Report Finds Discrimination in Honda Auto Loan Markups
Jul 27, 2004
CFA Calls on Honda and its Dealers to End Higher Markups to African-Americans WASHINGTON, July 27 -- Today, in response to a new report on discriminatory auto loan markups by American Honda Finance Corporation, the Consumer Federation of America calls on Honda and its dealers to end undisclosed lending practices that d ... Continue reading
Repossessors Seized More Trucks in Q2
Jul 27, 2004
Nassau Asset Management Announces Plans to Supplement Quarterly Index on Repos with Emerging Trends Alerts ROSLYN HEIGHTS, N.Y., July 27 -- Nassau Asset Management's NasTrac Quarterly Index (NQI) has identified a dramatic increase in truck repossessions since first quarter. Ed Castagna, senior executive vice president ... Continue reading
State Auto Financial Announces Record Quarterly Earnings
Jul 27, 2004
COLUMBUS, Ohio--July 27, 2004--State Auto Financial Corporation -- Record quarterly earnings of $0.85 -- GAAP combined ratio improved to 87.0 -- Net income up 128% for first six months State Auto Financial Corporation today reported record second quarter net income of $34.6 million, or $0.85 per diluted share, versus $ ... Continue reading
Jul 26, 2004
FARMINGTON HILLS, Mich., July 26 -- DaimlerChrysler Services North America announced today that Janet Marzett has been named Vice President -- Human Resources and Administrative Services for DaimlerChrysler Services, effective immediately, in concurrence with the retirement of Thomas Guidugli. Marzett, who has 24 years ... Continue reading
DaimlerChrysler Services Celebrates Chrysler Financial's Big '40'
Jul 23, 2004
Chrysler Financial Celebrates 40 Years of Financing as a 'Sign of Good Things to Come' FARMINGTON HILLS, Mich., July 23 -- Chrysler Financial, a business unit of DaimlerChrysler Services North America celebrates its 40th anniversary today. As the Chrysler, Jeep(R) and Dodge dealers preferred finance choice, DaimlerChry ... Continue reading
Automotive Capital Group Announces New Chairman, CEO/President
Jul 23, 2004
Scott Miller Brings Considerable Experience Serving on the Board of Directors of Numerous Public Companies Listed on Nasdaq, American Stock Exchange, and New York Stock Exchange SCOTTSDALE, Ariz., July 23 -- Automotive Capital Group, Inc. today announced the appointment of the companies new CEO/President, Scott Miller. ... Continue reading
GM Earns $1.3 Billion or $2.36 Per Share in Second Quarter 2004
Jul 21, 2004
GMAC posts record quarterly earnings, driven by financing and insurance Automotive earnings increase to $529 million Calendar year earnings forecast of $7.00 per share remains unchanged <a href="http://media.gm.com/news/add_docs/NR2Q04-3.rtf&q uot;>CLICK4 General Motors Consolidated Statements of Income 2nd Quarter '04 ... Continue reading
No Rebates or Incentives Necessary : Car Makers Make Money Renting Money
Jul 20, 2004
DETROIT, July 20, 2004; Tom Brown writing for Reuters reported that Detroit may be known as the Motor City, but its automakers can seem more like banks these days than the gritty industrial powerhouses they were in the past. At Ford Motor Co., core automotive operations earned more in the first quarter than its banking ... Continue reading
FORD CREDIT EARNS $897 MILLION IN SECOND QUARTER
Jul 20, 2004
DEARBORN, Mich., July 20 -- Ford Motor Credit Company reported record net income of $897 million in the second quarter of 2004, up $496 million from $401 million a year earlier. On a pre-tax basis from continuing operations, Ford Credit earned $1.4 billion in the second quarter, compared with $661 million in the previo ... Continue reading
Ford Announces Second Quarter Financial Results
Jul 20, 2004
- Net income of 57 cents per share, or $1.2 billion. - Earnings from continuing operations of 61 cents per share, excluding special items. - Financial Services sector pre-tax profit of $1.6 billion, up $800 million from a year ago. - Ford Europe pre-tax profit of $211 million, an improvement of more than $700 million c ... Continue reading
Jul 19, 2004
CAMARILLO, Calif.--July 19, 2004--Interlink Electronics, Inc. and eOriginal, Inc. announced that DealerTrack, Inc. has selected Interlink's ePad-ink e-signature input device to be used with eOriginal's digital signature and vaulting technology for DealerTrack's innovative eContracting solution. Interlink Electronics is ... Continue reading
Poll Says One-Third of Car Buyers Do Not Pay Attention to Paperwork
Jul 10, 2004
RICHMOND, Va., July 9 -- A recent poll of more than 33,000 car shoppers conducted by CarMax, Inc. on the company's Web site shows that 33 percent of car purchasers do not pay careful attention to their car purchase paperwork. Conversely, 67 percent of consumers say they pay very careful attention to the paperwork. When ... Continue reading
Automotive Capital Group Launches Three New Specialty Auto Finance Programs
Jul 7, 2004
AOCP Launches E-Commerce Websites AutoCapitalGroup.com and TitleLoanHelp.com PHOENIX, July 6 -- Automotive Capital Group, Inc. (Pink Sheets: AOCP) announces today the launch of three specialty finance programs seeking investment opportunities in all aspects of the automotive retailing business including the new car, us ... Continue reading
RouteOne Announces Executive Staff
Jul 6, 2004
Executives leave auto manufacturers to continue careers at RouteOne SOUTHFIELD, Mich., July 6 -- RouteOne LLC announced today that effective immediately, four of the top six officers who had been on "loan" from the captive finance arms of DaimlerChrysler Services, Ford Motor Company and Toyota Motor Corporation have re ... Continue reading
Jun 21, 2004
Management Briefing Seminars, from Aug. 2 to 6, to offer survival, success strategies from key leaders ANN ARBOR, Mich., June 21 -- A perfect storm is brewing for global automakers and suppliers, but those who lead, manage and influence the industry have the knowledge and capabilities for navigating the troubled waters ... Continue reading
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