AP – Auto dealers and community banks are central to consumer finance. Millions of Americans will be affected because they escaped oversight by the new Consumer Financial Protection Bureau.
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AP – Auto parts supplier Visteon Corp. said Friday that its first-quarter earnings rose sharply on higher sales and a gain from the company’s termination of its retirees health and life insurance benefits.
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The Motley Fool – It was another wild week for the major auto players, one in which Fiat and Chrysler displayed the first fruits of their marriage, General Motors paid down some debt, and the suddenly very major Beijing Auto Show got under way.
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AP – Struggling auto and mortgage lender GMAC spent $265,000 on lobbying in the fourth quarter, much less than before it received a $17.2 billion government bailout.
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AP – Former workers for auto parts supplier Visteon Corp. are pushing ahead with their fight to preserve their retiree health and life insurance benefits.
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AP – A Delaware bankruptcy judge on Tuesday refused to halt implementation of his order allowing auto parts supplier Visteon Corp. to terminate its retirees’ health and life insurance benefits.
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AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.
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AP – TransUnion said Monday that customers at least 60 days past due on repaying auto loans fell 6 percent during the fourth quarter compared with the same period a year earlier.
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AP – Attorneys for retired Visteon workers are appealing a bankruptcy judge’s order allowing the auto parts supplier to terminate their health and life insurance benefits.
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