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NewsNovember 10, 2009

Fitch Gives Ford Positive Outlook

Fitch Ratings assigned a 'CC/RR6' rating to Ford Motor Company's issuance of $2.875 billion seven-year senior unsecured convertible notes, a positive ratings outlook.

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NewsNovember 10, 2009

Santander Consumer to Acquire HSBC's Auto Business

HSBC Finance Corporation announced that Santander Consumer USA Inc. will acquire its auto loan servicing business and $1 billion in auto loan receivables for $904 million.

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NewsNovember 5, 2009

Victory Motorcycles Offers Military Personnel $1,000 Cash Back

Victory Motorcycles is offering United States and Canadian military personnel $1,000 cash back on the purchase of any new Victory model during the “Full Throttle Salute.”

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NewsNovember 4, 2009

Indirect Lending Important for Growth, Say Banks and Credit Unions

Indirect lending will be critical to the overall growth of U.S. banks and credit unions during the next two years, according to a survey by Wolters Kluwer Financial Services.

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NewsNovember 4, 2009

GMAC Reports 3Q Loss of $767 Million

GMAC Financial Services reported a third quarter 2009 net loss of $767 million, an improvement from the net loss of $2.5 billion in the year-ago period.

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NewsNovember 4, 2009

Chrysler Offers Incentives Through Credit Union Program

Chrysler Group LLC is offering credit union members preferred pricing on all 2009 Chrysler, Jeep, Dodge and Ram Truck vehicles and a select number of 2010 vehicles through the“ Invest in America” program.

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NewsNovember 3, 2009

Key Credit Index Shows Expansion

While saying the credit markets and the economy still face hurdles, the National Association of Credit Management (NACM) reported that its October Credit Managers Index (CMI) broke into expansion territory for the first time in over a year.

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NewsNovember 3, 2009

Ford Credit Earns $427 Million in 3Q

Ford Credit reported net income of $427 million in the third quarter, an increase of $332 million from earnings of $95 million a year earlier.

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NewsNovember 3, 2009

Indirect Lending Important for Growth, Say Banks and Credit Unions

Indirect lending will be critical to the overall growth of U.S. banks and credit unions during the next two years, according to a survey by Wolters Kluwer Financial Services.

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NewsNovember 3, 2009

Southfield Capital to Sell Dealers’ Financial Services

Southfield Capital Advisors, a private investment firm focused on the lower middle-market, agreed to sell Dealers’ Financial Services (DFS) LLC to Dollar Financial Corp. for approximately $118 million in cash.

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