Delphi Names New Chief Accounting Officer and Controller
Jun 6, 2002
TROY, Mich., June 6 -- Delphi Corp. today named John D. Sheehan, CPA, 41, as Chief Accounting Officer and Controller, effective July 1, 2002. Sheehan replaces Paul R. Free, who, as previously announced, was appointed Executive Director of Business Lines, Delphi Delco Electronic Systems. Sheehan joins Delphi from KPMG L ... Continue reading
The Auto Channel National City Bank Coming Soon
Jun 4, 2002
We hope to soon be providing our viewers banking services through The Auto Channel National City Bank. More services and less cost to consumers than any other national bank stay tuned. ... Continue reading
Malaysia auto empire founder ousted in feud-reports
May 30, 2002
KUALA LUMPUR, May 30 Reuters reported the co-founder of the Tan Chong auto empire with interests across Asia has been ousted from the boards of the corporate dynasty's flagship Malaysian firms following a family feud, newspapers said on Thursday. Tan Kim Hor failed to win enough votes to stay on the boards of Tan Chong ... Continue reading
CBA Auto Finance Study Shows Shift From Leases to Loans
May 29, 2002
ARLINGTON, Va., May 29 -- The Consumer Bankers Association's 2002 Automobile Finance Study shows a shift from leasing to loans. While some measures show a decline in average vehicle prices, the average new loan size increased from $19,705 to $20,656, about a 5% jump. Loan maturities increased, and 82% of new vehicle lo ... Continue reading
May 28, 2002
FOR RELEASE: May 28, 2002 Consumer lender to offer credit card to Corvette car owners and enthusiasts as part of 50th anniversary celebration Prospect Heights, IL - Household International , the $112 billion (managed assets) consumer lender, today announced that its credit card services division will extend its relatio ... Continue reading
Battered Fiat wins support from banks-sources
May 28, 2002
TURIN, May 27 Reuters reported that struggling Italian carmaker Fiat has clinched an agreement with creditor banks for much-needed capital as it tries to tackle growing debts and rising losses, sources said on Monday. The sources said they "would not deny" a deal had been reached, adding it would not include any undert ... Continue reading
IntelliChoice Will Generate Leads For PeopleFirst Loans
May 22, 2002
SAN DIEGO, May 22 -- PeopleFirst.com announces a new strategic partnership with PRIMEDIA's IntelliChoice Inc., one of the most respected online and offline automotive information providers in the United States. PRIMEDIA's IntelliChoice will now offer PeopleFirst.com as a preferred vendor for readers seeking online vehi ... Continue reading
Ford Credit computers not hacked
May 20, 2002
May 20, 2002 The AP is reporting that un authorized inquiries made on at least 13,000 credit reports using Ford Motor Credit pass codes were not the work of hackers, says the company whose computers were broken into. "It was not a hacking incident. This was an incident where someone obtained Ford Credit's access codes, ... Continue reading
Mitsubishi Motors Credit of America Finances 1,000,000th Vehicle
May 15, 2002
CYPRESS, Calif., May 14 -- Mitsubishi Motors Credit of America, Inc. (MMCA) announced today that the company has financed its 1,000,000th vehicle in North America, 11 years after MMCA's first vehicle was financed in April 1991. The company's growth curve took a dramatic turn in 1998 as sales of Mitsubishi-brand vehicle ... Continue reading
Fitch Issues Presale Report On Honda Auto Receivables 2002-2 Owner Trust
May 14, 2002
NEW YORK--May 14, 2002--Fitch Ratings has issued a presale report on Honda Auto Receivables 2002-2 Owner Trust discussing the rating analysis behind Fitch's expected 'AAA' ratings on the class A notes. The securities are backed by a pool of prime retail installment sales contracts secured by new and used automobiles an ... Continue reading
AutoCorp Announces New Credit Union Strategy; $2 Million Credit Line
May 14, 2002
DALLAS, May 13 AutoCorp Financial Services, Inc. (AFS) a wholly owned subsidiary of AutoCorp Equities, Inc. (OTC Bulletin Board: ACOR - News) has appointed James W. Parmley as its new President and Board Director. Starting his career with GMAC, Mr. Parmley worked in various positions before becoming the owner and gener ... Continue reading
May 10, 2002
FOR RELEASE: May 9, 2002 Major Auto Finance Companies Make Major Move Joint Venture Signs LLC Agreement, Appoints CEO SOUTHFIELD, MI - DaimlerChrysler Services (DCS), Ford Motor Credit Company (FMCC), and General Motors Acceptance Corporation (GMAC) have officially formed a newly created Limited Liability Company (LLC) ... Continue reading
IntelliChoice Announces May GoldStar Lease Award Winners
May 10, 2002
CAMPBELL, Calif., May 9 Each month, carmakers entice consumers with attractive new car lease rates. And each month PRIMEDIA's IntelliChoice, a PRIMEDIA company that develops and distributes consumer automobile pricing, specifications, and ownership and leasing cost data, recognizes manufacturer leases with the lowest r ... Continue reading
United Capital Corp. Reports First Quarter 2002 Results
May 10, 2002
GREAT NECK, N.Y.--May 9, 2002--United Capital Corp. (ASE:AFP) today reported results for the first quarter of 2002 (see Table attached). Total revenues for the period were $14,614,000 versus $16,966,000 during the first quarter of 2001. Operating income during this period was $3,079,000 versus $4,272,000 for the compar ... Continue reading
S&P Global Credit Markets Digest-Asia-Pacific Update
May 9, 2002
NEW YORK--May 9, 2002--Here is the current lineup of top articles and research from Standard & Poor's Credit Information Services: COMING UP: -- The Implications of Basel II for North American Banks: Navigating the Roadblocks -- The Internet and the Brazilian Banking System: Moving Slowly Into the Future -- Pressures E ... Continue reading
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