The Ultimate Resource for Insurance & Finance NewsThe most comprehensive car insurance and financing news from financial experts. 
Automaker Chrysler Shrinks Losses in Second QuarterOne year out of bankruptcy, Chrysler appears to be on the mend. The automaker improved its loss of $197 million in the first quarter to $172 million in the second. Car and truck sales were up, helped by the introduction of the 2011 Jeep Grand Cherokee. Full StoryPrevious Articles
Automaker GM Rebuilding Credit, Preparing for IPOGeneral Motors recently purchased AmeriCredit, which is the carmaker's first step toward creating a full captive financing division. The move [...] Full Story 
AmeriCredit to Become 'Core' of GM's New Financing ArmGeneral Motors reported today in a statement that it will buy AmeriCredit, a subprime-loan specialist, for $3.5 billion cash. AmeriCredit [...] Full Story 
Ally Financial Will Do Away with GMAC BrandAlly Financial will gradually eliminate the GMAC brand name, according to a spokesperson for the company. Ally offers financing to [...] Full Story 
Ford to Reduce Debt by $4 BillionToday, Ford announced that it will pay down its debt load by roughly $4 billion. The company will pay the [...] Full Story 
Sources Say GM Stock Offering to Reduce U.S. Stake, Generate New CapitalGeneral Motors has planned a public stock sale that will cut the U.S. government's stake in the corporation and also [...] Full Story |
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