Jul 11, 2003
Area Dealer Offers Customers Unsurpassed Protection Against Vehicle's Hidden Past LANCASTER, Calif., July 10 -- The Lancaster Auto Group, the number one volume new Honda and Mazda dealer in the high desert, has chosen to insure all of its used car buyers against hidden title defects for up to $50,000 with TitleGuard Ve ... Continue reading
Ford to Name Controller as CFO
Jul 10, 2003
DETROIT July 10, 2003; Justin Hyde writing for Reuters reported that Ford Motor Co. plans to name Controller Don Leclair as its chief financial officer and give Vice Chairman and current CFO Allan Gilmour responsibility for long-term strategy, a source familiar with the company's plans said on Thursday. The promotion o ... Continue reading
Ford Credit to Exit Auto Leasing in Rhode Island in October
Jul 1, 2003
DEARBORN, Mich., June 30 -- Ford Credit today announced that it plans to exit automobile leasing in Rhode Island in October 2003, in response to an outdated law that holds finance companies responsible for accidents involving their leasing customers. Rhode Island's vicarious liability law has resulted in significant pa ... Continue reading
DaimlerChrysler Trucks Business to Unveil Reorganization
Jun 28, 2003
FRANKFURT June 27, 2003; DaimlerChrysler AG on Monday will outline a strategy to consolidate parts of its far-flung truck operations in a bid to boost profits and leverage its economies of scale. The plan calls for unifying purchasing, development and certain other parts of its Mercedes-Benz and Freightliner divisions, ... Continue reading
Jun 25, 2003
NEW YORK--June 25, 2003--Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, and the largest non-captive purchaser of loans and leases in the United States and 4th largest auto leasing company in New York, today confirmed it would exit the auto leasing business in New York effective Jul ... Continue reading
Ford Credit to Exit Leasing in New York July 10
Jun 23, 2003
DEARBORN, Mich., June 23 -- Ford Credit today announced that it plans to exit automobile leasing in New York after July 9, 2003, in response to an outdated law that holds finance companies responsible for accidents involving their leasing customers. New York's vicarious liability law has resulted in large payouts by fi ... Continue reading
Auto Club: Lower Rates Create Growing Interest in Refinancing Auto Loans
Jun 20, 2003
LOS ANGELES--June 19, 2003--Record low interest rates have created a surge in the number of car owners seeking to refinance auto loans, according to the Automobile Club of Southern California. Industry data shows that the number of auto loans that have been refinanced has increased nationally by 75 percent in two years ... Continue reading
DCX Update on Financial Performance and Outlook for 2003
Jun 4, 2003
STUTTGART, Germany and AUBURN HILLS, Mich., June 3 -- Following a Board of Management meeting today in Stuttgart, DaimlerChrysler is issuing additional guidance to the capital markets as to its likely financial performance in the second quarter and for the year as a whole. (Logo: http://www.newscom.com/cgi-bin/prnh/200 ... Continue reading
GMAC to Sponsor Sarah Fisher in IRL
May 22, 2003
Contacts: Rick Voegelin rickvoegelin@compuserve.com GM Racing Communications (831) 761-2201 http://media.gm.com/gmracing Lou Ann Baker Dreyer and Reinbold Racing (317) 513-1284 GMAC to Join Fisher for Indianapolis 500 and Remainder of Season INDIANAPOLIS - With anticipation building for Sunday's Indianapolis 500, Dreye ... Continue reading
American Honda Finance Corp. to Suspend All Leasing In Three States
May 19, 2003
Archaic Laws Unfairly Punish Lenders - Raise Leasing Costs TORRANCE, Calif., May 19 -- American Honda Finance Corporation (AHFC), a wholly owned subsidiary of American Honda Motor Co., Inc., today announced that AHFC and its affiliates in July will suspend all vehicle leasing to residents of the states of New York, Con ... Continue reading
May 14, 2003
DENVER--May 14, 2003--The Aimbridge Group, a provider of financial products through partnerships with credit unions, announced the launch of its redesigned Web site. The site was created by Redbeard Communications, a brand strategy and creative design firm, and is located at www.aimbridge.com. The Aimbridge Web site wa ... Continue reading
May 13, 2003
TROY, Mich., May 12 -- Intertec Systems launched production of the first North American application of instrument panels featuring its patented High Performance Integration (HPI) technology for Auto Alliance International and the company's all-new 2003 Mazda6 sports sedan. Intertec Systems, a joint venture between Plym ... Continue reading
Auto Affordability Remains Steady, Comerica Reports
May 12, 2003
DETROIT, May 12 -- The purchase of an average- priced new vehicle during the first quarter of 2003 took 20.0 weeks of median family income, before taxes, according to the Auto Affordability Index compiled by Detroit-based Comerica Bank. The latest Auto Affordability Index reading is unchanged from fourth quarter 2002. ... Continue reading
Kia Motors America Leverages DealerTrack to Accelerate Dealer-to-Lender Relationships
May 5, 2003
MELVILLE, N.Y.--May 5, 2003--DealerTrack, Inc. today announced that Kia Motors America (KMA) is participating on its DealerTrack(TM) auto financing platform as a part of Kia's recently announced alliances with Chase Manhattan Bank USA, N.A., and AmeriCredit Financial Services, Inc. Kia joins a community of 30 lenders a ... Continue reading
Union Bank & Trust Accelerates Auto Financing with DealerTrack
Apr 29, 2003
MELVILLE, N.Y.--April 29, 2003--DealerTrack, Inc. today welcomes Union Bank & Trust, Nebraska's largest state-chartered bank & trust company, as a new participant on its DealerTrack(TM) online auto finance platform. Union Bank & Trust joins 29 other lenders already connected to the platform, which helps automate and ac ... Continue reading
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