers struggle to survive past mistakes Saturday November 8, 10:02 pm ET By Tom Krisher, AP Auto Writer Automakers in crisis look to Washington for assistance, try to outlast mistakes of past DETROIT (AP) -- At Ford Motor Co. they called it "Blue," a team set up around the year 2000 to design an array of small, fu ... Continue reading
Infiniti Steps Forward on Strength of Financing Offers
Nov 5, 2008
Annual Limited Engagement Winter Event Begins Today with Leasing and 0% Financing Available on All 2008 Infiniti Models FRANKLIN, Tenn., Nov. 5 -- The official start of winter may be still be a month away, but Infiniti is launching its annual Limited Engagement Winter Event now. In addition to the best deals of the yea ... Continue reading
Chicago Auto Dealer Groups: Credit is Available
Nov 3, 2008
Washington DC November 3, 2008; The AIADA newsletter reported that financing for new cars is available to consumers, say groups as varied as the used-vehicle retailer CarMax and trade associations that represent new-vehicle dealers and auto lenders. General Motors, Toyota, and Ford are running similar advertising campa ... Continue reading
Nissan 0% Percent Financing and Low Lease Rates Among New Consumer Value Opportunities
Oct 31, 2008
- Comprehensive Program is Designed to Reassure Budget-Conscious Shoppers; Includes 0% Financing on Key Models and Competitive Leasing Programs - FRANKLIN, Tenn., Oct. 31 -- Nissan North America, Inc. (NNA) today announced a new Consumer Value Program designed to let consumers know that Nissan offers a variety of optio ... Continue reading
GM/Chrysler Talks Intensify Amid Worldwide Auto Meltdown
Oct 25, 2008
DETROIT/PARIS October 24, 2008; David Bailey and Helen Massy-Beresford writing for Reuters reported that General Motors Corp intensified talks to acquire Chrysler LLC on Friday amid a worsening global auto downturn that forced deep cuts of salaried jobs at Chrysler and a warning from France's PSA Peugeot Citroen (Paris ... Continue reading
Car Sales Drop Spurs Fresh Big 3 Merger Talk
Oct 17, 2008
PARIS October 17, 2008; Marcel Michelson writing for Reuters reported that record low auto sales and the financial crisis are spurring fresh merger talk about the Big Three U.S. automakers in a new global consolidation round while the sales rot is also impacting suppliers and car retailers. Renault on Friday denied it ... Continue reading
Cars For Girls: THE IN'S & OUT'S OF CO-SIGNING A CAR LOAN
Oct 13, 2008
By Ilyse Gordon & Friends The Auto Channel Louisville Bureau(/p> An unfortunate thing about being a teenager or a young adult is you're just not always taken very seriously. So attempting to make important decisions, like buying or what's also called financing a car, can be a difficult road to navigate. And because we' ... Continue reading
SHOCKER IF TRUE: Report Says GM and Chrysler are in Merger/Acquisition Talks
Oct 11, 2008
DETROIT - October 11, 2008: AP is saying that the Wall Street Journal and the New York Times are reporting today that General Motors and Chrysler have had preliminary talks regarding an acquisition of Chrysler's automotive operations. The AP's report states that the WSJ report claims that Cerberus Capital Management wo ... Continue reading
Daimler Financial Services Opens Business in Romania
Sep 18, 2008
With the launch of business operations in Romania, Berlin-based Daimler Financial Services AG has entered yet another growth market for financial services in Central and Eastern Europe. Under the brand name Mercedes-Benz Financial Services the company officially opened its business on September 18th, 2008 in Bucharest. ... Continue reading
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