Will 2009 Be The New 2008?
Tucked neatly into a Wall Street Journal article about the approval of $25 billion in low-interest loans for auto manufacturers...
Auto Loan Delinquency Rates Hit All-Time High
Yesterday, the proposed $700 billion federal bailout of the banking industry went down in (possibly temporary) flames. Tomorrow, car manufacturers...
Bailout Revival Lifts Stocks
Investors remained optimistic this morning that a new bailout package will be presented -- and passed -- by as early...
DOW DROPS OVER 700 POINTS AFTER CONGRESS FAILS TO PASS BAILOUT BILL
President Bush's plea this morning to urge Congress to pass the $700 billion bailout was not enough to win over...
Chrysler Dealers Bank On Used-Car Sales, Leasing Providers
Chrysler LLC’s product slowdown coupled with its financial arm’s leasing exit is crippling dealers’ sales. Chrysler reported that its August...
Ted Brown Leaves Citizens
Ted Brown left Citizens Bank on Aug. 29 for consultancy Praxis Advisors LLC, based in Altanta. Praxis is a new...
Trio of Senior Execs Leave Wells Fargo
Wells Fargo Auto Finance has lost at least three senior executives lately. Ankush "Andy" Chawla, the company’s chief credit officer;...
Global Finance: Everything Old Is New Again
Unlike the auto markets of Europe and North America, weighed down as they are by sluggish sales, stagnation, overcapacity and...
