DEARBORN, Mich. — In a positive turn of events, Ford Credit announced today that it has posted net income of $413 million for the second quarter, a significant improvement of $1.8 billion from a net loss of $1.4 billion last year. ... [Read More]

FRANKLIN, Tenn. — Infiniti announced this week that it is now it is running special leasing and financing terms through Aug. 31. The automaker is offering zero percent financing on select 2009 models. Additionally, special lease rates are also available. For example, a lease on the 2009 ... [Read More]

SALT LAKE CITY — Prestige Financial Services recently named an executive vice president of operations. Promoted to this position is Rich Hyde. In this role, Hyde will oversee loan servicing, operations policy and client special situations for the Salt Lake City-based ... [Read More]

SYRACUSE, N.Y. — XpressCredit announced the introduction of a redesigned Web site with a more streamlined navigation flow and more comprehensive information on the company's product offerings. In addition to an entirely new look, some features of the new site, which ... [Read More]

BANDON, Ore. — Apparently, gaining approval on an average auto loan is easier today than it has been since October 2008; however, subprime approvals aren't so easy to obtain, according to Art Spinella, of CNW Research. Spinella explained that while subprime ... [Read More]

BURBANK, Calif. — Lockheed Federal Credit Union announced it has slashed summer rates on new and used car loans as a part of its Summer Loan Sale, which will run through Aug. 31. "Consumers can save a bundle with special new ... [Read More]

DES MOINES, Iowa — Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Co, announced it has recently added $20 million to Tower Loan of Mississippi and its affiliated consumer lending companies' existing credit  facility, bringing the total facility to ... [Read More]

DAVENPORT, Iowa — Iowa-based Dealer Marketing Services, the creators of ProMax Online, recently announced the introduction of a system that can help dealers to pre-qualify consumers for auto financing by simply entering the consumer's name and address into the Instant Screen ... [Read More]

NEW YORK — Chase reported today that auto originations were down for the second quarter in both an annual comparison and a quarter-to-quarter review. Auto loan originations came in at $5.3 billion, down 5 percent from $5.6 billion in the first quarter ... [Read More]

DES PLAINES, Ill. — According to the National Insurance Crime Bureau, a trend has been emerging as consumers struggle to pay their bills. Rather than walking away from vehicle payments that can no longer be afforded, apparently many consumers are reporting ... [Read More]