| CPS Closes Securitization |
Dec 21st, 2012 |
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 Consumer Portfolio Services Inc. announced the closing of its fourth term securitization in 2012. The transaction is CPS's seventh senior subordinate securitization since 2011.
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| Penske Adds Board Member |
Dec 21st, 2012 |
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 Penske Automotive Group Inc. announced that Sandra E. Pierce has been appointed to its board of directors.
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| GM Recalls Small Trucks |
Dec 21st, 2012 |
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 General Motors is recalling 118,800 model year 2010-2012 Chevrolet Colorado and GMC Canyon vehicles manufactured from Nov. 9, 2009, through Aug. 28, 2012, for failing to comply with the requirements of Federal Motor Vehicle Safety Standard No. 113, "Hood Latch System." The hood may be missing the secondary hood latch.
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| Delinquencies to Remain Near Record Lows |
Dec 21st, 2012 |
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 TransUnion released its annual national auto loan delinquency forecast indicating that the ratio of borrowers 60 or more days past due will remain near record-low levels throughout 2013.
TransUnion also forecasts that auto debt per borrower will continue its uptrend next year, jumping from an expected $13,689 in the fourth quarter of 2012 to $14,133 at the end of 2013, a sign that auto financing will continue to grow as new- and used-car sales increase.
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| Autoweek's top 12 car reviews of 2012 |
Dec 21st, 2012 |
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The car review is our bread and butter here at Autoweek. And we reviewed hundreds of cars and trucks in 2012. Here, in no particular order, are the top car reviews that you voted on, with your mouse clicks, in 2012.
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| New Lotus Evora Sport Racer Has Unique Style, More Standard Equipment |
Dec 21st, 2012 |
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There’s a new way for European customer to order their Lotus Evora sports car, the new Sports Race package. Lotus describes the Sports Racer as “fully loaded” because almost every possible option is fitted as standard. The Sports Racer treatment is available for both versions of the Lotus Evora: the normal model, which uses a [...]
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| Quiet Milestone: Lexus Hybrid Sales Reach 500,000 Units Worldwide |
Dec 21st, 2012 |
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Lexus hybrid sales have crossed the 500,000-unit mark, the company has announced. Though the Lexus RX 400h crossover started things off for the brand in 2005, now the automaker offers more luxury hybrids than any other automaker, from the ES 300h comfortable four-door, to the GS 450h sports sedan, RX 450h midsize crossover, LS 600h [...]
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| Auto Painting 101: Mercury Grand Marquis Gets a Respray on Wide Open Throttle |
Dec 21st, 2012 |
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What do you do with a 10-year-old car with parking lot scars? Take it to a professional body shop for a complete repaint. On this episode of Wide Open Throttle, host Jessi Lang takes video production manager Brett Adkins’ 2003 Mercury Grand Marquis, aka the “Grampsmobile,” to Duran’s Quality Painting for a new look. After [...]
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| CMC reins in military cars |
Dec 21st, 2012 |
The Central Military Commission (CMC) requires its members to strictly control the use of military cars and can't advocate special privileges, said a recent regulation issued by the ...
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| Landscaper charged with vandalizing of Boynton Beach familys cars |
Dec 21st, 2012 |
A recently fired and disgruntled landscaper allegedly sought revenge against a former employer by slashing 13 tires on four different vehicles. But police say 46-year-old Carlos Veroes, of Doral, ...
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