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Latest GMAC Stories

2011-01-04 10:38:00

SAN ANTONIO, TX, Jan. 4 /PRNewswire-FirstCall/ - The company announced today that management has entered into an initial agreement with a financier to provide an operating LOC for business operations of up to $150k. A second round of financing could also lead to a more significant term sheet which is currently being negotiated for a 3 year period to aggressively market the company's services. The funds provided will allow for an increase in inventory and lower costs by eliminating...

2010-12-29 02:10:00

SCOTTSDALE, Ariz., Dec. 29, 2010 /PRNewswire/ -- Industry experts on Remington Capital Radio are providing Remington Capital Affiliate Partners with "a well-lit roadmap to predictable improvements in commercial real estate sales and income - even in down markets." "These one-hour live weekly radio interviews with industry experts, authors and newsmakers are worth their weight in gold," according to Andy Bogdanoff, chairman of Remington Capital. Bogdanoff is host of the weekly business...

2010-12-23 14:14:00

DETROIT, Dec. 23, 2010 /PRNewswire/ -- Three page one stories from the December 27 issue of Automotive News are previewed below. Automotive News Reporter David Barkholz writes that when UAW President Bob King launches the union's organizing drive of Asian and German automakers next month, he is counting on help from his friends. Civil rights leader Jesse Jackson said last week that he was eager to hear from King on how his Rainbow PUSH coalition can serve the cause. The organization...

2010-12-20 10:00:00

AMSTERDAM, Dec. 20, 2010 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap", NYSE: AER) today announced that it had entered into several debt facility agreements totaling $366 million. Four separate facilities totaling $291.3 million providing debt financing for a total of ten aircraft have been provided by Private Export Funding Corporation, which benefits from the guarantee of the Export Import Bank of the United States, DBS Bank of Singapore and Chinatrust Commercial Bank of...

2010-12-10 09:00:00

DETROIT, Dec. 10, 2010 /PRNewswire/ -- The General Motors Foundation will donate $27.1 million to the United Way for Southeastern Michigan to create Networks of Excellence from five existing area high schools with the goals of dramatically increasing graduation rates and ultimately rebuilding the area's skilled workforce. The money, which is the largest donation in the 34-year history of the GM Foundation, is aimed at reducing the nearly 50 percent dropout rate in parts of Metro Detroit...

2010-12-02 08:00:00

DULUTH, Ga., Dec. 2, 2010 /PRNewswire-FirstCall/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced the closing of its acquisition of Greenville Automotive Group, which consists of Lexus, Toyota, Jaguar, Porsche, and Volvo brands operating in Greenville, South Carolina. Estimated annualized revenues related to the Greenville acquisition are approximately $125 million. Commenting on the completion of the...

2010-12-02 06:30:00

DETROIT, Dec. 2, 2010 /PRNewswire/ -- General Motors Company today confirmed it has made the previously announced voluntary $4 billion cash contribution to its United States hourly and salaried pension plans, with a $2.7 billion contribution going to the hourly plan and $1.3 billion to the salaried plan. "This pension contribution puts us another step closer to our goal of fully funding our pension plans and achieving minimal debt. With a healthy balance sheet, a lower cost structure and...

2010-12-01 12:38:00

BENSALEM, Pa., Dec. 1, 2010 /PRNewswire-FirstCall/ -- Orleans Homebuilders, Inc. (the "Company", or "Orleans") (Pink Sheets: OHBIQ) and certain affiliated debtors today reported that the United States Bankruptcy Court for the District of Delaware has confirmed the Company's Modified Second Amended Joint Plan of Reorganization (the "Plan"). The Plan is expected to become effective by year end, at which time Orleans will emerge from Chapter 11 protection. Distributions will be made...

2010-11-23 13:00:00

KOKOMO, Ind., Nov. 23, 2010 /PRNewswire/ -- President and Vice President tour Indiana Transmission Plant II Investments would retain nearly 3,500 U.S. jobs Chrysler's total investment in U.S. facilities would climb to nearly $3 billion since June 2009 Obama recognizes two ITPII employees whose jobs were retained as result of investments Employees at Chrysler Group LLC's Indiana Transmission Plant II welcomed President Obama and Vice President Biden today as they toured the Kokomo,...

2010-11-23 07:45:00

DETROIT, Nov. 23, 2010 /PRNewswire/ -- Ally Financial today announced the company will offer a national program for wholesale financing of RV dealer inventory, expanding upon its preferred provider relationship with Thor Industries. Thor is the world's largest manufacturer of recreation vehicles, with a U.S. network of approximately 1,200 dealers selling brands such as Airstream, Breckenridge, CrossRoads, Dutchmen, Heartland, Komfort, Keystone RV and Thor Motor Coach. "We benchmarked...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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