Pocatello Car Dealerships React to Auto Loan Package (KIFI Idaho Falls)

Car dealerships say thanks to lower gas prices, sales of cars are doing better then they were just a few months ago.  Many of the managers say it's too early to tell what each day will bring let alone the future.  But for now, things are steady and moving along.

US car giants in rescue plea (RTÉ News)

The heads of the three big US car makers appeared before a US Senate committee last night in a bid to secure $25 billion in a stopgap loan. The biggest of the three, General Motors, is under extreme financial difficulty and faces the prospect of bankruptcy.

(AFX UK Focus) 2008-11-19 16:47 Romanian govt suspends car tax to protect jobs (Interactive Investor)

BUCHAREST, Nov 19 (Reuters) - The Romanian government has suspended initial car registration tax for a year in a bid to protect jobs in the country's car industry. As the world financial crisis has intensified, concern has grown that Romania's economy is particularly vulnerable to an economic downturn because of a vast external trade deficit and high rates of hard currency borrowing. Bucharest ...

Bush gives ground on car industry bail-out (Guardian Unlimited)

The shifting balance of power in Washington was graphically illustrated yesterday when Barack Obama wrung his first concession from George Bush over the troubled car industry. During an hour-long meeting with President Bush in the White House on Monday, the president-elect had made a plea for a multibillion dollar bail-out for the country's three struggling car manufacturers, Chrysler, ...

George Bush gives ground to Barack Obama on car industry bail-out (Guardian Unlimited)

The shifting balance of power in Washington was graphically illustrated today when Barack Obama wrung his first concession from George Bush over the troubled car industry. During an hour-long meeting with President Bush in the White House on Monday, the president-elect had made a plea for a multi-billion dollar bail-out for the country's three struggling car manufacturers, Chrysler, ...

Opel seeks loan guarantees from German govt (Deutsche Welle)

German finance minister Peer Steinbrueck has confirmed plans for an automotive summit scheduled for Tuesday. He told reporters on the sidelines of the G20 summit in Washington that the meeting would be used to discuss potential aid for struggling car manufacturers.

Cars Opel could get government loan guarantees 17/11 19:45 CET (Euronews)

Opel has been trying to cover itself in case its US parent company General Motors goes bust. GM’s German subsidiary wants government loan guarantees of up to two billion euros from Berlin and from various state governments where it has plants. Opel employs almost 26,000 people in Germany.

UPDATED: Mich. man gets 10 yrs in federal loan fraud case (Battle Creek Enquirer)

DETROIT â€" A man was sentenced to 10 years in prison today for the worst single case of loan fraud at the U.S. Small Business Administration, a scheme to use federally guaranteed financing to buyers of gas stations, convenience stores and restaurants.

Local Car Dealers Stand Strong in Looming Bailout (KIMT Mason City)

CHARLES CITY, Iowa - There's a lot of concern surrounding the big three auto makers right now. "I don't think any of us wanna know what the United States'll look like if we don't have car manufacturing in it," said Mike Molstead, owner of Mike Molstead Motors in Charles City.

Did Modi offer Rs. 30,000 crore in sops to Tata Motors? (The Hindu)

AHMEDABAD: The Narendra Modi government is claimed to have offered over Rs. 30,000 crore in sops to Tata Motors to bring the Nano car project to Gujarat. Not only has the Modi government agreed to provide a soft loan of Rs. 9,570 crore ...

Sen. Bond to propose tax incentives for auto buyers (The Joplin Globe)

Sen. Christopher “Kit” Bond on Thursday said he plans to introduce legislation that would make interest on car loans tax-deductible to help revive auto sales, while debate swirled on a separate proposal for a $25 billion loan for the country’s ailing automakers.

China banks remain strong amid global financial crisis (People's Daily)

China's top banking regulator rated the country's banking industry as healthy with total assets increasing rapidly, bad loan rates dropping and capital adequacy ratio (CAR) rising. "The performance of Chinese banks has reached a historic peak," said Jiang Dingzhi, vice chairman of the China Banking Regulatory Commission (CBRC), at a financial forum in Beijing on Saturday. Total banking assets ...

Car crash imminent? (ZDNet)

Wow, the battle over the future of American-based car manufacturers is getting more complex. Now there's a major battle brewing WITHIN the majority Democratic Party, and it's centered on the political clout of the Detroit auto interests. ROAD KILL? There's good evidence that the plan to pass any kind of loan package for Detroit this year is road kill. It is likely the Republicans in the Senate ...

Car maker Opel seeks help from German govt (San Francisco Chronicle)

Car maker Adam Opel GmbH, a unit of General Motors Corp., said Friday it will seek loan guarantees from German authorities as the financial crisis grips the European auto industry. The company said it would seek guarantees for an unspecified amount from the...

Tips for purchasing a car (The Kansas City Star)

It's not just a buyer's market for stocks right now. The recession is pushing down prices across the board. And while it is wise to be cautious about making major purchases in a time of economic uncertainty, let's be frank: A car is a necessity, not an option, for most people living in this community.

Pakistan seeking emergency loan from IMF (Los Angeles Times)

The U.S. ally's finance chief says the International Monetary Fund agreed to the bailout after endorsing plans to tackle the country's huge budget and trade deficits. Pakistan has agreed to borrow $7.6 billion from the International Monetary Fund in an effort to stabilize the economy of this strategically important U.S. ally on the front lines of the battle against Al Qaeda and the Taliban.

CARZ FOR GIRLZ: Helping Mom (or Dad) Choose the Next Family Car (The Auto Channel)

Does your forecast call for a future without a brand new Ford Mustang, but rather a more practical sedan or crossover? As mom (or dad) gets geared up to pick out a new car, it seems your opinions about owing your own are taking the backseat.

US to discuss USD25bn aid to car sector (Ireland Business World)

Aides to president-elect Barack Obama have played down reports of tension with the Bush administration over help for the stricken US car industry. General Motors, Ford Motor Co and Chrysler have been lobbying for assistance as a severe downturn in US car sales pummels their balance sheets.

Bush Pushes For $25B Loan To Automakers (WCCO Minneapolis - St. Paul)

The White House is throwing support behind a plan to speed release of $25 billion in loans to troubled automakers but is rejecting a Democratic proposal to use money from a financial bailout for car companies. Senate Democrats will take up a bill to extend $25 billion in emergency loans to the auto industry on Monday.

Edmunds.com Advises Consumers How to Get an Auto Loan During Credit Crunch (Business Wire via Yahoo! Finance)

SANTA MONICA, Calif.----Is it possible to get a car loan in this time of economic stress? Edmunds.com, the premier online resource for automotive information, has compiled the definitive guide to auto loans for car shoppers and anyone else interested in the twists and turns of the economy.

Bush Pushes For $25B Loan To Automakers (WCBS-TV New York)

The White House is throwing support behind a plan to speed release of $25 billion in loans to troubled automakers but is rejecting a Democratic proposal to use money from a financial bailout for car companies. Senate Democrats will take up a bill to extend $25 billion in emergency loans to the auto industry on Monday.

Bush Pushes For $25B Loan To Automakers (KDKA Pittsburgh)

The White House is throwing support behind a plan to speed release of $25 billion in loans to troubled automakers but is rejecting a Democratic proposal to use money from a financial bailout for car companies. Senate Democrats will take up a bill to extend $25 billion in emergency loans to the auto industry on Monday.

Democrats press emergency loans for Big 3 as top senator says car bailout is stalled (Minneapolis-St. Paul Star Tribune)

So the Big Three want an emergency loan. I lived in Michigan for a time, and I can tell you these companies are used to getting what they … read more want because they're so large and powerful. Message to Congress: play hardball. You want a loan from the government?

Car dealers call for bailout for auto industry (SouthtownStar)

Mike Bettenhausen's family has been selling cars in Tinley Park for decades and bristles at talk that the country's automakers are begging for some sort of government handout. "Sadly, they are calling this issue a bailout, and all the manufacturers are seeking is a bridge loan to get through a challenging economy," said Bettenhausen, who sells Chrysler and Dodge vehicles.

My opinion Thomas L. Friedman : Government has protected Detroit automakers to death (Arizona Daily Star)

I was in a hotel room watching CNBC early one September morning. They were interviewing Bob Nardelli, the CEO of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn't a bailout, he said. It was a way to enable the car companies to retool for innovation.

Government has protected Detroit automakers to death (Arizona Daily Star)

I was in a hotel room watching CNBC early one September morning. They were interviewing Bob Nardelli, the CEO of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn't a bailout, he said. It was a way to enable the car companies to retool for innovation.

Democrats push to aid car industry (Los Angeles Times)

House leaders hope for quick passage of a bill providing $25 billion. In the Senate it may hit a GOP roadblock. Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered U.S. auto industry in exchange for a government ownership stake in the Big Three car companies -- General Motors, Ford and Chrysler.

What the credit crunch means for consumers (Richmond Times-Dispatch)

No doubt you've been hearing a lot about this credit crunch, but do you know what it actually means for you as a consumer? The limits on existing credit cards are in danger of shrinking. And your credit history is being held to a much higher standard. What does that mean? Well, if you do happen to be in need of a mortgage, home equity or car loan, you might have a tough time finding a lender and ...

Protecting Detroit to death (The Hendersonville Times-News)

Last September, I was in a hotel room watching CNBC early one morning. They were interviewing Bob Nardelli, the CEO of Chrysler, and he was explaining why the auto industry, at that time, needed $25 billion in loan guarantees. It wasn't a bailout, he said. It was a way to enable the car companies to retool for innovation. I could not help but...

TIPS ON CHOOSING A USED CAR (Bangkok Post - Thailand's English news)

-.First, it is necessary to establish a budget, which could give a clearer picture of the finance available cash on hand or getting a car loan. The interest rate charged by most finance institutions on car loans is about 3.5 per cent, on an average.

Federal Bailout May Include Credit Card, Loan Companies (Washington Post)

U.S. Treasury Secretary Henry M. Paulson Jr. said he wants to expand the government's $700 billion bailout program to include credit card, student loan and car loan companies, part of an effort to ensure that households and businesses have access to a broad array of borrowing options.

(AFX UK Focus) 2008-11-12 05:03 Tata firms told acquisition plans on hold - paper (Interactive Investor)

MUMBAI, Nov 12 (Reuters) - India's Tata Group, buyer of steel firm Corus in 2007 and car brands Jaguar and Land Rover in 2008, has put acquisition plans on hold unless strategically critical, the Hindustan Times said citing an e-mail from Chairman Ratan Tata. The paper said in a Nov. 6 email to the heads of group companies, which range from salt to software, Tata has directed all pending loan ...

Opel's appeal for state aid turned down (Deutsche Welle)

The German government has rejected a plea from General Motors (GM) for targeted aid for German car factories. GM's German subsidiary arm, Opel, had earlier written to Chancellor Angela Merkel to enlist her support for a 40-billion-euro loan from the European Investment Bank (EIB) to carmakers.

Pawn shops see business rise with economic crisis (Chicago Sun-Times)

Randy Cohen, co-owner of a South Loop pawn shop, has never seen anything like the current parade of cash-strapped customers forced to sell their stuff. ''Anything people can possibly get ahold of to bring in to pay their mortgage and get gas in the car, they're doing it,'' says Cohen, who works at the Royal Jewelers and Loan.

Schaeffler Controls 90% of Continental AG After Offer (Update1) (Bloomberg.com)

Sept. 22 (Bloomberg) -- Schaeffler Group, the family-owned ball-bearing maker buying Continental AG , controls more than 90 percent of the car-parts maker's stock following a takeover offer, exceeding a self-imposed limit on the stake.

Pawn shops see business rise with economy crisis (Chicago Sun-Times)

Randy Cohen, co-owner of a South Loop pawn shop, has never seen anything like the current parade of cash-strapped customers forced to sell their stuff. ''Anything people can possibly get ahold of to bring in to pay their mortgage and get gas in the car, they're doing it,'' says Cohen, who works at the Royal Jewelers and Loan.

Auto Loan Help (WROC Rochester)

For pretty much all of us, buying a car can be a stressful event. First, you have to figure out what car you want to buy and then you have to figure how you’re going to pay for it.

U.S. car companies hint at needing bailout (KATU Portland)

"We left the meetings convinced that our nation's automobile industry - the heart of our manufacturing sector - and the jobs of tens of thousands of American workers are at risk," Pelosi, D-Calif., and Reid, D-Nev., said in their letter to Paulson.

THE RATINGS GAME: Deutsche Bank Cuts GM To Sell; Shares Seen Likely Worthless (Nasdaq)

LONDON (Dow Jones) -- Shares of General Motors Corp. got downgraded to sell from hold and were labeled Monday as likely to be worthless by Deutsche Bank, which said the car maker may not be able to fund its U.S. business past December without government intervention.

Thai Bank of Ayudhya aims for 7 pct 2009 loan growth (Reuters via Yahoo! Philippines News)

BANGKOK, Nov 10 (Reuters) - Bank of Ayudhya (BAY), Thailand's fifth-biggest lender, said on Monday it expected to lend a net 40 billion baht ($1.15 billion) in 2009, up 7 percent from this year, boosted by higher consumer loans.

Locals question possible automaker bailout (The MetroWest Daily News)

Local car dealers are cheering a call from congressional leaders to loan money to troubled American automakers, but many area residents yesterday said the idea should go the way of the Ford Pinto.

Tiny car draws stares, questions (Las Vegas Sun)

Driving a Smart Fortwo car is like punching the kid sitting next to you in third grade. Sure, it will get you attention. But maybe not the kind you were looking for.

Reid, Pelosi Urge Treasury to Extend Aid to Automakers (Washington Post)

With the nation's automotive industry hemorrhaging cash, congressional leaders called on the Bush administration yesterday to offer government assistance to the car companies as part of the Treasury Department's $700 billion emergency rescue program.

AutoNation swings to $1.41 billion 3Q loss (Washington Post)

RICHMOND, Va. -- AutoNation Inc. said Thursday it swung to a loss in the third quarter, with customers finding it increasingly difficult to get a car loan and the overall economy heading south.

Local auto loan market strong, car dealers assert (The Daily Mail)

CATSKILL â€" While the recent meltdown on Wall Street has created ripple effects throughout many aspects of the middle-class economy, auto dealerships in the area make no bones about explaining that does not include the average buyer’s ability to secure an auto loan for a new vehicle.

AutoNation swings to $1.41 billion loss (Lansing State Journal)

RICHMOND, Va. - AutoNation Inc. said today it swung to a loss in the third quarter, with customers finding it increasingly difficult to get a car loan and the overall economy heading south.

(AFX UK Focus) 2008-11-08 14:54 UPDATE 1-German "car banks" to seek state guarantees -report (Interactive Investor)

FRANKFURT, Nov 8 (Reuters) - The finance arms of three German car companies have agreed to ask for state guarantees to help them raise several billion euros in financing through capital markets, Der Spiegel news magazine reported on Saturday, giving no details of its sources. In an advance copy of an article for its Nov. 10 edition, the magazine said that the car banks of BMW, Volkswagen and ...

How is the credit crunch affecting you? (The Canton Repository)

Do you have a good, or at least decent credit score, but you're still having problems getting a loan for significant items like a car or home? We'd like to talk with you.

Car sales in Brazil fall for first time since 1999 (The Economic Times)

New car sales in Brazil fell for the first time in nine years in October because of a tightening of credit due to the international financial crisis, the national car-makers association Anfavez said on Thursday.

Still Moving: Rare and Exotic Car Sales (HispanicBusiness.com)

Shop around for a car and you'll see endless buying and leasing incentives . . . for those fortunate enough to qualify for a loan in the current credit markets. Car dealerships are offering tremendous promotions because, simply, they need to sell cars and move inventory.

US car makers seek a fresh loan (Independent Online)

Chief executives of General Motors, Ford and Chrysler, seeking another $25 billion (R243 billion) in government-backed loans, were due to meet house of representatives speaker Nancy Pelosi last night, two people familiar with the matter said yesterday.

Ukrainians see winter of unease despite IMF loan (Unian)

From Lada taxi drivers to antique dealers, steelworkers to pastry sellers -- Ukrainians are suffering from the global financial crisis and few expect a multi-billion dollar IMF loan to do much to ease the pain, Reuters reported.

Ukrainians see winter of unease despite IMF loan (KYIV Post)

(Reuters) - From Lada taxi drivers to antique dealers, steelworkers to pastry sellers -- Ukrainians are suffering from the global financial crisis and few expect a multi-billion dollar IMF loan to do much to ease the pain.

Car Repairs on the Rise (KOLR - KSFX Ozarks)

(Springfield, MO) -- The past few months have been bad for many industries. That's especially true for those who sell cars and trucks. The reports are ominous. Car sales fell to the lowest levels in 25 years last month. The industry is in turmoil with layoffs at major American car manufacturers.

AutoNation swings to $1.41 billion 3Q loss (San Francisco Chronicle)

AutoNation Inc. said Thursday it swung to a $1.41 billion loss in the third quarter, with customers finding it increasingly difficult to get a car loan and the overall economy heading south. Fort Lauderdale, Fla.-based AutoNation, the nation's largest...

LOWER LOAN RATES (Erie Times-News)

Recently, the Federal Reserve cut interest rates for the sixth time this year in its efforts to restrain the credit crisis. The move that reduced the rate to 1 percent was a shot in the arm for Wall Street. But what have all these cuts meant for you?

For car dealers, tight credit is fueling a 'catastrophe' (USA Today)

They may be folks you love to hate, but it's hard not to have sympathy for car dealers these days. These business owners are manning the bucket brigades in an auto industry meltdown.

Five-year car "loan" ends in nine-year jail term for China official (People's Daily)

Taking advantage of a public post to borrow something can be considered as taking bribery in China, and an official has been convicted of bribe-taking for "borrowing" a company's car for five years. Chen Xiaoping, former deputy head of the energy and transport division of the provincial development and reform commission in east China's Shandong Province, was recently sentenced to nine years in ...

GMAC Now Officially Requires 700-Plus FICO Score For New Car Loan [Financiapocalypse] (Jalopnik)

The Financiapocalypse continues. We just received a copy of an e-mail that went out at GMAC, the lending arm jointly owned by GM and Cerberus, from Barbara Stokel, GMAC's EVP of North American...

ANALYSIS: Weak credit arm poses sales hurdle (Detroit Free Press)

As automakers deal with the lowest monthly sales since 1983, companies with weak loan and financing affiliates face even larger hurdles than others as they try to lure buyers back into dealerships and overcome low consumer confidence.

Moody's: US auto lenders face weakening market (AP via Yahoo! Finance)

Credit ratings agency Moody's Investors Service said Tuesday the U.S. auto finance sector faces a grim credit outlook into 2009 because of lenders' expanding risk of loan defaults, the deteriorating economy and ongoing credit crisis.

Honda won't offer zero-percent financing in US (The Economic Times)

Honda Motor Co will lower auto loan rates in the United States to help stem a slide in US car sales but will not follow rivals into zero-percent financing, its chief financial officer said on Tuesday.

Taking the Car to Hooverville (Portfolio.com via Yahoo! Finance)

First Takeaway: So the Treasury Department won't be writing out any big checks to General Motors. But it is weighing using the $700 billion Tarp program to include a broader array of financial companies, reports Deborah Solomon of the Wall ...

Auto parts industry seeks U.S. loans (Detroit Free Press)

The U.S. auto parts industry asked the Bush administration Monday to set up a loan-guarantee plan for auto suppliers as part of the $700-billion financial bailout plan, as well as to speed $25 billion in loans for retooling.

Tots in peril in car seats (New York Daily News)

City officials said Thursday that nine out of 10 car seats across the five boroughs are not installed properly and too often lead to tragic deaths like that of 4-year-old Queens girl Jacinda Stevens.

Auto suppliers seek federal loan guarantees (Detroit Free Press)

WASHINGTON â€" The U.S. auto parts industry asked the Bush administration today to set up a loan guarantee plan for auto suppliers as part of the $700-billion financial bailout plan, as well as speed $25 billion in loans for retooling.

Citic Pacific May Issue Shares for $1.5 Billion Loan (Update1) (Bloomberg)

Nov. 3 (Bloomberg) -- Citic Pacific Ltd. , under investigation after predicting a HK$15.5 billion ($2 billion) loss from unauthorized currency bets, said talks with its parent for a standby loan facility may involve a share sale.

Car dealers hit by sales decline, weak economy (Reuters via Yahoo! News)

Auto retailers swung to quarterly losses in the third quarter, beaten down by the decline in U.S. car sales, tight consumer credit, and a weakening U.S. economy as well as hurricane-related damages.

Car industry asks taxpayers to foot the bill for its irresponsibility (Eu Business)

The car industry is asking taxpayers to foot the bill for its irresponsibility and inaction, while continuing to churn out inefficient cars, said Greenpeace following a meeting of European politicians and leading carmakers in Brussels.

Except for car sales, rural Utah towns faring well in poor economy (The Salt Lake Tribune)

RICHFIELD - In times like these, Joe Betar doesn't really like being cast as a barometer of economic tides. He sells Chevys and Dodges at Classic Motors in the central Utah town of Richfield - a postcard of small-town America.

Keep it simple: Vote yes on Issue 5 to lower payday loan rates (The Cleveland Plain Dealer)

Sheryl Harris writes this column in The Plain Dealer on Sundays.Previous columns onlinePLAIN DEALINGA weekly column about consumer affairsThey rarely want to share their names. They're too embarrassed. They didn't have enough money in their pockets. Then they took...

Festive season fails to prop up auto sales (The Hindu)

NEW DELHI: This festive season has so far failed to prop up sales of major auto companies, mainly due to higher loan rates and overall gloomy economic environment. Maruti Suzuki has reported over 8 per cent dip in its passenger car sales, ...

Car Loan Defaults Could Reach Record Numbers (CBS4 Miami)

Home foreclosures are hitting high numbers, but there are also a large number of car loans being defaulted on in these tough times. The vehicle auction company ADESA predicts there will be around 1.9 million repossessed vehicles this year, a new record.  Nonetheless, there's good news for people searching for credit.

Reserve Bank cuts key rates (Navhind Times)

MUMBAI - Paving the way for easing home, car and commercial loan rates, the Reserve Bank of India on Saturday announced steps to pump in an estimated additional Rs 85,000 crore in the system by cutting deposit requirements and key rates, a move that complements the government’s steps to boost economic growth.

EU Carmakers To Press Call For 40 Bln Euro EU Loan (Planet Ark)

BRUSSELS - European carmakers will press their call for an EU loan of 40 billion euros (US$50.98 billion) to help develop greener cars in a meeting with the bloc's executive on Wednesday, their industry association chief said.

TODAY’S MONEY-SAVING TIP: pUT MORE MONEY DOWN ON CAR LOAN FOR BETTER CREDIT TERM (The Citizens' Voice)

â€" STAFF REPORT Banks and finance companies are tightening their standards for borrowers, especially on larger loans with terms of 60 months or more. For those in the market for a new car, plan to put substantial amounts of money down as part of the deal. This will increase your chances of getting a better credit term. With more car loans going into default, fewer people are qualifying for the ...

Car dealers hit by sales decline, weak economy (Washington Post)

DETROIT (Reuters) - Auto retailers swung to quarterly losses in the third quarter, beaten down by the decline in U.S. car sales, tight consumer credit, and a weakening U.S. economy as well as hurricane-related damages.

Car dealerships reeling from economic downturn (Atlanta Journal-Constitution)

One in 30 new-car dealerships will be out of business by the end of the year, with 1,000 more expected to fail in 2009. A dozen of those failed dealerships have Georgia roots. One of the nation's largest Chevrolet dealers, Bill Heard Enterprises, closed 14 of its dealerships, including four metro Atlanta locations, leaving employees and customers dazed and stranded. The disturbing trend shows ...

Judge gives DC transit relief on $43M loan payment (San Francisco Chronicle)

A federal judge has granted temporary relief to the Washington area's transit agency after a Belgian bank threatened to immediately collect $43 million on a loan. KBC Group requested the money following the collapse of insurance giant American International...

Pininfarina to Meet With Creditors on Debt Plan, Sole Reports (Bloomberg)

Oct. 31 (Bloomberg) -- Pininfarina SpA , whose car designs include the Ferrari Testarossa and Alfa Spider, will meet today with creditors and its adviser as it seeks more time to pay back debt of 600 million euros ($762 million), Il Sole 24 Ore reported, without saying where it got the information.

(AFX UK Focus) 2008-10-29 16:41 UPDATE 2-EU backs car industry call for soft loans for R&D (Interactive Investor)

BRUSSELS, Oct 29 (Reuters) - The European Commission on Wednesday backed a call by Europe's carmakers for 40 billion euros ($50.98 billion) in soft loans to help develop cars which meet toughening European Union CO2 emissions targets. "Loan subsidies could be provided via the European Investment Bank," EU Industry Commissioner Guenter Verheugen said after meeting auto industry chief executives ...

Sales at Columbia used-car dealership drop (Columbia Missourian)

COLUMBIAâ€"Six months ago, Ashland Auto Sales was selling 20 to 30 used cars a week. Today, the used-car dealership off Business Loop 70 is selling about half that number, thanks in part to fluctuating gas prices and stricter loan requirements. "In this slow economy we have small profits, and some cars have been here a while, so we are losing some money," said Mohammed Diab, owner of the ...

(AFX UK Focus) 2008-10-29 17:40 UPDATE 3-EU backs car industry call for soft loans (Interactive Investor)

BRUSSELS, Oct 29 (Reuters) - EU Industry Commissioner Guenter Verheugen has backed a call by Europe's carmakers for soft loans to help develop cars which meet toughening European Union CO2 emissions targets. The European Automobile Manufacturers Association (ACEA) wants a 40 billion euros ($51 billion) soft loans package to help it develop EU-required green technologies. "Loan subsidies could be ...

City Loan Now Serving Clients Through Pay Day Advance Locations (GlobeNewswire via Yahoo! Finance)

LONG BEACH, Calif., Oct. 29, 2008 -- City Loan, Inc. , in a drive to increase their product distribution, announced today an alliance in the pay day advance market that is projected to be another strong revenue stream.

(AFX UK Focus) 2008-10-29 11:07 EU carmakers to press call for 40 bln euro EU loan (Interactive Investor)

BRUSSELS, Oct 29 (Reuters) - European carmakers will press their call for an EU loan of 40 billion euros ($50.98 billion) to help develop greener cars in a meeting with the bloc's executive on Wednesday, their industry association chief said.

Sales decline, weak economy hit U.S. car dealers (Reuters via Yahoo! UK & Ireland News)

Auto retailers swung to a quarterly loss in the third quarter, beaten down by the decline in U.S. car sales, tight consumer credit, and a weakening U.S. economy as well as hurricane-related damages.

Examining the technical and sentiment backdrop for an auto-loan company (Schaeffers Research)

The shares of AmeriCredit Corp (ACF: sentiment, chart, options) plummeted this afternoon to a 5-year low, after the U.S. auto-finance company warned that it may not be able to repurchase receivables and forecast higher credit losses, raising liquidity concerns...( Read More )

Allahabad Bank eyes 20% loan growth, 17% rise in deposits in FY'09 (Deepika)

Kolkata, Oct 03 (UNI) Allahabad Bank, one of the forerunners among the country's public sector banks, is eyeing a loan growth of 20 per cent and 17 per cent increase in deposits during the current fiscal.

US Rescue Plan Could Help Auto-Loan Cos - Rep. Barney Frank (Nasdaq)

WASHINGTON -(Dow Jones)- The chairman of the U.S. House Financial Services committee said Friday that ailing auto-loan companies will qualify for aid under the government's $700 billion Wall Street rescue plan.

Subaru Ups Law Enforcement Street Cred With STi Police Car [Subaru STi Police Car] (Jalopnik)

Though not as exotic as last week's Lamborghini Gallardo police car, the Itasca, IL police department has taken possession of a cruiser that's no less unusual: A Subaru WRX STi. The cop Scooby, our...

Consumer Financial Gain From Clean Car Standard (PR Newswire via Yahoo! Finance)

Today, the Consumer Federation of America released an analysis of the benefits to Florida consumers of adopting the California Clean Car Standard that will be filed on behalf of the Florida Consumer Action Network with the Environmental Regulation Commission .

What a $25B auto loan might buy (CNN Money)

President Bush may be set to sign into law $25 billion in low-interest loans to help automakers and auto parts suppliers make fuel-efficient vehicles, but don't expect a rush of new hi-tech ultra-clean cars.

The squeeze on getting a car loan (CNN Money)

A massive pile-up in the credit markets is causing serious congestion for new car buyers who want financing, according to industry observers. But some dealers say they're still able to work out deals.

Auto Review: 2009 Audi A4: A car designed to fit the driver (Market Watch)

Every once in a while over the years you get a test car that just fits right. When you first crawl into it, you have the feeling that this car was made for you.

J.D. Power and Associates Reports: Leveraging Loan Officer Relationships is Key to Providing High Levels of Customer ... (PR Newswire via Yahoo! Finance)

In the current economic situation, improving the relationship between loan officers and mortgage customers is critical to customer satisfaction, according to the J.D. Power and Associates 2008 Primary Mortgage Origination Satisfaction Study released today.

Consumers sometimes need professional help to qualify for a loan (Los Angeles Daily News)

At a time when even a blemish on a credit report can doom a car loan or a line of credit, consumers are flocking to credit repair companies for help in repairing the damage.

BANK THAW ENDING BORROW SORROW (New York Post)

To loan seekers in Manhattan last week, the credit crunch seemed nowhere to be found. Despite reports that bank lending is at a standstill, a collection of banks in New York was willing and able to lend money to qualified borrowers for car, boat...

They've raised the bar if you're after a loan (Independent)

In the midst of a banking crisis, your credit score is king. As loans become harder to obtain and more expensive, consumers can't afford a record of missed repayments or unpaid bills on the files held by the credit reference agencies. A low score will make it tough to secure an advance for a car or house. A high one, on the other hand, could be a passport to the little cheap credit that is ...

GE Money to cut 80 NZ jobs (The New Zealand Herald)

The credit crunch is forcing GE Money to pull back from the home loan and car finance markets - with the loss of 335 jobs. The Australasian financier says the cost of wholesale funds means these businesses are no longer viable.

Despite Tough Credit Market, Car Dealers Offer Deals (FOX 5 Washington D.C.)

The credit market crash is making it nearly impossible to score a loan, especially when it comes to buying a car. But there are still some deals around town right now, and FOX 5's Stacey Cohan says if you think you won't get approved, you might want to think again.

Both sides wage battle in payday loan issue (The Elyria Chronicle-Telegram)

COLUMBUS â€" Ohio’s battle over payday lending is officially on. The issue has qualified for the ballot, and opponents of a law that puts tough restrictions on the payday loan industry have raised $15 million in their campaign to repeal it. They say the law will kill 6,000 jobs statewide and rob economically [...]

Car dealers face a tough month (The Bakersfield Californian)

October's been a scary month for Bakersfield's new car dealers. Spooked by the economy, volatile gas prices and political uncertainty, consumers are turning away from generous sales offers and forgoing a trip to the auto mall. Over the first 23 days of this month, only 700 people applied for car loans at the city's biggest auto lender, Kern Schools Federal Credit Union. That's almost a quarter ...

Mortgage rates falling, but can you get a loan? (WBTV Charlotte)

SALISBURY, NC (WBTV) - Mortgage rates are falling in the US. This week interest rates for 15 and 30 year mortgages dropped to a five week low, that's the good news, the tough part may be getting approved for a mortgage loan.

Economy leaving car dealers in the dust (The Philadelphia Inquirer)

All roads of economic turmoil have intersected these last few weeks at the feet of 63-year-old Tony Costello: Lifelong car salesman, workaholic, holder of an unexpectedly anorexic 401(k) and, now, soon to be unemployed.

GE Money pulling the pin on NZ market (The New Zealand Herald)

GE Money is withdrawing from the home loan, car finance and small business market in New Zealand. The finance company is stopping new mortgage lending and lending on vehicles and will lay off 80 staff, TV3 reported. Existing customers will continue to be serviced.

Economy leaving car dealers in the dust (Philly.com)

All roads of economic turmoil have intersected these last few weeks at the feet of 63-year-old Tony Costello: Lifelong car salesman, workaholic, holder of an unexpectedly anorexic 401(k) and, now, soon to be unemployed.

Seven Ways The Financial Crisis Will Affect Car Buyers [Wheeling And Dealing] (Jalopnik)

The most cliched phrase so far during this financial crisis has been "what happens on Wall Street affects Main Street," and nowhere is this truer than for that large car dealership located on Main...

Credit squeeze hits car sales (Calcutta News)

Retail car sales by the Indian automobile industry have been hit hard by the squeeze on retail financing as banks have stopped hardselling car loans in the current economic climate, say auto industry representatives.

September car sales plunge (The Tennessean)

U.S. auto sales slid 27 percent in September from the same month last year, the industry's worst performance since February 1993, analysts said, and Nissan North America felt more pain than any other car maker.

Where Can I Get a Car Loan? (WMBD - FOX 43 Peoria)

WMBD/WYZZ TV â€" PEORIA -- National news outlets say struggling car dealers are blaming banks for not giving out loans. With less money in accounts, big branch banks are being more cautious about giving out car loans. But how is Central Illinois fairing?

$185.3m paid out in cash-for-car scheme (Channel NewsAsia)

SINGAPORE: The Land Transport Authority (LTA) has so far paid out S$185.3m in cash rebates to motorists who want to scrap their cars. The payout is part of a scheme started in September for motorists to give up their cars for public transport.

US carmakers forced to wait for $25bn 'green' loan (Times Online)

America’s struggling carmakers are to receive a $25 billion (£14.1 billion) loan from the Government to help to fund the cost of making more fuel-efficient vehicles. However, they will have to wait for the money.

Kerkorian’s Ford Exit Sparks Fear of Failures at Big Three (New York Times)

One of the biggest boosters of the American auto industry said Tuesday that he was bailing out of his large stake in the Ford Motor Company â€" a stinging no-confidence vote that raised the anxiety level in this city over the deepening troubles of the Big Three car companies, The New York Times’s Bill Vlasic writes.

A Loan Fit for the Countryside (New York Times)

The Department of Agriculture?s Rural Development Agency, which was established to help to raise the economic standing of those living in outlying communities, is making mortgages at a pace unseen in recent years.

City Loan Reaches Core Customer Base Through Alliance With Pawn Shops (GlobeNewswire via Yahoo! Finance)

LONG BEACH, Calif., Oct. 21, 2008 -- City Loan, Inc. announced today that the company has forged a key relationship with Abes Pawn Shop in Santa Clarita, California. The partnership is intended to increase City Loan's exposure to the market without opening brick and mortar locations and increasing overhead.

Car dealerships facing tough times (Moldova.org)

U.S. automobile dealers report the credit crunch and consumers' switch to fuel-efficient vehicles are cutting sharply into business.Most car dealers were down 30 percent last month, and that is a catastrophe, Ray Ciccolo, owner and chief executive officer of Village Automotive Group told USA Today.The National Automobile Dealers Association said out of 20,000 new car dealerships 61 either closed ...

Money for car loans is still plentiful, local dealers say (The Wichita Eagle)

Public perception drove Roger Scholfield to set the record straight with an ad in Sunday’s Eagle: There’s money available to buy a new or used car in Wichita. “I started having people ask me casually, ‘Gosh, you don’t have any money to loan for a car. I keep hearing on CNBC and CNN that car dealers aren’t doing car loans,’ ” said Scholfield, president of Scholfield Honda in Wichita. ...

Era of easy credit apparently over (The State)

Adrian Clark, a St. Louis-area steamfitter, recently went 10 dealerships looking for a car to commute to a new job. But every one offered a variation: Without $1,000 for a down payment, no loan. “It’s just rough times right now,” Clark said. “Rough times.” For Clark, and for a nation of consumers heavily dependent on credit, there are growing signs those rough times could prove to be more than ...

Auto dealers say credit available, if they can just get buyers through the door (Spartanburg Herald-Journal)

Published: Monday, October 20, 2008 at 3:15 a.m. Last Modified: Monday, October 20, 2008 at 1:34 a.m. Misty Johnson sat patiently in the waiting area of the Farrell Kia showroom as the Spartanburg auto dealer tried to secure a loan at Johnson's desired payment of $450 a month for her new car.

Auto dealers say credit available, but no buyers (Spartanburg Herald-Journal)

Published: Monday, October 20, 2008 at 3:15 a.m. Last Modified: Monday, October 20, 2008 at 7:11 a.m. Misty Johnson sat patiently in the waiting area of the Farrell Kia showroom as the Spartanburg auto dealer tried to secure a loan at Johnson's desired payment of $450 a month for her new car.

UAW rides McCain on car claims (Detroit News)

UAW President Ron Gettelfinger on Sunday once again accused John McCain of less-than-straight talk on the issue of buying American-made cars, after Newsweek magazine reported that the McCains own at least three foreign-made vehicles.

Wall Street Woes Trickle Down To Triad Car Sales (WXII-TV Winston-Salem)

Banks across the country are facing issues with loan repayments, and the trickle-down effect could play a major factor for anyone looking to buy or lease a new or used car in the Triad.

AvtoVAZ seeks state loan to offset weak sales-paper (Reuters via Yahoo! Singapore News)

MOSCOW, Oct 17 (Reuters) - Russia's largest car maker, AvtoVAZ , has asked the state-run VEB bank for a $1 billion loan to compensate for shrinking sales hit by the credit crisis, a Russian newspaper reported on Friday.

Economy Leaving Car Dealers in the Dust (HispanicBusiness.com)

PHILADELPHIA -- All roads of economic turmoil have intersected these last few weeks at the feet of 63-year-old Tony Costello: Lifelong car salesman, workaholic, holder of an unexpectedly anorexic 401(k) and, now, soon to be unemployed.

Consumer Loan Ratings (The Springfield News-Leader)

Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.

Omaha car dealer planning to close in December (Lincoln Journal Star)

OMAHA â€" An Omaha car dealership is going out of business. Lithia Ford in south Omaha has informed the city it will close on Dec. 16. Federal law requires companies with more than 100 employees to provide 60 days notice of their intent to close.

(AFX UK Focus) 2008-10-14 18:28 UPDATE 1-Selldown of Schaeffler's 16.1 bln eur loan on hold (Interactive Investor)

LONDON, Oct 14 (Reuters) - Syndication of the 16.1 billion euros ($21.92 billion) loan backing the bid by ball bearings maker Schaeffler for German car parts manufacturer Continental has been put on hold, senior bankers said on Tuesday.

Honda's hydrogen car is smooth but has hindrances (San Francisco Chronicle)

For years, hydrogen fuel cell vehicles have been the far-off technological bets of the auto industry _ the car that holds the promise of gasoline-free driving. Honda Motor Co. is starting to give a small number of drivers a glimpse into the future. The Honda...

Honda's hydrogen car is smooth but has hindrances (Lexington Herald-Leader)

For years, hydrogen fuel cell vehicles have been the far-off technological bets of the auto industry - the car that holds the promise of gasoline-free driving. Honda Motor Co. is starting to give a small number of drivers a glimpse into the future. The Honda FCX Clarity debuted in July, and the automaker is leasing about 200 of the cars to customers in Southern California during the next ...

Icelanders Sink Under Foreign-Currency Loans as Krona Plunges (Bloomberg)

Oct. 14 (Bloomberg) -- Karl Karlsson, a Reykjavik taxi driver, has canceled his winter vacation. The money he saved is being eaten up by his car loan payment, which has jumped more than 20 percent since June.

Mortgage rates, car loans hit by credit crunch (CBC)

While central banks in many industrialized countries chop short-term interest rates to boost economic growth, what it costs to borrow money to buy a house or a car will likely rise in the coming months.

Councilman looks to crack down on title loan companies (WMCTV Memphis)

In the tough economic times, some people are turning to pay-day loan agencies to make ends meet. But Memphis City Councilman Bill Morrison has a plan to keep them from becoming a fast growing problem.

Need a new car? Hard-to-get money for loans is still out there (Orlando Sentinel)

Question: I really need a new car and have saved up a good down payment, but I'm concerned I won't be able to get financing. Advice would be appreciated, because I really don't want to buy a used car again.

Worried you won't be able to get a new car? Here's some tips for buying, leasing during credit crunch (The Flint Journal)

Flint Journal extras • The average interest rate for a 60-month auto loan on Thursday in Michigan was 6.53 percent, according to Bankrate.com. That means someone with a $22,000 loan for five years would pay $430.76 monthly to pay off...

Sallie Mae Offers Tips, Tools for Successful Student Loan Repayment (Centre Daily Times)

Another important milestone is approaching for last spring's college graduates - at least those who took out student loans. As the end of the six-month, post-school student loan grace period approaches, Sallie Mae offers tips and tools to help newly minted alumni begin student loan repayment and build a healthy credit history.

GM ad blitz to tout car loan options (Sun-Sentinel)

With October auto sales expected to fall short of September's 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can't get a loan.

Tesla's Musk to Lead Electric-Car Maker, Trim Jobs (Update2) (Bloomberg)

Oct. 15 (Bloomberg) -- Tesla Motors Inc. Chairman Elon Musk , the main investor in the electric-car maker, plans to take over as chief executive officer, cut jobs and delay a second model because of the global financial crisis.

PNB cuts home, car loan rates by 0.5% (The Economic Times)

Punjab National Bank (PNB) on Tuesday decided to reduce the interest rates by 50 basis points on housing and car loans, becoming the first lender to announce a rate cut amid series of liquidity injection measures by the Reserve Bank of India (RBI) and the government.

CNN Tells You How to Buy a Car - Even Now (The Auto Channel)

Washington DC October 7, 2008; The AIADA newsletter reported that auto dealers are hungry for customers: Worried consumers are putting off buying big-ticket items, and buyers on the market are finding it harder to get a loan.

EU carmakers call for 40-billion-euro loan package (EARTHtimes.org)

Brussels - Europe's carmakers Monday asked governments to provide them with a 40-billion-euro (54-billion-dollar) loan and to approve an incentives scheme for the scrapping of old vehicles to help them develop more environmentally-friendly vehicles a...

EU car loan call puts spotlight on CO2 costs (Environmental News Network)

Reuters, 10 October 2008 - European car makers are probably using their call for 40 billion euros ($55 billion) of loans from the European Union to develop green vehicles as a lever to enter talks with the regulator regarding CO2 legislation, analysts say.

Accused 'wanted loan to fund plot' (ic Lanarkshire)

An alleged terrorist plotter wanted a bank loan to fund car bomb attacks in Glasgow and London, a court has heard. Bilal Abdulla, 29, considered loans, Isas and credit cards as a means of bankrolling the plan, a jury was told.

No way out of student loan trouble (Santa Fe New Mexican)

Photo: Lora Ladd, 22, of Seattle found out the hard way that college student loans can become an unmanageable burden. After she failed to make payments on a $30,000 loan, her debt grew to $52,000, with a payment load of nearly $700 a month.

Valley National bucks trend, stays in auto loan market (The Record)

Valley National Bank remains committed to automobile lending, even as some lenders are pulling away from the increasingly risky business. "We are not cutting back,'' said Chief Executive Officer Gerald Lipkin on Monday in a phone interview. "We are making car loans."

Cars For Girls: THE IN'S & OUT'S OF CO-SIGNING A CAR LOAN (The Auto Channel)

An unfortunate thing about being a teenager or a young adult is you're just not always taken very seriously. So attempting to make important decisions, like buying or what's also called financing a car, can be a difficult road to navigate.

Obama in Toledo: Double loan guarantee for U.S. automakers (Detroit News)

TOLEDO -- Barack Obama's top economic adviser signaled Monday that an Obama administration might step in to prevent the failure of one of the three domestic carmakers, and called on Congress to double the $25 billion loan-guarantee package for car companies it passed last month.

Squeeze hits car loans; Local dealers say funds available for good credit (The Pantagraph)

The era of easy auto loans is skidding to a halt. Mortgages were among the first consumer products to be hit by the credit-market freeze. Now car loans and leases are drying up as dealers, auto-finance companies and other lenders are having trouble finding money to lend to car buyers.

Credit Crunch Has Lenders Tightening Loan Qualifications (FOX 5 News Atlanta)

ATLANTA (MyFOX ATLANTA) â€" The credit crunch that has arisen out of the foreclosure crisis is affecting many Georgians. It's now much tougher to get a loan with anything less than a perfect credit score. So, what qualifies as good credit now?

Auto industry given $25 million loan for hybrid production (Central Michigan Life)

The U.S. House of Representatives approved $25 million in loans last month to help auto industries produce advanced car batteries as well as work on gas-electric hybrid vehicles. The goal of the loan is not only to help stimulate the economy but to help protect the environment as well.

EU Car Loan Call Puts Spotlight on CO2 Costs (Planet Ark)

PARIS - European car makers are probably using their call for 40 billion euros (US$55 billion) of loans from the European Union to develop green vehicles as a lever to enter talks with the regulator regarding CO2 legislation, analysts say.

Mortgage last loan people pay, study finds (San Francisco Chronicle)

Behind the mortgage crisis lurks some consumer behavior that, at first glance at least, seems puzzling. When faced with the possibility of falling behind on home loans, credit card payments or car loans, borrowers are more likely to choose to let their...

Car loan crunch squeezes customers and dealers (Miami Herald)

If your credit is less than perfect, good luck getting a car loan in South Florida. Like mortgages and business loans, car loans and leases have shriveled up as the paralyzed credit market awaits the effects of a $700 billion bailout. Both customers and carmakers are being squeezed, with crippled giants GM and Chrysler discussing a merger.

Bad Credit? Times will be tough to get loans (FOX 10 Phoenix)

If you don't have amazing credit, it's going to difficult to get almost any type of loan. From education to a new car loan, times are tough. FOX 10's Jayme King and Alexis Vance report.

GM Accepts Loan Package; Building New Plant in Flint (Washington Post)

FLINT, Mich., Sept. 25 -- General Motors CEO G. Richard Wagoner Jr. said Thursday that the automaker should be able to put to good use its portion of a $25 billion government loan package for new technology.

Democrats want pay limits, loan aid in bailout (San Francisco Chronicle)

Judges could rewrite mortgages to lower bankrupt homeowners' monthly payments as part of changes congressional Democrats are seeking in the Bush administration's propoed $700 billion financial system bailout. Also, companies that unloaded their bad assets on...

Car buyers looking for loans It's not as easy to get financing for vehicles in the current financial crisis, but it's ... (Yakima Herald-Republic)

Yakima Valley residents who want to purchase a new or used car will be able finance their purchase if they have a decent credit record. Make that a great credit record and a decent down payment.

Getting a loan is harder, but it's not impossible (KETK 56 Tyler)

EAST TEXAS-Many East Texans are now trying to save instead of spend. But for those who do spend, sometimes taking out a loan can help cover the bill. But is being approved for a loan harder now than it was before the economy took a nosedive?

El Pasoans still getting car loans, mortgages (El Paso Times)

EL PASO -- The national credit crisis that may be keeping people from obtaining car loans and mortgage loans is not affecting El Paso, in part because the city's real estate market remains healthy, and because locally owned credit unions are not tied to Wall Street.

Regions cancels auto dealer loan program (Knoxville News Sentinel)

A bank with a large presence in East Tennessee has stopped outsourcing its auto loan process to car dealers. Birmingham, Ala.-based Regions Financial Corp. has eliminated loan programs offered to at least 2,600 dealerships across the nation, in which dealerships pre-authorized loans from the bank, according to published reports.

Car Goes Off the Road & Into Barn; Ignites Fire (R News)

A car accident led to a fire in a large Mendon barn early Friday morning. Firefighters say a woman was driving her car south on route 65 when she lost control at a curve. The car went off the road and in a barn. The impact ignited a fire inside the barn.

Time May Be Running Out for Car Loans (WROC Rochester)

If you're thinking about buying a car, or have applied within the last 60 to 90 days for a car loan, you need to make a decision now. Credit experts say those loans could vanish at any moment.

ECONOMY ON EDGE: Car loan fears clobber U.S. auto stocks (Detroit Free Press)

U.S. auto stocks sank to historic lows Wednesday, as investor fears about credit availability and the weakening global economy combined to produce a stunning sell-off of Ford Motor Co., General Motors Corp. and dozens of other auto stocks.

Asking Questions: Can I Still Get A Car Loan? (CBS 13 Sacramento)

Getting a loan for most of us is more difficult now compared to just a few weeks ago. Car dealerships say it could be tough to get a car loan unless you have the right credit.

Car loan fears clobber U.S. auto stocks (Detroit Free Press)

U.S. auto stocks sank to historic lows Wednesday, as investor fears about credit availability and the weakening global economy combined to produce a stunning sell-off of Ford Motor Co., General Motors Corp. and dozens of other auto stocks.

Loose Change: Don't get overloaded with car debt (Fort Worth Star-Telegram)

Auto repossessions are at a 10-year high, and many Americans are struggling to keep up a car loan they may not be able to afford. Dara Duguay, director of Citi’s Office of Financial Education, offers this advice to help consumers maneuver the car-buying experience:

PRESS RELEASE: Fitch On European RV Sales In Auto Industry (Nasdaq)

Fitch Ratings-London/Paris/Frankfurt-08 October 2008: Fitch Ratings say residual value (RV) risk in European auto loan and lease transactions may be impacted by adverse developments in the auto industry, such as higher fuel prices and falling car sales.

Why car title loans are a bad idea (CNN)

Cash advances are not a new concept in America's brand of capitalism. Many people have seen the commercials with some guy barking out, "Bad credit, no credit, no problem!" Or, "Don't worry about credit, I own the bank!"

Small Car Dealers Hurt by Sluggish Economy (WBOC Salisbury)

LEWES , Del.- Normally, Harry Sheing sees 20 to 30 customers a day at his Lewes car dealership. By lunchtime Monday, which is normally his busiest work day, he had only seen one. He has seen car sales drop significantly at his lot over the past six months.

Chrysler plans to sell electric car in 2010 (New York Daily News)

Chrysler said Tuesday it will put an electric car on sale in North America in 2010, revealing that it is neck and neck with GM in the race to put a mass-produced electric vehicle on America's roads.

How to buy a car - even now (CNN Money)

Auto dealers are hungry for customers: Worried consumers are putting off buying big-ticket items, and buyers on the market are finding it harder to get a loan. So if your credit is solid, now is a great time to say, Let's make a deal.

US Auto Loan Delinquencies On The Rise; $25 Billion Past-Due Study (Nasdaq)

DETROIT -(Dow Jones)- Auto loan delinquencies are on the rise as cash-strapped Americans increasingly struggle to repay car and truck loans, according to a study out Monday, the latest sign that the nation's economic woes are bleeding into the automotive finance business.

Credit crisis adds to car dealers' worries (Provo Daily Herald)

NEW YORK -- Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about whether they'll keep their jobs, be able to pay for gas, or qualify for a car loan.

Auto dealers take a blow as Wall Street loses footing (The Nashua Telegraph)

In his 24 years in the car business, finance manager Cheikh Dieng has never worked this hard. Getting loan approvals for customers with good credit used to be so easy, Dieng barely had to call the bank before drafting the paperwork. ... - By ASHLEY SMITH and KAREN LOVETT Staff Writers

George Monbiot: Green subsidy for car makers is disguised corporate bail-out (Guardian Unlimited)

While all eyes were fixed on the banking bail-out, a bucketload of public money was quietly sloshed into the pockets of another undeserving cause. Last week, George Bush agreed to lend $25bn to US car manufacturers. It's a soft loan, which will cost the government $7.5bn. Few people noticed; fewer fought it. The House of Representatives approved the measure by 370 votes to 58. The great ...

Financing puts brakes on car dealers (Chicago Tribune)

NEW YORK (AP) _ Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about whether they'll keep their jobs, be able to pay for gas, or qualify for a car loan.

Credit-worthy borrowers OK (New Haven Register)

Good job, good credit, no problem! Despite weeks of incessantly negative news about the nation’s economy, stock prices jerking violently up and down and lenders seeming to have gone into hiding, consumers who want to buy a car or a house should be able to get a loan, as long as they have a job and a good credit score, say those whose livelihood depends on a vibrant credit market.

Rising finance costs threaten to put the brakes on car dealers struggling to stay profitable (Minneapolis-St. Paul Star Tribune)

NEW YORK - Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about whether they'll keep their jobs, be able to pay for gas, or qualify for a car loan.

Credit crisis adds to pressures on auto dealers (Lexington Herald-Leader)

Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about whether they'll keep their jobs, be able to pay for gas, or qualify for a car loan. For auto dealers already suffering under the worst U.S. sales downturn in 15 years, the increasing cost ...

Student, car debt quietly added to bailout plan (The Washington Times)

In the dark of a night when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other "troubled" assets held by banks.

Credit squeeze hits car sales (New Kerala)

By Varada Bhat, Mumbai, Oct 5: Retail car sales by the Indian automobile industry have been hit hard by the squeeze on retail financing as banks have stopped hardselling car loans in the current economic climate, say auto industry representatives.

GM unveils Volt electric car (Autonet.ca)

General Motors Corp. chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said turmoil in financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles.

Tight Credit Crimps New Car Sales (Channel 8 San Diego)

Stocks are bouncing back after an historic slide, but the credit markets are still suffering. That's making it hard for anyone shopping for a new car to secure a loan. Stricter borrowing rules are affecting local dealerships.

In Hard Times, Higher-End Items Get Pawned (NPR)

Business is up at the Silver Lining Jewelry and Loan in Portland, Ore. Customers are selling everything from jewelry to television sets. The Oregonian newspaper reports that a woman even pawned her diamond wedding ring to help pay for gas and car parts.

Credit crisis adds to pressures on car dealers (Bradenton Herald)

NEW YORK â€" Hundreds of thousands of new cars and trucks that would have quickly made their way to people’s driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about whether they’ll keep their jobs, be able to pay for gas, or qualify for a car loan.

Credit Crunch Makes Securing A Car Loan Tough (Channel 8 San Diego)

Stocks are bouncing back after an historic slide, but the credit markets are still suffering. That's making it hard for anyone shopping for a new car to secure a loan. Stricter borrowing rules are affecting local dealerships.

Credit Crunch Hitting Car Dealers, Car Buyers (KLAS Las Vegas)

The financial crisis is hitting lenders hard and making it difficult for buyers to be approved for a loan, especially when it comes to cars. Denied loans mean fewer car sales even though there are some good deals.

Analysts say auto industry loans must come quickly (AP via Yahoo! Finance)

If credit remains locked up and auto sales continue to slump, the federal government's $25 billion loan package for the auto industry could be a huge help in keeping Detroit's downtrodden automakers afloat, according to lawmakers and industry analysts.

Arizona, Ohio payday loan battleground states (Tucson Citizen)

COLUMBUS, Ohio â€" The payday loan industry is bankrolling ballot issue campaigns in Ohio and Arizona to preserve the average 391 percent annual interest rates they charge, as the two states become the focus of industry watchers and consumer advocates.

Credit crisis: Car dealers squeezed from all sides (CNNMoney.com via Yahoo! Finance)

If you want to see how America's credit crisis is hitting the streets of your hometown, go to your local car dealer. Auto dealers depend on credit. They need it to run their stores and their customers need it to buy their products.

Car loans hard to come by, forcing used car salesman to make adjustments (49 ABC News Topeka)

The credit crunch is halting loans, putting a dent in U.S. car sales. Last month, sales dropped nearly 27%. 49 News Reporter Marshanna Hester explains what one used car salesman is doing to fight the financial crisis and what you can do if you're in the market for a car loan.

Wilson: Loan plan necessary (The Times Leader)

U.S. REP. Charlie Wilson (D-18th) was in Bridgeport Wednesday, explaining his stance on the latest proposal to loan hundreds of billions of dollars to financial institutions, saying the loans are necessary to keep small businesses open and to keep lines of credit available for consumers.

Credit mess may dent car-loan hopes (Akron Beacon Journal)

The credit crunch that's rocked stock markets can affect your ability to get a car loan and what you pay. Auto dealers say loans are tougher to get, but are still available. They also say the leasing business that began changing a year ago is still suffering.

Car dealers face the grim reaper (CNN Money)

If you want to see how America's credit crisis is hitting the streets of your hometown, go to your local car dealer. Auto dealers depend on credit. They need it to run their stores and their customers need it to buy their products. From every angle, credit trouble hurts.

First Cash ends used-car venture (Fort Worth Star-Telegram)

By JIM FUQUAY First Cash Financial Services of Arlington said Tuesday that it will end a two-year venture into the used-car sales and finance business, a move that will produce an after-tax write-down of $52.5 million in the third quarter just ended. First Cash, whose principal business is its chain of more than 500 pawnshops and consumer lending stores, had previously reported that its Auto ...

The Difference Between a Loan and a Bailout (Blogcritics.org)

There's a huge difference between a loan and a bailout. Drowned out by the din of Beltway big shots and Wall Street haggling over their financial package this weekend, Congress managed do something constructive. They passed a $25 billion loan package to the Big Three on Saturday. The automakers are going to use the money to retool existing factories for the production of fuel efficient ...

(AFX UK Focus) 2008-10-01 12:27 UPDATE 1-French Sept new car sales up 8.4 pct (Interactive Investor)

PARIS, Oct 1 (Reuters) - French new passenger car sales rose 8.4 percent in September over the same month last year for rise of 3.4 percent in the first nine months of the year, defying a downturn in the rest of Europe amid consumer tax breaks, carmakers said on Thursday. The rise represents a turnaround after a 7 percent drop in August but still equates to a 1.4 percent fall from September last ...

On Your Side: Getting a Loan (KNVN Chico-Redding)

How does the financial crisis effec your chances of getting a home or car loan. Action News reporter Owen Clark sat down with Tri Counties Bank C.E.O. Rick Smith to answer come crucial credit questions and to figure out where he thinks the credit market is heading.

How hard is it to get a car loan in East Texas? KLTV 7's Courtney Lane finds out (KLTV 7 Tyler)

Some of you may be in the market for a new car that gets better gas mileage. However, the financial crisis may have you feeling a little discouraged. So, we wanted to know how difficult it is for you to get a car loan right now.

Ahead of the Bell: Car makers and govt. loans (AP via Yahoo! Finance)

Passage of a $25 billion government loan program on Saturday should be good news for auto stocks, but concerns remain that continued tight credit for auto loans will hamper the sector's sales and earnings for the rest of the year.

Timing critical in lifeline to car industry (Fort Wayne Journal Gazette)

DETROIT â€" If credit remains locked up and auto sales continue to slump, the federal government’s $25 billion loan package for the auto industry could be a huge help in keeping Detroit’s downtrodden automakers afloat, according to lawmakers and industry analysts.

Nigeria: Bayelsa AC Tasks Sylva Over Proposed $10 Billion Development Fund (AllAfrica.com)

Bayelsa leaders of the Action Congress (AC), weekend challenged the administration of Governor Timipre Sylva to explain the reasons for its decision to shop for a $10billion loan few months after the procurement of a N75billion loan from five banks without the existence of completed projects in the state.

ProLease Vehicle Leasing Helps Battered Houston Economy - Houston Car Leasing Company Thrives Amidst Down Economy and ... (PRWeb via Yahoo! News)

Recent news headlines have announced that banks and credit unions have stopped funding auto leases, including Wells Fargo & Co. one of the largest financial backers of car leases last year. Many auto manufacturers have followed suit, including an announcement from Chrysler last month saying they have stopped offering auto leases all together.

Senate Approves $25B Loan, Fortunes Improve For U.S. Automakers (The Car Connection)

On Saturday, one half of our bicameral legislature, the U.S. Senate, passed the $25 billion low-interest loan guarantee package to the struggling U.S. auto giants. To recap, this money is largely desired by and designed for Ford, General Motors, and Chrysler, who have been hit especially hard by declining sales of their full ..

Hank's last stand (CNN Money)

On Sept. 11 of this year, an eerie morning stillness envelops lower Manhattan as a deep-blue Mercedes sedan pulls up alongside the state courthouse building on the outskirts of Chinatown. A spry, gray-haired man in a dark suit emerges from the car. He strides to a back entrance, too preoccupied to notice the small cluster of elderly Chinese Americans doing tai chi.

What was your most memorable pro bono case? (BizJournals)

Quick call to the bank fixed problem Bernard Faller, private practice attorney “An elderly lady with limited education, who never held a driver’s license, thought she co-signed a note for her grandson’s purchase of a car,” said Faller. But instead, the dealership “put the car in her name and charged her $37,000 for a used car worth $16,000 that could be purchased new for $22,000.”

Chrysler plans to sell electric car in 2010 (AP via Yahoo! News)

Chrysler LLC charged up the electric car race Tuesday, muscling in on General Motors Corp.'s Chevrolet Volt by unveiling three electric-powered models and promising to put one of them on sale in the U.S. sometime in 2010.

Two men arrested in Naugatuck bank robbery (Republican-American)

NAUGATUCK -- A Naugatuck Valley Savings and Loan branch on New Haven Road was robbed at gunpoint early Monday afternoon, and two New Haven men were arrested after a high-speed car chase from Naugatuck to Seymour on Route 8.

Schaeffler May Have to Shoulder EU10 Billion Loan, Paper Says (Bloomberg)

Sept. 25 (Bloomberg) -- Schaeffler Group, the family-owned ball-bearing maker buying Continental AG , may have to take on loans of more than 10 billion euros ($14.6 billion) for the acquisition of about 90 percent of the car-parts manufacturer's stock, Financial Times Deutschland said.

All eyes on payday lending struggle in Ohio, Ariz. (Washington Post)

COLUMBUS, Ohio -- The payday loan industry is bankrolling ballot issue campaigns in Ohio and Arizona to preserve the average 391 percent annual interest rates they charge, as the two states become the focus of industry watchers and consumer advocates.

Credit Crunch Affects Car Loans (KMGH 7 Denver)

Lenders are tightening their pursestrings, crunching the credit of consumers before they can get a loan. This not only puts consumers in a bind but it's also particularly tough on dealerships that find themselves with quite a bit of inventory.

THE $700-BILLION PLAN: Auto lenders push to add car loan debts to bailout (Detroit Free Press)

WASHINGTON -- The auto lending industry jumped into the debate Tuesday over a $700-billion bailout for the U.S. financial market, warning that car loans could be choked off should lawmakers fail to restore the flow of money through Wall Street.

Wall Street woes trounce car sales (The Press-Enterprise)

DETROIT - The troubles on Wall Street are clobbering the car lot on Main Street, with automakers and dealers saying tougher credit requirements are knocking potential buyers out of the market at a time when the struggling industry can least afford it.

Chrysler plans to sell electric car in 2010 (San Francisco Chronicle)

Chrysler LLC charged up the electric car race Tuesday, muscling in on General Motors Corp.'s Chevrolet Volt by unveiling three electric-powered models and promising to put one of them on sale in the United States sometime in 2010. The company showed reporters...

Sales slow for local car dealers as economy tumbles (WWL-TV, Channel 4 New Orleans)

Longtime Picayune car dealer Dub Herring says, he hasn't seen a slump in car sales like this one, since the late 70s. "It lasted for about six months all together. But this one has just fell off the cliff, and it hasn't come back yet,” said Herring.

Economic Problems Hurting Car Dealers, Buyers (FOX 5 News Atlanta)

ATLANTA (MyFOX Atlanta) -- The economic problems are hurting both car dealers and car buyers. The upheaval in the banking industry means even if you're ready and willing to buy -- it's a lot harder to get a loan to finance the purchase.

GM executive praises federal loan program (Denver Post)

General Motors Corp. chief executive Rick Wagoner said Thursday that the automaker should be able to put to good use its portion of a $25 billion government loan package for new technology. Wagoner said many of the loan program's specifics still must be written by the Department of Energy, but GM can live with the version the House approved Wednesday. "We'd like to see them written to include ...

Bailout talk: Car-buyer loans, aid for automotive credit industry (Detroit Free Press)

WASHINGTON -- Loans for car buyers -- and aid for the automotive credit industry -- joined the debate today over a $700-billion bailout for the U.S. financial market, as lawmakers grappled to define the scope of the problem and how they should react.

Chrysler Says US Goverment Loans Needed To Speed-up Auto Technologies (The Auto Channel)

AUBURN HILLS, Mich., Sept 23, 2008; Kevin Krolicki reporting for Reuters wrote that Chrysler LLC Chief Executive Bob Nardelli said on Tuesday that without a low-cost government loan package, the automaker would be forced to cut costs more deeply to free up funds for electric car technology.

Loan sharks’ actions push mum to sever ties with gambler (The Star)

IPOH: She gave him everything she could -- a car and even a shoplot to start his coffee-shop business. But 70-year-old Lai Kim Fah’s love for her second youngest child Tai Lum Poh ended when Ah Longs (loan sharks) started to harass her over his debts.

Rising National Debt Looms In Graduates' Financial Future (CBS News)

Once she graduates, it may be difficult for Megan Culbreth, a junior in biochemistry, to get a loan. That's a loan for college or for a car or even a mortgage on a house. And it's all due to a debt that the United States has racked up over the years -- a debt that, with a downturn in the financial sector of Wall Street, has brought into question America's ability to repay its debt.

House approves $25 billion loan program for automakers (USA Today)

The auto industry moved a step closer to winning the first of two battles it's been waging in Washington for the past few weeks: A $25 billion direct loan program for automakers and suppliers was attached to a broad government spending bill approved Wednesday by the House of Representatives.

Chrysler sparks up electric car race (The New Zealand Herald)

MICHIGAN - Chrysler said it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it is neck and neck with General Motors in the race to put a mass-produced electric vehicle on American roads.

Chrysler plans electric car for 2010 (Traverse City Record-Eagle)

Chrysler LLC said Tuesday it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it is neck and neck with General Motors Corp. in the race to put a mass-produced electric vehicle on America's roads.

Chrysler Plugs Into Electric Car Market (The Tampa Tribune)

Chrysler LLC said Tuesday it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it is neck and neck with General Motors Corp. in the race to put a mass-produced electric vehicle on America's roads.

Chrysler plans to sell electric car in 2010 (Detroit News)

Chrysler LLC said today it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it is neck and neck with General Motors Corp. in the race to put a mass-produced electric vehicle on America's roads.

Chrysler plans to sell electric car in 2010 (Washington Post)

AUBURN HILLS, Mich. -- Chrysler LLC said Tuesday it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it is neck and neck with General Motors Corp. in the race to put a mass-produced electric vehicle on America's roads.

Chrysler plans to sell electric car in 2010 (AP via Yahoo! Finance)

Chrysler LLC said Tuesday it will put an electric car on sale in North America in 2010, revealing that despite missing out on the buzz surrounding the Chevrolet Volt, it is neck and neck with General Motors Corp. in the race to put a mass-produced electric vehicle on America's roads.

Iowa sends few FEMA loan applications (The Daily Iowan)

Although the summer flood affected homeowners, renters, and businesses in nearly 85 percent of Iowa's counties, residents are showing little interest in support loans from Federal Emergency Management Agency. As of last week, only 11 percent of the 24,725 loan applications sent to homeowners and renters across Iowa were returned and accepted, FEMA spokesman Vince Clark said. Of the 7,055 ...

GM calls loan guarantees vital (The Globe and Mail)

The credit crisis roiling Wall Street makes the $25-billion (U.S.) loan package for U.S. auto makers even more critical than it was a month ago, says Ray Young, chief financial officer of General Motors Corp.

Recent PhotoVotes (Fox 12 Oregon)

80% of strokes are preventable. Understand risk factors and how manage if you’ve had a stroke. More Just because your credit isn’t perfect doesn’t mean you can’t get a new car. Find out how you can get a great loan on the car you want today.

After federal plan, lending will still be tight in Central Valley (Merced Sun-Star)

Developers are scrambling to find lenders, car loans are harder to get, home equity lines are being frozen and cash for small-business loans is drying up. And Friday's news that the Bush administration has a plan to suck bad debt out of the loan industry isn't likely to radically change the Valley's lending landscape.

GM formally unveils Volt electric-powered car (Houston Chronicle)

General Motors Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car today and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles.

Three Injured in Caledonia Car Crash (R News)

Three people were seriously injured in a car accident early Sunday morning. It happened on Middle Road in Caledonia just before 2 a.m. Livingston County Sheriff's deputies say Salina Youngjohn, 19, of Caledonia, was driving too fast to negotiate a turn and struck a tree.

GM unveils Volt on company's 100th anniversary (San Francisco Chronicle)

General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech...

GM unveils Volt on company's 100th anniversary (AP via Yahoo! News)

General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles.

Consumer Loan Rates (The Springfield News-Leader)

Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.

GM unveils electric car for 100th anniversary (Asbury Park Press)

General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Monday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech cars.

GM unwraps Volt :Electric car will go 40 miles on charge before gas engine kicks in. (South Bend Tribune)

DETROIT -- General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car earlier this week and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles.

Resist urge to cash out your 401(k) (The Scranton Times-Tribune)

Never cash out your 401(k) when you change jobs, no matter how tempting it may be to take the money and use it toward your car loan, mortgage or credit card balance. If you do, be prepared to pay stiff taxes and penalties, not to mention working longer.

TODAY’S MONEY-SAVING TIP: DON’T CASH OUT YOUR 401(k) (The Citizens' Voice)

â€" FROM STAFF REPORTS Never cash out your 401(k) when you change jobs, no matter how tempting it may be to take the money and use it toward your car loan, mortgage or credit card balance. If you do, be prepared to pay stiff taxes and penalties, not to mention working longer.

GM unveils e-car Volt on 100th anniversary (GMA News)

DETROIT - General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in financial markets should not affect government loan guarantees that would help the US auto industry develop high-tech cars.

GM reveals electric car (Knoxville News Sentinel)

DETROIT - General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles.

GM's Wagoner unveils electric Chevy Volt, says financial tumult shouldn't hurt loan guarantees (Minneapolis-St. Paul Star Tribune)

DETROIT - General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech cars.

Economy Makes it Tough To Get Car, Home Loans (KESQ Palm Springs)

The nationwide economic crisis and tumbles on wall street is hitting the American consumer right in the wallet. As we found out, it's making it more difficult for regular folks to get a loan, whether it's to buy a house, or a car.

Car scam investigated (The Post and Courier)

SUMMERVILLE â€" Troy Benton wanted a new car. He got a financial mess. The 65-year-old retiree is one of several people who have complained to Summerville police about Old Towne Auto Sales, a local dealership. Instead of a new car, Benton said he still has his old pickup. And he appears to be on the hook for nearly $40,000 in loans and liens.

Cars.com Offers Advice for Consumers Still Interested in Leasing a Car (Centre Daily Times)

In recent months, many manufacturers have announced they are cutting back on the car-leasing business or getting out of it altogether. Instead of asking the question, "Should I lease my next car?" many consumers are asking, "Can I lease my next car?"

Any auto company bail out must come with strings attached (St. Louis Post-Dispatch)

Any auto company bail out must come with strings attached I agree with the analysis in the editorial "A $50 billion car loan" (Sept. 12) that a federal guarantee is necessary to avoid further economic losses to the automakers, the workers, the communities and the nation.

GM unveils electric car at its centennial (The Indianapolis Star)

DETROIT -- General Motors Corp. Chairman and Chief Executive Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech cars.

Automakers downshift on loan requests (USA Today)

U.S. automakers have decided to back down from the drive to get $50 billion in loan guarantees from the federal government and are focused on persuading Washington to appropriate the money needed to back the $25 billion in loans promised in last year's energy bill.

Automakers scale back loan plans to $25B promised them (USA Today)

U.S. automakers have decided to back down from the drive to get $50 billion in loan guarantees from the federal government and are focused on persuading Washington to appropriate the money needed to back the $25 billion in loans promised in last year's energy bill.

Council approves loan for city projects (Mt. Vernon Register-News)

MT. VERNON â€" The City Council approved a financing quote from People’s National Bank to purchase various equipment and vehicles and a $120,000 revolving loan for an Idaho company to open a manufacturing facility in the King City during its regular meeting on Monday night.

BM unveils new electric car Volt (Sioux City Journal)

DETROIT (AP) -- On its 100th anniversary, General Motors workers cheered as the company revealed the electric-powered car intended to make GM a vehicle technology leader. But after all the hoopla surrounding the Chevrolet Volt, executives also say a government loan package and access to credit are important parts of GM's next century.

GM shows off Volt, its electric car (Wisconsin State Journal)

DETROIT â€" General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles. Speaking to reporters at GM's 100th anniversary celebration, Wagoner said the $25 billion in loans were approved last year ...

GM's next century riding on more than Chevy Volt (AP via Yahoo! News)

On its 100th anniversary, General Motors workers cheered as the company revealed the electric-powered car intended to make GM a vehicle technology leader. But after all the hoopla surrounding the Chevrolet Volt, executives also say a government loan package and access to credit are important parts of GM's next century.

GM charges into second hundred years with electric Volt (Chicago Tribune)

Say financial meltdown should not affect federal loans General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech cars.

Kenya: Chager Triumphs in Nanyuki Rally (AllAfrica.com)

For the second time in as many years, Triton Petroleum-sponsored Baldev Chager was too good for his rivals during the KCB Easy Pay Loan Rally in Nanyuki on Saturday.

Q&A: Banking turmoil creates ripple effect (The State)

Answers to some consumer questions: How do the banking-sector problems affect me? Problems in the banking sector spill into the broader economy. As these complex Wall Street investments sour, banks need to keep more capital on hand to assure investors they can weather future losses from loan portfolios. That means banks are playing defense. If you want a business loan, a car loan, a home loan, ...

New York Will Allow A.I.G. to Loan Itself $20 Billion (New York Times)

Gov. David Paterson of New York said on Monday that the state will allow the American International Group to lend itself $20 billion to bolster its capital as it faces potentially disastrous credit downgrades.

Car makers’ handout is insulting to many (BizJournals)

Ford, General Motors and Chrysler were teetering when this year’s oil price spike laid bare their fatal weakness â€" that they produce cars no one wants when it takes a loan to fill the gas tank.

GKN to Buy Airbus Wing Plant for 136 Million Pounds (Update2) (Bloomberg.com)

Sept. 15 (Bloomberg) -- GKN Plc , the U.K. maker of car parts and aircraft components, agreed to buy a factory from Airbus SAS to bolster its position as a primary contractor to the world's biggest maker of commercial airliners.

Ex-car salesman pleads guilty to theft for handling of loan (The Sharon Herald)

A former car salesman at the former Stupka Motors in Hermitage has pleaded guilty to a charge of theft for his handling of a loan. Jeffrey A. Teaberry, 52, of 259 N. Buhl Farm Drive, Hermitage, also must pay $125 restitution.

HEELS ON WHEELS: MONEY-SAVING CAR TIPS FOR WOMEN (The Auto Channel)

Saving money on cars is a road with many twists and turns, but we've complied a variety of tips to get you started. Whether you are buying new, used, or trying to make the most out of your current wheels, these money-saving car tips are designed to keep your car budget out of the red.

Housing, car loans growing for Metrobank (Philippine Daily Inquirer)

METROPOLITAN BANK AND TRUST CO., the country’s largest bank, has reported a faster-than-expected growth in housing and car loans in the first eight months, suggesting a robust contribution from consumer lending for the rest of the year.

Todd Ossenfort: Soldier might be able to cut car-loan rate (Arizona Daily Star)

Q I bought a car for $15,000 and my interest rate runs me 18 percent. I didn't think it was that bad because I am a first-time buyer. I am wondering what is the best way to drop that interest rate FAST?

'Nothing stays the same' is the motto at UND's school of aerospace (Grand Forks Herald)

Driving a car can get old. Flying never does. It gives you a sense of reaching out, according to Michael Morgen, a junior at the John D. Odegard School of Aerospace Sciences at UND. Advertisement: Bank of North Dakota North Dakota's #1 Student Loan Source! START HERE for answers to your questions about which loan is right for you. Bank of North Dakota is a student loan lender you can ...

DA puts brakes on alleged car scam (The Brownsville Herald)

The Cameron County District Attorney's office and other law enforcement agencies have cracked a fraudulent car scheme involving the owners of three local used car lots, investigators said Friday.

Automakers to Seek More Money for Retooling Vehicle Plants (The Hendersonville Times-News)

The steep decline in vehicle sales and rapid shift in the market to smaller cars has prompted three automakers to seek a significant increase in a government loan program.

Nigeria: Gov Yuguda Approves N200 Million Car Loans for Workers (AllAfrica.com)

Governor Isa Yuguda of Bauchi State has approved the disbursement of N200 million as car loans to the state civil servants as part of measures to ease their transportation problems.

Official Car Pundit Drinking Game: Begging For Billions Edition [Official Car Pundit Drinking Game] (Jalopnik)

Time to fire up your Friday afternoon flasks again for the Official Car Pundit Drinking Game as CNBC has asked the boss to gab about the proposed Federal loan guarantees for the big domestic...

Getting released as loan co-signer can be tough (The Plain Dealer)

Teresa Dixon Murray writes this column in The Plain Dealer on Saturdays. To reach her:moneymatters@plaind.com or 216-999-5263. She cannot assist everyone who contacts her. Previous columns onlineMONEY MATTERSA weekly column about personal financeQ: I co-signed on an auto loan for...

Q & A: Auto loans could speed retooling (Detroit Free Press)

WASHINGTON -- The auto loan package before Congress could save Detroit's automakers billions of dollars and speed their ability to refit factories for hybrids and other fuel-saving models that customers want and regulators demand.

Firefighters Rescue Man, Remove Car From Pond (R News)

Firefighters rescued a man after his car went into the pond early Friday morning in Penfield. Police say a man was driving on Atlantic Avenue near the intersection of Baird Road around 12-30 a.m. when he lost control of his vehicle. It then skidded off the road and went into a nearby pond.

Automakers to Seek More Money for Retooling Vehicle Plants (New York Times)

The steep decline in vehicle sales and rapid shift in the market to smaller cars has prompted three automakers to seek a significant increase in a government loan program.

Where do gas taxes really go? (The News & Observer)

The News & Observer reported last week that the state Department of Transportation is suffering as drivers cut spending on two big sources of DOT taxes: gas and car sales.

Car company loans boom as other lenders shun borrowers (Independent)

The number of consumers taking out car loans from vehicle dealerships has rocketed over the past year, as other lenders have raised both their interest rates and rejection rates.

New Survey: Americans Lack Basic Knowledge of Their Auto Loan Interest Rate (Business Wire via Yahoo! Finance)

MCLEAN, Va.----According to a new survey from Capital One Financial Corporation , a surprising number of Americans who currently have auto loans do not know the interest rate they are paying on their loan.

Car Discounts Updated Daily at NADAguides.com (PR Newswire via Yahoo! Finance)

A wealth of manufacturer-to-consumer new car incentives and rebates are being offered right now, not only to move 2008 inventory for newly-arrived 2009 makes and models, but also to sell larger vehicle inventory in light of high gas prices.

5 Reasons to Buy a New Car (The Motley Fool via Yahoo! News)

In a previous column, we pointed out several reasons to consider buying a used car instead of a new one. For many Fools, used cars are a tremendous value purchase. But there certainly are benefits to buying new, benefits that go well beyond that new-car smell.

Police Car Stolen During Traffic Stop (Fox 12 Oregon)

MONMOUTH, Ore. -- A Monmouth man stole a police patrol car and led officers on a chase through town Tuesday, police said. Authorities said Keoki Rosimo, 19, revved the engine and took off in an officer's patrol car after the officer had gotten out of the car during a traffic stop.

Adieu, Appelsínudropar (Iceland Review)

Björgólfur Gudmundsson and his son Björgólfur Thor Björgólfsson have decided to take on the responsibility of a loan taken by the buyers of XL Leisure Group, if shipping company Eimskip will run into trouble because of it.

Developer seeks loan from county (The Lake County Record-Bee)

LAKE COUNTY-- sewer application for a mini-mart, an agreement to lease office space for county Child Support Services and a shift of responsibility for the county's participation in the Lake County Clean Water Program were on the Lake County Board of Supervisors Tuesday agenda.

Cuomo Warns of College Loan Market (R News)

New York's attorney general calls it a dangerous place that preys on our young people; he speaks of the private college loan market. Now that New York has passed a law protecting students from banks who payoff schools to get kids' business, Andrew Cuomo is educating the public.

3:35 p.m. - Consumer Car Buying Alert (KARK Little Rock)

Attorney General Dustin McDaniel on Friday issued this consumer alert to provide Arkansans with tips on how to get the most bang for their buck when buying a car.

Matteson car dealer closes its doors (SouthtownStar)

A bank is taking over a Matteson auto dealership, which last week closed its doors, but some customers say they're still out money on recent car purchases. Fifth Third Bank submitted the apparent winning bid for the assets of Matteson Imports, which sold Isuzu, Kia and Volkswagen vehicles and filed for bankruptcy four months ago.

Business Briefing (Seattle Post-Intelligencer)

Cell Therapeutics faces Nasdaq delisting ... Clipper Seafoods adds to fishing fleet with acquisition ... Falling car-loan demand slows consumer borrowing ... Judge rejects plea deal in Broadcom stock options case ... South Korean regulator calls for caution in Lehman deal ... plus shipping news.

America's Car-Mart 1Q Profit Up (Arkansas Business)

America's Car-Mart Inc. of Bentonville on Thursday reported a net income of $5.3 million, or 45 cents a share, compared to $2.1 million, or 18 cents a share, for the same time last year.

Business 'booming' for repossession industry as owners default on car-loan payments (The Press-Enterprise)

With soaring oil and gas prices, record home foreclosures and the cost of just about everything else rising, it seems times are tough for everyone. Except maybe the repo man.

Metro searching for cash loan thieves (KVBC Las Vegas)

A daring robbery is caught on tape. Two men walk into a cash loan business and order an employee to open the safe. Tuesday, Metro released video of the holdup.

World's cheapest car comes at a high price for West Bengal's farming classes (Guardian Unlimited)

When Sushen Santra walked out of his home last week, no one else knew that those steps would be his last. A few hours later, his eldest son found the retired labourer's dead body curled next to an empty pesticide bottle.

Buying or leasing car depends on your situation (Garden City Observer)

Dear Rick: I know you have addressed this issue in the past, but I need help. I don't know whether I should buy or lease a car. If I buy the car it will cost about $150 a month more than leasing it. I generally keep a car five-10 years and I drive anywhere from 8,000-10,000 miles a year. The salesperson is pushing me to lease. What do you think?

Schaeffler Wins Continental With EU12.1 Billion Bid (Update3) (Bloomberg.com)

Aug. 21 (Bloomberg) -- Schaeffler Group won control of Continental AG with a sweetened bid that values the German tiremaker at 12.1 billion euros ($17.9 billion) and creates the world's largest car-parts manufacturer.

Buying or leasing car depends on your situation (Farmington Observer)

Dear Rick: I know you have addressed this issue in the past, but I need help. I don't know whether I should buy or lease a car. If I buy the car it will cost about $150 a month more than leasing it. I generally keep a car five-10 years and I drive anywhere from 8,000-10,000 miles a year. The salesperson is pushing me to lease. What do you think?

New Chrysler executive James Press tries to jump-start the troubled auto company (Los Angeles Times)

After 37 years at Toyota Motor Corp., during which time he rose to the top job in North America, James E. Press shocked the car world by jumping to Chrysler last year.

Thai Kiatnakin plans up to 4 bln baht in bonds-funds (Reuters via Yahoo! Malaysia News)

BANGKOK, Sept 3 (Reuters) - Kiatnakin Bank , Thailand's third-biggest car-loan company, will sell bonds in two tranches worth up to 4 billion baht ($117 million) to fund loan expansion, fund managers said on Wednesday.

Money Panel: Home loan better than 403b variety (The Salinas Californian)

QUESTION: In October 2007 I took out a loan from my 403b for $50,000 at 9.25 percent interest. The repayment is through payroll deduction at $462 every two weeks for five years. The loan payments are repaying my 403b plan, including interest, with after-tax dollars. But I understood the repayment would come from pre-tax dollars, because the payments go back into my 403b account. In fact, the ...

Thai Kiatnakin plans up to 4 bln baht in bonds-funds (Reuters via Yahoo! Singapore News)

BANGKOK, Sept 3 (Reuters) - Kiatnakin Bank , Thailand's third-biggest car-loan company, will sell bonds in two tranches worth up to 4 billion baht ($117 million) to fund loan expansion, fund managers said on Wednesday.

Brazil's Car Sales Grow at Slowest Pace in Two Years (Update2) (Bloomberg.com)

Sept. 4 (Bloomberg) -- Brazilian domestic vehicle sales grew in August at the slowest pace in almost two years as central bank increases in interest rates this year boosted car-loan costs, sapping demand.

Brazil's Car Sales Grow at Slowest Pace in Two Years (Update3) (Bloomberg.com)

Sept. 4 (Bloomberg) -- Brazilian domestic vehicle sales grew in August at the slowest pace in almost two years as central bank increases in interest rates this year boosted car-loan costs, sapping demand.

GM Brazil Car Sales Growth to Slow on Credit Costs (Update1) (Bloomberg.com)

Sept. 1 (Bloomberg) -- General Motors Corp. , the world's largest carmaker, expects sales growth in Brazil to slow by at least two-thirds in the remainder of the year as consumer financing costs rise.

Customer's complaint about car loan launches fraud probe, deputies say (The Greenville News)

Two men who worked for a Simpsonville finance company are facing criminal charges after a customer's complaint about overpaying on a car loan helped launch a broader investigation that uncovered more than $31,000 in missing funds, authorities say.

Car sales collapse by almost a fifth as loan drought and fuel rises bite (Independent)

Confirmation that consumer confidence and spending on "big-ticket" items is testing new lows came yesterday with the release of the latest figures on new cars sales. The Society of Motor Manufacturers (SMMT) reported an 18.6 per cent annual decline in sales in August, with sales to private buyers rather than the fleets down by a massive 23.6 per cent.

"Drive It Now" - Car Payment Advertising for Online Auctions, Classifieds and Dealer Websites (Centre Daily Times)

Automobile Consumer Services, Inc. (ACS), announced today, a new service that gives vehicle sellers who list their cars on eBay, classifieds, and their own websites, the ability to quote competitive loan and lease payments with the "Drive It Now" advertising banner button.

US Car Sales Slide Continues (Australasian Investment Review via Yahoo!7 Finance)

While our car sales fell sharply last month in the US car sales were again very weak last month, despite the drop in oil and petrol prices. In fact it was a replay of the sales slumps seen from May onwards which forced General Motors, Ford, Chrysler and Toyota to slash production and restructure their sales mix for coming years to try and arrest the terrible slide. Those changes have already ...

Banks lap up MFIs' farm loans (Business Standard India)

Move helps lenders meet agri-lending targets, boosts micro-finance institutions' CAR. Private banks are increasingly buying the farm loan portfolio of micro-finance institutions (MFIs) in an attempt to meet the agriculture sector lending targets.

Canceling lines of credit comes with rules (Contra Costa Times)

An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan.

DA: landlord admits to using tenant’s personal info for car loan (Queens Courier)

An Astoria landlord has been charged with stealing the identity of one of his tenants in order to obtain a $32,000 car loan and to open a credit card account that incurred more than $20,000 in debts, including bills for his telephone and EZ Pass.

Car lease deals getting scarce as Big Three pulls out (Bankrate.com)

It's getting harder to find a car to lease these days. Chrysler's financial arm recently pulled out of the car leasing business, and Ford Motor Credit, GMAC and many large banks also have announced pullbacks.

Fraud seen in loan program at UCSD (San Diego Union-Tribune)

LA JOLLA â€" At least 13 percent of emergency loans granted through a special program for UC San Diego employees were based in part on fraudulent documents, according to a campus audit that looked at lending over a one-year period.

Consumer Reports Analysis: Buying a Late Model Used Car Can Save Thousands Over the First Five Years (The Auto Channel)

YONKERS, NY - September 3, 2008: A new Consumer Reports study of owner costs shows that choosing a reliable three-year-old car instead of a new one can save drivers thousands of dollars over the first five years. In many cases, that's enough to pay for all the gas used during that time.

Newly-arrived Filipina teacher dies in Maryland car crash (ABS-CBNNEWS.com)

FORT WASHINGTON, MARYLAND - She arrived in America August 22 filled with hope and expectation of the "American Dream". Barely a week later, Filipina teacher Erlinda Camitan Leuterio â€" Ellen to friends â€" was dead, killed in a fatal car crash on a lonely Maryland back-road.

Lending networks help fill a need (The Indianapolis Star)

WASHINGTON -- Steve Lubs was looking to get rid of his $8,000 in credit-card debt, but the high interest rate had him bogged down. He tried getting a bank loan to pay off the balance but couldn't find one with an interest rate lower than 12 percent.

Brother, can you spare a loan? (Denver Post)

Steve Lubs was looking to get rid of his $8,000 in credit card debt, but his high interest rate had him bogged down. He tried getting a loan through a bank to pay off the balance but couldn't find one with an interest rate lower than 12 percent.

Death’s cousin: White to mate in two (Muskogee Phoenix)

“I want to die in my sleep like my grandfather . . . not yelling and screaming like the passengers in his car,” quips comedian William Shriner. In this week’s position black’s king figuratively dies in his sleep. With this hint in mind please try to find how white mates in two.

Drive A Deal On Your New Car Purchase (The Motley Fool)

For many of us, buying a car is the second most expensive purchase we make in our lives, and yet all too often we end up paying over the odds for our new set of wheels.

Utilise your mortgage (rediff.com)

The home is a valuable asset that most home owners acquire over time. Trading it for cash with a mortgage can be a less expensive way to avail of a loan, but it should not be used lightly.

Schaeffler Wins Continental With EU12.1 Billion Bid (Update1) (Bloomberg.com)

Aug. 21 (Bloomberg) -- Schaeffler Group won control of Continental AG with a sweetened bid that values the German tiremaker at 12.1 billion euros ($17.9 billion) and creates the world's largest car-parts group.

Nobel laureate unveils loan for poor Indian heart patients (Calcutta News)

Bangladeshi Nobel laureate Muhammad Yunis Tuesday launched a novel loan scheme of the State Bank of India (SBI) for cardiac treatment of poor patients at Narayana Hrudayalaya health city here.

Man claims car-jacking at gunpoint, police doubt him (Calcutta News)

A man claims that he was robbed off his car at gunpoint in central Delhi, the police said Wednesday but added that they would verify the authenticity of the complaint.

Credit scores can secure a loan, but what figures do lenders use? (Modesto Bee)

When a teenager gets his or her SAT scores, everyone knows that the same numbers are sent to colleges. And companies that sell credit scores claim lenders use the numbers to decide whether to lend someone money and at what interest rate.

That student loan, so hard to shake (The Palm Beach Post)

Most people struggling to pay off their student loans keep quiet about it. They do not want to acknowledge that, perhaps in a fit of naive, youthful optimism, they borrowed more than they could handle.

Bypass the credit jam and drive loan costs down (Independent)

This week, new cars will roll off forecourts up and down the country as the 58 registration is introduced. And despite endless warnings about the dire effects of the credit crunch, much of this spending will be financed through credit.

How to drive a hard bargain on car finance (Sunday Herald)

are revving up for a rush of motorists who are keen to buy a car with the new "58"registration plate tomorrow. September is a busy month for showrooms - about 20% of cars sold each year are bought next month.

Cocaine Stash Found In Unmarked Cop Car (WSB-TV 2 Atlanta)

Police in Providence, R.I., say an unmarked car that officers had been driving for several years came with a surprise -- a half-pound of cocaine hidden behind the radio.

Cocaine Stash Found In Unmarked Cop Car (WFTV 9 Orlando)

Police in Providence, R.I., say an unmarked car that officers had been driving for several years came with a surprise -- a half-pound of cocaine hidden behind the radio.

6 facts about your home loan (rediff.com)

What should you do in such a situation? Here are a few things that every home loan borrower must remember now that home loan rates are expected to increase further.

Car loan to unlicensed drivers can be costly (Japan Update)

Okinawa police are cracking down on individuals who loan their vehicles or motorcycles to unlicensed drivers. It’s an illegal practice, but police say many drivers aren’t aware of it.

Encouraging purchase of green cars (News 14 Carolina)

RALEIGH -- A Raleigh-based credit union plans to expand the types of cars that qualify for its green loan program. Next month, the State Employees Credit Union will begin using vehicle mileage to decide if a car is eligible for a lower-interest rate loan.

LOHAN UNC SENT TO JAIL (New York Post)

Paul Sullivan, 50, had pleaded guilty in April 2006 to one count of mail fraud. He scored a $650,000 loan from the Small Business Administration after claiming his car business with the UN went bust after 9/11. But instead of paying off all...

Buying better than leasing a car (Contra Costa Times)

WASHINGTON -- Is auto leasing really dead? Oh, I so hope so. But, alas, that question was just a headline on a news release from the National Vehicle Leasing Association.

Banks to get Rs.250 bn to meet farm loan waiver costs (SiliconIndia)

New Delhi:The government will give Rs.25,000 crore (Rs.250 billion) to banks to help them make up the loss incurred on account of farm loan waiver, said a senior official Wednesday.

Trusting a car dealer to pay off your loan can be risky business (The Weekly)

ATLANTA, GA (August 28, 2008) - Thinking about trading in a car that you still owe money on? Think very carefully, because buying a car when you haven’t paid off the loan on your current vehicle can put you in serious financial jeopardy.

Madigan lawsuit targets car dealers (SouthtownStar)

Two Orland Park new-car dealerships foisted a sales promotion on Chicago-area consumers by scaring them into thinking their vehicles were part of a government recall, Illinois Attorney General Lisa Madigan said Wednesday.

Government loan program isn't expected to save Fenton minivan plant (St. Louis Post-Dispatch)

Automakers are interested in tapping billions of dollars in low-interest government loans to retool plants for hybrids and other fuel-efficient vehicles, but analysts are skeptical whether any of the money could stave off closure of Chrysler's Fenton minivan plant.

CARZ4GIRLZ VEHICLE REVIEW: 2008 HONDA CIVIC HYBRID (The Auto Channel)

The Honda Civic isn't a car you should have any trouble talking your parents into buying (or at least co-signing on a loan...come on Dad, you know you want to).

Woman should buy new car separate from her husband (Detroit News)

Q . We are thinking of buying a new car. Would it build my credit if I apply for a car loan separately instead of doing a joint application for the loan?

Dollars & Sense: DIY credit protection (Savannah Morning News)

We've all seen the commercials. A guy mugging for the camera strums a guitar and sings about how he can't get a good job or a loan for a car or a house because he's a victim of identity theft. Or the one where the president of a fraud detection company gives out his Social Security number to prove that his company will keep your personal information safe.

Car show canceled for this year (The Eagle-Tribune)

ATKINSON â€" Anyone anticipating the annual car show in Atkinson on Labor Day weekend will have to wait another year. The event will not be held this year, due to construction in the area of the fire station.

Using credit cards to pay loans, bills attracts interest (Miami Herald)

With more Americans struggling to pay for basic living expenses, a small but growing segment of the finance industry is encouraging consumers to pay their mortgages, car notes, student loans - and even alimony - online by credit card.

Soaking up the fair (Boston Globe)

It's country fair time, which means I have to go to the ATM. I have to take out a home equity loan every year to spend an afternoon at the Marshfield Fair. The carnies bleed money out of my kids.

Banco do Brasil Puts Car Loans, Growth in High Gear (Update3) (Bloomberg.com)

The bank, majority-owned by the Brazilian government, was jolted in 2005 when peers including Banco Bradesco SA , the biggest privately held lender, took advantage of the country's booming economy to boost lending 29 percent, almost double the increase at Brasilia-based Banco do Brasil.

Car title loan practices alarm officials (Midland Reporter-Telegram)

A Midland woman's nightmarish experience with a car title loan company has led District Attorney Teresa Clingman and Sen. Kel Seliger to question state consumer credit regulations that allow the strong arm collection of more than 300 percent of a loan's original value.

Banco do Brasil Puts Car Loans, Growth in High Gear (Update2) (Bloomberg.com)

The bank, majority-owned by the Brazilian government, was jolted in 2005 when peers including Banco Bradesco SA , the biggest privately held lender, took advantage of the country's booming economy to boost lending 29 percent, almost double the increase at Brasilia-based Banco do Brasil.

Local car dealership offers new incentives (Madison Daily Leader)

As U.S. car buyers shift away from leasing to more purchasing, Prostrollo Motor Company announced new incentives being offered in August , including up to 40 percent off MSRP on eligible models, to make the monthly payments for purchasing a vehicle with a loan more affordable.

Violent armed robber slams female clerk's head at loan shop (KGW NewsChannel 8 Portland)

HAZEL DELL, Wash. â€"- A violent armed robber injured a female clerk at a payday loan shop Monday and got away with a bag of cash, authorities said. The robber walked into a Hazel Dell Check In To Cash business at 2:40 p.m. and told the clerk, "Give me all your money."

Links We Like (Fox 12 Oregon)

Treating depression doesn’t always involve heavy meds and hours of therapy. Some natural treatments work! See which ones are best. More Just because your credit isn’t perfect doesn’t mean you can’t get a new car. Find out how you can get a great loan on the car you want today.

ROWLAND: Press what number to get rid of phone pest? (The Washington Times)

When I answer the phone, I get a recording that says my manufacturer's car warranty is about to expire and that I should not let that happen. Press "1" to speak to a representative, press "2" to stop the calls. I pressed "2," but I still get the calls about once a month. ... I don't even own a car.

Using credit cards to pay loans, bills attracts interest (Lexington Herald-Leader)

With more Americans struggling to pay for basic living expenses, a small but growing segment of the finance industry is encouraging consumers to pay their mortgages, car notes, student loans - and even alimony - online by credit card. Those who pay their card charges in full each month may find that the practice provides a slew of card incentives while buying extra time to come up with the ...

Frugal Family Challenge: Can these parents trim expenses? (USA Today)

Most of us know we should save more, shop less and live within our means. But temptations to spend beckon to us everywhere. Fact is, millions of American families have saved little or nothing for retirement, college or emergencies.

'Black diamonds' feel the credit crunch (Cape Argus)

Thembi Motaung, a manager at a South African legal firm, faced a painful choice when she started to fall behind in meeting hefty loan repayments on both her home and car.

Chrysler says it will end leasing next week (Belleville News-Democrat)

Chrysler LLC will stop issuing new car and truck leases next week through its financial arm and instead turn its resources to financing loans for customers, it told surprised dealers Friday.

ICRA downgrades ICICI Bank’s car loan pool (The Economic Times)

Ratings agency ICRA has downgraded ratings assigned to some of the securitised car loan products of ICICI Bank. The ratings have been downgraded by 1-2 notches on the back of higher delinquencies.

JANICE ANN ROWE 8/17: My first ride in 'smart car' (The Lufkin Daily News)

Jennifer Jeffrey, daughter of Lisa and Wayne Haglund and Kenneth and Liz Jeffrey, married Darin Bell in Crested Butte, Colo., on Aug. 2. Liz Jeffrey reported the wedding was absolutely beautiful held outside with the beautiful setting of the mountains all around. The grass was green and the wildflowers were pretty. The wedding was held at 5 p.m. with a reception at the Country Club to follow. ...

Metairie man admits Katrina fraud (New Orleans Times-Picayune)

A Metairie man faces up to 20 years in prison after admitting Wednesday that he defrauded the Small Business Administration by using Katrina home-repair loans to buy a new car, boat and house.

Firefighter on edge after bomb put in his car (Foster's Daily Democrat)

DOVER â€" The South Berwick, Maine, firefighter who found a device resembling a bomb in his car Saturday, says he's relieved to know it was "fake," but is on edge over its intent.

Repossessed car, trucks spiraling up (Belleville News-Democrat)

In the middle of the night, the diesel rumble of Steve Mozingo and Brandon Taylor's trucks prompts excuses for why the car payment is past due and driveway pleas for more time.

Committee agrees to allow developer to 'catch up' on Newcomb Hotel loan payments (Quincy Herald-Whig)

Quincy's Revolving Loan Committee has accepted a proposal to let developer Victor Horowitz "catch up" on the four overdue loan payments he owes the city on his $500,000 loan for the Newcomb Hotel.

Pollution, fuel costs among worries as more Chinese own cars (Dallas Morning News)

SHANGHAI â€" For 26-year-old bachelor Yin Guangzi, owning a car is about the status. "It's very important for face," he said as he browsed a Volkswagen showroom. "Your car is your second sweetheart."

Fort Wayne electric car company expanding, acquiring (Indiana's NewsCenter)

FORT WAYNE, Ind. (July 31, 2008)â€"Electric Vehicles, Inc. (EVI) President Jerry Medlin today announced EVI’s acquisition of Odessa, Missouri-based Lafayette County Car Company, LLC, a manufacturer and wholesaler of low-speed electric cars.

Altoona loan guarantee to company linked to jobs (Leader-Telegram)

ALTOONA - The City Council agreed to more than double a loan to Curt Manufacturing to aid a business expansion, but some strings were attached. In a 5-0 vote, with William Spangler absent, the council agreed Thursday night to increase Altoona's loan to the truck hitch manufacturer by $100,000.

Man claims car-jacking at gunpoint, police doubt him (New Kerala)

New Delhi, Aug 13: A man claims that he was robbed off his car at gunpoint in central Delhi, the police said Wednesday but added that they would verify the authenticity of the complaint.

‘Black diamonds’ take brunt of credit crunch (Daily Dispatch)

THEMBI Motaung, a manager at a South African legal firm, faced a painful choice when she started to fall behind in meeting her hefty loan repayments on both her home and her car.

Ex-worker took $237G from Mountain Lakes contractors, police say (Asbury Park Press)

A former employee of a Mountain Lakes building contracting company has been charged with stealing $237,286 from the firm to pay her credit card debts and car loan. Union resident Vilma Bello, 28, was charged Tuesday by a borough police detective with two counts each of theft and forgery, according to criminal complaints made public Wednesday. Bello was able to post $175,000 bail Wednesday to be ...

SAfrica's black middle class feels pinch of credit crunch (AFP via Yahoo! News)

Thembi Motaung, a manager at a South African legal firm, faced a painful choice when she started to fall behind in meeting her hefty loan repayments on both her home and her car.

Hudson City stays cool under credit pressure (The Star-Ledger)

Hudson City Bancorp chief executive Ron Hermance, who built the company into the largest U.S. savings and loan amid a worldwide credit crunch, said the current crisis isn't the worst he's seen.

Car loan: Signed a 'surrender letter'? (rediff.com)

Among the many documents that you sign when you take a car loan could also be a 'surrender letter' -- a document that declared you a defaulter even before the loan is sanctioned.

Pointer Reveals Continuous, Consecutive Growth in Revenues and Profits Raises 2008 Guidance: Revenue to $76M From $65M ... (The Auto Channel)

ROSH HAAYIN, Israel, August 13 -- Pointer Telocation Ltd. (Nasdaq Capital Market: PNTR, Tel-Aviv Stock Exchange: PNTR) - a leading provider of Automatic Vehicle Location (AVL) technology, stolen vehicle retrieval services, fleet management, car & driver safety, public safety, vehicle security, asset management and road side assistance, announced today its financial results for the first six ...

Economy hinders car leases (Richmond Times-Dispatch)

Leasing, once a way for car dealers, customers and manufacturers to all get a decent deal, is the latest victim of an economic downturn that is bringing the auto industry to its knees.

BPI Family expects rise in car loans (Manila Standard Today)

The Ayala-controlled BPI Family Bank, the country’s biggest thrift bank, expects to sustain growth in car loans in the next two to three months, despite a declining trend that started in April due to high oil prices.

Expert: Justin Harelik (Bankrate.com)

Dear Bankruptcy Adviser, My Chapter 7 bankruptcy was discharged last year. My auto loan (balance about $2,000) on a 2000 Dodge Intrepid was listed as reaffirmed, but we never did reaffirm. On my credit report it shows the balance of my loan as written off; I still have the vehicle.

Are you late on your loan payments? Talk to us (The Journal News)

Missing the car payment to pay the mortgage this month? Or, holding off on a credit card payment to pay for daycare? The number of past-due loans is rising. If you are behind on your loan payments, we'd like to talk to you about what many people in the Lower Hudson Valley are experiencing.

The Clanton Advertiser (Clanton Advertiser)

As U.S. car buyers shift away from leasing to more purchasing, Stokes Chrysler Co announced that in August it will offer new incentives, including up to 40 percent off MSRP on eligible models, to make the monthly payments for purchasing a vehicle with a loan more affordable.

Business Briefs: Tuesday, August 12, 2008 (The Oklahoman)

NATION Banks tighten lending standards WASHINGTON â€" More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy. The Federal Reserve said Monday the percentage of banks reporting tighter lending standards rose across various loan types in its July survey. In April, the central bank had ...

M'sian banks to announce auto-loan restructuring plans (Asia News Network)

Malaysian finance companies are resorting to restructuring car loan repayments to help ease the burden of heavy financial commitments on customers. At least three major banks will announce their hire-purchase loan restructuring plans soon.

Three strategies to help get good deal on new car (Akron Beacon Journal)

With the economy stumbling and prices high at the gas pump, it might be a good time to buy a new car. From Kiplinger.com, here are three strategies for getting a good deal:

Car 'fled' DUI checkpoint (Rocky Mountain News)

The 22-year-old driver of a Subaru Impreza that crashed early Saturday - killing himself and two passengers and critically injuring another passenger - took off from a DUI checkpoint only minutes earlier, Denver police said Sunday.

BVFR Inks $2.5MM Deal with Maryland Car Dealer (PRWeb via Yahoo! News)

BVFR & Associates is proud to announce their new partnership with Vehicles by Ron, Inc. for their latest project, a $2.5 million debt refinance and working capital raise for a used car dealership based in Manchester, MD.

Reliance Capital raises home loan rate by 0.5% (The Hindu)

NEW DELHI: Taking cue from large banks like PNB, ICICI Bank and Axis Bank, Anil Ambani-led Reliance Capital also has increased its lending rates on property loans by 0.50 per cent to 14.25 per cent from August 1.