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Saturday November 7, 2009
Automotive Industry Today
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  • Buffett's Berkshire Profit Triples on Market Advance, Fewer Storm Claims 7 Nov 2009 01:16 GMT
    ... purchase of Chicago-based broker Koenig & Strey GMAC Real Estate in September. That same month, ... operations include manufacturing and leasing railroad tank cars and making wire and cable products. Profit ...

  • Frozen Food Machines/Vending Machines/Co 7 Nov 2009 00:52 GMT
    ... these coin operated frozen food wonders in car dealerships, schools, offices, factories, and hotels the year ... Yes! Why do you think that Ford, GMAC, Toyota, etc constantly have recalls? Because every new ...

  • Berkshire's third-quarter profit triples for Buffett 7 Nov 2009 05:37 GMT
    ... its pretax profit from insurance businesses including car insurer Geico. Buffett positioned Berkshire to weather the ... purchase of Chicago-based broker Koenig & Strey GMAC Real Estate in September. That same month, Buffett's company ...

  • Ford Says (Mostly) 'No' to Washington -- And Wins 6 Nov 2009 08:59 GMT
    ... continue to struggle. And without another bailout, GMAC is expected to go bankrupt. GMAC has already enjoyed ... call for import quotes on the Japanese cars and took on their competitors in raising ... an Explorer truck, and a Lincoln Town Car, and have enjoyed relatively maintenance free service ...

  • Slight shakeup in ACC bowl structure 6 Nov 2009 03:18 GMT
    ... 7. Emerald7. Independent 8. EagleBank8. EagleBank 9. GMAC By BRYAN STRICKLAND bstrickland@heraldsun.com; 419-6671 The Sun and Independence ... moving out and the Champs and Meinke Car Care bowls are moving up. The conference announced ...

  • Ron Paul: Prepare for the Worst 6 Nov 2009 23:31 GMT
    ... a sign that the recession is over?” GMAC, the lender which has already received two government bailouts, ... funding, the other finance companies, the other automobile manufacturers,” Egan said. ...

  • Baupost Annual Meeting ' Oct 29th, 2009 6 Nov 2009 19:21 GMT
    ... profits o Ford Motor, Chrysler Finance, and GMAC o First started buying at mid teen yields.. kept ... o They found that people pay their car loans. Loss rates remain low. Downside protection pretty ...

  • "Mission Accomplished" Do you remember that iconic banner? Yes, we had 3 6 Nov 2009 23:52 GMT
    ... get up to $4,500 for trading their car in before the deadline. This attracted a ... people who probably would have bought new cars anyway in the future (and now they ... We continue to make mistakes almost daily. GMAC should be allowed to fail. n We should ...

  • ACC adjusts future bowl lineups 6 Nov 2009 07:41 GMT
    ... to guarantee 8,000 tickets sold. The Meineke Car Care Bowl in Charlotte, N.C., is fifth, with ... in San Francisco falls to ninth. The GMAC Bowl, which is ninth in the order this ...

  • Virginia Tech football notebook: ACC adjusts future bowl lineups 6 Nov 2009 09:19 GMT
    ... to guarantee 8,000 tickets sold. The Meineke Car Care Bowl in Charlotte, N.C., is fifth, with ... in San Francisco falls to ninth. The GMAC Bowl, which is ninth in the order this ...

  • Buffett's Berkshire Profit Triples on Stock Rally 6 Nov 2009 23:58 GMT
    ... its pretax profit from insurance businesses including car insurer Geico. Buffett positioned Berkshire to weather the ... purchase of Chicago-based broker Koenig & Strey GMAC Real Estate in September. That same month, Buffett’s company ...

  • GMAC Financial Services Reports Preliminary Third Quarter 2009 Financial Results 4 Nov 2009 13:31 GMT
    ... this earnings release and related comments by GMAC Inc. ("GMAC") management, the use of the ... 1,697 2,352 Gain (loss) on mortgage and automotive loans, net 194 25 128 (1,674) Gain ...

  • Only about 7 percent of the Chinese consumers apply for loans from financial institutions to purchase cars, a figure far lower than the global average, according to Donghai Securities. 3 Nov 2009 01:52 GMT
    ... August 2004, the first auto financing company, GMAC-SAIC Automotive Finance Co Ltd, established by General Motors ... for purchasing GM vehicles. This year, Chery Automobile, China's fourth-largest carmaker, invested $72.7 million in ...

  • Government needs an exit strategy from GMAC bailout 1 Nov 2009 11:56 GMT
    ... banks. And it looks like Ally's parent, GMAC Financial Services, will ask for more money ... a reasonable assumption, says Rebecca Lindland, an automotive analyst at IHS Global Insight. "Financing is ... dealers, and require higher credit scores for car buyers. That would hurt GM's sales volume. ...

  • GMAC: ResCap problems will be resolved by year-end 4 Nov 2009 20:33 GMT
    ... GMAC will try to resolve the problems with ... from discontinued operations. The Detroit-based company’s global automotive finance division saw its net income increase ...


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