Aug 25, 2008
Fifteen percent of all re-titled vehicles have lost their damage-related title brands SCHAUMBURG, Ill., Aug. 25 -- Nearly 1.3 million cars and trucks throughout the United States were designated as damaged by accidents or severe weather including thunderstorms, hail, tornadoes and flooding in the first half of 2008. Ac ... Continue reading
Used SUV and Truck Values Plunge
Jul 28, 2008
Washington DC July 28, 2008; The AIADA newsletter reported that when you add your pickup truck or SUV to the list of things like your stock portfolio, your 401K, and your house that aren't worth what they were just a few months ago. Used-car values are closely tied to new-car values. And thanks to $4-a-gallon gasoline, ... Continue reading
Chrysler financial arm to stop leasing vehicles
Jul 28, 2008
DETROIT July 25, 2008; Poornima Gupta and David Bailey reporting for Reuters said that Chrysler LLC said its financing arm would stop offering vehicle leases to U.S. consumers, a sharp break in strategy in response to tighter credit and the plunging resale prices for gas-guzzling trucks. The abrupt announcement on Frid ... Continue reading
Qualified Flood Victims May Delay Ford Credit Payments
Jun 24, 2008
DEARBORN, Mich., June 23, 2008 â Ford Motor Credit Company is offering customers affected by the devastating floods in the Midwest the option to delay some car payments. Ford Motor Creditâs Disaster Relief Program allows qualified customers to delay one or two monthly payments, resuming their regular payment ... Continue reading
BMW Bank of North America Names New Execs
Apr 30, 2008
Woodcliff Lake, NJ - April 29, 2008... BMW Bank of North America, LLC has announced three new executive appointments at the BMW Bank of North America, based in Salt Lake City, Utah. "The BMW Bank of North America has grown steadily since it was formed in 1999. These management appointments address that growth and the d ... Continue reading
Fleetwood Announces Launch of Fleetwood Financial Services
Mar 3, 2008
Strategic Alliance With Bank of America To Increase Fleetwood Competitive Advantage in RV Market RIVERSIDE, Calif., March 3 -- Fleetwood Enterprises, Inc. announced today that it is launching Fleetwood Financial Services (FFS), a new RV finance unit that will provide innovative, exclusive benefits to its recreational v ... Continue reading
GMAC CEO awarded $14.6 million in 2007
Feb 28, 2008
NEW YORK, Feb 27, 2008; Reuters reported that GMAC LLC said on Wednesday its chief executive was awarded about $14.6 million of compensation in 2007, when the finance company lost about $2.33 billion because of problems in its mortgage business. Eric Feldstein took over GMAC, best known for its auto finance business, i ... Continue reading
GMAC Financial Services Announces Restructuring of North American Auto Finance Operation
Feb 21, 2008
DETROIT, Feb. 20 -- GMAC Financial Services today announced it is restructuring its North American auto finance business to reduce costs, streamline operations and position the business for scaleable growth. The restructuring will include merging a number of separate business offices into five regional business centers ... Continue reading
GM Reports Preliminary 2007 Financial Results
Feb 12, 2008
- 2007 adjusted net loss of $23 million, reported net loss of $38.7 billion - 2007 adjusted automotive operating pre-tax income improved by almost $900 million - Strong emerging market performance helps drive record automotive revenue of $178 billion - Adjusted automotive operating cash flow improvement of $2 billion - ... Continue reading
Feb 5, 2008
AUSTIN, Texas, Feb. 4 -- AutoLeaseAD.com, an Austin, Texas-based provider of lease payment advertising on car dealership websites, is working with CyberCalc Arbitrage to identify outstanding pre-owned lease deals for their customers. AutoLeaseAD's Jerry Thompson, CVLE, long-time auto-leasing expert and specialist in pr ... Continue reading
Volkswagen Group of America, Inc. Launches volkswagengroupamerica.com
Feb 4, 2008
New Web site will serve as central information hub on U.S. operations AUBURN HILLS, Mich., Feb. 4 -- Volkswagen Group of America, Inc. today launched its new corporate Web site, http://www.volkswagengroupamerica.com/. The new website will serve as the central location for information about Volkswagen Group of America, ... Continue reading
Ford Motor Credit Earns $775 Million in 2007*
Jan 24, 2008
Fourth Quarter 2007 Earnings of $186 Million Reported DEARBORN, Mich., Jan. 24 -- Ford Motor Credit Company reported net income of $775 million in 2007, down $508 million from earnings of $1,283 million a year earlier. On a pre-tax basis, Ford Motor Credit earned $1,215 million in 2007, down $738 million from 2006. The ... Continue reading
New Market-Leading UK Finance Offers For Volkswagen Transporter
Jan 8, 2008
THIS RELEASE HAS BEEN DISTRIBUTED BY WEBITPR writeit:- This release is available at: http://www.webitpr.com/release_detail.asp?ReleaseID=7435 Also Available:- Imagery:- Volkswagen Transporter - http://www.webitpr.com/writeitfiles/Transporter_1.JPG Relevant Link: Volkswagen Vans - http://www.volkswagen-vans.co.uk/ New M ... Continue reading
Daimler Truck Financial Donates Sprinter Van to Quad County Urban League
Dec 15, 2007
Van to transport students to educational and vocational events LISLE, Ill., Dec. 14 -- In order to help Chicago-area disadvantaged and at-risk youth, Daimler Truck Financial donated a new Freightliner Sprinter Van to the Quad County Urban League (QCUL) of Aurora. The QCUL will use the van to transport students to after ... Continue reading
Auto Affordability Little Changed Last Quarter, Comerica Bank Chief Economist Reports
Nov 9, 2007
DETROIT, Nov. 8 -- The purchase of an average- priced new vehicle took 24.8 weeks of median family income in the third quarter, according to the Auto Affordability Index compiled by Comerica Bank. The latest reading is up 0.2 weeks from the second quarter and 0.4 weeks compared to a year ago. Including finance charges, ... Continue reading
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