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You Can Bank On It: Financial institutions racing out of F1
It's a sign of the times that even the banks don't have money. With everyone hurting in this economic climate, several large banking groups have been prompted to cancel their sponsorship activities in Formula One. Credit Suisse announced it was withdrawing its sponsorship of the BMW Sauber team for this season. Dutch banking giant ING, which invested heavily – some 50 million Euros (about $63M USD), according to some estimates – in the Renault team, trackside advertising and title sponsorship of several grands prix races, has now ... Read more →
Chrysler Financial turns the screws on dealers Michael Harley
It's not getting any easier to be a Chrysler-Dodge-Jeep dealer. Last month, when Chrysler Financial asked banks and investors to renew their $30 billion line of credit, they came up about $6 billion ...
Lots overflowing with repo vehicles Jonathon Ramsey
What's the second biggest purchase after a home? Most of the time, it's a car. And with so many people losing their homes, it's really no surprise that so many people are also losing their cars. ...
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You Can Bank On It: Financial institutions racing out of F1 10 months ago on Autoblog
It's a sign of the times that even the banks don't have money. With everyone hurting in this economic climate, several large banking groups have been prompted to cancel their sponsorship activities in Formula One. Credit Suisse announced it was withdrawing its sponsorship of the BMW Sauber team for ...
Chrysler Financial turns the screws on dealers 1 year ago on Autoblog
It's not getting any easier to be a Chrysler-Dodge-Jeep dealer. Last month, when Chrysler Financial asked banks and investors to renew their $30 billion line of credit, they came up about $6 billion short. To make matters worse, the investors forced the automaker to follow much tighter financial ...
Lots overflowing with repo vehicles 1 year ago on Autoblog
What's the second biggest purchase after a home? Most of the time, it's a car. And with so many people losing their homes, it's really no surprise that so many people are also losing their cars. Repossession companies are reporting record business -- so much so in fact that they are securing ...
Autoblog Podcast #157: Mike Levine trucks along with us.
Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too!
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