Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.
Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in Europe that totaled 704 million euros ($903 million) in [...]
Are you tired of driving around during one of El Paso’s hottest summers in a car that has no AC, or one that constantly breaks down and just isn’t cutting it anymore? If this is the case, it’s about time you upgrade your vehicle. While many people opt to buy a brand new car, it’s often better to choose a used car. Not only can you get a car in great condition, you can get one for a great price. Another great thing about buying used? “Buy here pay here” used car financing, which can help you get financing to buy a car that may be above your price range without having to worry about things like your [...]
Looking for a new car can be stressful due to price and commitment, which is why some people consider a used car. It is common for used car dealerships to get a bad rap, however, it doesn’t have to be that way. There are steps you can take in order to have a positive experience when looking at used cars for sale. If you want an easy sale with no issues, our team at Express Auto Credit, in El Paso, can help you.
Setting A Price Range is Helpful
Choosing a price range for your potential purchase will be an important factor in finding the best vehicle. This will allow you to narrow down the results into a category that you are able to afford. From there you can [...]
If you’re on a budget but need a new car, there are some things you will probably want to take into consideration. You should consider purchasing a used car because it is possible to find great ones that are in excellent condition. If you are in Socorro, Texas, try searching for used cars on Alameda. There are plenty of great cars in our inventory at Express Auto Credit. Don’t sit back wishing for a new car when you have the capability to go and make one yours.
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Used cars are a great option for someone on a budget. The reason for this is because there are plenty of used cars available for reasonable prices. You don’t have to put yourself in a financial burden just because you want [...]
Car salespeople, particularly those that sell used cars get a bad rap. They have been accused of swindling and selling things that cannot be delivered. But not all car salespeople, like us here at Express Auto Credit, are like this. With us, buying a car is more like having a conversation. Still, here’s a guide for chatting with car dealers.
Chatting with Car Dealers
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Most car buyers do not take the time to shop for used car financing before going to the dealership. This is a big mistake that many dealers can easily take advantage of. Those who do not take the time to research their options are more likely to have hidden fees passed on to them. This is because most people do not realize is that dealers do not finance the car loans. They are the middlemen who simply arrange to finance using their relationships with banks and financing companies.
What to Look Out for in Used Car Financing
One of the biggest scams that people fall for when it comes to used car financing is having the dealer unknowingly increase the monthly payments by adding such things as a warranty and [...]
Have you ever thought about the benefits of purchasing used cars for sale rather than new cars? Contrary to some beliefs, there are actually many benefits of investing your money in the right used car. Being on a budget can be tough but even then, you can still find a great car to get around in. If you are in El Paso or the surrounding areas, Express Auto Credit can help you find an excellent used car. Our team knows the importance of having a reliable car to get you to work and other important life functions.
Late Model Cars at a Lower Price
So why consider used cars for sale? One great reason is because you can get a late model car for an excellent and much lower price. Late model cars [...]
Finding a car that is reliable is very important for anyone who works or needs to get their kids to and from school as well as other activities. Everyone has probably experienced a moment where his or her car wasn’t working properly. It can be a moment of helplessness. If you are looking for a great used car that will not let you down, you should do some research or Alameda car dealers in the area. One that you will find to be especially reputable is Express Auto Credit in Socorro. Our team at Express Auto Credit has a number of great, certified pre-owned vehicles in excellent condition.
Find Certified Pre-Owned
Searching for a used car can seem stressful because you might think you will find lots of things wrong with it. However, if you [...]
Shopping for a used car can be a great way to save money. But how can you tell the good from the bad? Well, all it takes is few signs to look for. Express Auto Credit has years of experience with used cars for sale. The biggest difference in buying a good car, or buying a bad one, is in the checking. In order to make the best decision, you should know what to look for.
What Are Good Used Cars For Sale?
Good used cars for sale are cars that will not cause you problems once off the lot. There are several ways to tell if the car you are looking at is worth the price. First, check the engine. You should do this two time. Once while [...]
With the economy the way it is, getting more for your money is more important than ever. When it comes to car shopping, getting something used is becoming more popular. This means going to dealerships more often, as you try to find the best deal. Express Auto Credit is a quality used car dealership. However, going to a used car dealer can be pretty daunting. How do you know what they are telling you is true? Can you trust any car dealer? What is a good deal? What is a bad deal? And of course, how can you tell? Being able to answer these question is a matter of knowledge and experience. There are signs for good and bad dealerships, which can help you navigate this world of used car buying.