DaimlerChrysler Offers Zero-Interest
Nov 20, 2001
DETROIT AP reported today that all three U.S. automakers have extended until early next year their no-interest finance offers. The Chrysler arm of DaimlerChrysler AG on Monday followed General Motors Corp. and Ford Motor Co. [NYSE:F - news] in extending its no-interest financing plan for the second time. The DaimlerChr ... Continue reading
GVW Acquires a Portion of TransCom
Nov 16, 2001
HIGHLAND PARK, Ill.--Nov. 15, 2001--In a move to further support the specialty commercial market, Grand Vehicle Works Holdings, LLC (GVW) has acquired a portion of the parts distribution business from Transportation Components, Inc. (TransCom). The new company formed as a result of this transaction is named UpTime Part ... Continue reading
Ford Extends Zero-Percent and Low-Interest Financing
Nov 15, 2001
DEARBORN, Mich., Nov. 14 -- Ford has extended zero- percent financing on 36-month contracts for most 2001 and 2002 Ford brand cars, trucks, SUVs and minivans through Jan. 14, 2002. Low-interest rates also are being offered on longer-term contracts. ``We are extending our program to keep our dealers competitive and sale ... Continue reading
Ford Motor Company Announces New Leadership
Nov 8, 2001
DEARBORN, Mich., Nov. 8 -- Ford Motor Company's Board of Directors today announced the appointment of three new group vice presidents and the election of several new corporate officers. All assignments are effective immediately. ``The Ford leadership team is intensely focused on moving the company forward,'' said Chair ... Continue reading
Toyota Motor Credit Corporation Reports Record Second Quarter Operating Net Income
Nov 2, 2001
TORRANCE, Calif., Nov. 1 -- Toyota Motor Credit Corporation (TMCC), which is marketed under the brands of Toyota Financial Services (TFS) and Lexus Financial Services (LFS), today announced fiscal second quarter operating net income of $73 million, an increase of $49 million (204%) over the comparable prior year period ... Continue reading
Westcorp Announces Cash Dividend
Nov 1, 2001
IRVINE, Calif.--Oct. 31, 2001--Westcorp , the diversified financial services company whose principal subsidiaries are WFS Financial Inc and Western Financial Bank, declared on Oct. 31, 2001, a cash dividend of $0.11 per share for shareholders of record as of Nov. 7, 2001 with a payable date of Nov. 27, 2001. ... Continue reading
Union Acceptance Corporation Announces Results for the Quarter Ended September 30, 2001
Nov 1, 2001
INDIANAPOLIS--Oct. 31, 2001--Union Acceptance Corporation ("UAC") today announced financial and operational results for the quarter ended September 30, 2001, including further revaluation of its retained interest asset. During the past two quarters, management's objective has been to reposition UAC with the goal of enh ... Continue reading
Mitsubishi Motors Enhances Incentive Program: Zero Down, Zero Interest, Zero Payments Until 2003
Oct 31, 2001
CYPRESS, Calif., Oct. 31 -- Mitsubishi Motor Sales of America, Inc. (MMSA) today improved its popular 0-0-0 financing program to include all 2001 and 2002 Mitsubishi makes and models, and extended the offer until November 30, 2001. ``We're now giving customers the opportunity to drive home in a brand new Mitsubishi wit ... Continue reading
Chrysler Group Extends Zero Percent Financing Incentive Program
Oct 29, 2001
AUBURN HILLS, Mich., Oct. 26 -- Chrysler Group announced today the extension of its popular zero percent APR financing incentive program on select 2002 models until November 19, 2001.``With the addition of zero percent APR financing, traffic as well as sales improved significantly and we look forward to continuing this ... Continue reading
TheStreet.Com Artcle: "Don't Be Fooled By Signs Seeming To Point Toward The Bottom Of The Valley
Oct 28, 2001
By Odette Galli Columnist. Now might seem like a great time to invest in auto stocks. After all, the best way to play the autos has always been to think like a contrarian. They're tremendous buys when auto sales are in the tank. ADVERTISEMENTTake Ford for example. Those who bought Ford at the trough of the last cycle i ... Continue reading
New Car Sales in US Through The Roof!
Oct 28, 2001
DETROIT Reuters reported that American consumers bought new cars and trucks at a blistering pace in October, lured into dealerships by interest-free loan deals launched to spur demand after the Sept. 11 attacks.They went on to report that Auto industry executives and analysts expect sales to decline steeply once the of ... Continue reading
Suzuki Expands 0% Finance To 2002 Models-What A Deal
Oct 26, 2001
BREA, Calif.--Oct. 26, 2001--American Suzuki Motor Corp. (ASMC), and American Suzuki Automotive Credit announced an expansion of their retail finance program to include its 2002 XL-7, Grand Vitara, Vitara and Esteem models. The program includes zero percent financing for 12 to 36 months, 1.9 percent financing for 37 to ... Continue reading
Chrysler Financing Cuts Off Major Automotive
Oct 25, 2001
LONG ISLAND CITY, N.Y.--Oct. 24, 2001-- The Major Automotive Companies, Inc. (f/k/a Fidelity Holdings, Inc.) announced today that Chrysler Financial Company, LLC ("CFC"), one of its primary floor plan credit sources for the financing of its vehicle inventory, has notified the Company that CFC has re-evaluated its credi ... Continue reading
Ford Credit Canada Limited and Ford Motor Company Bond Ratings
Oct 24, 2001
Press Release: Ford Credit Canada Limited and Ford Motor Company Date of Release: Oct 23, 2001 Confirms at R-1 (low) Kam Hon, David Schroeder / 416-593-5577 ext.2243, ext.2232 / e-mail: khon@dbrs.com Ford Motor Company Rating Trend Rating Action Debt Rated R-1 (low) Stable Confirmed Commercial Paper Ford Credit Canada ... Continue reading
Ford Motor Company and Ford Motor Credit Company Bond Ratings
Oct 24, 2001
Press Release: Ford Motor Company and Ford Motor Credit Company Date of Release: Oct 23, 2001 Downgrades to A (low) Kam Hon, David Schroeder / 416-593-5577 ext.2243, ext.2232 / e-mail: khon@dbrs.com Ford Motor Company Rating Trend Rating Action Debt Rated A (low) Stable Downgraded Long-Term Debt Ford Credit Canada Limi ... Continue reading
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