Hot Topics
Preferred
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Ally clears barrier for IPO with plan to resolve mortgage claims
… Ally called the central bank's analysis "fundamentally flawed." Ally probably will need to convert $5.9 billion of preferred shares owned by the U.S. government into common equity to simplify its capital structure. The company said the Fed could …
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BMW's Reithofer tells Germans to embrace EVs
… who was BMW CEO from 1999 to 2002. Investors also approved a dividend of 2.50 euros per common share and 2.52 euros per preferred share for 2012. Sales lead The manufacturer extended its sales lead over its main competitors through the first four months …
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China is a learning lab for Lincoln
… have set up coffee bars, a U.S. version of the tearooms that Lincoln has looked at in China. For many shoppers, the preferred pace of the sales process was much different than in the United States, Wheatley said. "Many customers savor the experience …
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Chrysler Group seeks an edge with Chrysler Capital
… label arrangement between Santander Consumer USA and Chrysler Group, began operating in the United States May 1 as the preferred lender for Chrysler Group. Chrysler Capital will offer prime and subprime retail loans and leasing through Chrysler dealers …
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Daimler says it's in talks with Aston Martin on supply agreement
… involve Aston Martin owners Investindustrial Advisers and Investment Dar, Walters said. Daimler is Investindustrial's preferred partner for a supply deal, a person familiar with the matter said. A final agreement isn't imminent, the person said …
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Chrysler, GM wind down low-APR deals via Ally
… Chrysler Group and Santander Consumer USA. That won't have much immediate effect on Ally Financial Inc., Chrysler's preferred lender until this month, because subvented loans for Chrysler accounted for only about 2.1 percent of Ally's retail auto …
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Why Chevy execs are suddenly watching 'Mad Men'
… involvement GM and Chevy had no involvement in the brand appearing on "Mad Men." If they had, they certainly would have preferred the show highlight the Camaro instead. No doubt more than a few people in the Renaissance Center will be following upcoming …
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BMW studies China for hints on global trends
… Gerhard Steinie, director of the Shanghai studio of BMW Group' DesignWorks subsidiary, explained why lengthier variants are preferred . "Chinese customers also look for long-wheelbase versions of mid-sized and compact sedans not because they are chauffeur …
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Chrysler Capital's first job: Leasing
… expects more consumer auto leases next month when the newly formed Chrysler Capital begins operations as the automaker's preferred lender in the United States. But for dealers, Chrysler Capital is likely to supplement, rather than replace, existing …
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Porsche SE is optimistic of prospects in German investor lawsuits
… SE's voting stock, will vote today on a dividend for 2012 of 2.01 euros per preferred share and 2 euros per ordinary share, up from 75 cents. The preferred stock is publicly traded, while the ordinary shares, which carry voting rights …
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Chrysler Capital's first job: Leasing
… expects more consumer auto leases next month when the newly formed Chrysler Capital begins operations as the automaker's preferred lender in the United States. But for dealers, Chrysler Capital is likely to supplement, rather than replace, existing …
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Carmaker ties boost lending at Chase, Wells Fargo
… provide incentivized loans through about 1,600 GM dealerships in GM's West and South Central regions. GM and its biggest preferred lender, Ally Financial Inc., said they expect to continue a close relationship but are phasing out Ally's earlier monopoly …
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U.S. Steel chief: Versatility will keep steel automakers' material of choice
… account for 40 percent, or about 600 pounds, of a typical light vehicle's weight. Surma said steel will remain automakers' preferred material because of its versatility, which allows them "to put strength exactly where it is needed." "That's a key …
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U.S. seeks to revise crash ratings to protect seniors
… communicated and if ratings of advanced technologies, rather than the current approach of recommending advanced technologies, are preferred ," the notice says. Such a ratings system could become a selling point for companies that sell cars with crash-prevention …
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GM financing strategy: More leases, lenders
… Finally, GM said it would continue to work with banks as third-party providers. Ally Financial Inc. is still GM's biggest preferred lender, but GM has signed up more lenders -- such as Wells Fargo Dealer Services -- as Ally and GM phase out the exclusive …
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BMW, Audi plan more diesel models for U.S.
… by 2025. "As luxury and non-luxury manufacturers struggle to reach mileage standards, diesel has emerged as one of the preferred technologies," said Alec Gutierrez, senior analyst from Kelley Blue Book. "Especially in luxury cars where customers …
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BMW, Audi prep more diesel models for U.S.
… by 2025. "As luxury and non-luxury manufacturers struggle to reach mileage standards, diesel has emerged as one of the preferred technologies," said Alec Gutierrez, senior analyst from Kelley Blue Book. "Especially in luxury cars where customers …
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It's official: CFPB gunning for dealer reserve
… dealership negotiates a deal with a customer then transmits the customer's credit application to several of the store's preferred lenders. Lenders that find the application acceptable reply with an offer to purchase the loan from the dealership at a wholesale …
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Chase auto unit CEO is bullish on lending outlook
… heavyweight in auto lending. It's the preferred lender in the United States for Jaguar ..... bankruptcy and restructuring, and their preferred lenders, GMAC and Chrysler Financial ..... Finance. GMAC became Ally Financial, the preferred lender for both GM and Chrysler. Ally …
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Fiat, Serbia said to agree deal to build cheaper 500L for domestic market
… condition that Fiat secures local banks and leasing companies to offer five-year deals at 3 percent a year in euros, the preferred currency in the European Union candidate country. Serbia expects a 25 percent rise in the value of its exports this year …
