News By Topic: Credit Bureaus (Chrysler Credit, GMAC, etc.)

Northeast Auto Acceptance Corp's. Third Quarter Revenue Surge

Dec 20, 2004

MERRICK, N.Y.--Dec. 20, 2004--Northeast Auto Acceptance Corp. (OTC: NAAC) announced today that the company's third quarter 2004 revenue rose sharply to $13,720,450, a 74% increase over the $7,896,416 the company reported in the third quarter of 2003. For the nine-month period ended September 30, 2004, the company poste ... Continue reading

Chrysler Group Names New Executive

Dec 17, 2004

Ronald E. Kolka to Vice President - Corporate Financial Control AUBURN HILLS, Mich., Dec. 17 -- The DaimlerChrysler Board of Management today announced the appointment of Ronald E. Kolka as Vice President at the Chrysler Group. Ronald E. Kolka, formerly Director - U.S. Sales and Marketing Financial Control, has been ap ... Continue reading

Auto Dealership Will Focus on Import Vehicles With No Credit Check Financing - At Average 29.9%

Dec 15, 2004

SCOTTSDALE, Ariz., Dec. 15 -- NowAuto, Inc. has reopened the Scottsdale, Arizona lot after a 3-month makeover. The new dealership has been remodeled, painted, and lights installed so the dealership can stay open longer. The Scottsdale dealership will focus on imported vehicles including Honda, Nissan, Acura, and Toyota ... Continue reading

DaimlerChrysler Announces Retirement of American Car Guy Steven A. Torok

Dec 10, 2004

AUBURN HILLS, Mich., Dec. 10 -- DaimlerChrysler Corp. today announced the retirement of Steven A. Torok, Senior Vice President - Strategic Assessment. Torok, who was named to the position in June, has held a number of key positions during his 30 years with the company, among them, Chrysler Group Vice President - Busine ... Continue reading

E-LOAN and Edmunds.com Announce Partnership

Dec 7, 2004

E-LOAN Partners With the Premier Online Automotive Information Resource for Consumers; Edmunds.com Named the 'Most Useful Web Site' According to Every J.D. Power and Associates New Autoshopper.com Study(SM) PLEASANTON, Calif., Dec. 7 -- E-LOAN(R) , an online consumer direct lender, today announced that it has been name ... Continue reading

Autobytel's Car.com Triples Number of Finance Leads Customers for Dealers

Nov 22, 2004

Dealers Benefit from Direct Channel of 'Ready to Buy' Customers Who May Have Experienced Difficulty Securing Loans IRVINE, Calif., Nov. 21 -- Car.com, Inc., a subsidiary of Autobytel Inc. , reports that it tripled the number of Finance Leads customers channeled to its nationwide network of dealers in the first nine mon ... Continue reading

Chrysler Financial Reaches One Million Contract Mark in 2004

Nov 10, 2004

* Customer Drives Away in a New 2005 Dodge Magnum * Customer Released From Payment Obligation BALTIMORE, Nov. 10 -- Chrysler Financial, a DaimlerChrysler Services business unit, celebrates one million contracts booked in one year. In commemoration of the occasion, Chrysler Financial released the one millionth customer ... Continue reading

GM Offers to Lock Finance Rates on Next Two Car Buys for People Who Buy 2005 Models

Nov 10, 2004

DETROIT November 10, 2004; The AP reported that General Motors Corp. said Tuesday that people who buy 2005-model vehicles with loans from the automaker's financing arm through Nov. 30 will also be able to lock in the interest rate on their next vehicle. General Motors Acceptance Corp.'s "Lock `n' Roll" loan program wil ... Continue reading

More Than Half of Americans Say Their Monthly Car Payments Are Enough of a Burden to Prevent Them From Making Big Ticket Purchases

Nov 5, 2004

ISLANDIA, N.Y., Nov. 5 -- More than half of Americans (56%) say their monthly lease and car payments are enough of a burden to prevent them from making other big ticket purchases, according to the Cambridge Consumer Credit Index. 17% of those with car loan payments say these loans are a major burden, up from 11% who fe ... Continue reading

Toyota, Honda and Nissan are grabbing global market share

Nov 4, 2004

Tokyo November 4, 2004; Alan Ohnsman writing for Bloomberg Asia reported that Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., Japan's three biggest auto companies, also are making money on selling cars. General Motors Corp. and Ford Motor Co., the world's largest and third-largest auto producers, are relying ... Continue reading

Dongfeng Peugeot Completes China Car Financing Deal

Nov 1, 2004

Beijing, Nov. 1, 2004; (Xinhuanet) Dongfeng Peugeot, a unit of the joint venture between French PSA Peugeot Citroen and China's Dongfeng Motor Corp, on Saturday clinched a car financing deal with three Chinese commercial banks. According to the deal, Bank of China, Citic Industrial Bank and China Merchants Bank will pr ... Continue reading

KTM and GE's Retail Sales Finance Unit Sign Exclusive Agreement

Oct 25, 2004

ST. PAUL, Minn.--Oct. 24, 2004--The Retail Sales Finance unit of GE Consumer Finance and KTM North America today announced an exclusive multi-year renewal agreement to provide KTM Motorcycle enthusiasts in North America with financing through closed-end loans and a branded credit program. The KTM CARD Program, as well ... Continue reading

FORD MOTOR CREDIT EARNS $734 MILLION IN THE THIRD QUARTER

Oct 19, 2004

DEARBORN, Mich., Oct. 19 -- Ford Motor Credit Company reported net income of $734 million in the third quarter of 2004, up $230 million from $504 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $1.2 billion in the third quarter, compared with $808 million in the previous ... Continue reading

Carbiz Inc. Closes Financing and Announces Plans for Further Expansion

Oct 12, 2004

SARASOTA, Fla.--Oct. 12, 2004--Carl Ritter, Chief Executive Officer of Carbiz Inc. (TSX VENTURE:CZ) ("Carbiz"), announced the closing of a brokered 5% convertible debenture (the "Debentures") financing (the "Financing"), pursuant to which an aggregate of US$1,030,922 principal amount of Debentures were issued. Carbiz s ... Continue reading

European Central Bank Leaves Rates Alone

Oct 7, 2004

BRUSSELS, Belgium October 7, 2004; Paul Geitner writing for the AP reported that The European Central Bank left its key refinancing rate unchanged at 2 percent Thursday amid signs that the recovery in the 12-nation euro zone may be sputtering. The decision by the bank's 18-member governing council -- making one of its ... Continue reading