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2011-02-24 06:30:00

DETROIT, Feb. 24, 2011 /PRNewswire/ -- General Motors Company (NYSE: GM) today announced its calendar year 2010 results marked by $4.7 billion of net income attributable to common stockholders for its first full year of operations. Revenue for the calendar year was $135.6 billion. Automotive cash flow from operating activities was $6.6 billion and automotive free cash flow was $2.4 billion, both reflecting the impact of a $4.0 billion voluntary cash contribution to the company's U.S....

2011-02-16 11:41:00

DALLAS, Feb. 16, 2011 /PRNewswire/ -- The purchase and financing of an average-priced new vehicle took 23.2 weeks of median family income in the fourth quarter of 2010, an improvement in affordability of 0.5 weeks. Consumers on average spent $700 less (a decline of 3 percent) on a new car in the fourth quarter. At the same time, the cost of financing a new car increased as the average interest rate on car loans rose 0.5 percent. The third quarter reading was revised down 0.1 weeks to...

2011-02-15 11:01:00

NEW YORK, Feb. 14, 2011 /PRNewswire/ -- When shopping around for a new car, most people have to finance their new vehicle. Calculating your budget before stepping into a dealership showroom can save you time and money. See video from Ally Financial at: http://inr.synapticdigital.com/Ally/FinancialCalculator/ New online banking tools, like Ally Financial's payment estimator, make it easy for shoppers to figure out how much they can afford. For example, a good benchmark is that the total...

2011-02-14 17:32:00

NEW YORK, Feb. 14, 2011 /PRNewswire/ -- When shopping around for a new car, most people have to finance their new vehicle. Calculating your budget before stepping into a dealership showroom can save you time and money. See video from Ally Bank at: http://inr.synapticdigital.com/Ally/FinancialCalculator/ New online banking tools, like Ally Bank's payment estimator, make it easy for shoppers to figure out how much they can afford. For example, a good benchmark is that the total vehicle...

2011-02-04 12:58:00

DETROIT, Feb. 4, 2011 /PRNewswire/ -- Ally Financial has financed more consumer new vehicle purchases in the U.S. than any other lender during 2010, according to AutoCount data by Experian Automotive. In 2010, Ally financed more than 803,000 new vehicle purchases, resulting in nearly $23 billion in consumer retail contracts in the U.S. This represents an approximately 60 percent increase in new vehicle originations compared to 2009. "Ally accounted for one in every eight new vehicle...

2011-02-03 05:00:00

SAN FRANCISCO, Feb. 3, 2011 /PRNewswire-USNewswire/ -- The National Automobile Dealers Association (NADA) announced today that Ally Financial will utilize vehicle pricing information from the NADA Used Car Guide when underwriting consumer auto contracts in 38 states. The change is effective immediately. (Logo: http://photos.prnewswire.com/prnh/20110203/DC41745LOGO) Ally Executive Vice President of North American Operations Tim Russi said the move is designed to help dealers sell more used...

2011-01-31 06:00:00

AUBURN HILLS, Mich., Jan. 31, 2011 /PRNewswire/ -- Net Revenues in Q4 2010 of $10.8 billion; total year 2010 Net Revenues of $41.9 billion Modified Operating Profit(a) of $198 million in Q4 2010; total year 2010 Modified Operating Profit of $763 million exceeded recently revised guidance Modified EBITDA(b) of $882 million in Q4 2010 (8.2 percent of Net Revenues); total year 2010 Modified EBITDA was $3,461 million Net Loss of $199 million in Q4 2010; total year Net Loss was $652...

2011-01-26 15:09:00

DETROIT, Jan. 26, 2011 /PRNewswire/ -- Madison Theatre Building LLC, a new partnership formed by Dan Gilbert, Founder and Chairman of Detroit-based Quicken Loans Inc., announced it has completed the purchase of the historic Madison Building, located at 1555 Broadway Street in downtown Detroit. The building was originally designed by architect C. Howard Crane and constructed in 1917 as part of the Madison Theater complex. The building will be converted to an exciting, open, colorful space...

2011-01-11 08:00:00

RESTON, Va., MINNEAPOLIS and IOWA CITY, Iowa, Jan. 11, 2011 /PRNewswire/ -- The Graduate Management Admission Council, Pearson VUE and ACT, today announced an extension of their partnership to develop and administer the Graduate Management Admission Test (GMAT), which is accepted at nearly 5000 graduate management programs and is the leading test for admissions to business schools and management programs worldwide. The three organizations have extended their service agreement through...

2011-01-10 08:18:00

AUBURN HILLS, Mich., Jan. 10, 2011 /PRNewswire/ -- Chrysler Group today announced that Fiat's ownership interest in the Company has increased from 20 percent to 25 percent upon the Company's achievement of the first of three performance-related milestones. As outlined in its June 10, 2009 Operating Agreement, Chrysler Group issued an irrevocable commitment letter to the U.S. Treasury stating that the Company has received the appropriate governmental approvals and will begin commercial...


Word of the Day
cenobite
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.
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