Tesla – On Its Way To Michigan?

You may or may not know that Tesla has been selling cars in New Jersey.  Recently, the FTC has once again put its focus on Michigan. Three staff members recently wrote an eleven page letter to Michigan state Senator Booher. The issue at hand is a recent law in Michigan that bans direct sales of cars, which is the only way Tesla sells cars.

The three FTC members wrote the Senator to say the FTC supports the movement to allow direct sales to consumers. While these three FTC employees may not express the views of the entire commission, it shows the mindset of the commission is leaning in favor of direct sales.

Read the full article here:
http://www.autoblog.com/2015/05/12/ftc-tesla-sell-direct-michigan/

2014 Dodge Charger Pursuit Police Car is America’s Fastest AWD Sedan

Criminals in Michigan have got it tough. Not only do they live in Michigan, but they also have to be on the constant look out for the Michigan State Police who are now driving the 2014 Dodge Charger Pursuit, which has just won the title of being America’s fastest all-wheel-drive car.

At this year’s Police Vehicle Evaluation at Grattan Raceway, the Michigan State Police got the AWD Dodge Charger Pursuit to set a time of 1:33.85, which is so fast that it is less than a tick of the second behind the 1:33.70 record for rear-wheel-drive cop cars set last year.

The talking heads at Chrysler are predictably pleased with the time posted by the the HEMI-powered sedan housing a 370-hp V8 engine. “With the record-holding rear-wheel drive Dodge Charger Pursuit and now the fastest-ever recorded all-wheel drive model, Chrysler Group offers those who protect and serve us with the best pursuit-rated sedans in the business. And with the only test cars achieving lap times less than 1:34, Dodge Charger Pursuit highlights the segment’s best combination of world-class technology, acceleration, braking, handling and dynamics” said, Peter Grady, Vice President of Network Development and Fleet for Chrysler.

GM Warren Plant Builds 2 Millionth 6-Speed Transmission

Word out of General Motors Warren Transmission Operations facility is that its busy-bees have built their two millionth six-speed transmission. In celebration of the marked accomplishment, the General Motors Foundation is giving a total of $70,000 in grants to a number of organizations in Warren, MI, to include the Warren Symphony Orchestra, Family Youth Interventions, the Big Brothers/Big Sisters of Metropolitan Detroit, Macomb Science Olympiad, Clinton River Watershed Council, Winning Futures, Judson Center, and Warren Lions Club. This foundation is on pace to grant $1.6 million to community-service organizations in the 45 cities that are home to General Motors’ plants and facilities.

General Motors places the six-speed transmissions into many vehicles to include the Buick Enclave, Cadillac XTS, Chevrolet Traverse, Chevrolet Equinox, Chevrolet Impala and Chevrolet Malibu, GMC Acadia, and GMC Terrain.

Michigan-Based Credit Acceptance Corp Posts Strong Q1

With sales force and loan terms increasing, Credit Acceptance Corp is on the rise. With a 9.8 million dollar increase in net income in comparison to last year’s first quarter, the company has proudly reflected on its accomplishments. Loan contract terms have reached a competitive length of 48 months, in comparison to the past’s 36 months, which now gives Credit Acceptance Corp a tactical advantaged to expanding its edge on the competition. A redesigned focus that’s geared towards positive collections and dealer support adds hope for a promising future. Such hope aspires that in four years this quarter will be viewed as the great launch off that birthed great future success.

Read the full article here:
http://www.subprimenews.com/spn/news/story.html?id=2916

Peninsula Credit Union Auto Loans: 1.99% APR for 24 Months

It is important that new and first time car owners be able to purchase the car they want, and doing so may at times require them to take out a short term loan to buy the car of their dreams. Peninsula Credit Union is able to offer well qualified individuals short term 24 month loans with a fee of 1.99%, providing the time and funds necessary to acquire the desired vehicle. Short-term auto loans like these result in higher monthly payments, but borrowers end up paying much less in total interest.

Read the full article here:
http://www.gobankingrates.com/auto-loans/peninsula-credit-union-1-99/

VantageScore 3.0 Gives 27 Million More Consumers a Score

Recently, VantageScore Solutions LLC released their new product VantageScore 3.0, and the author of this article takes a gander at what this could mean for consumers. Some of the updated changes including easier ways to interpret your credit score and protection when a natural disaster occurs.  They have also loosened criteria to allow 27+ million more consumers to have a score.

Read the full article here:
http://www.creditsesame.com/blog/what-does-the-new-vantagescore-credit-score-mean-for-consumers/

Cheapest And Most Expensive States For Car Insurance

This article presents information on the cheapest and most expensive average costs of insurance by state. It lists Louisiana and Michigan as the most expensive states, with Maine and Iowa being the least expensive. An explanation regarding Michigan’s high premiums includes a policy of guaranteed unlimited lifetime personal injury protection benefits for treatment of injuries from a car crash.

Read the full article here:
http://www.autoweek.com/article/20130318/CARNEWS/130319814?utm_source=rss&utm_medium=feed&utm_campaign=&utm_source=twitterfeed&utm_medium=twitter

Wells Fargo to Replace Ally as New Car Lender for GM?

Wells Fargo, the nation’s largest used car loan provider, has established a new relationship in lending for new cars to General Motors customers. General Motors has ended their primary lender relationship with Ally Financial – previously the nation’s leading auto lender – paving the way for Wells Fargo to provide incentives and indirect financing options for 1600 GM dealerships.

Read the full article here:
http://autofinancenews.net/profiles/blog/show?id=2192375%3ABlogPost%3A69736&xgs=1&xg_source=msg_share_post