Car Loan News

Financial times are as tough as ever, but it is firms such as the insurer Admiral Group PLC which proves there is room for improvement. The finances of the group are on the rise, as it posted a 21% rise in first-half pre-tax profit. And there’s good news for the employees, too.

While most of us in the west are probably not even aware that there is a car maker called Mahindra, it comes as a surprise, then, to find out that the not-so-known Indian marque has aspirations of financial success on a global scale

The SA Institute of Professional Accountants (Saipa) has applauded and welcomed the government’s ruling to reduce the rise in company car tax that was announced in February.

The new plate is out soon, and buyers hoping to get a good deal could be left feeling a bit short changed.

With the up and coming new ‘60’ plate soon to hit showrooms, it is hoped the allure of a shiny new plate will tempt consumers to keep buying.

GM has secured a car loan deal that see’s a three way tie with Ally Financial, a SAIC Motor affiliate and GM’s newly acquired venture with SAIC. With this news, GM, like many motor manufacturers is looking to target the Chinese market for car finance and car loan deals.

Induslnd Bank LTD (IBL) has signed a significant memorandum of understanding (MoU) with Toyota Kirloskar Motor Pvt LTD (TKM) to secure and extend car finance for it’s future and current customers.

More people bought cars using dealer car finance during the first six months of this year than buying the car out-right.

The Bavarian marque, Mercedes-Benz, has posted incredible figures for the first seven months of this year in India.

The recently announced slump in sales during the month of July has created an opportunity for the bargain hungry car finance consumer to grab a deal. Dealers will be keen to offer customers some exciting deals and companies such as www.netcars.co.uk will be able to find you a great offer.

The Honda Civic Type-R is a bit of a rare breed in hot-hatch-ville. It’s naturally aspirated 2.0-litre; 198bhp i-Vtec engine is one that has received great praise from enthusiasts and journalists alike.

It’s a real brain puzzler when you think about it. We have reports coming from light, right and centre saying that the small car market is struggling, Ford is struggling, GM is struggling, so it seems everyone is struggling.

Reports are in that car sales in India have reached a record monthly peak during July. The hike comes from new consumers looking to use car loans, finance and out-right sales to their advantage.

The finances of almost all car manufacturers have been public knowledge over the past few years. And with Ford being one of the world’s most important marques, its success is of paramount importance for the economy for both the UK and the US.

We Brits are familiar to a bit of government company buy-outs. We are also relatively familiar – as tax payers – to being financially raped by failing companies. But I think as Brits, we can give some sympathy to the Yanks.

Despite the ending of the recession, the past few months have been a welcome boost for our economy within the motoring industry. Profits, sales, car loans and finances have all risen and it was looking pretty rosy.

Detroit was once a by-word for motorcars and Mo-town music. The former was synonymous with the city, and such was the success of the manufacturing trade, the city became world-famous for the production of quality cars.

Toyota’s earnings for the quarter ending June 30th are in, and it’s a big surprise indeed. Despite the PR nuclear bomb that was the infamous recall, the world’s biggest car maker has posted figures that are up 27% from the same time last year.

July’s car sales figures are in, and it’s good news. The US car industry – the same industry that Barack Obama praised a few days ago – is back with improved finances and sales.

The Tokai Challenger is a solar race car that has been equipped with state-of-the-art Sharp solar cells. Surprisingly, for such a quirky idea, the solar race car actually works, and to prove it, its inventors have entered it into the South African Solar Challenge 2010.

An in-form Barack Obama served up a heated defence of the $85 billion domestic motor industry finance bailout. He continued to praise the revitalisation of the economy and that of the industry itself.