Tuesday, October 7, 2008

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.

Monday, October 6, 2008

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.