J.D. Power and Associates Reports: Auto Finance Satisfaction Increases 2 Percent
Oct 1, 2002
Business Editors & Automotive Writers NOTE TO MEDIA: Multimedia assets available WESTLAKE VILLAGE, Calif.--Sept. 30, 2002-- Ford Credit Ranks Highest in Initial Lease Satisfaction; USAA and Infiniti Financial Rank Highest in Initial Loan Satisfaction Consumer satisfaction with initial automotive financing increased 2 p ... Continue reading
RouteOne (Auto Credit Cartel) Forms Partnership With Technology Firms
Sep 30, 2002
SOUTHFIELD, Mich., Sept. 30 -- RouteOne LLC, the joint venture established by DaimlerChrysler Services, Ford Motor Credit Company, GMAC and Toyota Financial Services, to develop an online credit application management system, has formed partnerships with three leading technology firms. According to Joel Gruber, chief i ... Continue reading
Private body set up to foster e-business professionals
Sep 23, 2002
September 21, 2002 TOKYO — Japan Today reported that Iwao Nakatani, president of Tama University, and more than 20 information technology-related companies have jointly founded an organization to produce professionals well versed in electronic business, founders said Friday. Nakatani heads the eBusiness Producer ... Continue reading
New GM Incentive 0% for up to 60 Months
Sep 19, 2002
FOR RELEASE: September 19, 2002 Sept. 19, 2002 DETROIT- General Motors Corp. today announced an enhancement of its retail marketing program on 2002 model year vehicles. Effective September 19 and continuing through September 30, GM will offer APR financing rates of 0.0% on terms up to 60 months for qualified buyers on ... Continue reading
Zero Percent Financing - Something For Nothing?
Sep 19, 2002
By EILEEN ALT POWELL AP Business Writer NEW YORK September 19,2002 This feature report by Eileen Alt Powell writing for the AP discusses the reality of Special auto manufacturer incentives. "Zero percent financing is back at the nation's Ford and GM dealers. It has proved to be such an effective marketing technique tha ... Continue reading
Auto One Teams With DealerTrack
Sep 17, 2002
MELVILLE, N.Y.--Sept. 17, 2002--DealerTrack.com, Inc. announced today that Auto One Acceptance Corporation has connected to DealerTrack's Internet-based auto financing system. The DealerTrack(TM) finance solution enables Auto One's dealerships to manage the entire auto finance process more efficiently and complete fina ... Continue reading
GM's Lutz Defends Cheap Financing Offers
Sep 17, 2002
FRANKFURT -September 17, 2002 Dow Jones is reporting that Robert Lutz, vice chairman and head of product development at General Motors Corp., says the car maker can continue to offer 0%-interest financing without threatening earnings, according to an advance copy of German newspaper Sueddeutsche Zeitung. Lutz defends s ... Continue reading
Ford Credit To Again Make Annual Payment To Mother Company
Sep 12, 2002
DEARBORN, Mich. September 12, 2002, The AP reported today that Ford Credit's financial position has stabilized after it posted its first quarterly loss last year, Ford Motor Co. said. Ford Credit is expected to make a dividend payment to the Dearborn-based automaker this year after not making a payment last year, the D ... Continue reading
Ford Incentives and Financing Deals
Sep 9, 2002
DEARBORN, Mich., Sept. 6, 2002 - Ford is enhancing its new vehicle incentives by offering 0.0% financing and cash rebates up to $2,000 on many of its 2003 Ford brand cars, trucks and SUVs. Ford reduced financing rates, now including 0.0% on 36-month contracts, on 2003 Ford Crown Victoria, Windstar, Taurus, Mustang, F-1 ... Continue reading
GM in Overdrive With Special Financing
Sep 5, 2002
FOR RELEASE: September 4, 2002 GM Stays In "Overdrive" With New Marketing Program Featuring 0.0% on all 2003 modelsDETROIT - General Motors Corp. today announced the newest version of its retail marketing programs utilizing the "Overdrive" theme. Effective today, GM will offer APR financing rates of 0.0/2.9/3.9% (36/48 ... Continue reading
Fitch Rates Ford Credit Auto Owner Trust 2002-D 'F1+/AAA'
Aug 29, 2002
NEW YORK--Aug. 29, 2002--Fitch Ratings has assigned ratings to the receivables-backed notes issued by Ford Credit Auto Owner Trust 2002-D as listed below: --$602,000,000 class A-1 1.79% asset-backed notes 'F1+'; --$200,000,000 class A-2a 2.10% asset-backed notes 'AAA'; --$1,116,000,000 class A-2b floating-rate asset-ba ... Continue reading
China's First Automotive, Ag Bank of China In Financing Pact -To Help China's Consumers To Own Cars
Aug 26, 2002
Monday August 26, BEIJING - Dow Jones reported that Agricultural Bank of China has signed an automobile financing agreement with the marketing unit of China's First Auto Works Group, state media reported Monday. Under the agreement, Agricultural Bank of China will provide auto financing services for purchasers of First ... Continue reading
Ford Credit Error Costs Ford Stockholders up to $87,000,000
Aug 12, 2002
DETROIT, Aug 12 Reutersis reporting that Ford Motor Co.had settled a class-action lawsuit over vehicle leasing for as much as $87 million, depending on claims from 1.8 million customers nationwide. The company said in a quarterly filing with the U.S. Securities and Exchange Commission that it had settled a class-action ... Continue reading
DaimlerChrysler's 'Technology Tool Box' Brings Innovation
Aug 9, 2002
By 2005, Factories will be Planned, Built, Launched and Operated using Full Simulation eEngineering Portal, Driving Collaboration and Global Processes DealerCONNECT Provides Single Point of Entry for Dealer Transactions -- An Industry First TRAVERSE CITY, Mich., Aug. 8 -- Sue Unger, Senior Vice President and Chief Info ... Continue reading
AutoTradeCenter Extends Remarketing Contract With Volvo Finance North America Inc.
Aug 8, 2002
MESA, Ariz.--Aug. 8, 2002--AutoTradeCenter (OTCBB:AUTC) today announced that it has signed a one-year extension of its contractual remarketing agreement with Volvo Finance North America Inc. (Volvo Finance). The Web-enhanced remarketing program, VolvoRIDE, was launched nationally in December 2001 for the disposition of ... Continue reading
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