Sep 29, 2004
TORONTO--Sept. 29, 2004--Carbiz Inc. ("Carbiz") (TSX VENTURE:CZ) is pleased to announce its 2nd quarter results. In the second quarter, three months ended July 2004, sales increased over the previous year by 19%. This increase was due primarily to the incremental increase from our auto credit division. "Carbiz Auto Cre ... Continue reading
Ford Raises Earnings Guidance for 2004 Based on Strong Performance by Financial Services Business
Sep 17, 2004
DEARBORN, Mich. September 17, 2004; The AP reported that Ford Motor Co. raised its third-quarter and full-year earnings guidance for 2004 on Friday in part on the back of continued strong performance by its financial services business. The announcement came on the same day it announced about 1,150 job cuts in England a ... Continue reading
Automotive Capital Group, Inc. Launches On-Line "No Credit Check" Purchase System
Sep 16, 2004
FOR IMMEDIATE RELEASE Automotive Capital Group, Inc. Launches http://www.NowAuto.com No Credit Check, On-Line Auto Financing, NowAuto.com Makes No Credit Check Financing Possible A Truly Innovative Way to Purchase and Finance That Vehicle You Previously Thought Was Impossible! And, All At One Web Site. SCOTTSDALE, Ariz ... Continue reading
R. L. Polk & Co. Announces PolkOne(R) XPress
Sep 7, 2004
Latest Offering Provides Unmatched Auto, Credit Lending Offers SOUTHFIELD, Mich., Sept. 7 -- R. L. Polk & Co. today announced the launch of PolkOne(R) XPress -- an innovative, automotive credit- based list offering and locator of qualified buyers for pre-approved lender programs. PolkOne(R) XPress builds on the company ... Continue reading
Ford Credit to Offer Payment Deferrals to Victims of Hurricane Charley
Aug 30, 2004
DEARBORN, Mich., Aug. 30 -- Ford Credit is offering more than 150,000 customers in Central Florida the opportunity to defer automobile payments while they rebuild their lives in the aftermath of Hurricane Charley. Under Ford Credit's Disaster Relief Program, customers can defer up to two monthly payments without paying ... Continue reading
China's First Automotive Finance Company Opens for Business
Aug 18, 2004
GMAC-SAIC Joint Venture Creates Industry Standard SHANGHAI August 17, 2004; China's first automotive financing company, GMAC-SAIC Automotive Finance Company, Ltd. (GMAC-SAIC), opened for business today with the signing of the first consumer financing agreement for the purchase of a Buick Excelle. The new company is a j ... Continue reading
Bad Credit - No Problem - Buy on eBay Motors Get Guaranteed Financing
Aug 5, 2004
Automotive Capital Group is One of the First to Offer Financing on eBay Autos With No Credit Check SCOTTSDALE, Ariz., Aug. 5 -- Automotive Capital Group, Inc. announced today the company is now offering vehicles on eBay Motors with no credit check financing. The company is offering cars, trucks and SUVs on eBay Motors ... Continue reading
Aug 4, 2004
* LaSorda outlines Chrysler Group's vision of flexibility: taking lessons learned on the plant floor and applying to entire organization * New business model features the most advanced use of supplier co- location in North America * LaSorda challenges global supplier base to become more flexible TRAVERSE CITY, Mich., A ... Continue reading
Rolls-Royce Names New Financial Services VP for the Americas
Aug 3, 2004
CHANTILLY, Va., Aug. 3 -- Rolls-Royce today announced the appointment of Marc Allinson as Vice President - Financial Services, for the Americas effective immediately. In this role, Allinson is responsible for all customer finance for commercial aviation clients across North and South America. He reports to William T. P ... Continue reading
Ford Credit Wins Initial Approval to Enter China Auto Finance Market
Aug 2, 2004
- Ford Credit to provide loans to Ford Motor Company dealers and their customers - Plan includes investment of US $60 million/Renminbi (RMB) 500 million DEARBORN, Mich., Aug. 2 -- Ford Motor Credit Company today announced that the banking authority in China, the China Banking Regulatory Commission, has approved the com ... Continue reading
GE Consumer Finance Enters Strategic Joint Venture Agreement with Hyundai Capital in South Korea
Aug 2, 2004
SEOUL, South Korea--Aug. 1, 2004--GE Consumer Finance, the global consumer lending unit of General Electric Company , today announced that it had entered a strategic joint venture agreement with Hyundai Capital Services, Inc., (HCS) Korea's leading consumer finance company. The joint venture agreement creates a formal ... Continue reading
GE Capital to Buy Hyundai Capital Stake
Aug 2, 2004
SEOUL August 1, 2004; Lee Bong-hyun and Jean Yoon writing for Reuters reported that GE Capital, a unit of General Electric Capital Corp., agreed on Monday to buy a stake in Hyundai Motor Co.'s ailing financial arm for $371 million, making inroads into South Korea's $8.6 billion auto financing market. Hyundai Capital Se ... Continue reading
Hyundai Motor Expands Territory - May Sell Financial Services to GE
Jul 30, 2004
Seoul July 30, 2004; Seo Jee-yeon writing for the Korea Times reported that Hyundai Automotive Group (HAG) is expanding its business territory into steel and construction. A consortium led by HAG¡¯s two steel units _ INI Steel and Hyundai Hysco, will sign a final contract to take over the troubled Hanbo Steel today f ... Continue reading
Automotive Point of Sale Finance to Race Ahead of Traditional Bank Loans
Jul 29, 2004
LONDON, July 29 -- Automotive point of sale (POS) finance is fast becoming an integral part of vehicle manufacturers' (VM) product, sales and marketing strategies. Equipped with competitive interest rates and a wide array of value-added services, captive and independent finance companies are challenging banks, which we ... Continue reading
Jul 28, 2004
TORRANCE, Calif., July 28 -- Toyota Financial Services today announced the appointment of Raymond P. Specht as President & CEO of Toyota Financial Savings Bank (TFSB). Mr. Specht will also serve as Corporate Manager of Toyota Financial Services (TFS) and will report to Geri Brewster, Vice President and General Counsel. ... Continue reading
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