Bankruptcy bad credit auto loan
Top-level White House officials should push hard, using emergency measures if needed, to make sure that $25 billion in low-cost loans start flowing to U.S. automakers before the George W. Bush administration leaves office, former Michigan Gov. John Engler said in a speech today at the Detroit Economic Club.
Moody’s lowers ratings outlook on Advance Auto (AP via Yahoo! Finance)
Credit ratings agency Moody’s Investors Service cut its rating outlook on Advance Auto Parts Inc., saying improvement at the auto parts retailer is slowing and its sales environment will continue to remain difficult.
Engler urges White House to quickly approve auto loans (Detroit News)
DETROIT — Former Michigan Gov. John Engler today called on the White House to intervene to ensure that the Energy Department quickly moves to grant $25 billion in government-issued low-cost loans to automakers by the end of January.
Briefs: GMAC limits auto loans to credit scores of 700 or better (Fort Worth Star-Telegram)
DETROIT GMAC, the consumer-finance arm of General Motors, said it will limit auto loans to customers with credit scores of at least 700, making it harder for some to buy a car or truck.
TOM WALSH: Hurry with auto loans, Engler says (Detroit Free Press)
White House officials should push hard, using emergency measures if needed, to ensure that $25 billion in low-cost loans start flowing to U.S. automakers before the Bush administration leaves office, former Michigan Gov. John Engler said in a speech Monday at the Detroit Economic Club.
