Fleetwood Reports Definitive Agreement Reached to Exit Retail Business
Jul 7, 2005
RIVERSIDE, Calif., July 7 -- Fleetwood Enterprises, Inc. , one of the nation's largest producers of recreational vehicles and manufactured housing, announced today that it has reached a definitive agreement with two retail subsidiaries of Clayton Homes, Inc. to sell the majority of the operating assets of Fleetwood Ret ... Continue reading
Chrysler Financial to Cease Leasing in Rhode Island
Jun 24, 2005
FARMINGTON HILLS, Mich., June 24 -- Chrysler Financial, a business unit of DaimlerChrysler Services North America LLC, will cease leasing in the state of Rhode Island beginning August 1, 2005, if the current vicarious liability legislation passed by the state legislature two years ago lapses without being renewed by Ju ... Continue reading
CarsDirect Acquires 1-800 Communications
Jun 9, 2005
LOS ANGELES--June 9, 2005--CarsDirect, a leading Internet car-shopping service, today announced the acquisition of 1-800 Communications, a top provider of special finance auto leads to dealers. This latest addition provides a powerful new sales tool for CarsDirect's premier dealer network and makes CarsDirect the natio ... Continue reading
Jun 7, 2005
EFFINGHAM, ILL.--June 7, 2005--Paul Gutman, the dealer principal and his partners at Legacy Harley-Davidson, first worked with GE Commercial Finance, Franchise Finance (GEFF) when they acquired the Effingham, Ill., dealership in 2003. At the time, Gutman already was thinking about how the businesses could be working to ... Continue reading
Tracinda Caps General Motors Stock Price Offer at No More Than $31 Per Share
Jun 1, 2005
LOS ANGELES June 1, 2005; The AP reported that investment firm Tracinda Corp. said Wednesday that it will not pay more than $31 per share for General Motors Corp. common stock. The tender offer to buy up to 28 million shares of General Motors stock was made May 9 and will expire June 7 unless extended. The buy would gi ... Continue reading
Curomax Provides SACU with Integrated Point-of-Sale Lending Platform
Jun 1, 2005
MISSISSAUGA, Ontario--June 1, 2005--Curomax, a leader in dealer finance e-commerce solutions and the originator of the premier multi-asset finance portal in North America, announced today that San Antonio Federal Credit Union (SACU) has implemented the Curomax point-of-sale (POS) lending platform, "mycreditshop.com." M ... Continue reading
May 26, 2005
WASHINGTON May 26, 2005; Reuters reported that financier Kirk Kerkorian, whose private investment company Tracinda Co. has made a tender offer for 28 million shares of General Motors Corp. stock, has been added as a signatory to the offer, according to a regulatory filing on Thursday. Tracinda said it made the change a ... Continue reading
Fitch Ratings Downgrades Ford & Ford Credit; Outlook Negative
May 19, 2005
CHICAGO--May 19, 2005--Fitch Ratings has downgraded the senior unsecured debt ratings of Ford Motor Corporation and Ford Motor Credit Corporation (FMCC) to 'BBB' from 'BBB+'. Ratings on the Capital Trust II securities have been downgraded to BB+ from BBB-. The Rating Outlook remains Negative. Fitch also affirms the 'F2 ... Continue reading
Coach Industries Group Announces Competitive Price Allowance Agreement with Ford Motor Company
May 18, 2005
COOPER CITY, Fla.--May 18, 2005--Coach Industries Group, Inc. ("Coach") (OTCBB:CIGI), which offers an array of financial services including insurance products to commercial fleet operators, today announced Coach has entered into a Competitive Price Allowance (CPA) agreement with Ford Motor Company (Ford) through the wh ... Continue reading
PHH Corporation Announces 2005 First Quarter Results
May 13, 2005
MT. LAUREL, N.J.--May 13, 2005--PHH Corporation today announced results for the quarter ended March 31, 2005. Net revenues for the quarter ended March 31, 2005 were $279 million, an increase of 27% over net revenues of $220 million for the quarter ended March 31, 2004. The pre-tax loss from continuing operations for th ... Continue reading
GMAC Capitalizes New Residential Mortgage Subsidiary; Elects Jacob And Melzer To Board Of Directors
May 5, 2005
DETROIT May 5, 2005; General Motors Acceptance Corporation (GMAC), the financial services subsidiary of General Motors Corporation , announced it has restructured its residential mortgage operations. GMAC transferred ownership of GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to Residential Ca ... Continue reading
Westcorp Announces New Chief Financial Officer and Chief Operating Officer
May 5, 2005
IRVINE, Calif.--May 4, 2005--Westcorp , the diversified financial services company whose principal subsidiaries are WFS Financial Inc and Western Financial Bank, today announced the appointment of Robert Costantino as the company's Chief Financial Officer and Chief Operating Officer. Costantino will assume his duties e ... Continue reading
Mitsubishi Motors Credit of America Announces Appointment of Jeff Young as President and CEO
May 5, 2005
CYPRESS, Calif.--May 4, 2005--Mitsubishi Motors Credit of America (MMCA) announced that Jeff Young, senior vice president and chief financial officer of MMCA, has been named its president and CEO. He replaces Bob Costantino, who has chosen to pursue other interests in the financial community. "We're extremely pleased t ... Continue reading
U.S. Bank Offers Inventory Financing to Route 66 RV Dealers
May 4, 2005
MINNEAPOLIS & OVERLAND PARK, Kansas--May 4, 2005--U.S. Bank Dealer Commercial Services, recognized nationally for its success in dealer inventory financing, has announced a new partnership with the ROUTE 66 RV Network. ROUTE 66 is a recreation vehicle dealer group comprising 85 independent dealers across the United Sta ... Continue reading
DaimlerChrysler Financial Services to Provide Vehicle Financing in China
Apr 26, 2005
Stuttgart/ Berlin/ Beijing , 04/26/2005 - DaimlerChrysler Financial Services, the vehicle financing company of DaimlerChrysler Group, is in the process of establishing a vehicle financing subsidiary in China and expects to be operational this fall. “Vehicle financing is becoming more important to customers when c ... Continue reading
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