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Tuesday November 24, 2009
Automotive Industry Today
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  • DealerTrack, Findlay Automotive Group Join POADA 23 Nov 2009 15:55 GMT
    ... software and data solutions for the U.S. automotive retail industry, has joined the alliance as ... charter partners Manheim, Carfax, Kelley Blue Book, GMAC Financial Services, CDM Dealer Services, Net Profit ...

  • Fitch: Macroeconomic Concerns Cloud Recovery for U.S. Autos in 2010 23 Nov 2009 15:10 GMT
    ... The direct capital injections into Chrysler, GM, GMAC and Chrysler Financial, debt guarantees, support for bank holding ... accelerate the steady improvement in the used car market, facilitating residual values and easing loss ... of a changing consumer relationship with the automobile, attitudes that could be exacerbated by environmental ...

  • Fitch: Macroeconomic Concerns Cloud Recovery for U.S. Autos in 2010 (BIZ) 23 Nov 2009 15:14 GMT
    ... The direct capital injections into , GM, GMAC and Chrysler Financial, debt guarantees, support for bank holding ... accelerate the steady improvement in the used car market, facilitating residual values and easing loss ... of a changing consumer relationship with the automobile, attitudes that could be exacerbated by environmental ...

  • GM's Phony Bailout Repayment 23 Nov 2009 20:33 GMT
    ... two bailouts of G.M.’s former lending arm, GMAC, or the $3 billion spent on the ... to work, GM has to sell more cars or sell cars at a higher average ... move because the world is awash in automotive productive capacity. However, massive bailouts only distort ...

  • GMAC's new boss wants dealer input 23 Nov 2009 15:13 GMT
    ... Carpenter says he will seek input from car dealers in his new role as CEO ... . Carpenter wants to reassure dealers that GMAC is committed to the auto finance business ... His objective is to build a “world-class automotive platform” and to continue the “transition from ...

  • On the move -- Nov. 23, 2009 23 Nov 2009 14:34 GMT
    ... Jacobsen. The 11-member jury unanimously found that GMAC breached its contracts with the Mente dealerships ... for not timely repaying the company for cars sold through the dealership and financed through ...

  • Op-Ed Contributor: Taking Taxpayers for a Ride 23 Nov 2009 05:54 GMT
    ... two bailouts of G.M.'s former lending arm, GMAC, or the $3 billion spent on the “cash for ... sudden obsession with G.M.'s $40,000 Volt electric car just in time for an I.P.O., taxpayers ... of the Web site The Truth About Cars. A version of this article appeared in ...

  • Taking Taxpayers for a Ride 23 Nov 2009 21:35 GMT
    ... two bailouts of G.M.'s former lending arm, GMAC, or the $3 billion spent on the “cash for ... sudden obsession with G.M.'s $40,000 Volt electric car just in time for an I.P.O., taxpayers ... of the Web site The Truth About Cars. A version of this article appeared in ...

  • GMAC replaces top executive 18 Nov 2009 04:32 GMT
    ... Shepardson / Detroit News Washington Bureau -- GMAC Financial Services on Monday replaced chief executive ... was critical to the revival of the automobile industry." His mandate, the new CEO said, ... David Cole, chairman of the Center for Automotive Research in Ann Arbor, said it made ...

  • Chrysler dealers scrambling to get financing to keep new cars on lots 21 Nov 2009 05:36 GMT
    ... the screws to us," Wolcott said about GMAC Inc., which replaced Chrysler Financial as the preferred ... his dealerships would become, in essence, used car dealers, said Wolcott, who has been a Chrysler ...

  • Chrysler Group LLC Announces New 'Double CA$H For Your Old Car' Incentive Program 21 Nov 2009 07:11 GMT
    ... Announces New 'Double CA$H For Your Old Car' Incentive Program AUBURN HILLS, Mich., July 22 ... Consumers with an eligible trade-in under the CARS program can receive up to $9,000 towards ... 0 percent financing for 72 months through GMAC Financial Services on most 2009 model vehicles. These ...

  • GMAC Names Michael A. Carpenter Chief Executive Officer; Will Lead Next Phase Of Renewal 18 Nov 2009 18:17 GMT
    ... The Board of Directors of GMAC Financial Services (GMAC) today named Michael A. ... services institution, GMAC's diversified business operations include automotive finance, mortgage operations, insurance, commercial finance and ...

  • The Price Of A Bailout? Every GM Car Sold Will Cost Taxpayers $12,000 Through 2011 19 Nov 2009 14:57 GMT
    ... what the government bailout of the auto industry - including General Motors, Chrysler, and GMAC - actually means to American taxpayers, including how much each taxpayer has contributed to ...

  • More GMAC Insanity ' But What Do We Expect, It is now Being Run by the Government! 18 Nov 2009 17:17 GMT
    ... same thing, but it is now about cars and bailing out the unproductive and overpaid ... Secondly, our figure-head Board of Directors at GMAC (I use the term “ours” as the ...

  • Former Smith Barney head takes over GMAC's top spot 18 Nov 2009 06:33 GMT
    ... Former Smith Barney head takes over GMAC's top spot Michael A. Carpenter is the ... by the downturn in the mortgage and automotive industries. Earlier this month, it said it ...


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