Words cannot describe the horror… but we’ll try. Geely - one of China’s larger carmakers - has bent over and pulled out the Geely GE, an achingly terrible yet plainly obvious copy of the Rolls Royce Phantom.

Presumably intended for the Chinese businessman not quite rich enough for the real deal – or any other foreign [...]

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Many industry analysts - including the giant brains here at TMR – may have got things wrong on the effect of the withdrawal of GE and GMAC from new car dealer floorplan financing.

Why do we think so? Well, remember the Special Purpose Vehicle (SPV)? It was a $2 billion pool set up by the Rudd [...]

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The Federal Treasurer Wayne Swan has released an Information Guide for Car Dealers on the Special Purpose Vehicle (SPV) funding facility, designed to fill the $2 billion floorplan financing ‘hole’ left by GE and GMAC’s exit from the dealer financing market.

He also appealed to GE and GMAC to “do the right thing” and continue to [...]

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We recently brought you the shock news that GE Finance and GMAC Financial Services are withdrawing their services from the local car market at the end of 2008. What this means to the layman is that dealers who have been using either of the providers to finance their floor stock, are being left high and [...]

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