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February 19, 2009 - Industry News

Hyundai Offers Consumers 90-Days of Payment Relief

Hyundai Motor America will expand the protection offered by the innovative Hyundai Assurance program with Hyundai Assurance Plus, adding 90 days of payment relief to the existing protection plan.

February 13, 2009 - Industry News

BMW to Make First Two Payments for Customers in Payment Program

BMW USA introduced a two-payment program for select models throughout its vehicle line-up. Through this initiative, BMW will make the first two payments (up to $750 per month / $1,500 max.) for vehicles financed through BMW Financial Services.

February 5, 2009 - Industry News

Further Roadblocks Ahead for U.S. Auto ABS, Says Fitch Ratings

Despite stable ratings performance in 2008, the asset performance of prime U.S. auto-loan asset backed securities (ABS) will continue to face stiff headwinds in 2009, according to Fitch Ratings in its latest edition of 'In the Auto ABS Driver’s Seat'.

February 5, 2009 - Industry News

AmeriCredit Reports Q2 Loss; Originations Being Scaled Back

AmeriCredit Corp. said it expects to reduce its loan portfolio by nearly one-third this year, as executives said the company will continue to focus on maximizing cash collections from its loan portfolio and managing the business to preserve capital and liquidity.

Tags: AmeriCredit

February 5, 2009 - Industry News

GMAC Financial Services Posts 4Q Profit

GMAC Financial Services reported a 2008 fourth-quarter profit, which was achieved by the proceeds from a debt swap that offset losses at its automotive finance and mortgage businesses.

Tags: GMAC Financial Services

January 16, 2009 - Industry News

Chrysler Financial Receives $1.5 Billion Loan; Rolls Out New Incentives

Shortly after receiving up to $1.5 billion in loans from the U.S. Department of Treasury's Troubled Asset Relief Program (TARP), Chrysler Financial rolled out new incentives on select Chrysler, Jeep and Dodge models.

Tags: Chrysler Financial Services, TARP