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    Report: Average new car loan stretches 5.4 years, so what does that mean?
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    Even as some experts predict new car sales could top 16 million in 2014, there could be a storm brewing for maintaining current sales and inventory levels. According to Automotive News, consumers are buying new cars because it's easier to get a loan – even if that loan is for longer terms ...

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    Report: More car dealers capping finance and insurance products amidst ethics concerns
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    Automotive News reports a larger number of dealers are scaling back the markup on their finance and insurance products as well as aftermarket service plans in an effort to avoid the ire of regulators. There are no industry numbers on how many dealers use self-imposed caps on how much they can ...

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    Official: Opel board approves new turnaround plan
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    's supervisory board has approved changes in the company it hopes revitalizes the brand. The most important element is "massive" investments in new products over a four year period. The division also plans to increase exports and cut materials and development costs. The Opel board said it expects ...

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    Report: More Americans paying their car loans on time
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    Nearly everyone in America with a car loan is making the payment on time, the Detroit Free Press is reporting. A scant .36 percent of people with a car loan are 60 or more days behind on making their payment, according to a TransUnion report looking at the January through March quarter of auto ...

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    Report: Union takes hard stance against German automakers
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    Anyone considering a German-built car might want to buy it now. It could be a long summer. Europe's largest industrial union, IG Metall, is taking a tough stance against some job rules German carmakers want to enforce, potentially creating the possibility of a strike, according to ...

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    GM's Liquidation Motors stock reportedly still worth $370M, can't be sold short
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    When General Motors entered into Chapter 11 bankruptcy over the summer, its bad assets were moved into a firm called Motors Liquidation Company (MLC). That company was capitalized with more than 600 million shares that were meant to be worthless; however, quite the opposite has happened: with its ...

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    REPORT: Major obstacle cleared as Swedish government to guarantee $615M EIB loan for Saab
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    2010 Saab 9-5 - Click above for high-res image gallery
    A major hurdle in Saab's transfer to the homegrown hands of Sweden's Koenigsegg has been surmounted: the Swedish government has agreed to guarantee a 4.3 billion kroner ($615M U.S.) loan from the European Investment Bank to the Koenigsegg ...

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    Chrysler Financial scores $24B line of credit
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    It's up and down, but nowhere near out for Chrysler, LLC. The Big Three's smallest sibling says that it's ahead of internal estimates and has posted earnings in excess of one billion for the first half of '08. True, the company also posted a $510 million loss in Q1 according to minority shareholder ...

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    Way Forward 2.0 today?
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    Now that Ford's got a new captain at the helm, it's full steam ahead for the "Way Forward." According to Reuters, Ford's board of directors will be instituting the second stage of its plan and is expected to release an overview of the strategy later today. Some of the proposals to be announced ...

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    Bad credit? No credit? Ford doesn't care with new 0-72 loans
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    Facing the ignominy of huge dealer inventory and falling behind Toyota for 2nd place in July sales, Ford has decided to let anybody with a pulse finance one of its cars. Well, you do have to have some credit, but Ford is lowering the bar in this new incentive drive to include buyers with sub-prime ...

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    Yen rate gives Japanese automakers unfair advantage, Chrysler's LaSorda says
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    At the Mackinac Policy Conference in Michigan on Thursday, Chrysler president and CEO Tom LaSorda said he plans to call on George W. Bush to confront Japan about an artificially low yen rate that he maintains unfairly allows Japanese automakers up to a $3,000 advantage per vehicle ...

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