Auto Loans Archives

Sweden Talks to U.S. Carmakers About Saab, Volvo
By: manybanking.com Staff
The Swedish government is concerned that any bailout by the U.S. wouldn't include foreign subsidiaries.The Associated Press By Malin Rising Read more»
Dodd Endorses Big Three Bailout
By: manybanking.com Staff
The Connecticut Senator said that letting them fail would be like 'playing Russian Roulette with the U.S. economy.'WASHINGTON -- Senate Banking Committee chairman Christopher Dodd has come out in favor of federal financial help for the troubled auto industry. The Connecticut Democrat stated his position Thursday as the heads of the Big Three car makers in Detroit returned to Congress to plead with lawmakers for some $34 billion in assistance. Read more»
Ford Tops Safe Car List
By: manybanking.com Staff
Ford and its Volvo subsidiary led all automakers in car safety tests this year.By Ken Thomas from The Associated Press WASHINGTON -- The insurance industry named dozens of new cars and trucks, led by Ford and its Volvo subsidiary, to its annual list of the safest vehicles Tuesday, helped by the increased use of anti-rollover technology. Read more»
Canada says it will provide auto help
By: manybanking.com Staff
OTTAWA (AP) _ Canada's Conservative government said Wednesday it will provide further support to the country's automotive sector, its strongest promise yet of aid.Associated Press Writer OTTAWA (AP) _ Canada's Conservative government said Wednesday it will provide further support to the country's automotive sector, its strongest promise yet of aid. Read more»
Oil Climbs Back Above $50
By: manybanking.com Staff
News of a Citigroup bailout and the announcement of President-elect Obama's financial team help futures.By Pablo Gorondi from The Associated Press Read more»
Buy a Car at Fire-Sale Prices
By: manybanking.com Staff
If you have the money and access to credit, it's a buyer's market in the car industry.Need a car for home or work? You're in luck. Dealers are struggling to sell cars in this mess of an economy, and that means there are plenty of great deals. Provided, that is, you can afford to buy a car in the first place. Read more»
Detroit Pleads for $25B in Federal Aid
By: manybanking.com Staff
Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save their once-proud companies from collapse, warning of broader peril for the national economy as well.Updated from Tuesday, Nov. 18 By Julie Hirschfeld Davis Read more»
Mazda Buys Back 6.8% of Shares From Ford
By: manybanking.com Staff
Mazda spent 17.8 billion yen ($184 million) to buy back 6.8% of its own shares from Ford.By Yuri Kageyama TOKYO -- Mazda spent 17.8 billion yen ($184 million) to buy back 6.8% of its own shares from cash-hungry Ford, the Japanese automaker said Wednesday. Read more»
Mitsubishi UFJ First-Half Profit Falls 64%
By: manybanking.com Staff
Japan's largest bank said first-half net profit plunged, battered by an increase in bad loans and losses on its share portfolio.By Tomoko A. Hosaka TOKYO (AP) -- Mitsubishi UFJ Financial, Japan's largest bank, said first-half net profit plunged 64%, battered by an increase in bad loans and losses on its share portfolio. Read more»
Mazda Says Ford to Cut Stake to 13%
By: manybanking.com Staff
Mazda said Tuesday it would spend up to 17.9 billion yen, or $185.3 million, to buy back up to 6.87% of its own shares.Updated from 5:10 a.m. EST TOKYO (AP) -- Japan's Mazda Motor says U.S. automaker Ford Motor will cut its stake in Mazda to 13% from 33.4%. Read more»
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