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BMW Boosts Warranty on Certified 2007 Models

BMW of North America is upping the ante on its no-cost maintenance plan, adding an additional two years or 50,000 miles on select certified pre-owned 2007 models sold between Feb. 2 and March 31, reported Automotive News. The upgrade is activated when a new-car transferable four-year or 50,000-mile warranty expires. BMW customers with certified pre-owned … Read More »

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Daimler Financial Services Changes Leadership in Americas Region

FARMINGTON HILLS, Mich. — Daimler Financial Services made executive changes to the company in conjunction with the appointment of Klaus Entenmann, formerly president and CEO of the Americas region, to chairman of Daimler Financial Services AG in Berlin. Franz Reiner, formerly head of Mercedes-Benz Financial USA, is the new president and CEO of Daimler Financial … Read More »

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Toyota Financial Services Provides Incentives to Help Dealers

Toyota Financial Services is lowering interest rates on all new- and used-car loans for retail customers with credit scores of 650 or greater, reported Automotive News. The reduced rates are in effect from now through the end of February. The incentive program offers: An across-the-board rate cut of half a percentage point on finance contracts … Read More »

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Virginia Surety Announces Administrative and Marketing Agreement with Express Systems

CHICAGO – Virginia Surety Company, Inc. (VSC), a subsidiary of The Warranty Group, Inc., will provide underwriting and actuarial services for Express Systems, Inc.’s reinsured product offerings. “We are excited to announce the expansion of a nearly 20‐year relationship with Express and its associated companies,” said Mike Frosch, senior vice president of VSC. “This new … Read More »

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GMAC Likely to be Taxed as U.S. Recoups Bailout Funds

WASHINGTON – GMAC Financial Services is likely to be taxed under a new Obama administration proposal to impose a levy on U.S. banks to recoup bailout money — even as General Motors Co. and Chrysler Group are being exempted, reported Automotive News. The administration hasn’t decided how much each bank would pay or when it … Read More »

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JM Family Enterprises Ranked No. 28 on Best Companies List

DEERFIELD BEACH, Fla. — For the 12th consecutive year, JM Family Enterprises Inc. (JM Family) landed on FORTUNE magazine’s list of America’s “100 Best Companies to Work For,” coming in at No. 28. Two thirds of a company’s score is determined by the results of anonymous surveys sent to randomly selected associates, the remainder from … Read More »

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