One in Three Parent Drivers Puzzled by Child Passenger Restraints, According to GMAC Insurance
Sep 5, 2007
Leading Insurer Offers Safety Tips in Observation of National Child Passenger Safety Week, Sept. 16-22 ST. LOUIS, Sept. 5 -- Today GMAC Insurance announced survey results revealing that, when it comes to properly restraining their children in vehicles, many parents are in the dark. Specifically, the survey found that a ... Continue reading
Is This the Right Time of Year to Buy a Second Car? by Informa Research Services
Aug 31, 2007
CALABASAS, Calif.--On the road of life, sometimes you need another car. Whether it is for a working spouse or an older child leaving the nest, an additional car is not an uncommon request. But is this the right time of year to purchase a second vehicle? With the help of an auto loan, buying a car does not have to make ... Continue reading
Aug 24, 2007
WOODCLIFF LAKE, N.J., Aug. 24 -- For the fourth consecutive year, BMW Financial Services (BMW FS) ranked highest in dealer satisfaction for retail leasing in the J.D. Power and Associates Dealer Financing Satisfaction Study(SM). BMW Financial Services provides financial services to more than 625,000 customers in the Un ... Continue reading
Aug 24, 2007
BMW Financial Services Ranks Highest in Satisfying Dealers for Retail Leasing; Mercedes-Benz Financial Ranks Highest in Prime Retail Credit and Floor Planning Satisfaction WESTLAKE VILLAGE, Calif., Aug. 24 -- As competition in the auto finance market intensifies, many lenders are deploying full-spectrum strategies, whi ... Continue reading
ZAP Offers Full Service Financing for Electric Vehicle and Car Purchases
Aug 24, 2007
SANTA ROSA, Calif., Aug. 23 -- Electric car pioneer ZAP (BULLETIN BOARD: ZAAP) announced today that it has partnered with netLoan Funding, LLC to provide ZAP customers with one-stop Internet financing for electric vehicle and electric car purchases. netLoan Funding provides lender management services and a diversity of ... Continue reading
Aug 22, 2007
WASHINGTON, Aug. 21 /PRNewswire-USNewswire/ -- The Justice Department announced today that it has reached separate settlements with two automobile dealerships in the Philadelphia area resolving allegations that the dealerships engaged in a pattern or practice of discriminating against African-American customers by char ... Continue reading
Chrysler Financial Announces Winner at Camp Jeep(R) 2007
Aug 10, 2007
Winner Receives a Two-year Lease on an All-new 2007 Jeep Patriot FARMINGTON HILLS, Mich., Aug. 10 -- Chrysler Financial announced today the winner of a two-year vehicle lease from the "Hike In and Win" contest held at Camp Jeep(R) 2007 in Charlottesville, Va. Chrysler Financial invited participants to guess the number ... Continue reading
Aug 4, 2007
UGL Equis Corporation Represents Auto Finance Unit In Transaction FORT WORTH, Texas, Aug. 3 -- Hillwood has leased 75,344 square feet of its new 114,710 square-foot Heritage Commons II office building at Alliance to Mercedes-Benz Financial, the financial services partner for Mercedes-Benz dealerships throughout the Uni ... Continue reading
Chrysler Financial Begins Operations as a Stand-alone Company
Aug 3, 2007
FARMINGTON HILLS, Mich., Aug. 3 -- The New Chrysler Financial, created as a result of the transfer of assets from DaimlerChrysler AG to an affiliate of Cerberus Capital Management, L.P., begins operations today as a stand-alone company supporting the sales operations and dealer network of "The New Chrysler," Chrysler L ... Continue reading
Cerberus Statement Regarding Chrysler Transaction Closing
Aug 3, 2007
NEW YORK, Aug. 3 -- Cerberus Capital Management, L.P. today issued the following statements with regard to the closing of the Chrysler transaction: Steve Feinberg, CEO of Cerberus Capital Management, L.P., said, "I would like to thank Chrysler employees for their continued commitment to Chrysler's turnaround. We look f ... Continue reading
Discussing Financing Is Important for New Car Buyers
Jul 27, 2007
With approximately 7.5 million students exchanging the comforts of home for the freedom and responsibility of living on their own at college campuses, AWARE, a consumer education non-profit specializing in auto finance education, reminds parents to have "the talk" with their kids. College students should be reminded to ... Continue reading
New Study Shows Average Credit Score Is 98 Points Lower for Consumers With One Late Auto Payment
Jun 13, 2007
Experian's National Score Index further finds consumers in Wyoming have the highest average auto loan balance ($19,340) while consumers in Michigan have the lowest average auto loan balance ($11,455) IRVINE, Calif., June 13 -- The average credit score for U.S. consumers with no late auto payments is nearly 100 points h ... Continue reading
AutoTrader.com Launches Credit Center
May 23, 2007
ATLANTA--AutoTrader.com, the ultimate automotive marketplace, today announces the launch of the siteâs credit center, a groundbreaking feature designed to drive in-market, credit-challenged car shoppers to AutoTrader.com dealer customers who offer special-financing and âBuy Here Pay Hereâ services. The c ... Continue reading
Details of the DCX Sale of Chrysler to GMAC Investor Cerberus - Includes Video
May 14, 2007
FRANKFURT, May 14, 2007 Michael Shields writing rot Reuters reported that private equity firm Cerberus will buy a majority of DaimlerChrysler's (DCXGn.DE: Quote, Profile , Research) struggling Chrysler Group for $7.4 billion, a fraction of the $36 billion deal that created the transatlantic car union nine years ago. Ce ... Continue reading
Daimler Sells Chrysler to Cerberus
May 14, 2007
Washington DC May 12, 2007; The AIADA newsletter reported that DaimlerChrysler AG ended a nine-year investment in money-losing Chrysler, handing control of the carmaker to private-equity firm Cerberus Capital Management LP and getting out from under $19 billion of retirement benefits. Bloomberg reports that Cerberus wi ... Continue reading
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