The Truth About Cars » loan http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 11 Feb 2016 18:00:49 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » loan http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Canada Loans €400M to Volkswagen for Chance at Supplier Table http://www.thetruthaboutcars.com/2015/04/canada-loans-e400m-volkswagen-chance-supplier-table/ http://www.thetruthaboutcars.com/2015/04/canada-loans-e400m-volkswagen-chance-supplier-table/#comments Mon, 27 Apr 2015 11:35:06 +0000 http://www.thetruthaboutcars.com/?p=1055073 As Volkswagen plans to expand in Chattanooga and Puebla, the Canadian government is loaning €400 million ($433.8 million USD) to the German automaker in exchange for possible future supplier business. Export Development Canada, a Crown corporation (an entity owned entirely by the Government of Canada), announced the “financing is designed to create opportunities for qualified small and medium-sized […]

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As Volkswagen plans to expand in Chattanooga and Puebla, the Canadian government is loaning €400 million ($433.8 million USD) to the German automaker in exchange for possible future supplier business. Export Development Canada, a Crown corporation (an entity owned entirely by the Government of Canada), announced the “financing is designed to create opportunities for qualified small and medium-sized […]

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Explosive Growth For Long Term Auto Loans In Q3 2014 http://www.thetruthaboutcars.com/2014/12/explosive-growth-long-term-auto-loans-q3-2014/ http://www.thetruthaboutcars.com/2014/12/explosive-growth-long-term-auto-loans-q3-2014/#comments Mon, 08 Dec 2014 22:21:25 +0000 http://www.thetruthaboutcars.com/?p=957042 Red-hot auto sales and increasingly pricey cars are generally seen as a sign of a resurgent economy and a consumer base that is finally prospering after years of stagnant wages and poor prospects. But according to data from Experian, much of the growth may come from practices generally regarded as financially unhealthy. In particular, major […]

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Red-hot auto sales and increasingly pricey cars are generally seen as a sign of a resurgent economy and a consumer base that is finally prospering after years of stagnant wages and poor prospects. But according to data from Experian, much of the growth may come from practices generally regarded as financially unhealthy. In particular, major […]

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DOE Revives Loan Scheme For Auto Makers http://www.thetruthaboutcars.com/2014/10/doe-revives-loan-scheme-auto-makers/ http://www.thetruthaboutcars.com/2014/10/doe-revives-loan-scheme-auto-makers/#comments Thu, 09 Oct 2014 15:26:29 +0000 http://www.thetruthaboutcars.com/?p=928057 After unwinding their Advanced Technology Vehicle Manufacturing loan program in 2011, the Department of Energy is bringing it back. According to The Detroit News, the focus of this round will be on suppliers, as well as lightweight vehicle technology. Despite the stated focus on suppliers, the timing of the announcement comes as FCA CEO Sergio Marchionne […]

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After unwinding their Advanced Technology Vehicle Manufacturing loan program in 2011, the Department of Energy is bringing it back. According to The Detroit News, the focus of this round will be on suppliers, as well as lightweight vehicle technology. Despite the stated focus on suppliers, the timing of the announcement comes as FCA CEO Sergio Marchionne […]

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Moody’s: Underwriting Standards, Borrower Credit Declining http://www.thetruthaboutcars.com/2014/06/moodys-underwriting-standards-borrower-credit-declining/ http://www.thetruthaboutcars.com/2014/06/moodys-underwriting-standards-borrower-credit-declining/#comments Wed, 11 Jun 2014 12:49:06 +0000 http://www.thetruthaboutcars.com/?p=842314 The global outlook for Auto Back Securities (ABS) is steady – except in North America, where underwriting standards and borrower credit are slipping. The latest news comes from ratings agency Moody’s, which issued a new report on the popular investment vehicle. Sanjay Wahi, Vice President and Senior Analyst, stated “Globally, auto loan ABS pools will […]

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The global outlook for Auto Back Securities (ABS) is steady – except in North America, where underwriting standards and borrower credit are slipping. The latest news comes from ratings agency Moody’s, which issued a new report on the popular investment vehicle. Sanjay Wahi, Vice President and Senior Analyst, stated “Globally, auto loan ABS pools will […]

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Piston Slap: Because Nobody Lies on Craigslist! http://www.thetruthaboutcars.com/2013/08/piston-slap-because-nobody-lies-on-craigslist/ http://www.thetruthaboutcars.com/2013/08/piston-slap-because-nobody-lies-on-craigslist/#comments Wed, 07 Aug 2013 12:07:54 +0000 http://www.thetruthaboutcars.com/?p=498201 Walt writes: Mr. Mehta, I am seriously considering purchasing a 1965 Mustang Fastback from a private seller on craigslist. He owes $3000 on the vehicle. I myself will have to take out a loan to pay for said car. The title to the car is held by the same institution that will be lending me […]

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Walt writes: Mr. Mehta, I am seriously considering purchasing a 1965 Mustang Fastback from a private seller on craigslist. He owes $3000 on the vehicle. I myself will have to take out a loan to pay for said car. The title to the car is held by the same institution that will be lending me […]

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DoE Gets Some Money Out Of Fisker http://www.thetruthaboutcars.com/2013/04/doe-gets-some-money-out-of-fisker/ http://www.thetruthaboutcars.com/2013/04/doe-gets-some-money-out-of-fisker/#comments Tue, 23 Apr 2013 14:44:15 +0000 http://www.thetruthaboutcars.com/?p=485999 The U.S. government has managed to recover $21 million in cash from Fisker, funds that will go towards repaying the nearly $200 million its received from the government in the form of loans. Automotive News reports that the funds came from sales and private investment, rather than unused loan money. Reports say that Fisker’s emergency fund was […]

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The U.S. government has managed to recover $21 million in cash from Fisker, funds that will go towards repaying the nearly $200 million its received from the government in the form of loans. Automotive News reports that the funds came from sales and private investment, rather than unused loan money. Reports say that Fisker’s emergency fund was […]

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VC Firms Expected To Take A Billion Dollar Bath On Fisker http://www.thetruthaboutcars.com/2013/04/vc-firms-expected-to-take-a-billion-dollar-bath-on-fisker/ http://www.thetruthaboutcars.com/2013/04/vc-firms-expected-to-take-a-billion-dollar-bath-on-fisker/#comments Thu, 18 Apr 2013 12:30:13 +0000 http://www.thetruthaboutcars.com/?p=485266 PrivCo, a private corporate intelligence firm, has published a 20+ page dossier on Fisker’s seemingly strong ability to fundraise for itself, while failing to do a good job of actually creating cars. With Fisker teetering on the verge of bankruptcy, the results are staggering; with just under 2000 units sold, Fisker burned through an estimated […]

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PrivCo, a private corporate intelligence firm, has published a 20+ page dossier on Fisker’s seemingly strong ability to fundraise for itself, while failing to do a good job of actually creating cars. With Fisker teetering on the verge of bankruptcy, the results are staggering; with just under 2000 units sold, Fisker burned through an estimated […]

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Workers At LG Chem Plant On Furlough As Green Jobs Wilt http://www.thetruthaboutcars.com/2012/10/workers-at-lg-chem-plant-on-furlough-as-green-jobs-wilt/ http://www.thetruthaboutcars.com/2012/10/workers-at-lg-chem-plant-on-furlough-as-green-jobs-wilt/#comments Fri, 19 Oct 2012 18:56:03 +0000 http://www.thetruthaboutcars.com/?p=464258 Workers at an LG Chem plant in Holland, Michigan have already been put on furlough before a single battery has come off the line. Workers have three weeks of paid “work”, and one week off unpaid at the $300 million plant. As early as 2010, the Holland plant was touted by President Obama as the […]

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Workers at an LG Chem plant in Holland, Michigan have already been put on furlough before a single battery has come off the line. Workers have three weeks of paid “work”, and one week off unpaid at the $300 million plant. As early as 2010, the Holland plant was touted by President Obama as the […]

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Romney Dubs Tesla, Fisker As “Losers”, As Tesla Issues Stock To Stay Afloat http://www.thetruthaboutcars.com/2012/10/romney-dubs-tesla-fisker-as-losers-as-tesla-issues-stock-to-stay-afloat/ http://www.thetruthaboutcars.com/2012/10/romney-dubs-tesla-fisker-as-losers-as-tesla-issues-stock-to-stay-afloat/#comments Thu, 04 Oct 2012 17:53:33 +0000 http://www.thetruthaboutcars.com/?p=462728 Viewers of last night’s Presidential debate may have caught Mitt Romney bad-mouthing Tesla and Fisker during his remarks. Meanwhile, Tesla’s new prospectus shows that they’re hardly out of the woods yet, financially speaking. Last night, Gov. Romney delivered this barb to President Obama “You put $90 billion — like 50 years’ worth of breaks — […]

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Viewers of last night’s Presidential debate may have caught Mitt Romney bad-mouthing Tesla and Fisker during his remarks. Meanwhile, Tesla’s new prospectus shows that they’re hardly out of the woods yet, financially speaking. Last night, Gov. Romney delivered this barb to President Obama “You put $90 billion — like 50 years’ worth of breaks — […]

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Long-Term Car Loans Rising In Popularity North Of The Border http://www.thetruthaboutcars.com/2012/07/long-term-car-loans-rising-in-popularity-north-of-the-border/ http://www.thetruthaboutcars.com/2012/07/long-term-car-loans-rising-in-popularity-north-of-the-border/#comments Mon, 23 Jul 2012 18:18:29 +0000 http://www.thetruthaboutcars.com/?p=453910 Canadians have some of the highest household debt levels in the world, thanks to cheap mortgages and home equity credit lines. And car loans are next. Canadian household debt levels are estimated at 152 percent of  income, and long-term loans with cheap interest rates (or 0 percent interest) are cropping up all over the place. […]

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Canadians have some of the highest household debt levels in the world, thanks to cheap mortgages and home equity credit lines. And car loans are next. Canadian household debt levels are estimated at 152 percent of  income, and long-term loans with cheap interest rates (or 0 percent interest) are cropping up all over the place. […]

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DOE Loans In The Works For GM, Chrysler http://www.thetruthaboutcars.com/2010/05/doe-loans-in-the-works-for-gm-chrysler/ http://www.thetruthaboutcars.com/2010/05/doe-loans-in-the-works-for-gm-chrysler/#comments Fri, 14 May 2010 21:11:38 +0000 http://www.thetruthaboutcars.com/?p=356619 Officials working with the Department of Energy tell the Detroit News that GM and Chrysler face no major obstacles in their quest for huge retooling loans from the DOE’s Advanced Technology Vehicle Manufacturing Loan program. GM is seeking $14.4b and Chrysler has asked for $8.55b in low-cost government loans. Says Matt Rogers, a senior adviser […]

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Officials working with the Department of Energy tell the Detroit News that GM and Chrysler face no major obstacles in their quest for huge retooling loans from the DOE’s Advanced Technology Vehicle Manufacturing Loan program. GM is seeking $14.4b and Chrysler has asked for $8.55b in low-cost government loans. Says Matt Rogers, a senior adviser […]

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The Sky Is Falling: DetN Disses GM http://www.thetruthaboutcars.com/2010/05/the-sky-is-falling-detn-disses-gm/ http://www.thetruthaboutcars.com/2010/05/the-sky-is-falling-detn-disses-gm/#comments Sun, 02 May 2010 00:00:37 +0000 http://www.thetruthaboutcars.com/?p=354972 The Detroit News, by some regarded as the in-house organ of GM, has issues with GM. The DetN doesn’t like GM’s latest TV ad (“some future models shown”) in which Ed Whitacre proclaims that GM paid back its “loan, in full, with interest, years ahead of schedule.” The “GM ad glosses over the reality” complains […]

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The Detroit News, by some regarded as the in-house organ of GM, has issues with GM. The DetN doesn’t like GM’s latest TV ad (“some future models shown”) in which Ed Whitacre proclaims that GM paid back its “loan, in full, with interest, years ahead of schedule.” The “GM ad glosses over the reality” complains […]

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Grassley: Was GM’s “Payback” Shuffle About Avoiding The TARP Tax? http://www.thetruthaboutcars.com/2010/04/grassley-was-gms-payback-shuffle-about-avoiding-the-tarp-tax/ http://www.thetruthaboutcars.com/2010/04/grassley-was-gms-payback-shuffle-about-avoiding-the-tarp-tax/#comments Fri, 23 Apr 2010 14:47:09 +0000 http://www.thetruthaboutcars.com/?p=353869 While the White House and most of the media spent the last two days parroting GM’s claim that it “paid back” taxpayers, Senator Chuck Grassley was busy writing a letter to the Secretary of the Treasury [letter available in PDF here]. The three-page note opens: Dear Secretary Geithner: General Motors (GM) yesterday announced that it […]

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While the White House and most of the media spent the last two days parroting GM’s claim that it “paid back” taxpayers, Senator Chuck Grassley was busy writing a letter to the Secretary of the Treasury [letter available in PDF here]. The three-page note opens: Dear Secretary Geithner: General Motors (GM) yesterday announced that it […]

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GM, Pay Me My Money Down http://www.thetruthaboutcars.com/2010/03/gm-pay-me-my-money-down/ http://www.thetruthaboutcars.com/2010/03/gm-pay-me-my-money-down/#comments Fri, 26 Mar 2010 11:32:00 +0000 http://www.thetruthaboutcars.com/?p=350441 Reuters says GM is making a big deal out of sending a $1b check to the U.S. Treasury next Wednesday, “attempting to settle the loan with the government ahead of schedule.” Who are they kidding? Reuters rightly points out that last November, “GM had said it would begin making quarterly payments in December of $1.2 […]

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Reuters says GM is making a big deal out of sending a $1b check to the U.S. Treasury next Wednesday, “attempting to settle the loan with the government ahead of schedule.” Who are they kidding? Reuters rightly points out that last November, “GM had said it would begin making quarterly payments in December of $1.2 […]

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Auto Loan Delinquencies To Rise In 2010? http://www.thetruthaboutcars.com/2009/12/auto-loan/ http://www.thetruthaboutcars.com/2009/12/auto-loan/#comments Wed, 16 Dec 2009 19:24:27 +0000 http://www.thetruthaboutcars.com/?p=339397 Credit reporting agency TransUnion is forecasting a rise in auto loan delinquencies next year, adding to the list of factors that could slow a turnaround in auto sector sales and profits in 2010. 60-day auto loan delinquency has been rising throughout 2009, reports the WSJ, as tighter lending standards have increased the ratio of delinquencies […]

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Credit reporting agency TransUnion is forecasting a rise in auto loan delinquencies next year, adding to the list of factors that could slow a turnaround in auto sector sales and profits in 2010. 60-day auto loan delinquency has been rising throughout 2009, reports the WSJ, as tighter lending standards have increased the ratio of delinquencies […]

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Swedish Government: Saab’s Books Were Cooked http://www.thetruthaboutcars.com/2009/11/swedish-government-saabs-books-were-cooked/ http://www.thetruthaboutcars.com/2009/11/swedish-government-saabs-books-were-cooked/#comments Wed, 18 Nov 2009 14:27:05 +0000 http://www.thetruthaboutcars.com/?p=336012 Looks like GM may have done some creative accounting after all – at least according to Swedish Government and their consulting firm KPMG. As we’ve reported the last couple of days, Saab’s rescue has been hanging by a thread due to questions around the company’s financial situation prior to the start of the financial crisis. […]

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Looks like GM may have done some creative accounting after all – at least according to Swedish Government and their consulting firm KPMG. As we’ve reported the last couple of days, Saab’s rescue has been hanging by a thread due to questions around the company’s financial situation prior to the start of the financial crisis. […]

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GE Capital Backs Jaguar/Land Rover http://www.thetruthaboutcars.com/2009/11/ge-capital-backs-jaguarland-rover/ http://www.thetruthaboutcars.com/2009/11/ge-capital-backs-jaguarland-rover/#comments Mon, 16 Nov 2009 19:43:00 +0000 http://www.thetruthaboutcars.com/?p=335705 According to the Financial Times General Electric’s in-house virtual bank, GE Capital, has agreed to give JLR (Jaguar-Land-Rover) new financing secured by vehicles as they come off the production lines. Cash flow wise, JLR will get money almost instantly upon completion of production rather than later on down the road when the dealers and/or their […]

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According to the Financial Times General Electric’s in-house virtual bank, GE Capital, has agreed to give JLR (Jaguar-Land-Rover) new financing secured by vehicles as they come off the production lines. Cash flow wise, JLR will get money almost instantly upon completion of production rather than later on down the road when the dealers and/or their […]

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