Latest Auto Loans news:

Campaign spotlight finds auto industry
WASHINGTON "" After years of complaints that Washington cared little about its woes, Detroit's auto industry has become a frequent backdrop for the presidential candidates to pitch their economic plans.
Read more News Source - The Shreveport Times
Publish date - 07:03:20 07/20/08

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Avoiding auto loans that backfire on you
Skidding sticker prices may have you revving up to buy a new set of wheels, but steering clear of a bad loan is critical.
Read more News Source - New York Daily News
Publish date - 17:15:59 07/17/08

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Dangers of auto title loans
Rosa Mobley never imagined her debts would swell so large. There were times when the 66-year-old widow - who struggles by on Social Security and her pension as a school crossing guard in Chicago - fell behind on her gas, electric and mortgage payments.
Read more News Source - The Record
Publish date - 10:46:27 07/17/08

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Auto suppliers to hold breath for rest of '08
It has been a summer of plummeting expectations for auto suppliers. Week after week, analysts have lowered all sorts of expectations -- for stock price, earnings and overall ratings -- for many local suppliers, often to the drumbeat of new production cuts that automakers have announced for their truck lineups. All the while, supplier stocks have plummeted.
Read more News Source - Detroit Free Press
Publish date - 01:28:56 07/20/08

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Russia Freezes Foreign Loans for Next Three Years
The Finance Ministry announced last month that Russia does not intend to take out foreign loans between 2009 and 2011 because the federal budget has enough money for all its planned investment and additional needs.
Read more News Source - St. Petersburg Times
Publish date - 22:29:49 07/17/08

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St George sells A$1.2 bn auto ABS to 17 buyers
St. George Bank Ltd, Australia's fifth largest bank, said it has increased to A$1.236 billion ($1.20 billion) and priced a bond issue backed by auto-loan receivables.
Read more News Source - The Economic Times
Publish date - 03:34:54 07/18/08

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Repossessing items can be risky business
To Tony Cooper’s employees, he’s the president of Professional Auto Recovery in Florence. To everyone else, he’s best known as the repo man.
Read more News Source - Florence Morning News
Publish date - 21:06:11 07/19/08

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Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

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Obama pledges support to get aid for Detroit 3
WASHINGTON -- Michigan's congressional Democrats are pushing for $4 billion in aid to the U.S. auto industry as part of a second economic stimulus bill, one that Sen. Barack Obama endorsed to UAW workers Friday.
Read more News Source - Detroit Free Press
Publish date - 01:29:37 07/20/08

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Citigroup posts $2.5 billion loss, but that's less than expected
The loss was largely caused by $7.2 billion of write-downs of Citigroup's investments in mortgages and other loans and by a weakness in the consumer market, which cost Citigroup $4.4 billion in credit losses and $2.5 billion to increase reserves.
Read more News Source - International Herald Tribune
Publish date - 21:02:51 07/18/08

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McCain Talks to Auto Workers Hit Hard by Economy
Washington allies haven't always been easy to come by for the U.S. automakers, but Republican presidential candidate John McCain told General Motors Corp. employees Friday that reviving the struggling industry would be of utmost importance in his administration.
Read more News Source - FOX 2 News Detroit
Publish date - 21:38:03 07/18/08

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Capital One's Profit Plunges 40 Percent
Capital One, one of the nation's largest credit card companies, said yesterday that profit in the second quarter fell by 40 percent and it warned that more customers are defaulting on their loans.
Read more News Source - Washington Post
Publish date - 15:34:44 07/19/08

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McCain pledges a helping hand
Vowing that he will be an auto industry ally in the White House, Sen. John McCain told a crowd of General Motors workers Friday that a McCain administration will aid with the development of next-generation vehicles, like the electric-powered Chevrolet Volt, which will "change America and change the world."
Read more News Source - The Oakland Press
Publish date - 12:18:29 07/19/08

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Personal Finance Daily: Mortgage lenders are sobering like it's 1979
The turmoil in the financial sector, compounded by the troubles of Fannie Mae and Freddie Mac, has made getting a mortgage these days tougher than it has been in decades. Squeamish lenders, with plenty of potentially poor-performing loans already on their books, are not about to take any chances in extending credit today, especially with home prices soft in so many cities. ...
Read more News Source - Market Watch
Publish date - 17:33:07 07/18/08

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Suzuki Auto Plex surrenders license
Suzuki Auto Plex, 6401 N. 28th St., has surrendered its license to operate as a new-vehicle dealer in Nebraska, and the licenses of its staff, but the owner can continue to operate his used-vehicle dealership, according to the state agency that regulates those dealers.
Read more News Source - Lincoln Journal Star
Publish date - 06:01:54 07/17/08

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