Financial

DETROIT — General Motors as well as other automakers and a large financial institution dipped into their charitable checkbooks and gave substantial funds toward relief efforts in earthquake-rocked Haiti. The GM Foundation approved an immediate contribution of $100,000. The money was directed to the American Red Cross. The automaker also provided direct online access so its […] [Read More]

AUSTIN, Texas — Innovative Funding Services has welcomed a new chief operating officer to the company. Named recently to serve in the position was Robert McKie, who joined IFS from his previous post as vice president of sales at Wells Fargo Financial in Eden Prairie, Minn. In his most recent role with Wells Fargo, McKie headed […] [Read More]

DETROIT — Providing an update regarding its wholesale financing of Chrysler dealers, GMAC Financial Services said late last week that it has finished the formal underwriting for those who requested standard wholesale credit lines. Of the 1,474 U.S. Chrysler dealers that applied for this funding, the lender approved 94 percent. Breaking these numbers down a bit, […] [Read More]

CARMEL, Ind. — Dealer Services Corp. of Indiana made a few shifts in its management team recently, appointing Brian Geitner as chief executive officer. Geitner, who was previously the company's chief operating officer, replaced John Fuller, who kept his role as chairman of the board. Meanwhile, Marty McFarland, who had been the DSC of Indiana's chief financial […] [Read More]