credit crisis Reviews and News

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NEWS

Ford Credit Pulling Out Of Retail Financing

THU, 15 JAN, 2009

More bad news concerning the local car industry has hit the headlines today, with the announcement that Ford Credit is pulling out of retail finan...

Ssangyong Files For Bankruptcy

SUN, 11 JAN, 2009

With all of the focus on the likes of GM and Chrysler in recent weeks, each struggling to stave off bankruptcy, Korea’s Ssangyong Motors may ver...

Subaru And Esanda Form Subaru Finance Partnership

MON, 29 DEC, 2008

More good news regarding the Australian dealer finance situation has surfaced today, with the announcement that Subaru Australia and Esanda are pa...

Toyota Australia Will Weather The Storm

WED, 24 DEC, 2008

Toyota Australia has responded quickly to the news that its parent company is gearing up for its first loss, in more than 70 years of operation, b...

Chrysler LLC To Idle Plants For A Month

THU, 18 DEC, 2008

The credit crisis continues to adversely affect the North American market, with reports that new car buyers are continuing to find it difficult to...

Toyota Expected To Report Second Half Loss

MON, 15 DEC, 2008

If you needed proof that the financial crisis gripping the world is serious, then this is it.

Federal Government Comes To Aid Of Car Dealers With Special Purpose Vehicle Financing Trust

FRI, 5 DEC, 2008

Many in the community are aware that the announced exit of GE and GMAC finance from the dealer wholesale finance market left a $2 billion ‘hole...

New Car Dealer Finance Crisis: Call for Leadership from Government

TUE, 25 NOV, 2008

As we have covered in some detail previously, many Australian new car dealers are facing their own credit crisis, with GE Money and GMAC Financial...

BMW Group Research And Technology Specialists Develop Multifunctional Car Key

FRI, 21 NOV, 2008

Locked away in a lab, oblivious to the real world, an elite but small group of IT technicians have been busy attempting to distill everything we n...

Battle To Avert New Car Dealer Collapses

WED, 19 NOV, 2008

  The bad news is set to worsen for the new car dealer sector.

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