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NewsMay 1, 2009

Chrysler’s Bankruptcy Clouds Future for Chrysler Financial

While Chrysler LLC’s bankruptcy filing under Chapter 11 on Thursday provided a clearer picture of the troubled automaker’s way forward, it left the future of Chrysler Financial clouded.

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NewsApril 30, 2009

GMAC Becomes Part of Chrysler’s Restructuring Plan

On the same day it confirmed its newly forged alliance with Fiat SpA and its filing for bankruptcy protection under Chapter 11, Chrysler LLC announced that GMAC will now become its preferred lender for dealer and consumer business.

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NewsApril 29, 2009

Pelican Resource Group Helps Dealers Manage Used Inventory

Pelican Resource Group LLC, a provider of subprime lending services, launched Profit Over Time, a program that helps franchised and independent dealerships meet the needs of consumers interested in used vehicles.

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NewsApril 29, 2009

Nationwide Biweekly Administration Launches Bi-Weekly Payment Program

Nationwide Biweekly Administration (NBA), a nationwide administrator for weekly and bi-weekly programs, launched its Bi-weekly Auto Payment service for car dealerships and consumers.

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NewsApril 28, 2009

Sheffield Financial to Provide Retail Financing for Kawasaki Dealers

Sheffield Financial, a subsidiary of BB&T Corporation established a new relationship with Kawasaki Motors Corp. USA to provide installment retail financing for Kawasaki dealers.

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NewsApril 28, 2009

XpressCredit Adds Customer Verification Tool to Loan Origination System

XpressCredit added a customer information verification tool, FacTrack, to its loan origination system.

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NewsApril 27, 2009

Husqvarna Extends Hero Deals Offer Until July 1st

In response to customer and dealer demand, Husqvarna Motorcycles NA extended its Hero Deals 4.99 percent retail sales promotion until July 1, 2009. Hero Deals offers two customer purchase options: 4.99 percent financing backed by BMW Financial Services, or a $1,000 factory cash discount.

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NewsApril 27, 2009

Honda Marine Offers Summer Finance Rates

Honda Marine launched a special consumer stimulus package for the summer boating season, offering 4.99 percent APR re-power financing rates throughout the summer.

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NewsApril 27, 2009

NAE and NWAN Strike Partnership With Service Payment Plan Inc.

National Automotive Experts (NAE) and National Warranty Administration Network (NWAN) have struck a partnership with Service Payment Plan Inc. (SPP), a Chicago-based financing company that offers an interest-free payment plan option for service contract purchasers.

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NewsApril 27, 2009

First 100 Days of Obama Administration Pave Road for More Regulation

The first 100 days of President Barack Obama’s administration have been marked by much pressure to address the financial crisis, help the U.S. economy, and establish regulatory reform. Wolters Kluwer Financial Services’ compliance experts agree that development alone has already changed the mood within the financial services industry.

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