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ICICI to take a relook at its used car financing business
ICICI Bank is re-examining its used car financing business model. The bank has stopped giving credit limits to its direct selling agents (DSAs), at a time when other banks have only tightened their DSA limits

For Car Companies, It Was a Year to Forget
General Motors closed out its centennial year having to ask the U.S. taxpayers for loans to survive. Chrysler closed out its first full year owned by a private equity firm by hiring bankruptcy lawyers. And Toyota's miserable U.S. performance led the Japanese company to project its first worldwide operating loss since the end of World War II, and to the likely ouster of its chief executive.

Despite The Bad News, Bank Customers Will Find Some Deals In 2009
Despite The Bad News, Bank Customers Will Find Some Deals In 2009

Car dealer won't yield
After Capital One decided to cut off the wholesale financing he needs to stay in business, Neptune used-car dealer Adam Berlin said he's not giving up on finding a solution to his problem.

US car sales hit 17-year low
US car sales crashed again in December as the industry posted its worst year since 1992 and the Detroit Three saw their annual share of their home market slip beneath 50 per cent for the first time.

Scam artists target estates of deceased
The scam : As if the passing of a loved one isn't bad enough, now officials say survivors have to worry about the deceased person's estate being fleeced. Scambusters reports that in recent weeks an outbreak of credit card fraud occurred using the identities of deceased people.

Automakers get bad news by carload
DETROIT — Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.