Car loans for business - News
Cerberus Said to Study Chrysler Financial as Stand-Alone Lender
MiamiHerald.comChrysler Financial, which has almost $50 billion in its portfolio and 3400 employees, lost the new-loans business at Chrysler because it couldn't raise capital at affordable rates for new loans. It stopped writing car leases in August as credit markets GM Finance Arm to Get a Fresh Bailout Why does GMAC need more money? US pours further $7.5B into auto lender GMAC
|
|
Russia may expand affordable car loans scheme - Forbes Russia may expand affordable car loans schemeA lack of confidence in the economy's future and the soaring cost of car loans has urged many consumers to hold off on buying a vehicle, cutting sales figures in half this year and forcing manufacturers to turn to the government for help. |
Opel Bids Prompt German Concern of Aid Sinking in 'Black Hole'
Reuters“We still cannot be sure whether Magna, or Fiat, or Ripplewood will ensure that bridge loans won't disappear into a black hole; that any further guarantees will be effective; and that they're really offering something more than high-minded romantic Video: Bids To Save GM's European Unit Due Today - FACTBOX-Key facts about Italy's Fiat At least 3 bidders emerge for GM's Opel unit -
|
GM Canada Notifies About 300 Dealers of Shutdown Plan
Boston GlobeGM and Chrysler have received $19.4 billion in emergency loans from the US government to stave off collapse. GM must come up with a cost-reduction plan by June 1, Canada's Industry Minister Tony Clement told reporters following a speech in Washington Video: Chrysler bankruptcy good for business Bailouts, Abusive Bankruptcies, And the Rule of Law Dealerships survive cuts -
|
|
Car dealers applaud SBA loan change - Bizjournals.com Car dealers applaud SBA loan changeAutomobile dealers and SBA lenders praised the Small Business Administration's decision to make more businesses eligible for its government-guaranteed loans. The SBA announced it will temporarily adopt an alternate size standard for its 7(a) loans that |
