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NewsNovember 16, 2010

Comerica Bank: Auto Affordability Improves in Q3

The purchase and financing of an average priced new vehicle took 23.8 weeks of median family income in the third quarter 2010, according to Comerica Bank’s Auto Affordability Index.

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NewsNovember 16, 2010

Lincoln Extends Free Maintenance Offer

The Lincoln brand will now permanently offer its Lincoln Complimentary Maintenance Program to all new customers beginning with 2011 model-year vehicles.

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NewsNovember 16, 2010

Charlie Robinson to Lead Resource Automotive

Resource Automotive Inc., a unit of The Warranty Group Inc., announced that Charlie Robinson has been named president and chief operating officer of Resource Automotive.

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NewsNovember 16, 2010

AutoUpLinkUSA Offers Automated Ad Manager for Classified Listings

AutoUpLinkUSA, a provider of online inventory listing and marketing solutions, has launched the Automated Ad Manager, a fully automated ad management solution that distributes used-vehicle advertising on free classified platforms like Craigslist.

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NewsNovember 10, 2010

GM Financial Posts Income of $51 Million in September Quarter

General Motors Financial Company Inc., formerly known as AmeriCredit Corp., reported net income of $51 million for the quarter ended Sept. 30, 2010.

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NewsNovember 9, 2010

Industry Could See Solid First Quarter 2011, Says CNW

In his state of the industry report, CNW Research’s Art Spinella said several indicators point to a solid first quarter 2011. What his data doesn’t point to, however, is the industry cracking the 13 million-unit mark next year.

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NewsNovember 9, 2010

Bush Book Defends Auto Bailout, Criticizes Detroit Three

Two years after leaving office, former President George W. Bush remains a harsh critic of the executives he believes led the U.S. auto industry down the path to self-destruction.

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NewsNovember 9, 2010

US Fidelis, AGs Reach Settlement

Pennsylvania Attorney General Tom Corbett has announced that he and the attorneys general for 10 other states have reached a settlement with US Fidelis, the St. Louis-based vehicle service contract provider that was forced into bankruptcy in April after being charged with false and deceptive business practices.

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NewsNovember 9, 2010

Exeter Finance Secures $150 Million Credit Line

Exeter Finance Corp., a specialty auto finance company, has entered into a $150 million warehouse line of credit with Wells Fargo Bank N.A.

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NewsNovember 9, 2010

Vehicle Finance Conference to Focus on Evolving Marketplace

To help industry executives anticipate and deal with changes in the vehicle finance marketplace, the American Financial Services Association’s (AFSA) said its 15th Annual Vehicle Finance Conference and Exposition will focus on evolving with the changing market.

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