Capital Automotive Reports First Quarter Results
Apr 26, 2005
* 19% Revenue Increase * 23% Increase in Diluted Net Income Available to Common Shareholders * 28% Increase in Diluted Funds From Operations ("FFO") Available to Common Shareholders * Transacted Nearly $50 Million of Real Estate Investments MCLEAN, Va., April 26 -- Capital Automotive REIT , the nation's leading special ... Continue reading
Northeast Auto Acceptance Corp.'s Internet Sales Division Posts Strong Sales
Apr 20, 2005
MERRICK, N.Y.--April 20, 2005--Northeast Auto Acceptance Corp. (OTC: NAAC) announced today that the company's Internet sales division, Northeast Online, which is located at www.neaaonline.com, has sold over $850,000 worth of vehicles since the site went live in mid-January. Bill Solko, Northeast's CEO stated, "We're ve ... Continue reading
Ford Motor Credit Earns $710 Million in the First Quarter
Apr 20, 2005
DEARBORN, Mich., April 20 -- Ford Motor Credit Company reported net income of $710 million in the first quarter of 2005, up $22 million from earnings of $688 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $1,061 million in the first quarter, compared with $1,047 million ... Continue reading
Ford's Profit Falls Sharply As Competition Hurts Sales
Apr 20, 2005
* Net income of 60 cents per share, or $1.21 billion. * Earnings from continuing operations of 62 cents per share, or $1.26 billion, excluding special items. [Earnings per share from continuing operations is calculated on a basis that includes pre-tax profit (excluding special items), provision for taxes and minority i ... Continue reading
First American CREDCO Announces Free Fraud Alerts on Credit Reports to Automotive Dealers
Apr 20, 2005
- Company Declares April as 'Auto Fraud Awareness Month' - POWAY, Calif., April 19 -- First American CREDCO, the leading provider of specialty credit reports to the automotive, mortgage and consumer finance industries and a member of The First American Corporation family of companies, launched plans to protect their ne ... Continue reading
Apr 18, 2005
FORT WORTH, Texas--April 18, 2005--If you're thinking about buying a house or car, applying for a credit card or even purchasing insurance, there are three digits you need to know. Those digits make up your credit score and influence nearly every important financial transaction you make. Many lenders rely on a credit-s ... Continue reading
Loans Secured by Car Titles Trap Borrowers in Cycle of Debt, According to National Consumer Experts
Apr 14, 2005
CRL/CFA Report Calls for Stronger State Protections Washington, April 14 -- Cash-strapped families risk losing their cars in the latest form of high-cost small lending spreading across America, according to a new report from the Center for Responsible Lending (CRL) and Consumer Federation of America (CFA). Borrowers wh ... Continue reading
National Auto Groups Launching RouteOne
Apr 7, 2005
More than 16,500 dealers now enrolled on RouteOne's credit application management system FARMINGTON HILLS, Mich., April 7 -- RouteOne LLC announced today that several major national auto groups have launched RouteOne's web- based credit application management system in their stores. These groups include Asbury Automoti ... Continue reading
Fleetwood Reports Plan to Sell Housing Retail and Finance Businesses
Apr 5, 2005
Fleetwood Retail Corp. and HomeOne Credit Corp. Expected to Be Sold Within One Year RIVERSIDE, Calif., April 5 -- Fleetwood Enterprises, Inc. , one of the nation's leading manufacturers of recreational vehicles and manufactured housing, today announced that its Board of Directors has authorized management to sell the m ... Continue reading
Hallmark Financial Services, Inc. Fourth Quarter and Year 2004 Earnings Results
Mar 31, 2005
FORT WORTH, Texas, March 30 -- Hallmark Financial Services, Inc. (AMEX:HAF.EC) today reported operating results for the fourth quarter and year ended December 31, 2004. Net income for the quarter ended December 31, 2004 was $1.4 million as compared to a net loss of $0.4 million for the same period in 2003. Income befor ... Continue reading
Intelligent Motor Cars Group to Launch New Finance Division
Mar 28, 2005
FORT LAUDERDALE, Fla.--March 28, 2005--Intelligent Motor Cars Group, Inc. (OTCBB:IMTR), today announced that they are prepared to launch a new Buy-Here/Pay-Here finance division to underwrite all of their in-house vehicle sales. "We've been giving away a good deal of our profit margins to other third party finance comp ... Continue reading
Bank of America Acquires $990 Million Auto Loan Portfolio
Mar 28, 2005
Seller KeyCorp Exiting Indirect Auto Business JACKSONVILLE, Fla., March 28 -- Bank of America today announced it has signed an agreement with KeyCorp to purchase the KeyCorp prime indirect automobile loan portfolio, consisting of $990 million spread among 89,000 customers. KeyCorp announced in January that it was exiti ... Continue reading
Donald Trump To Be The First Cadillac DTS Executive Limousine Customer
Mar 23, 2005
NEW YORK March 23, 2005; President George W. Bush was delivered the world's first, state-of-the-art 2006 Cadillac DTS presidential limousine in January. Never one to be outdone, billionaire real estate developer Donald J. Trump is next to receive his keys to the first 2006 Cadillac DTS executive limousine, which will b ... Continue reading
GM in Talks to Sell Stake in GMAC Unit (GEMC?)
Mar 23, 2005
NEW YORK March 23, 2005; Reuters reported that General Motors Corp., facing a possible credit downgrade to "junk" status, is in talks to sell a stake in its commercial mortgage unit, a spokeswoman for the automaker said on Wednesday. GM faces a cash outflow of $2 billion this year, but the automaker is not selling the ... Continue reading
Godzilla V.Mothra : General Motors's Debt Costs Surge as GE Pulls Support
Mar 22, 2005
Fairfield March 22, 2005: Bloomberg reported that General Motors Corp.'s borrowing costs rose to the highest in almost two years after the world's largest carmaker by sales lost financial support from General Electric Co. The extra yield, or spread, investors demand to hold GM's 8.375 percent bonds due 2033 instead of ... Continue reading
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