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2-24-04 "Buying a car on loan today works out cheaper than going for a home loan and the interest rate is almost on par with the government borrowing rates. " Click here to read the rest of the story "Advocates of a hydrogen-powered future -- when cars run on nonpolluting fuel cells -- liken their vision to shooting for the moon. Now some environmentalists and auto makers are talking up a less ambitious, and less clean, half-step: cars that burn hydrogen in fairly conventional internal-combustion engines. " Click here to read the rest of the story "With India fast emerging as a global hub for manufacture of passenger cars, it plans "to initiate a special Rs.17 billion project to provide world-class facilities to accelerate the development of the auto sector", Minister of Heavy Industries Subodh Mohite said here Thursday." Click here to read the rest of the story " About 6,500 United Auto Workers members at American Axle are on strike across the country. " Click here to read the rest of the story 2-23-04 "The fast track to lower insurance premiums lies in a "no-frills" insurance scheme unveiled yesterday, industry heavyweights say." Click here to read the rest of the story "Car dealerships are tempting buyers into buying new cars with lower payments and longer contracts. However, the "less for longer" philosophy can accelerate debt." Click here to read the rest of the story "The charges related to failing to pay off loans against vehicles traded into his dealership. Authorities said Swalve later sold the vehicles to customers who did not know the prior loans had not been paid. He also sold several extended warranty contracts and failed to provide payment to the warranty company, prosecutors said." Click here to read the rest of the story "Total credit card and car loan debt, (excluding mortgages,) translates into an average debt load per U.S. household of $18,700." Click here to read the rest of the story "Police said they arrested the men after an officer found a stolen vehicle on Feb. 22 in the parking lot of the Fairfeld Inn in Norcross. The car was linked to a carjacking on Sugarloaf Parkway, where the first car was stolen. Police placed the motel parking lot under surveillance and made the arrests when three of the men returned to the scene." Click here to read the rest of the story "There are indications the auto industry can sustain a moderate rise in incentives, J.P. Morgan analyst Himanshu Patel said Wednesday." Click here to read the rest of the story 2-3-04 Customers who expect they're getting the interest rate set by the lender don't realize that the rate includes "an undisclosed but widely practiced markup" at the dealership, said the report, which was issued last Monday. Click here to read the rest of the story Vehicle sales plunged 12 per cent in Canada last month from year-earlier levels, prompting industry officials to blame the sixth successive monthly slide on economic fears and a saturated new vehicle market. Click here to read the rest of the story General Motors Corp. and Ford Motor Co. on Tuesday posted surprisingly weak U.S. vehicle sales in January, hurt by an aging lineup, while Japanese competitors Toyota and Nissan both scored impressive gains. Click here to read the rest of the story Toyota led Asian car makers deeper into the American market at the start of 2004, closing in on the Big Three US manufacturers as the economy brightened. Click here to read the rest of the story 2-2-04 " A fading trend in recent years because of price incentives for car buyers and big losses for banks and automakers, auto leasing is expected to regain popularity this year." Click here to read the rest of the story "... Dealers and lenders enable all this by happily refinancing, say, $3,000 in old debt and writing a loan for the full retail price of$30,000, knowing that the buyer really paid $27,000 post-discount." Click here to read the rest of the story "... Only winter tires are designed to excel in the colder temperatures, slush, snow and ice that many parts of the country experience for three or more months a ... " Click here to read the rest of the story "EBay bought one of the largest online used-car markets in Germany for 121 million euros (USD151.25 million) Monday" Click here to read the rest of the story 1-29-04 "Secretive auto financing charges cost consumers $1 billion each year, and blacks and Hispanics are particular targets, a consumer advocacy group said Monday." Click here to read the rest of the story "Ask yourself if you may get tired of the car. Perleberg says it's OK to stretch out the loan for 72 months -- but only if you think you're going to keep the car for a long time." Click here to read the rest of the story "Credit-card debt was bad enough. Now people are running financial red lights in automobiles. Nearly three in 10 new-car buyers are discovering they're "upside down" -- they owe more money on their current cars than they're worth in trade." Click here to read the rest of the story "Rates are partially based on your driving record, the number of miles you drive every year and your driving experience. However, state regulations also allow insurers to base their auto premiums on a policyholder's ZIP code and gender or marital status." Click here to read the rest of the story |
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