Auto industrial site receives megasite certification (BizJournals) West Tennessee has

Auto industrial site receives megasite certification (BizJournals)
West Tennessee has a new advantage in the race to lure automotive manufacturers to the region.

Wachovia revs up deal for auto-loan business (San Jose Mercury News)
Looking to make higher-yielding consumer loans, Wachovia Corp. Monday said it was paying nearly $4 billion for a national auto finance business.

Our Readers Speak (Montana Standard)
program administered by the SBA, it's time for a reality check. In the interest of setting the record straight, let me point out that the SBA had a disaster recovery, low-interest loan program in which it directly made loans to victims of the 9/11 terrorist attacks.

Deutsche Bank Announces the Establishment of a Global Depositary Receipt Program for OAO Severstal-Auto (The Auto Channel)
LONDON--Sept. 16, 2005--Deutsche Bank today announces the establishment of a Regulation S Global Depositary Receipt (GDR) program for OAO Severstal-auto (Severstal-auto).

Investor Ross keen on Collins & Aikman US units (Reuters via Yahoo! Asia News)
(Adds details on Collins & Aikman talks with customers in paragraphs 10-11) NEW YORK, Sept 15 (Reuters) - Turnaround specialist Wilbur Ross, known for buying ailing companies and bringing them back to health, expressed an interest on Thursday in the U.S. units of bankrupt auto parts supplier Collins & Aikman ...

Wachovia Plans to Buy Auto Lender (New York Times)
Moving to expand its presence in automobile financing, the Wachovia Corporation, the nation's fourth-largest bank, agreed yesterday to acquire the financial-services holding company Westcorp and its majority-owned auto-finance group, WFS Financial, in a stock deal valued at $3.91 billion.

GMAC files shelf for $12.7 bln in notes (Reuters via Yahoo! News)
General Motors Acceptance Corp., the financing arm of auto giant General Motors Corp. , filed with regulators on Friday to periodically sell up to $12.7 billion in its SmartNotes, which will mature in 9 months to 30 years from the date of issue.

Lenders Take Dim View of Auto Industry, with Nearly 90 Percent Predicting 'Flat' or 'Weak' Sales for Big 3, According (Business Wire via Yahoo! Finance)
One-third of lenders nationwide expect sales for the Big 3 automakers and their North American suppliers to be weak over the next six months, according to the results of this quarter's Phoenix Management "Lending Climate in America" Survey.

Getting Back on Track (With a Few Derailments) (New York Times)
LIFE returned to normal this week, for better or worse. Major airlines tumbled into bankruptcy protection. Companies resumed merging with one another. Corporate executives accused of malfeasance were back in court. Union members accepted lower wages and fewer benefits to keep their jobs.