ROAD LOANS AUTO FINANCE NEWS & INFORMATION
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Wednesday, October 15, 2008
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LATEST ROAD LOANS AUTO FINANCE NEWS:
GM and Ford stocks hit road to recovery
Shares in Detroit's two biggest automakers, beaten down by about half their value last week, rebounded Monday after a weekend of hopeful signs the credit squeeze will begin to ease and of talk about industry consolidation. The Bunkum Behind the Bounce *** A bounce in the bear market is not cause for celebration, it's cause for selling…it's time to downsize, and relax a bit…and more! Press Briefing by Dana Perino - 10/10/2008 MS. PERINO: Hello, everybody. A couple of things, and then I'll get up to the economy and then take your questions. First of all, the President just left to attend briefings at the Pentagon. This is a routine visit for the President to go and sit with his team over there. There will be a meeting in the Tank and you can expect he'll hear about progress being made in defense transition.* I'm sure ... Himes traveled long road to 4th District race BRIDGEPORT -- Democrat Jim Himes, a former Wall Street investment banker running for Congress, was explaining the global financial meltdown the other day to a group of about 35 primarily black Car loan available if buyer qualifies Augusta car dealers are slamming the door on the perception that there's no money to lend to people who want to buy a car. GM drives stocks down amid worries about auto market 'collapse' Stocks plunged again Thursday, led by a sharp auto selloff that raised questions about the car industry. General Motors shares lost nearly one-third of their value to close at $4.76, their lowest level in more than 58 years, while Ford Motor shares fell 21.8 percent. Fears Grow That Tight Credit Could Crush GM, Ford Standard & Poor's downgraded the credit of General Motors and Ford Motor Co. and their financing arms this week. Many fear the automakers lack enough cash to sustain their business during this downturn, and that if they falter, it could have widespread repercussions on the U.S. economy. |







