| Fitch Sees Slower Growth for Captives |
May 22nd, 2013 |
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 Captive finance subsidiaries of major global manufacturers have continued to report very strong profit margins, driven by outstanding credit-loss performance and improved demand for their parents' products. Portfolio growth and credit quality gains are likely to moderate, however, as competition with banks heats up, says ratings agency Fitch.
Most captives reported robust origination trends in 2012 and the first quarter of 2013 as access to low-cost funding remained good and demand for parent products picked up.
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| DMS Integrates Payment Assurance Technology |
May 22nd, 2013 |
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 Payment assurance provider Ituran is offering full integration of its technology with Finance Express' dealer management system (FEXDMS).
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| Edmunds Offers Used Hybrid Advice |
May 22nd, 2013 |
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 Edmunds.com says that there are a few special factors that used hybrid shoppers should consider before making a deal.
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| Tie Rods Cause Sports Car Recall |
May 22nd, 2013 |
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 Maserati North America Inc. is recalling 7,438 model year 2005-08 Quattro Porte, 2008 Granturismo and 2008 Alfa Romeo 8C vehicles.
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| Audi R8 V10 Plus, Nissan GT-R Track Edition Go Head 2 Head (W/Video) |
May 22nd, 2013 |
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You’ve read the comparo; now it’s time to watch the 2014 Audi R8 V10 Plus and 2014 Nissan GT-R Track Pack duke it out at the hands of associate road test editor Carlos Lago and your favorite racing driver, Randy Pobst, on the latest episode of Head 2 Head. This week’s Head 2 Head kicks [...]
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| Volkswagen Updating 2009-2012 TDI Cars to Prevent Potential Fueling Issues |
May 22nd, 2013 |
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In an effort to prevent gasoline from being pumped into diesel-powered vehicles, Volkswagen will retrofit the fuel filler neck on certain TDI models. Damage caused by the wrong fuel isn’t covered under Volkswagen’s warranty policy. A notice was sent to dealers last week and the automaker will begin notifying customers of the service campaign on [...]
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| Yakima cops to take home patrol cars |
May 22nd, 2013 |
The Yakima City Council voted Tuesday night to consider an ordinance that would give every police patrol officer a take-home cruiser they would use while off ...
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| Volkswagen moves to keep gas out of diesel cars |
May 22nd, 2013 |
It has a simple retrofit solution It's hard to imagine a more painful mistake than accidently pumping gasoline into the tank of a diesel car, resulting in costly engine damage. Now Volkswagen is taking steps to make sure it never happens.The leading maker of car diesels in the U.S. plans to retrofit 209,500 cars with barriers to make sure motorists can't mistakenly pump gas into their ...
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| Production at Ford Motor Co. increasing to nearly full capacity |
May 22nd, 2013 |
Ford Motor Co. will shorten its scheduled summer shutdown in efforts to boost its 2013 production by 200,000 vehicles, The Wall Street Journal reports. Normal summer shutdowns last about two weeks; Ford aims to cut that in half, adding 40,000 units of capacity. After adding 900 workers to its Kansas City Assembly Plant in Claycomo as well as another shift of workers to a Detroit-area plant, the ...
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| U.S. auto factories cutting back on summer downtime |
May 22nd, 2013 |
DETROIT The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer. That includes the Chicago plant that makes the Ford Explorer SUV and the Mexican plant that ...
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