S&P Rates AmeriCredit Automobile Receivables Trust
Aug 24, 1998
Standard & Poor's today assigned its triple-'A' rating to AmeriCredit Automobile Receivables Trust's 1998-C's class A-2, A-3, and A-4 floating-rate asset-backed notes and its 'A- 1'-plus rating to the trust's Class A-1 asset-backed notes. ... Continue reading
E.R. Receivables and Greenwich Capital Markets Form Strategic Alliance
Aug 21, 1998
E.R. Receivables Corp., L.L.C., along with Greenwich Capital Markets, Inc., a Registered Broker Dealer, anticipate funding the initial purchase of bulk-flow packages of distressed consumer receivables pursuant to a receivables loan and security agreement ... Continue reading
Navidec Inc. and VSI Holdings Inc. Cancel Merger Discussions
Aug 21, 1998
Navidec, Inc. announced discussions relating to a potential merger with VSI Holdings, Inc. have been suspended. ... Continue reading
S&P Rates MMCA Auto Owner Trust
Aug 20, 1998
Standard & Poor's today assigned its ratings to MMCA Auto Owner Trust 1998-1's various classes of asset backed notes (see list below). ... Continue reading
GM Appoints State Street as Custodian for U.S. Public Assets
Aug 19, 1998
State Street Corporation has been selected by General Motors Investment Management Corporation to serve as master trustee for General Motors' Defined Benefits Trusts' domestic public assets, valued at $46.2 billion. ... Continue reading
Aug 18, 1998
Americredit Corp. announced that its Board of Directors has declared a 2-for-1 stock split in the form of a 100% stock dividend for shareholders of record at the close of business on September 11, 1998, payable on September 30, 1998. ... Continue reading
CCC Information Services Share Repurchase Plan
Aug 18, 1998
CCC Information Services Group Inc., the leading provider of solutions for the automotive claims industry, today announced that its Board of Directors has authorized the repurchase of up to 2,500,000 shares of its common stock. ... Continue reading
Union Acceptance Corporation to Restate Financial Results
Aug 17, 1998
Union Acceptance Corporation today announced it would be restating its financial statements for fiscal June 30, 1997, as well as the first three quarters of fiscal 1998. ... Continue reading
National Auto Finance Co. Posts Q2 Results
Aug 14, 1998
National Auto Finance Company, Inc. reported a loss of $4.3 million, or $0.48 per share, for the second quarter ended June 30, 1998, compared with restated net income of approximately $0.2 million, or $0.02 per share, for the year-earlier period. ... Continue reading
State Auto Financial Announces Dividend Increase
Aug 13, 1998
The board of directors of State Auto Financial Corp. voted to increase the quarterly cash dividend 11 percent to $0.025 per share, payable Sept. 30, 1998, to shareholders of record at the close of business on Sept. 11, 1998. ... Continue reading
AutoInfo, Inc. Announces Second Quarter 1998 Results
Aug 11, 1998
AutoInfo, Inc. announced results of its operations for the six months and quarter ended June 30, 1998. For the six months ended June 30, 1998, the Company reported revenues of approximately $6.3 million and a net loss of $ 4,837,000 or $ .61 per share. ... Continue reading
Adelvo Investments, Inc. Acquires Majority Interest in City Auto Resources, Inc.
Aug 10, 1998
City Auto Resources, Inc. announced that majority control was acquired by Adelvo Investments, Inc. Terms were not disclosed. City Auto Resources recently exited the auto finance business, which was its only business. ... Continue reading
Credit Acceptance Corporation Announces Court Ruling
Aug 7, 1998
Credit Acceptance Corp announced that the US District Court for a District of Missouri has granted partial summary judgment on liability in favor of certain class action plaintiffs based upon the Court's finding of violations of certain Missouri consumer protection laws. ... Continue reading
Westar Financial Reports First Quarter Lease Volumes Increase 66%
Aug 7, 1998
Westar Financial Services Incorporated, a prime-credit auto lessor, reported it funded $8.04 million of new leases for its first fiscal quarter of 1999 ended June 30, 1998, an increase of 66% over the $4.8 million leases funded in fiscal Q1 of 1998. ... Continue reading
AmeriCredit Corp. Announces Q4 and Fiscal 1998 Operating Results
Aug 5, 1998
AMERICREDIT CORP. announced record net income of $17,670,000, or $0.53 per share, for its fourth fiscal quarter ended June 30, 1998, versus earnings of $11,303,000, or $0.36 per share, for the quarter ended June 30, 1997. ... Continue reading
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