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

DaimlerChrysler to Create New Global External Affairs and Public Policy Department to Be Led by Robert G. Liberatore

DaimlerChrysler to Create New Global External Affairs and Public Policy Department to Be Led by Robert G. Liberatore

STUTTGART, Germany and WASHINGTON, Sept. 10 -- To support the company's global business strategy, DaimlerChrysler AG today announces the creation of a new worldwide External Affairs and Public Policy (EAPP) department, to be headed by Group Senior Vice President Robert G. Liberatore, effective January 1, 2004. The new ... Continue reading

Buy A Vehicle and Recover Your Money Faster, According to David M. Spitzberg, CPA

Buy A Vehicle and Recover Your Money Faster, According to David M. Spitzberg, CPA

JENKINTOWN, Pa.--Sept. 4, 2003--Your company needs a new vehicle and you're willing to spend $50,000. Don't ignore new incentives built into the income tax system. Assuming a 35% tax rate, year one savings of up to $3,749 can result from purchasing an automobile with an unloaded gross vehicle weight of 6,000 pounds or ... Continue reading

Ford to Participate in Deutsche Conference in Munich, Germany

Ford to Participate in Deutsche Conference in Munich, Germany

DEARBORN, Mich., Sept. 2 -- Dan Gardetto, fixed income manager, Ford Motor Company, and David Kimball, treasurer, FCE Bank PLC, will participate in the Deutsche Investor Conference in Munich, Germany on Sept. 4 at 9:15 a.m. local time. (Please note: This is 3:15 a.m. EDT). The presentation will be Web cast at www.share ... Continue reading

Bass Pro Shops, MBNA Sign Multi-Year Deal to Sponsor Fall Race at Atlanta Motor Speedway

Bass Pro Shops, MBNA Sign Multi-Year Deal to Sponsor Fall Race at Atlanta Motor Speedway

CONCORD, N.C.--Aug. 28, 2003--Speedway Motorsports, Inc. officials recently announced that Bass Pro Shops and MBNA America will co-sponsor Atlanta Motor Speedway's fall NASCAR Winston Cup race for the next four years. Bass Pro Shops leads the nation in outdoor retail sales while MBNA America is recognized as the world' ... Continue reading

National City to Automate Automotive Finance Through DealerTrack; Bank's Automotive Finance Arm Continues Migration to Online Platform

National City to Automate Automotive Finance Through DealerTrack; Bank's Automotive Finance Arm Continues Migration to Online Platform

MELVILLE, N.Y.--Aug. 25, 2003--DealerTrack, Inc. today welcomed National City to the growing community of financing sources participating on its online auto finance platform. National City joins more than 40 financial institutions and over 20,000 dealerships nationwide using DealerTrack(TM). Garry Marquiss, senior vice ... Continue reading

Teen Survival Guide: Motor Parts Federal Credit Union's boom! Program Provides Financial 'Basic Training'

Teen Survival Guide: Motor Parts Federal Credit Union's boom! Program Provides Financial 'Basic Training'

AUBURN HILLS, Mich., Aug. 14 -- With online purchasing a click away, advertisers pushing the latest fashion trends and easy access to credit card applications, there are endless financial pitfalls that teenagers can encounter. To help avoid these potential nightmares, teens (ages 13 to 18) can learn financial responsib ... Continue reading

AutoCorp & Pacific Auto Group Complete Merger Transaction

AutoCorp & Pacific Auto Group Complete Merger Transaction

FRISCO, Texas, Aug. 12 -- AutoCorp Equities, Inc. (BULLETIN BOARD: ACOR) announced today that it has satisfied all of the terms and conditions of the proposed merger with Pacific Auto Group and the transaction has been finalized. The merger will provide AutoCorp's two subsidiaries, American Finance Company (AFCO) and A ... Continue reading

GM toa talka toa Fiat somea mora.

GM toa talka toa Fiat somea mora.

GM Says More Talks Set with Fiat Friday 4:21 pm ET DETROIT August 8, 2003; Reuters reported that General Motors said it was planning talks with Fiat SpA over the status of its agreement with the troubled Fiat Auto unit. In its quarterly report to the U.S. Securities and Exchange Commission, GM said it and Fiat "have di ... Continue reading

American Suzuki Targets Future Growth in Announcement of Agreement With Nuvell Financial Services

American Suzuki Targets Future Growth in Announcement of Agreement With Nuvell Financial Services

- Nuvell Financial Services Corp., a subsidiary of GMAC, Will Emphasize a Wider Range of Products and Dealer/Customer Satisfaction, to Help Suzuki Meet Its Goal of Tripling U.S. Vehicle Sales by 2007 - - American Suzuki's Agreement With Nuvell Financial Services Is First Step in Creation of a 'Captive' Auto Finance Com ... Continue reading

Key AutoFinance Selects DealerTrack to Automate Automotive Lending Processes

Key AutoFinance Selects DealerTrack to Automate Automotive Lending Processes

MELVILLE, N.Y.--Aug. 6, 2003--Key AutoFinance, a unit of Cleveland-based KeyCorp, has joined the growing list of financial institutions utilizing the DealerTrack(TM) auto finance platform. Use of the DealerTrack platform will help Key AutoFinance further accelerate its relationships among dealer clients currently using ... Continue reading

Credit Acceptance Announces: - 2nd Quarter Earnings

Credit Acceptance Announces: - 2nd Quarter Earnings

SOUTHFIELD, Mich.--Aug. 5, 2003--Credit Acceptance Corporation Credit Acceptance Corporation (the "Company") announced consolidated net income for the three months ended June 30, 2003 of $1,008,000 or $0.02 per diluted share compared to $8,466,000 or $0.19 per diluted share for the same period in 2002. For the six mont ... Continue reading

United Capital Corp. Announces Two-For-One Stock Split

United Capital Corp. Announces Two-For-One Stock Split

GREAT NECK, N.Y.--Aug. 5, 2003--United Capital Corp. (ASE:AFP) today announced that the company's Board of Directors has unanimously approved a two-for-one split of the company's Common Stock. Shareholders of record as of the close of business August 15, 2003 will receive one additional share of Common Stock for each s ... Continue reading

Ford Credit Appoints Mike Bannister President and COO

Ford Credit Appoints Mike Bannister President and COO

DEARBORN, Mich., July 31 -- Greg Smith, chairman and CEO of Ford Motor Credit Co., today announced that Mike Bannister is appointed president and chief operating officer of the company. Bannister, formerly president, Ford Credit International, will be responsible for taking a leadership role in shaping Ford Credit's fu ... Continue reading

Ford Credit Earns $401 Million in Second Quarter

Ford Credit Earns $401 Million in Second Quarter

DEARBORN, Mich., July 16 -- Ford Motor Credit Company reported net income of $401 million in the second quarter of 2003, up $71 million from earnings of $330 million in the same period a year earlier. On a pre-tax basis, Ford Credit earned $661 million in the second quarter of 2003 compared with $519 million in the sec ... Continue reading

Ford Names Don Leclair Chief Financial Officer; Jim Gouin Appointed Vice President, Controller

Ford Names Don Leclair Chief Financial Officer; Jim Gouin Appointed Vice President, Controller

* Ford stabilizes finance leadership with appointments of Leclair and Gouin, two company veterans, experienced automotive executives. * They have played an instrumental role leading Finance in achieving progress in our revitalization. DEARBORN, Mich., July 10 -- Ford Motor Company today named Don Leclair a group vice p ... Continue reading

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