Senator skeptical of GM resuming loans
General Motors, the automaker 61 percent owned by the U.S. Treasury, is facing criticism over its decision to pay .5 billion to buy a lender that specializes in auto loans to shoppers with less than top-notch credit.
Read more on Fort Wayne Journal Gazette
Small Businesses Find Chamber, Lobby Allies Mute on Billion U.S. Aid
Small U.S. businesses pushing for a billion federal lending fund are making their case without the support of some supposed allies: Washington lobbying groups who say they represent small businesses.
Read more on Bloomberg
Auto sales recovery pushes AutoNation 2Q higher
A thawing market for auto loans helped customers buy more cars and trucks in the second quarter, lifting AutoNation’s net income by nearly 30 percent, the country’s largest dealership chain said Thursday.
Read more on AP via Yahoo! News
