Light & Medium Truck | Daimler to Drop Sterling Brand, Eliminate 3,500 Jobs: "In a sweeping move, Daimler AG announced today that it was dropping the Sterling Trucks brand, eliminating about 3,500 jobs and closing two of its factories as it reorganizes its North American operations."
They are keeping Western Star and Freightliner, though Freightliner is pulling out of Portland. Freightliner's Cascadia model will be built in Mexico. Ironic, isnt' it, that something named Cascadia will be built in Mexico.
Tuesday, October 14, 2008
Briefs: GMAC limits auto loans to credit scores of 700 or better | Business | Star-Telegram.com
Briefs: GMAC limits auto loans to credit scores of 700 or better | Business | Star-Telegram.com: "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. GMAC also raised what it charges auto dealers for making loans that aren’t part of special incentive programs, increasing the rate by 0.75 percentage point, the company said Monday. Most loans will be limited to 60 months. GMAC is tightening credit as it and GM battle speculation about their survival."
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