Wednesday, July 30, 2008
GM to let workers see Volt
Sneak peek planned for automaker’s September centennial as car nears production version.
David Shepardson / Detroit News Washington Bureau
WASHINGTON — General Motors Corp. plans to show employees a near-production version of the Chevrolet Volt during the automaker’s 100th anniversary celebration in September.
GM, which will mark its centennial on [...]

 
GMAC reduces financing for high-risk customers
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Jamie LaReau
Automotive News | July 29, 2008 - 4:38 pm EST
 
 
DETROIT — General Motors dealers will have to put high-risk customers into less expensive vehicles or get higher down payments than in the past, now that GMAC is tightening its financing policies.
Over the past year, GMAC has tightened its [...]

 
GMAC, Ford pull back on leases as credit tightens
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Automotive News | July 29, 2008 - 8:00 pm EST
 
 
DETROIT (Reuters) — GMAC and Ford Motor Credit disclosed steps on Tuesday to cut back on auto leases in a move that leaves automakers facing the risk of even more pressure on auto sales already at decade lows.
The [...]

 
Chase to end leasing for Chrysler
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Andrew Grossman
Automotive News | July 29, 2008 - 4:33 pm EST
 
 
Chase Auto Finance said today that it will not finance leases for Chrysler LLC vehicles.
Chase was afraid auto dealers would flock to it in the wake of Chrysler Financial’s decision on Friday, July 25, to stop financing leases, said [...]