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Dealerships across the country face the same challenge: How to boost product sales as finance revenue fades.

Tags: Country Face, Fades, Finance

Tags: Chris Liddell, Finance, Finance Chief, Gm, Microsoft, Microsoft Finance

Opel’s finance chief Marco Molinari quit to pursue other interests a day after the board of parent General Motors Co. ousted CEO Fritz Henderson.Opel said a successor to Molinari, 45, will be and#8220;announced in due course.and#8221;

Tags: Ceo, Cfo, Finance, Finance Chief, Fritz, Fritz Henderson, General Motors, General Motors Co., Marco Molinari, Opel

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.

Tags: 1 Billion, Bid, Carmaker, China, China Banks, Chinese Banks, Finance, Ford, Ford Motor, Ford Motor Co., Geely, Loans, Preferred Bidder, Taps, USD, Volvo

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor Co.’s Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid.

Tags: 1 Billion, Bid, Carmaker, China, China Banks, Chinese Banks, Finance, Ford, Ford Motor, Ford Motor Co., Geely, Loans, Preferred Bidder, Taps, USD, Volvo

The U.S. Treasury intends to provide more taxpayer capital to finance company GMAC, but needs to deliberate further on the deal’s structure, a senior U.S. Treasury official said on Thursday.

Tags: Deliberation, Finance, Finance Company, Gmac, Treasury Official, U S Treasury, U.S. Treasury

CFO Ray Young is expected to leave General Motors Co. within weeks, after 18 months as finance chief, a person familiar with the situation said today.

Tags: Cfo, Finance, Finance Chief, General Motors, General Motors Co., Gm, Gm Finance, Ray Young

China’s Beijing Automotive Industry Holdings Co. has signed a deal to take a stake in Koenigsegg Group AB. The agreement is supposed to help the Swedish firm finance its bid to takeover Saab Automobile from General Motors Co.

Tags: Auto Buy, Auto Help, Automotive Industry, Bid, China, China Beijing, China Industry, Finance, General Motors, General Motors Co., Group Ab, Koenigsegg, Koenigsegg Group AB, Saab, Saab Automobile, Saab China's Beijing Automotive Industry Holdings Co., Stake, Swedish Firm, Takeover

Belgian finance investor RHJ International raised the stakes in the bidding war with rival Magna International for General Motors Co.’s Opel unit, as sources said the U.S. automaker’s board was due to discuss the deal.

Tags: Automaker, Bidding War, Finance, General Motors, Investor, Magna International, Opel, RHJ International, Rival, S Board

The finance arms for American Honda Motor Co. and Toyota Motor Sales U.S.A. Inc., as well as select other lenders, are providing financial assistance to dealers struggling with cash-flow problems created by the federal cash-for-clunkers program.

Tags: American Honda Motor, American Honda Motor Co, Cash Crisis, Cash Flow Problems, Finance, finance arms, Financial Assistance, Honda, Honda Dealers, Honda Motor, Honda Motor Co., Lenders, Toyota, Toyota Dealers, Toyota Motor, Toyota Motor Sales, Toyota Motor Sales U.S.A. Inc., Toyota Sales

The finance arms for American Honda Motor Co. and Toyota Motor Sales U.S.A. Inc., as well as select other lenders, are providing financial assistance to dealers struggling with cash-flow problems created by the federal cash-for-clunkers program.

Tags: American Honda Motor, American Honda Motor Co, Cash Flow Problems, Finance, finance arms, Financial Assistance, Honda, Honda Dealers, Honda Motor, Honda Motor Co., Lenders, Toyota, Toyota Dealers, Toyota Motor, Toyota Motor Sales, Toyota Motor Sales U.S.A. Inc., Toyota Sales

The finance arms for American Honda Motor Co. and Toyota Motor Sales U.S.A. Inc., as well as select other lenders, are providing financial assistance to dealers struggling with cash-flow problems created by the federal cash-for-clunkers program.

Tags: American Honda Motor, American Honda Motor Co, Cash Crisis, Cash Flow Problems, Finance, finance arms, Financial Assistance, Honda, Honda Dealers, Honda Motor, Honda Motor Co., Lenders, Toyota, Toyota Dealers, Toyota Motor, Toyota Motor Sales, Toyota Motor Sales U.S.A. Inc., Toyota Sales

The finance arms for American Honda Motor Co. and Toyota Motor Sales U.S.A. Inc., as well as select other lenders, are providing financial assistance to dealers struggling with cash-flow problems created by the federal cash-for-clunkers program.

Tags: American Honda Motor, American Honda Motor Co, Cash Crisis, Cash Flow Problems, Finance, finance arms, Financial Assistance, Honda, Honda Dealers, Honda Motor, Honda Motor Co., Lenders, Toyota, Toyota Dealers, Toyota Motor, Toyota Motor Sales, Toyota Motor Sales U.S.A. Inc., Toyota Sales

The appointment of Volkswagen AG’s CEO and its finance head to lead Porsche Automobil Holding SE before the groups merge raises questions about potential conflicts of interest, corporate governance experts said.

Tags: Appointment, Automobil, Ceo, Conflicts Of Interest, Corporate Governance, Exec, Finance, Governance Experts, Lead, Porsche, Volkswagen, Volkswagen Ag, Worries

Scott Becker, a former Chicago attorney who joined Nissan in 2006, will run the automaker’s North American administration and finance operations. Becker replaces Dominique Thormann as Nissan North America senior vice president.

Tags: American Administration, American Finance, Automaker, Chicago, Chicago Attorney, Dominique, Dominique Thormann, Finance, finance operations, Leaves, Nissan, Nissan America, Nissan North America, North American administration, Renault, Renault Finance, Scott Becker, Senior Vice President

Scott Becker, a former Chicago attorney who joined Nissan in 2006, will run the automaker’s North American administration and finance operations. Becker replaces Dominique Thormann as Nissan North America senior vice president.

Tags: American Administration, American Finance, Automaker, Chicago, Chicago Attorney, Dominique, Dominique Thormann, Finance, finance operations, Nissan, Nissan America, Nissan North America, North American administration, Scott Becker, Senior Vice President, Taps

Rattled by tight credit and rising default rates, lenders are reducing the amount of money they will loan toward a car purchase. The policy is costing dealers finance and insurance income. In some cases it’s also costing them car sales.

Tags: Amount Of Money, Car Purchase, Car Sales, Default Rates, Finance, Insurance, Lenders, Tight Credit

The Canadian unit of Chrysler may not need to seek bankruptcy protection, even if the company does so in the United States, Canadian Finance Minister Jim Flaherty said on Saturday.

Tags: Avoid Bankruptcy, Bankruptcy Protection, Canada, Canadian Finance Minister Jim Flaherty, Chrysler, Chrysler Canada, Chrysler Finance, Finance, Finance Minister Jim Flaherty, Jim Flaherty, United States

A new U.S. stimulus program is loosening credit for car buyers. Last week the finance arms of Ford Motor Co. and Nissan North America sold $4.25 billion in bonds to fund consumer auto loans.

Tags: Auto Loans, Bonds, Car Buyers, Consumer Auto, Consumer Loans, Finance, Ford, Ford Motor, Ford Motor Co., Nissan, Nissan North America, Stimulus, Thaw

Chrysler’s finance chief says his company is better equipped to survive the recession than General Motors and a safer bet for U.S. taxpayers who are keeping both automakers afloat, Bloomberg News reported today.

Tags: Automakers, Bet, Bloomberg, Chrysler, Chrysler Finance, Finance, Finance Chief, General Motors, Gm, Recession, Taxpayers, United States

As the recession pushes auto buyers to downsize, lenders that emphasize leasing and used-vehicle loans are grabbing market share from those that don’t. In the last three months of 2008, Toyota Financial Services and American Honda Finance Corp.

Tags: American Finance, American Honda Finance, American Honda Finance Corp, Auto Buyers, Car Finance, Finance, Honda, Honda Finance Corp, Leasing Car, Leasing Finance, Leasing Vehicle, Lenders, Market Share, Recession, Three Months, Toyota, Toyota Financial Services, Vehicle Loans

Daimler is open to any third party interested in its 19.9 percent Chrysler stake and unlikely to buy back its shares in the medium term, the German carmaker’s finance director said.

Tags: Chrysler, Chrysler Daimler, Daimler Chrysler, Finance, Finance Director, German Carmaker, Medium Term, Stake, Third Party

The biggest obstacle to a Chrysler-Fiat alliance may be finding the cash to finance a potential surge of product sharing. Analysts say a strategic partnership of Chrysler LLC and Fiat S.p.A.

Tags: Chrysler, Chrysler LLC, Fiat, Fiat S.p.A., Finance, Obstacle, Strategic Partnership

Shares of General Motors jumped today after its auto finance affiliate GMAC won access to government lending programs, while analysts estimated GMAC might be seeking loans of more than $6 billion.

Tags: Affiliate, Auto Finance, Finance, General Motors, Gm, Gmac Loans, Shares, USD

Bond fund Pacific Investment Management, called Pimco, has turned down a debt-exchange offer from GMAC LLC, threatening the finance company’s bid to qualify for U.S. government funds, The Wall Street Journal reported.

Tags: bank bid, Bid Bond, Bond Fund, Debt Exchange, Finance, Finance Company, Gmac Bank, GMAC LLC, Government Funds, Investment Management, Llc, Pacific Investment, the Wall Street Journal, U.S. government, United States, Wall Street, Wall Street Journal