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

Chase to Exit Auto Leasing Business in New York and Connecticut Effective July 1

Apr 21, 2003

NEW YORK--April 21, 2003--Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, which together with its affiliates has the largest non-captive auto loan and leasing portfolio in the country, today announced it plans to exit the auto leasing business in New York and Connecticut effective J ... Continue reading

Ford Declares Second Quarter Dividend

Apr 10, 2003

DEARBORN, Mich., April 9 -- The Board of Directors of Ford Motor Company today declared a second quarter dividend of 10 cents per share, on the company's Class B and common stock. This is the same level of dividend paid in the first quarter of 2003. The second quarter dividend is payable on June 2, 2003 to shareholders ... Continue reading

Mercedes-Benz Credit and Mercedes-Benz USA Move to Strengthen Brand With an Integrated Market Approach

Apr 7, 2003

-- Six New Mercedes-Benz Credit Region Managers -- Tailored Support to Mercedes-Benz USA and Dealers -- Increased Customer Focus -- Integrated Regional Approach to Program Management FARMINGTON HILLS, Mich., April 7 -- Mercedes-Benz Credit (MBC), a DaimlerChrysler Services business unit, announced today the addition of ... Continue reading

GMAC Exercises Option To Purchase Capital Auto Receivables Asset Trust 1999-2

Apr 5, 2003

DETROIT - General Motors Acceptance Corporation (GMAC) announced today that it would exercise its option to purchase the remainder of the Capital Auto Receivables Asset Trust 1999-2 on April 15, 2003. This will result in a termination of all of the outstanding Capital Auto Receivables Asset Trust 1999-2 Class B 6.700% ... Continue reading

Ford Credit Plans to Exit Leasing in New York

Apr 4, 2003

DEARBORN, Mich., April 4 -- Ford Credit today announced that it plans to exit automobile leasing in New York in early July 2003 in response to an outdated law that holds leasing companies responsible for accidents involving their leasing customers. New York's vicarious liability law has resulted in large payouts by lea ... Continue reading

Mercedes-Benz Credit Web Site ... An Experience in Distinct Innovation

Mar 26, 2003

FARMINGTON HILLS, Mich., March 26 -- Mercedes-Benz Credit (MBC), a DaimlerChrysler Services business unit, announced today the launch of a refreshed version of its Web site, www.mbcredit.com . The new site incorporates all features of the former mbcc.com site and combines them with new features in an easy to navigate e ... Continue reading

Hagens Berman Announces Suit Against Chrysler for Redlining, Discriminatory Lending Practices Against Minorities Expands to Include Hispanics,

Mar 26, 2003

Suit Alleges Hispanic Purchasers' Credit Applications "tossed into a 'Reject' Bin" CHICAGO, March 25 -- Attorneys representing a group of African-Americans who claim they were denied loans by DaimlerChrysler based on their race and where they live say they have expanded the proposed class-action lawsuit to include Hisp ... Continue reading

Revolution Motorsports Gets Sponsor

Mar 20, 2003

FOR IMMEDIATE RELEASE Contact: John Thawley johnthawley@GoRevolution.com 248.227.0110 Revolution Motorsports Teams Up With GMAC Commerical Finance GMAC to promote business-to-business relations through motorsports Detroit ­ March 19, 2003 ­ Revolution Motorsports will partner with GMAC Commercial Finance featuring an ... Continue reading

"No Comment" :Fiat, GM Executives Meet in New York

Feb 23, 2003

NEW YORK, Feb 23, 2003; Reuters reported that top executives of troubled Italian automaker Fiat (Milan:FIA.MI - News) met on Sunday with their counterparts at General Motors Corp. , but no news emerged on what role GM could play in Fiat's last-ditch turnaround bid. Fiat Chairman Paolo Fresco and Chief Executive Alessan ... Continue reading

AFSA Joins Standards for Technology in Automotive Retail Group

Feb 21, 2003

MCLEAN, Va., Feb. 21 -- The American Financial Services Association (AFSA), a national trade association representing some of the nation's largest providers of consumer credit, has joined STAR, the IT standards body for the North American retail automotive industry. STAR (Standards for Technology in Automotive Retail) ... Continue reading

Intelligent Motor Cars Group Announces Acquisition, Name Change and Management Changes

Feb 21, 2003

FORT LAUDERDALE, Fla.--Feb. 21, 2003--Intelligent Motor Cars Group, Inc. (formerly Harrison Holding's, Inc. (OTCBB:HRSN)) announces that it has acquired all of the outstanding shares of Intelligent Motor Cars, Inc., a Florida corporation, which will continue its operations as a wholly-owned subsidiary. The Company's na ... Continue reading

Ford Credit Appoints David Cosper Chief Financial Officer

Feb 20, 2003

DEARBORN, Mich., Feb. 20 -- Greg Smith, chairman and CEO of Ford Motor Credit Co., today announced that David Cosper, presently assistant treasurer of Ford Motor Company, will become Ford Credit's new chief financial officer, effective April 1, 2003. Cosper, who will also serve as executive vice president of Ford Credi ... Continue reading

The GM Announces Partnership with No. 30

Feb 19, 2003

Asset Caption: NASCAR legend Richard Childress, owner of the #30 AOL car, and driver Jeff Green sign autographs for racing fans at the 2003 Chicago Auto Show. Childress and Green were in Chicago to help The GM Card announce its sponsorship of the AOL car. Asset Caption: Web-ready logo Asset Caption: Press releaseAsset ... Continue reading

Bankers Integration Group Signs 747 Dealerships During National Rollout of BIGFNI(TM) Decisioning Engine for Vehicle Loans

Feb 5, 2003

SAN FRANCISCO, Feb. 4 -- Bankers Integration Group (BIG), which just introduced its new flagship product, BIGFNI(TM), a decisioning engine that allows auto dealers and lenders to decision financing in real time in a matter of seconds, announced it has signed up 747 automotive dealerships to use the new technology. Ted ... Continue reading

Chrysler Financial Web Site is a Hit

Jan 24, 2003

* More than 9 million visits in 2002 * Linkage to Chrysler Group Dealers * New Simplified User Interface * 24 hour account access FARMINGTON HILLS, Mich., Jan. 24 -- Chrysler Financial, a DaimlerChrysler Services business unit, announced today it has launched a refreshed version of its Web site, http://www.chryslerfina ... Continue reading