Westar Financial Provides Chapter 11 Update; Court Approves Funds to Sue Bank One
Jan 14, 2002
TUMWATER, Wash.--Jan. 14, 2001--Westar Financial Services Incorporated (OTC:WEST) filed for reorganization protection under Chapter 11 of the Bankruptcy Code with the United States Bankruptcy Court for the Western district of Washington at Tacoma on December 20, 2001. The Bankruptcy Court has approved Westar's use of f ... Continue reading
Warrantech Launches New Automotive Program
Jan 2, 2002
Automotive Division Signs First Master General Agent to Market Reinsurance Program EULESS, Texas--Jan. 2, 2002--Warrantech Corporation , a leader and innovator in providing service contracts and aftermarket warranties, today announced that an agreement has been reached with Automotive Investment Group, a leading genera ... Continue reading
Credit Acceptance Corporation Appoints Brett Roberts Chief Executive Officer
Jan 1, 2002
SOUTHFIELD, Mich.--Dec. 31, 2001--Credit Acceptance Corporation announced today that, effective January 1, 2002, Brett Roberts will succeed Don Foss as Chief Executive Officer of the company. Don Foss will remain Chairman and maintain an active role at the company with a focus on dealer relations. Roberts, age 35, join ... Continue reading
Toyota: Low Yen A mixed Blessing
Dec 26, 2001
TOKYO, Dec 25 Reuters reported that Toyota Motor Corp President Fujio Cho said on Tuesday that the yen's current malaise was likely to continue for several months, but was not necessarily good for the giant exporter's business. The Japanese currency marked Christmas by falling to new three-year lows at 130.95 per dolla ... Continue reading
AutoNation Exits Auto Loan Business - Will Stick To Its Knitting
Dec 24, 2001
* No Impact On Core Auto Retail Business; * On Track To Exceed Analysts' Consensus Estimate for 4th Quarter Earnings, Excluding Charges FORT LAUDERDALE, Fla., Dec. 21 -- AutoNation , America's largest retailer of new and used vehicles, announced today it will no longer underwrite auto loans. AutoNation will continue to ... Continue reading
Westar Financial Files for Reorganization Under Chapter 11
Dec 24, 2001
TUMWATER, Wash.--Dec. 22, 2001--Westar Financial Services Incorporated (OTC: WEST) today reported that it has filed for reorganization protection under Chapter 11 of the Bankruptcy Code. Until November 7th of this year, Westar was a leading originator of prime credit auto leases. It reported revenues in its second fisc ... Continue reading
The Major Automotive Companies Announces Extension of Credit Arrangement
Dec 20, 2001
LONG ISLAND CITY, N.Y.--Dec. 20, 2001--The Major Automotive Companies, Inc. (f/k/a Fidelity Holdings, Inc.) announced today that DaimlerChrysler Services North America LLC (successor by merger to Chrysler Financial Company, LLC), one of its primary floor plan credit sources for the financing of its vehicle inventory, h ... Continue reading
National Internet Remarketing Program for Volvo Launched
Dec 20, 2001
SCOTTSDALE, Ariz.--Dec. 20, 2001--AutoTradeCenter Thursday announced the successful launch of its Web-enhanced vehicle-remarketing program, Volvo Finance Remarketing Internet Database Explorer (VolvoRIDE), for Volvo Finance North America Inc. VolvoRIDE is designed to assist in the disposition of over 30,000 annual matu ... Continue reading
Onkyo America Files for Bankruptcy
Dec 20, 2001
PALM BEACH GARDENS, Fla.--Dec. 20, 2001--Global Technovations, Inc. (AMEX:GTN - news) or (``GTI'', or the ``Company'') announced today that its wholly-owned subsidiary, Onkyo America, Inc. (``OAI''), operating in Columbus, Indiana and Troy, Michigan filed a liquidating Chapter 11, providing for the liquidation of all a ... Continue reading
Reynolds and Reynolds Announces Integration of CreditMaster and CreditConnection Services
Dec 17, 2001
DAYTON, Ohio--Dec. 14, 2001--The Reynolds and Reynolds Company Result is More Customer-Friendly Financing Process In a move that will speed the automotive financing process and boost finance and insurance profits for automotive retailers, The Reynolds and Reynolds Company today announced the integration of its CreditMa ... Continue reading
Toyota Opens New Financial Services Center in Chandler, Arizona
Dec 11, 2001
CHANDER, Ariz., Dec. 10 -- Toyota Financial Services (TFS) and Lexus Financial Services (LFS) announced today the grand opening of their new Customer Service Center in Chandler, Arizona. The center occupies approximately 100,000 square feet of leased space within the San Tan Building, and provides service for Western r ... Continue reading
Ford Credit Brings Holiday Cheer to More Than 580 Foster Children in 'Operation Good Cheer'
Dec 10, 2001
DEARBORN, Mich., Dec. 7 -- The lobby of Ford Credit literally is brimming with a mountain of holiday gifts today as Ford Credit employees ring in the 2001 holiday season by providing more than 1,700 festively wrapped gifts for foster children. Since 1984, Ford Credit has taken part in Operation Good Cheer, a program sp ... Continue reading
Firstar, U.S. Bank Sign Preferred Lender Agreement With Jayco RV
Nov 27, 2001
CINCINNATI & LOUISVILLE, Ky.--Nov. 27, 2001-- Firstar, through its Recreation Finance Division, has signed an agreement with Jayco, Inc., one of the nation's leading manufacturers of recreational vehicles (RVs), to be Jayco's preferred lender and provide a wide variety of financing plans to consumers through Jayco deal ... Continue reading
Toyota Financial Services Forms Company in Venezuela
Nov 23, 2001
CARACAS, Venezuela and TORRANCE, Calif., Nov. 21 -- Toyota Financial Services (TFS) announced incorporation of Toyota Services de Venezuela, C.A., which has been established to provide financial services to support Toyota vehicle sales in Venezuela. The new company will be based in Caracas and is a subsidiary of Toyota ... Continue reading
FORD CREDIT TOPS SATISFACTION STUDY, SEES GROWTH IN VEHICLE FINANCING (DUH)
Nov 20, 2001
TORONTO, November 19, 2001 – With today’s low interest rates, an increasing number of Canadians are choosing to buy their next vehicle, rather than lease, said the president of Ford Credit Canada. “Vehicle purchase financing is growing and Ford Credit is the industry leader when it comes to customer s ... Continue reading
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