An audit prepared by a watchdog agency says last year’s decision by General Motors Co., Chrysler LLC and the Obama administration’s Auto Task Force to terminate franchise agreements with hundreds of dealers was made in haste.
President Barack Obama addressed Wall Street’s financial firms Monday to promote his agenda for financial regulatory reform, which includes expanding the authority of the Federal Reserve and creating the Consumer Financial Protection Agency (CFPA). But at least one association representing the financial services industry is balking at his proposals.
President Barack Obama addressed Wall Street’s financial firms Monday to promote his agenda for financial regulatory reform, which includes expanding the authority of the Federal Reserve and creating the Consumer Financial Protection Agency (CFPA). But at least one association representing the financial services industry is balking at his proposals.
F&I 's Gregory Arroyo takes a look at the Obama administration's plan to overhaul the financial regulatory system.
General Motors Corp. moved closer to bankruptcy today after it announced the failed deal with its bondholders to exchange their debt for equity in the company.
John McEleney, chairman of the National Automobile Dealers Association, announced his support last week for recent changes to SBA 7(a), a Small Business Administration loan-guarantee program.
The Chairman of the National Automobile Dealers Association (NADA) acknowledged President Obama’s commitment to helping the domestic auto industry, but urged his administration to focus on correcting the dysfunctional credit markets.
Three associations — the National Auto Dealers Association (NADA), the American International Auto Dealers Association and the National Association of Minority Auto Dealers (NAMAD) — sent a joint letter to President Barack Obama last week urging him to revitalize the market for vehicle inventory and retail auto financing.
With 2009 expected to be one of the toughest years yet for auto retailing, the incoming chairman of the National Automobile Dealers Association issued a call-to-action Monday.
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