4 Jan 2009 at 5:56pm General Motors ( GM ) closed out its centennial year having to ask the U.S. taxpayers for loans to survive. Chrysler closed out its first full year owned by a private equity firm by hiring bankruptcy lawyers. And Toyota's ( TM ) miserable U.S ...
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1 Jan 2009 at 5:59pm AUBURN HILLS, Mich. (AP) - Chrysler LLC 's chief says the automaker has received an initial $4 billion loan from the U.S. Treasury Department . Chief Executive Bob Nardelli said Friday night in a release that the Auburn Hills , Mich. -based company's ...
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31 Dec 2008 at 12:31pm General Motors Corp. and its dealers rushed to roll out new financing offers Tuesday after the Treasury Department pumped $6 billion into GMAC LLC, the lending giant partly owned by GM. Your credit score, also often referred to as a FICO score, is a ...
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31 Dec 2008 at 4:39am GMAC said yesterday that it would use a $5 billion infusion of federal funds to resume lending to a segment of less-creditworthy car buyers shut out during this fall's credit squeeze - the most explicit promise so far by a major recipient of funds ...
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30 Dec 2008 at 4:14pm With the Treasury Department's $6 billion gift to General Motor's (NYSE: GM ) financing arm GMAC, the company will live to fight another day. So what are they going to do? In a statement, the company announced that it would lower the minimum credit ...
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30 Dec 2008 at 3:53pm Tony Dejak/Associated Press Pat O'Brien, who owns a Chevrolet dealership in Willoughby Hills, talks about GMAC financing Tuesday. The struggling financing arm of General Motors Corp., rescued by $5 billion in federal aid on Monday, plans to use some ...
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27 Dec 2008 at 5:58pm New-auto sales have fallen hard this year, dropping an unprecedented 37 percent in the 12 months through November. If credit unions hadn't stepped into the financing gap left after other lenders backed away, the decline probably would have been much ...
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