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Latest GMAC Stories

2011-05-26 07:30:00

WINSTON-SALEM, N.C., May 26, 2011 /PRNewswire/ -- Today, the 2011 GMAC Insurance National Drivers Test results revealed that nearly 1 in 5 drivers on the road today cannot meet the basic requirements to get a driver's license, meaning that 36.9 million American drivers - roughly 18 percent - would not pass the written drivers test if taken today. Kansas continued their reign in first place (82.9 percent average score), while New York was bumped from last by Washington, D.C. (71.8 percent...

2011-05-25 08:30:00

NEW YORK, May 25, 2011 /PRNewswire/ -- Specialty Reports, Inc., a subsidiary of Sparta Commercial Services, Inc. (OTCBB: SRCO), today announced that is has experienced a month over month average increase in revenues of thirty percent per month from December, 2010 through April, 2011, and is currently on track to see a fifty percent increase for May over April. Specialty Reports, Inc. has developed and is marketing four products; Cyclechex.com, the internationally accepted online source for...

2011-05-24 11:35:00

AUBURN HILLS, Mich., May 24, 2011 /PRNewswire/ -- More than six years ahead of schedule, Chrysler Group fulfills promise to taxpayers and repays original government loans totaling $6.7 billion, in addition to $1.8 billion of interest and other consideration Intervention by U.S. and Canadian governments and strategic alliance with Fiat leads to 16 all-new or significantly refreshed vehicles currently in dealerships; more than $3 billion in facility upgrades; and increased employment with...

2011-05-19 16:09:00

AUBURN HILLS, Mich., May 19, 2011 /PRNewswire/ --Chrysler Group LLC ("Chrysler Group") announced today the pricing of its previously announced offering of new secured senior debt securities (the "Notes") and credit facilities. The Notes will be issued in two tranches: $1.5 billion principal amount of 8% Secured Senior Notes due 2019 and $1.7 billion principal amount of 8-1/4% Secured Senior Notes due 2021. Chrysler Group will also enter into a new senior secured credit facility including a...

2011-05-18 00:01:30

United Access, one of the top mobility dealerships in the nation, is reaching out to lower income families and fixed income households. It offers financing for its new and used wheelchair vans to disabled drivers. Columbia, MO (PRWEB) May 17, 2011 United Access is known for its accommodating terms, but its new financing terms go beyond good business sense and into charitable efforts territory. The company is offering generous financing terms on its inventory of handicap vans, including...

2011-05-11 08:30:00

CHICAGO, May 11, 2011 /PRNewswire/ -- Zacks Equity Research highlights: The Williams Companies (NYSE: WMB) as the Bull of the Day and Universal Technical Institute (NYSE: UTI), as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Fiat SpA (OTC: FIATY), General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Full analysis of all these stocks is available at http://at.zacks.com/?id=2678. Here is a...

2011-05-05 06:30:00

DETROIT, May 5, 2011 /PRNewswire/ -- General Motors Company (NYSE: GM) today announced first quarter net income attributable to common stockholders of $3.2 billion, or $1.77 per fully-diluted share, marking the company's fifth consecutive profitable quarter. Revenue increased $4.7 billion to $36.2 billion, compared with the first quarter of 2010. "We are on plan," said Dan Akerson, chairman and CEO. "GM has delivered five consecutive profitable quarters, thanks to strong customer...

2011-05-03 07:00:00

NEW YORK, May 3, 2011 /PRNewswire/ -- Ally Financial Inc. (Ally) today reported net income of $146 million for the first quarter of 2011, compared to $162 million for the first quarter of 2010. Net income was favorably affected by an income tax benefit resulting from a $101 million reversal of valuation allowance in Canada. Core pre-tax income, which reflects income from continuing operations before taxes and original issue discount (OID) amortization expense primarily from bond...

2011-05-02 05:30:00

AUBURN HILLS, Mich., May 2, 2011 /PRNewswire/ -- Net Income totaled $116 million in Q1 2011 compared to a net loss of $197 million in Q1 2010 Modified Operating Profit(a) totaled $477 million in Q1 2011 (3.6 percent of Net Revenues), up from $143 million in Q1 2010 Modified EBITDA(b) totaled $1,171 million in Q1 2011 (8.9 percent of Net Revenues) compared to $787 million in Q1 2010 Net Revenues in Q1 2011 were $13.1 billion, up 35 percent from $9.7 billion in Q1 2010 Cash(c) at March...

2011-05-02 05:00:00

COLUMBUS, Ohio, May 2, 2011 /PRNewswire/ -- In response to the crisis in Japan and in recognition of the impact on the automotive industry, Huntington (NASDAQ: HBAN; www.huntington.com) Auto Finance will make a donation for every automobile loan booked through its auto dealership partners - totaling as much as $100,000 - to the Japanese Red Cross Society. Donations will be made in the names of the dealers who choose to participate in the program, which will run from May 2 to 31, 2011....


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'