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Ally Financial Repays $2.9 Billion of Debt Issued under TLGP
Company expects full repayment in December 2012 DETROIT — Ally Financial Inc. (Ally) today announced it has repaid $2.9 billion in debt issued under the FDIC’s Temporary Liquidity Guarantee Program (TLGP). The company issued this debt on
Nov 1, 2012
Dataium ASI Shows Chevy Silverado Tops Holiday Shopping List
ASI echoes housing sector with slow, but positive growth Nashville, TN — 10/31/2012 — Dataium, the largest aggregator of online automotive shopper behavior, today released its monthly ASI report. The ASI (Automotive Shopper Intensity) index, a le
Nov 1, 2012
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Finance & Insurance News
TransUnion Study on Credit Monitoring Reveals Consumers Taking an Active Role
Consumers Who Actively Monitor Their Own Credit Open Far More New Auto Loans and Credit Cards Than Those Who Do Not CHICAGO, IL — A new TransUnion study has found that people who monitor their own credit files open significantly more new auto
Nov 1, 2012
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Finance & Insurance News
GM Financial Reports September Quarter Operating Results
FORT WORTH, Texas — GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $124 million for the quarter ended September 30, 2012, compared to $109 million for the quarter ended September 30, 201
Nov 1, 2012
Infiniti and Nissan North America Offers Special Pricing and Financing to Hurricane Sandy Victims
FRANKLIN, Tenn. – In the aftermath of Hurricane Sandy, Infiniti announced it will offer employee pricing and special financing with deferred payments to people in the designated FEMA disaster area who have an insurance claim on their current vehicl
Nov 1, 2012
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Finance & Insurance News
Santander Holdings USA, Inc. Announces Final Tender Results
BOSTON — Santander Holdings USA, Inc. (“SHUSA”), a wholly owned indirect subsidiary of Banco Santander, S.A., today announced that the previously announced cash tender offer for its outstanding Sovereign Capital Trust VI 7.908% Cap
Nov 1, 2012
BMW Recalls 45,000 Vehicles
According to the National Highway Traffic Administration’s website, BMW is recalling certain model year 2005-2008 7-Series vehicles, equipped with the Comfort Access option, and manufactured August 23, 2004, through July 24, 2008. The affected
Oct 26, 2012
Record Number of Top Automotive Manufacturers to Exhibit at the 2013 International CES
Detroit, MI. – The Consumer Electronics Association (CEA)® today announced a record number of automotive manufacturers will exhibit at the upcoming 2013 International CES®. Seven of the top 10 manufacturers will showcase their latest technologi
Oct 26, 2012
New York Appeals Court Denies Summary Judgment to Auto Insurance Company
Opens Door to ‘Deceptive Acts and Practices Claims’ in Business-to-Business Disputes New York, NY – North State Autobahn, Inc., a Westchester-based auto body shop, has won an important victory in the New York Appellate Division, Second D
Oct 26, 2012