Category: High Finance

By on August 15, 2014

Ally Financial

Former General Motors lending subsidiary Ally Financial is one step closer from leaving government oversight, thanks to the United States Treasury cutting its stake in the company.

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By on August 13, 2014

First_Saab_9-3_pre-production_vehicle

Saab’s newest parent company may soon be declared bankrupt by a Swedish court, once again bringing the make toward the grave.

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By on August 12, 2014

VW XL1s

Volkswagen AG execs will have to go back to the drawing board to determine where to cut costs after its works council demanded outside consultants be shown the door.

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By on August 9, 2014

partner-with-us

Following GM Financial’s subpoena from the Department of Justice, Santander Consumer said that it had received a subpoena as well related to

“production of documents and communications that, among other things relate to the underwriting and securitization of nonprime auto loans since 2007,”

 

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By on August 7, 2014

GM RenCen Blue Night

Last Friday was the first day claims linked to accidents and fatalities related to the ignition switch that kicked-off the 2014 General Motors recall parade could be submitted to the compensation fund set up by GM and Kenneth Feinberg. Thus far, 93 such claims have been submitted.

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By on August 7, 2014

Mercedes SLS AMG + Aston Martin DBS

Daimler’s partnership with Aston Martin is growing, as the former will supply electric and electronic components to the latter for a 1 percent increase in holdings.

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By on August 5, 2014

Salesman With Customer

Business is booming on the lot, with the industry on pace to move some 16 million vehicles out onto the highway by the end of 2014. However, some Wall Street insiders are growing bearish with this bull market, blaming easy credit for the surge in demand.

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By on August 5, 2014

GM Financial AmeriCredit

While the parent company goes through the federal ringer over product safety, GM Financial is under the gun after receiving a subpoena from the U.S. Department of Justice regarding potential deceptive practices in subprime lending.

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By on August 4, 2014

Capital Hill Interstate

Aside from funding issues with the U.S. Highway Trust Fund, state governments are having a difficult time applying — and receiving — federal grants to make their part of the system safer.

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By on July 29, 2014

new couple old tricks auto lending

Six years after the dark days of the Great Recession, automotive lending is back on the rise, while delinquencies on those loans remain grounded.

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