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Investments Are Faltering in Chrysler and GMAC (New York Times)
The investment fund Cerberus Capital Management is racing to salvage multibillion-dollar investments in the automaker Chrysler and GMAC, the financing arm of General Motors.
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Cerberus Capital races to salvage investment in Chrysler and GMAC (International Herald Tribune)
The news keeps getting worse for Cerberus Capital Management and its multibillion-dollar investments in the automaker Chrysler and GMAC, the financing arm of General Motors.
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Car lease deals getting scarce as Big Three pulls out (Bankrate.com)
It's getting harder to find a car to lease these days. Chrysler's financial arm recently pulled out of the car leasing business, and Ford Motor Credit, GMAC and many large banks also have announced pullbacks.
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Car lease deals scarce as Big 3 pulls out (Bankrate.com via Yahoo! Finance)
Falling residual values making lease deals less profitable for car and truck manufacturers.
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Cerberus' bet to save Chrysler near gates of hell (Akron Beacon Journal)
Stephen A. Feinberg, one of America's most powerful — and secretive — financiers, hoped to make a fortune out of the detritus of the U.S. auto industry. Instead, he seems to be losing one.
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Cerberus in the Hotseat as Auto Deals Falter (New York Times)
Stephen A. Feinberg, one of the country’s most powerful — and secretive — financiers, hoped to make a fortune out of the detritus of the American auto industry. Instead, The New York Times’ Michael J. de la Merced and Vikas Bajaj say, he seems to be losing one.
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Slowdown in US auto industry blemishes financier’s record of canny investments (Daily Dispatch)
ONE of America’s most powerful – and secretive – financiers, Stephen A Feinberg, hoped to make a fortune out of the detritus of the United States auto industry.
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High School Teachers Say Students Need More Preparation for Financial Decisions (PR Newswire via Yahoo! News)
Money Management Should be Taught In the Classroom
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GMAC Cuts Financing To Bill Heard (The Lakeland Ledger)
GMAC, which finances new car inventory for some of Bill Heard's 14 dealerships from Arizona to Florida, has discontinued credit to the company. It could be a crippling blow to the company.
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GMAC pulls Heard's credit (Columbus Ledger-Enquirer)
One of Bill Heard Enterprises' major creditors has put a squeeze on the Columbus car dealer.
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