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

GM 3Q Profitable; BUT Automotive Earnings Down Sharply

Oct 15, 2003

DETROIT October 15, 2003; John Porretto writing for the AP reported that General Motors Corp. earned $425 million in the third quarter, in contrast to a loss of $804 million a year ago, but automotive earnings fell sharply because of intense pricing pressure in North America and unfavorable exchange rates overseas. The ... Continue reading

NYSE Notifies Championship Auto Racing Teams of Its Deficiencies in Meeting Continued Listing Standards

Oct 7, 2003

INDIANAPOLIS, Oct. 6 -- Championship Auto Racing Teams, Inc. today reported that it has received formal notification from the New York Stock Exchange that the Company had fallen below the NYSE continued listing criteria as the Company's average market capitalization is less than $15 million over a 30 trading-day period ... Continue reading

Newtek Small Business Finance Funds First Minority-Owned Auto Dealership Under the SBA's Emerging Market Automotive Program

Oct 2, 2003

NEW YORK, Oct. 2 -- Newtek Business Services, Inc. (AMEX:NKC) (www.newtekbusinessservices.com), a provider of business services and financial products to the small business market, announced today that its small business lender, Newtek Small Business Finance (www.newteksbfinance.com), has provided financing to the firs ... Continue reading

NADAguides.com and E*TRADE Bank Announce Partnership

Oct 2, 2003

COSTA MESA, Calif., Oct. 2 -- NADAguides.com (www.NADAguides.com), the nation's most comprehensive vehicle information resource on the Internet, today announced a partnership with E*TRADE Bank, the nation's largest branchless bank and a subsidiary of E*TRADE FINANCIAL Corp., a leading provider of fully integrated finan ... Continue reading

GE Fleet Services Acquires CitiCapital Fleet Services

Oct 2, 2003

EDEN PRAIRIE, Minn.--Oct. 1, 2003--GE Fleet Services announced today it signed an agreement on September 30, 2003, to purchase certain assets of CitiCapital Fleet Services headquartered in Carrollton, Texas. Details of the transaction were not disclosed. "CitiCapital Fleet Services is highly regarded in the fleet indus ... Continue reading

CMA Business Credit Services Appointed Assignee for Indian Motorcycle Corporation

Oct 1, 2003

BURBANK, Calif.--Oct. 1, 2003--Audax Group, the principal investor in Indian Motorcycle Corporation, announced today the assignment of the company's assets to CMA Business Credit Services of Burbank, California. CMA is the oldest general assignment firm in the U.S. CMA's initial task is to seek a buyer for Indian Motor ... Continue reading

New Technology Decreases Time to Enter Loan Data from Eight Hours to Five Minutes

Sep 30, 2003

DENVER--Sept. 30, 2003--Aimbridge Indirect Lending and Tampa Bay-based MacDill Federal Credit Union announced the development of technology that connects the credit union to their funded loan application data, enabling MacDill FCU to automatically retrieve loan data using electronic file transfer technologies in a batc ... Continue reading

Coachmen Industries Forms New State-Of-The-Industry Financing Program

Sep 30, 2003

Exclusive Financial Services Will Benefit Coachmen(R), Georgie Boy(R) and Viking(R) RV Dealers ELKHART, Ind., Sept. 29 -- Coachmen Industries is announcing the formation of a private label finance program that will provide exclusive financing services to its recreation vehicle (RV) dealers. The creation of Coachmen Fin ... Continue reading

GMAC Mortgage Announces New Chief Information Officer

Sep 26, 2003

HORSHAM, Pa. September 26, 2003; GMAC Mortgage has named Bill Shuler its chief information officer, with responsibility for providing vision and leadership for developing and implementing information technology initiatives for the company. "Bill's talent and experience in the mortgage industry will be critical as we de ... Continue reading

Volvo Signs And Pininfarina To Partner To Build Convertible

Sep 22, 2003

MILAN September 22, 2003; Dow Jones reported that Italian auto designer Pininfarina SpA and Ford Motor Co.'s Volvo Car Corporation announced Monday a joint venture to develop and produce a convertible car for the Swedish automaker. Pininfarina, which designs for Fiat SpA (FIA), Ferrari, and other brands, also produces ... Continue reading

Management Rotation at DaimlerChrysler Services

Sep 17, 2003

* Richard Wardwell is Named President and CEO Responsible for DaimlerChrysler Services Canada * Juergen Rochert is Named Vice President of Mercedes-Benz Credit and DaimlerChrysler Services Mexico FARMINGTON HILLS, Mich., Sept. 17 -- DaimlerChrysler Services today announced a management rotation at the executive level. ... Continue reading

Asbury Automotive Group Names J. Gordon Smith New CFO

Sep 17, 2003

STAMFORD, Conn., Sept. 17 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that J. Gordon Smith has been named Senior Vice President and Chief Financial Officer. Mr. Smith will replace Thomas F. Gilman, who has decided to leave Asbury. Mr. Smith ... Continue reading

Fewer Trucks Repossessed in the First Half of 2003, Reports Nassau Asset Management's Quarterly Index

Sep 15, 2003

Index Tracks Top Repos, Including Printing Presses, Machine Tools, Construction Equipment, Buses, and Medical Devices ROSLYN HEIGHTS, N.Y., Sept. 15 -- Fewer trucks were repossessed in the first two quarters of 2003 than the same time last year, another sign that the economy may be improving for the trucking industry i ... Continue reading

Opel Presses Forward With Changes

Sep 12, 2003

FRANKFURT, Germany September 12 2003; David Mchugh, writing for the AP reported that Adam Opel AG, the German arm of General Motors Corp., says it's weighed down by the weak German economy as its revamped top compact enters the fray against heavy competition and the company seeks to return to profitability. "I would ca ... Continue reading

Auto Lease Volume Down Another 7% in 2002

Sep 12, 2003

NASHVILLE, Tenn., Sept. 12 -- The Association of Consumer Vehicle Lessors announced today that member leasing companies reporting both 2001 and 2002 volume had a total reduction in new leases from 2.02 million to 1.89 million. This modest 6.8% 2002 volume decline shows that leasing activity has almost stabilized. Howev ... Continue reading