AMERICAN HONDA FINANCE NEWS & INFORMATION
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Friday, September 05, 2008
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LATEST AMERICAN HONDA FINANCE NEWS:
Cerberus in the Hotseat as Auto Deals Falter
Stephen A. Feinberg, one of the country’s most powerful — and secretive — financiers, hoped to make a fortune out of the detritus of the American auto industry. Instead, The New York Times’ Michael J. de la Merced and Vikas Bajaj say, he seems to be losing one. Investments Are Faltering in Chrysler and GMAC The investment fund Cerberus Capital Management is racing to salvage multibillion-dollar investments in the automaker Chrysler and GMAC, the financing arm of General Motors. Big Three bailout may be around corner Plunging auto sales, high gas prices and election year politics could help convince Congress to approve a $50 billion loan package to embattled U.S. automakers that Detroit's Big Three claim is key to their future success. Cerberus Capital races to salvage investment in Chrysler and GMAC The news keeps getting worse for Cerberus Capital Management and its multibillion-dollar investments in the automaker Chrysler and GMAC, the financing arm of General Motors. Heavy Incentives Lead to Increased Consideration for New SUVs, Trucks, According to Latest Kbb.com Marketing Research ... The latest Kelley Blue Book http://www.kbb.com Marketing Research study of in-market new-vehicle shoppers reveals the auto industry's recent push of attractive financing and incentives offers has led to increased consideration for gas-guzzling vehicles such as SUVs and trucks . Public Notices NOTICE In compliance with the Public Inspection Requirement for a Private Charitable Foundation, and as required for the filing of I.R.S. Form 990-PF, The Dade Foundation of whom, Malcolm G. Dade, Jr. is the Trustee, Hereby give notice that its annual Return for the tax year 2004 is available for inspection. GM, Ford Drag U.S. Car Sales to 10th Straight Decline (Update2) Sept. 3 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the biggest U.S. automakers, dragged the domestic industry to its 10th straight monthly sales decline in August as consumers continued to snub trucks because of gasoline prices. |







