AutoLoanOptimizer

Deadlock over auto loans makes NY's problem worse (The Journal News)

The housing bust, financial services crisis and waves of layoffs on Wall Street that caused New York state's budget crisis could soon be followed by major layoffs in upstate cities linked to the auto industry, a delegation of state officials led by Gov. David Paterson told top Democrats in Congress yesterday.

Push for auto loans a tough fight, Cockrel says (Detroit News)

Mayor Cockrel turned a previously planned lobbying trip to the Capitol into a plea for financial aid to the auto industry Wednesday, but he acknowledged that legislation to help the Big Three carmakers is in serious doubt.

3rd UPDATE: DOE Secy: May Have Loans For Auto Cos By Yr End (INO News)

WASHINGTON (Dow Jones)--The U.S. Energy Secretary on Wednesday urged Congress to modify rules for $25 billion in plant-retooling loans for cash-strapped auto companies and said the loans could be disbursed by year's end.

DOE Bodman: May Have Loans For Auto Cos By Yr End (INO News)

WASHINGTON (Dow Jones)--Auto companies have submitted five applications for $25 billion in loans to retool plants for fuel-efficient vehicles to the Department of Energy, and DOE could disburse funds by the end of the year, Energy Secretary Samuel Bodman said Wednesday.

Republican Leader Presses Compromise as Auto Chiefs Renew Plea (Bloomberg)

Nov. 19 (Bloomberg) -- Senate Republican leader Mitch McConnell pressed lawmakers to expedite $25 billion in previously approved auto loans as U.S. car company executives returned to Congress for the second straight day to plead for aid.

EMEA auto loans performance indices weaken in Q3 2008, Moody's reports (AME Info)

The performance of the asset-backed securities (ABS) auto loans transactions in Europe, Middle East and Africa (EMEA) rated by Moody's weakened further in the third quarter of 2008, says Moody's Investors Service in its latest index report on the sector.

Democrat: Gov't could revoke auto bailout loans (AP via Yahoo! News)

A Key Democrat says a House auto industry bailout would require that U.S. automakers immediately repay $25 billion in government loans next year if they can't show they're financially viable.

Auto bailout would grant $25B in loans, limit pay (San Francisco Chronicle)

Senate Democrats are proposing to deny bonuses to U.S. auto executives making more than $250,000 a year in exchange for giving the firms and their suppliers $25 billion in loans from the $700 billion Wall Street bailout. The companies would first have to give...

U.S. auto bailout would grant $25 billion in loans, limit pay (Canadian Business)

WASHINGTON - Democrats in the U.S. Senate want to deny bonuses to American auto executives making more than $250,000 a year in exchange for giving the firms and their suppliers $25 billion in loans from the $700 billion Wall Street bailout.

Auto bailout would grant $25B in loans, limit pay (AP via Yahoo! News)

Senate Democrats are proposing to deny bonuses to U.S. auto executives making more than $250,000 a year in exchange for giving the firms and their suppliers $25 billion in loans from the $700 billion Wall Street bailout.