Mar 1, 2002
FOR RELEASE: March 1, 2002 HORSHAM, Pa. - is giving away a race fan's dream as the national remote bank is teaming up with Hendrick Motor Sports and its NASCAR® race team to offer a March 2002 promotional sweepstakes entitled "Rev Up Your Banking...Win the Ultimate Racing Experience." Sweepstakes entrants can win an a ... Continue reading
Mar 1, 2002
FOR RELEASE: March 1, 2002 Detroit- General Motors Corp. today announced that it will remain in Overdrive with a new retail marketing program. GM will offer $2,002 customer cash or APR financing rates of 0.0/2.9/3.9% (36/48/60 months) for qualified buyers on the purchase of most new 2002 model Chevrolet, Pontiac, GMC, ... Continue reading
The Major Automotive Companies Announces Credit Commitment with GMAC; Two Dealerships to Be Sold
Feb 28, 2002
LONG ISLAND CITY, N.Y.--Feb. 28, 2002--The Major Automotive Companies, Inc. announced today that it has signed a commitment letter with General Motors Acceptance Corporation ("GMAC") for GMAC to provide the floor plan credit for the financing of the Company's Chevrolet dealership's new and used vehicle inventory. This ... Continue reading
Feb 20, 2002
STUTTGART, Germany and AUBURN HILLS, Mich., Feb. 20 /PRNewswire-FirstCall/ -- DaimlerChrysler today published its consolidated financial statements and its divisional results for the year 2001. At the presentation of the Annual Report 2001, DaimlerChrysler stated that despite difficult market conditions it had been abl ... Continue reading
GMAC Says: NO Interest in Tyco Capital
Feb 11, 2002
NEW YORK, Feb 10 (Reuters) - General Motors Acceptance Corp. said on Sunday it was not considering making an offer for Tyco International Ltd.'s financing arm. ``The chairman, John Finnegan, told me last week when I asked him, 'Definitely no interest in Tyco,''' said Jim Farmer, vice president for GMAC communications. ... Continue reading
WFS Financial Announces the Appointment of a New President
Feb 11, 2002
IRVINE, Calif.--Feb. 8, 2002--WFS Financial Inc announced today that Tom Wolfe, its president, will assume the added duties and titles of chief executive officer and president of Westcorp, the company's ultimate parent, effective immediately. Tom Wolfe has been with WFS Financial since April 1998 and has served as its ... Continue reading
Honda recalling 4,635 Mobilio minivans
Feb 11, 2002
TOKYO — Honda Motor Co said Friday it is recalling 4,635 units of its Mobilio minivan for free repairs to its seatbelt system. According to a report submitted by the automaker to the Ministry of Land, Infrastructure and Transport, the seat-belt fitting of the right-hand seat on the second row of seats was not wel ... Continue reading
Rockwell Automation Approves Name Change at Annual Shareowners Meeting
Feb 7, 2002
MILWAUKEE--Feb. 6, 2002--Rockwell Automation Chairman and CEO Don H. Davis reviewed the company's first quarter results and highlighted its Global Manufacturing Solutions business in remarks made today at the company's annual shareowners meeting. Shareowners elected Kenneth F. Yontz to the board of directors, re-electe ... Continue reading
HAFCsuperhwy.com Previews At 2002 At NADA
Jan 25, 2002
Enhanced Multi-Lender Financing Tool is Free to Franchised Dealers and Lenders SAN DIEGO, Jan. 25 Household International , the 124-year old consumer lender, announced today that its auto finance business will launch an enhanced HAFCsuperhwy.com(SM) 2002 with access to more credit sources and other new benefits for dea ... Continue reading
Asset-backeds - Investors snap up subprime deals
Jan 25, 2002
NEW YORK, Jan 24 Reuters reported that investors snapped up on Thursday $1 billion U.S. asset-backed securities, supported by subprime consumer loans, indicating the enormous appetite for bonds that offer higher yields than Treasuries. ``There's a lot of cash, and people like safety. And this is AAA-rated stuff,'' said ... Continue reading
Jan 25, 2002
IRVINE, Calif., Jan. 24 Autobytel Inc. today announced fourth quarter and year-end 2001 financial results. Highlights Include: * Reports Pro Forma EBITDA of $0.01 per share * Provides Full Year 2002 EBITDA Guidance of $0.07-$0.09 per share * Closes the Year with Domestic Cash Balance of $33 Million * 2002 Focus on Core ... Continue reading
GMAC Insurance Makes Key Mexico Auto Insurance Acquisition
Jan 22, 2002
Southfield, MI - GMAC Insurance Holdings, Inc. today announced the completion of the acquisition of ABA Seguros, S.A. - one of Mexico's largest property/casualty and auto insurers - from Abaco Grupo Financiero, S.A. de C.V. "The acquisition positions GMAC Insurance in the Mexican marketplace and represents a significan ... Continue reading
S&P Asgns Rtgs to Ford Credit Auto Owner Trust 2002-A
Jan 18, 2002
NEW YORK--Jan. 17, 2002--(Standard & Poor's)--Standard & Poor's assigned its ratings to Ford Credit Auto Owner Trust 2002-A's $5,901,482,000 asset-backed notes and certificates series 2002-A (see list). The ratings reflect credit support from the subordination of 6.75% for class A, 3.86% for class B, and 1.93% for clas ... Continue reading
Jan 17, 2002
DEARBORN, Mich., Jan. 17 -- Ford Motor Credit Company reported earnings of $839 million in 2001. This result included unusual charges (included in Ford Motor Company's previously announced Revitalization Plan), as well as the ongoing impact of SFAS 133 (Accounting for Derivative Instruments and Hedging Activities). The ... Continue reading
GM Earns $1.5 Billion In 2001- See Complete Report Here
Jan 16, 2002
GM Earns $1.5 Billion, or $3.23 Per Share in Calendar-Year 2001 DETROIT, Jan. 16 /CNW/ -- Market-share gains spurred by strong new product entries coupled with an intense focus on reducing costs partially offset relentless price pressures as General Motors Corp. earned $1.5 billion, or $3.23 diluted earnings per share, ... Continue reading
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