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Job cuts, sick car sales, weak demand point to European rate cuts (AFP via Yahoo! News)
A new round of job cuts in Italy and Spain, plunging German auto sales and a eurozone report described as "horrible" pointed on Wednesday to further interest rate cuts in Europe, analysts said.
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Rate Cut (Sin Chew Jit Poh)
Rate cut has been the most talked about topic of late, and the market has been staking itself on more interest rate cuts although those involved have maintained their no-cut tone.
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Local Dealers Stress Importance of Loan (The Inter-Mountain)
As the Big Three Detroit automakers ask Congress for $25 billion to save the financially troubled businesses, local car dealers are hoping the requests are granted. Roger Bolton of Town and Country Chrysler Dodge in Belington said the survival of the domestic auto manufacturers - Chrysler, General Motors and Ford - is necessary for a full economic recovery in this country.
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Strong Sales Drive Car-Mart (Times Record)
SPRINGDALE — Cash-strapped consumers shut out of the new car market helped to push America’s Car-Mart Inc. profit up nearly 12 percent in the quarter ending Oct. 31.
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Improve Your Credit Score (Forbes)
What you thought was a good FICO score could keep you locked out of getting a loan. Here's what to do.
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MORNING AUTO REPORT: Opinions come in 7's: Worst car accessories, ways to rescue Detroit (Detroit Free Press)
The best of today's automotive news, reviews and commentary -- as well as the cool and weird -- from Freep.com and other Web sites. Check back for updates throughout the morning.
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America's Car-Mart Reports Second Quarter Earnings of $.33 Per Share On Revenue Increase of 5.5 Percent (GlobeNewswire via Yahoo! Finance)
BENTONVILLE, Ark., Dec. 2, 2008 -- America's Car-Mart, Inc. today announced its operating results for the second fiscal quarter ended October 31, 2008.
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Nissan Motor to Sell $500 Million in Auto Loan Bonds (Update2) (Bloomberg)
Dec. 1 (Bloomberg) -- Nissan Motor Co. ’s finance unit plans to raise $500 million in the first sale of U.S. auto-loan bonds since U.S. Treasury Secretary Henry Paulson said the government would shift the focus of his financial-industry rescue package toward bolstering investment in consumer debt.
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Habs could feel ripple effects of owner's loan (The Globe and Mail)
Gillett borrows $75-million against another sports asset, which might lead to pressure on storied NHL team
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Malaysian car dealers fear rate cut may hurt sales (AP via Yahoo! Singapore News)
Malaysian national car dealers said Thursday they were dismayed by the small interest rate cut by the central bank earlier this week, fearing their sales may drop as consumers wait in anticipation of lower rates.
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