MOTOR TREND Ranks the Top 50 Industry Players with 2005 Power List
Jan 7, 2005
LOS ANGELES--Jan. 7, 2005--MOTOR TREND magazine, the world's number one automotive authority and part of the PRIMEDIA Consumer Automotive Group, today announced its first annual Power List rankings. Recognizing the real power in the auto business isn't always under the hood, the editors at MOTOR TREND have selected the ... Continue reading
Hennessey Capital Solutions to Help Auto Suppliers Caught in a Cash Crunch
Dec 23, 2004
GE Commercial Finance Will Fund HCS Pay System to Accelerate Receivable Payments HUNTINGTON WOODS, Mich., Dec. 22 -- Hennessey Capital Solutions (HCS) and GE Commercial Finance have inked a deal that could make available hundreds of millions of dollars of short-term credit to automotive suppliers. Automotive suppliers ... Continue reading
Northeast Auto Acceptance Corp's. Third Quarter Revenue Surge
Dec 20, 2004
MERRICK, N.Y.--Dec. 20, 2004--Northeast Auto Acceptance Corp. (OTC: NAAC) announced today that the company's third quarter 2004 revenue rose sharply to $13,720,450, a 74% increase over the $7,896,416 the company reported in the third quarter of 2003. For the nine-month period ended September 30, 2004, the company poste ... Continue reading
Chrysler Group Names New Executive
Dec 17, 2004
Ronald E. Kolka to Vice President - Corporate Financial Control AUBURN HILLS, Mich., Dec. 17 -- The DaimlerChrysler Board of Management today announced the appointment of Ronald E. Kolka as Vice President at the Chrysler Group. Ronald E. Kolka, formerly Director - U.S. Sales and Marketing Financial Control, has been ap ... Continue reading
Auto Dealership Will Focus on Import Vehicles With No Credit Check Financing - At Average 29.9%
Dec 15, 2004
SCOTTSDALE, Ariz., Dec. 15 -- NowAuto, Inc. has reopened the Scottsdale, Arizona lot after a 3-month makeover. The new dealership has been remodeled, painted, and lights installed so the dealership can stay open longer. The Scottsdale dealership will focus on imported vehicles including Honda, Nissan, Acura, and Toyota ... Continue reading
DaimlerChrysler Announces Retirement of American Car Guy Steven A. Torok
Dec 10, 2004
AUBURN HILLS, Mich., Dec. 10 -- DaimlerChrysler Corp. today announced the retirement of Steven A. Torok, Senior Vice President - Strategic Assessment. Torok, who was named to the position in June, has held a number of key positions during his 30 years with the company, among them, Chrysler Group Vice President - Busine ... Continue reading
E-LOAN and Edmunds.com Announce Partnership
Dec 7, 2004
E-LOAN Partners With the Premier Online Automotive Information Resource for Consumers; Edmunds.com Named the 'Most Useful Web Site' According to Every J.D. Power and Associates New Autoshopper.com Study(SM) PLEASANTON, Calif., Dec. 7 -- E-LOAN(R) , an online consumer direct lender, today announced that it has been name ... Continue reading
Autobytel's Car.com Triples Number of Finance Leads Customers for Dealers
Nov 22, 2004
Dealers Benefit from Direct Channel of 'Ready to Buy' Customers Who May Have Experienced Difficulty Securing Loans IRVINE, Calif., Nov. 21 -- Car.com, Inc., a subsidiary of Autobytel Inc. , reports that it tripled the number of Finance Leads customers channeled to its nationwide network of dealers in the first nine mon ... Continue reading
Chrysler Financial Reaches One Million Contract Mark in 2004
Nov 10, 2004
* Customer Drives Away in a New 2005 Dodge Magnum * Customer Released From Payment Obligation BALTIMORE, Nov. 10 -- Chrysler Financial, a DaimlerChrysler Services business unit, celebrates one million contracts booked in one year. In commemoration of the occasion, Chrysler Financial released the one millionth customer ... Continue reading
GM Offers to Lock Finance Rates on Next Two Car Buys for People Who Buy 2005 Models
Nov 10, 2004
DETROIT November 10, 2004; The AP reported that General Motors Corp. said Tuesday that people who buy 2005-model vehicles with loans from the automaker's financing arm through Nov. 30 will also be able to lock in the interest rate on their next vehicle. General Motors Acceptance Corp.'s "Lock `n' Roll" loan program wil ... Continue reading
Nov 5, 2004
ISLANDIA, N.Y., Nov. 5 -- More than half of Americans (56%) say their monthly lease and car payments are enough of a burden to prevent them from making other big ticket purchases, according to the Cambridge Consumer Credit Index. 17% of those with car loan payments say these loans are a major burden, up from 11% who fe ... Continue reading
Toyota, Honda and Nissan are grabbing global market share
Nov 4, 2004
Tokyo November 4, 2004; Alan Ohnsman writing for Bloomberg Asia reported that Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., Japan's three biggest auto companies, also are making money on selling cars. General Motors Corp. and Ford Motor Co., the world's largest and third-largest auto producers, are relying ... Continue reading
Dongfeng Peugeot Completes China Car Financing Deal
Nov 1, 2004
Beijing, Nov. 1, 2004; (Xinhuanet) Dongfeng Peugeot, a unit of the joint venture between French PSA Peugeot Citroen and China's Dongfeng Motor Corp, on Saturday clinched a car financing deal with three Chinese commercial banks. According to the deal, Bank of China, Citic Industrial Bank and China Merchants Bank will pr ... Continue reading
KTM and GE's Retail Sales Finance Unit Sign Exclusive Agreement
Oct 25, 2004
ST. PAUL, Minn.--Oct. 24, 2004--The Retail Sales Finance unit of GE Consumer Finance and KTM North America today announced an exclusive multi-year renewal agreement to provide KTM Motorcycle enthusiasts in North America with financing through closed-end loans and a branded credit program. The KTM CARD Program, as well ... Continue reading
FORD MOTOR CREDIT EARNS $734 MILLION IN THE THIRD QUARTER
Oct 19, 2004
DEARBORN, Mich., Oct. 19 -- Ford Motor Credit Company reported net income of $734 million in the third quarter of 2004, up $230 million from $504 million a year earlier. On a pre-tax basis from continuing operations, Ford Motor Credit earned $1.2 billion in the third quarter, compared with $808 million in the previous ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
