Latest GMAC Stories
DETROIT, Oct. 27, 2011 /PRNewswire/ -- Ally Financial has been honored with a 2011 Auto Finance Excellence Award for its notable success and contribution to the auto finance industry. The award was presented today at the annual Auto Finance Summit by Auto Finance News. (Logo: http://photos.prnewswire.com/prnh/20110609/DE17177LOGO-c ) Ally was cited for maintaining its number one position in retail auto financing in the U.S., while reaching a broad spectrum of creditworthy customers and...
AUBURN HILLS, Mich., Oct. 27, 2011 /PRNewswire/ -- Chrysler Group's third quarter 2011 net income totaled $212 million compared with a net loss of $84 million a year agoThird quarter net revenue was $13.1 billion, up 19 percent from a year agoModified Operating Profit(b) grew to $483 million in the quarter, from $239 million a year agoChrysler Group ended the quarter with $9.5 billion in Cash(d) versus $10.2 billion at June 30, 2011Worldwide vehicle sales in the third quarter were 496,000,...
NEW YORK, Oct. 26, 2011 /PRNewswire/ -- Amalgamated Capital (AmalCap), the New York-based leveraged finance division of Amalgamated Bank, announced today that, acting as Co-Lender, it had committed $4,750,000 to a $9,500,000 asset-based senior credit facility led by Keltic Financial Services, LLC (Keltic) for Apollo Retail Specialists LLC (Apollo), a Palm Beach Capital (PBC) portfolio company. AmalCap offers senior secured facilities to support investments made by private equity sponsors...
On this previous Friday, Clopton Capital launched their financial link exchange program and had a total of one successful link exchange. Chicago, Illinois (PRWEB) October 11, 2011 Clopton Capital is a provider of commercial loans and is located in Chicago, IL. They primarily focus on commercial mortgages, SBA loans and niche financing mechanisms such as gas station loans and owner operator financing. The founder of Clopton Capital is Jake Clopton and this press release is part of Clopton...
DALLAS, Oct. 7, 2011 /PRNewswire/ -- Vehix has selected RoadLoans.com as its preferred lender for Vehix customers. Visitors to Vehix.com can apply for auto financing through RoadLoans.com as part of their car shopping experience. RoadLoans.com is a leading online auto lender specializing in financing, refinancing and servicing new and used auto loans for customers seeking a direct lending experience. Founded in 1997, RoadLoans.com is owned by Santander Consumer USA Inc., a leading...
NEW YORK and DENVER, Oct. 5, 2011 /PRNewswire/ -- On the heels of the recent NFL strike and amid the ongoing NBA lockout, leading commercial financial firm METRIX Capital Group has partnered with the first full-service online pawn shop Pawngo to offer professional athletes quick, discreet and reliable short and long term loans. Created specifically with the seasonal needs of these high-income individuals in mind, the program will allow pro athletes to pawn items up to $1 million through...
JACKSONVILLE, Fla., Oct. 5, 2011 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS) today announced the appointment of Hugh R. Harris to serve as the company's president and chief executive officer effective October 5, 2011. Harris will also serve as a member of the company's board of directors. "We are excited to have Hugh Harris join LPS as CEO," said Lee Kennedy, LPS chairman and interim chief executive officer. "His strong, long-term customer relationships, deep industry...
DETROIT, Sept. 27, 2011 /PRNewswire/ -- Paul Copses will become the first U.S. vice president of Customer Experience at General Motors, charged with leading efforts to win and keep customers for Chevrolet, Buick GMC and Cadillac. Copses, currently executive director - Customer Care and Aftersales, will begin his new job Oct. 1, and will be tasked to ensure GM leads in providing the highest levels of customer care in the U.S. automotive industry. He will report to GM North America President...
NEW YORK, Sept. 15, 2011 /PRNewswire/ -- Quicken Loans Inc., the nation's largest online retail mortgage lender, today announced it will be the title sponsor of the inaugural 2011 Carrier Classic, a first-of-its-kind basketball game to be played on a U.S. aircraft carrier honoring service men and women on Veterans Day, November 11, 2011. The 2011 Quicken Loans Carrier Classic, an NCAA Division I Men's Basketball matchup between the Michigan State Spartans and the University of North...
VALCOURT, QC, Sept. 15, 2011 /PRNewswire/ - BRP signed a multi-year strategic alliance with TCF Inventory Finance, Inc. (TCFIF), a new wholesale financing provider. TCFIF will be providing wholesale financing solutions to BRP's Ski-Doo, Sea-Doo and Can-Am North American dealers, and be the preferred wholesale financing partner to Evinrude and Johnson outboard engine dealers. "We are thrilled to add BRP and its roster of dealers to our customer base," said Ross Perrelli,...
