Financial Services News
Hertz Continues to Claim It Has Lead Over Avis in Potential DTAG Merger -- September 02, 2010
PARK RIDGE, N.J. — In a presentation Hertz provided to its Institutional Shareholder Services/RiskMetrics Group earlier this week, Herz management revealed that a merger by Avis Budget and Dollar Thrifty "poses a far higher anti-trust risk than a merger of Hertz and Dollar Thrifty." As part of the presentation, the company showed ... [ Full Story ]
Old GM Files Chapter 11 Plan for Bankruptcy Court Approval -- September 01, 2010
DETROIT — Motors Liquidation Co. is seeking the approval of a federal bankruptcy court for a plan outlining how the assets and liabilities of "Old GM" will be handled going forward. It is now up to ... [ Full Story ]
Fleet Lease Disposal Representative Passes Away -- September 01, 2010
DELRAY BEACH, Fla. — Fleet Lease Disposal (FLD) said its fleet sales representative recently passed away. FLD executives indicated Gary Ward ... [ Full Story ]
Polk: Commercial Used-Vehicle Registrations Soar -- August 31, 2010
SOUTHFIELD, Mich. — Thanks in large part to the tough economy, it appears many fleet managers and companies are turning to used vehicles to fuel their fleets. For the first two quarters of this year, used commercial registrations soared by almost ... [ Full Story ]
Best Practices from Lenders to Take Center Stage During NRC Panel -- August 30, 2010
CARY, N.C. — The recent recession has forced recovery agencies into conditions rarely seen previously, as consumers cope with high unemployment levels that impact their ability to pay bills. While the repossession level appears to be improving somewhat, the demand for strong recovery agents remains as analysts forecast that the economic recovery will be slow in coming. What are some of the key practices and strategies lenders look for and implement in these tough times? ... [ Full Story ]
Experian: 2Q Repo Rates Vary Greatly by Lender Type -- August 30, 2010
SCHAUMBURG, Ill. — While Experian Automotive found repossession rates by banks, captive auto finance companies and credit unions actually dropped during the second quarter, it was a different story for finance companies. The significant percentage increase in repos tied to finance companies and "other" was ... [ Full Story ]