Jun07
Are auto dealers and their finance divisions lumped in with other banks, financial services groups and investment bankers when it comes to finance reform? Should they be? Do you feel the same way about your car lender as you do a bank on Wall Street with a negative perception? Keep in mind you don’t have to deal with financing when you take over a Lease Specials through LeaseTrader.com.
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Jun04
Is a captive finance deal best for you and your car Lease Specials? Is General Motors (GM) getting back into the auto financing business? Several media reports have indicated that GM is planning a return to auto financing through its GMAC (now Ally Bank) finance division.
In fact, there’s even talk that GM will buy the finance division and bring it back under the GM tent. Naturally, the biggest reason for doing so all comes down to money. Having a captive finance division (in-house...
Apr30
A handful of lawmakers are accusing General Motors of misleading the public by continuing to claim as part of its advertising blitz that the auto giant has repaid its government loans "in full." General Motors has been running ads on all the major networks claiming the company repaid its $6.7 billion U.S. government loan "with interest five years ahead of the original schedule." General Motors Company CEO Ed Whitacre can be seen in the ad walking through an auto plant as he touts the...
Apr22
A deep-water oil rig that suffered a massive explosion two days ago has sunk in the Gulf of Mexico, the Coast Guard said Thursday. Eleven workers are still missing. Coast Guard teams on Thursday had been battling the blaze on the Deepwater Horizon, which had listed more throughout the night, tipping increasingly toward the sea. Supply vessels were shooting water into the rig to try and control the flames enough to keep it from sinking.
Apr15
President Obama and his wife, Michelle, paid $1.8 million in federal taxes for 2009, from an income of $5.5 million -- more than twice what they made in the previous year, the White House announced on its blog today. The precise tax bill is $1,792,414. The first family's income: $5,505,409. The bulk of the president's income comes from the continuing sales of his books, Dreams From My Father and The Audacity of Hope, according to the White House statement.
The Obamas also reported...