Scott Talley Special to the Detroit Free Press Published 12:01 AM EST Nov 9, 2018 For staff at Credit Acceptance Corporation, being “direct,” which translates to “communicating in a clear fact-based manner,” is a company core value. Therefore, chief financial officer Ken Booth has no problem stating how many view his company. “We’re kind of the lender of last resort for a lot of people,” Booth said about his Southfield-based company, which allows auto dealers to finance any consumer for a vehicle loan regardless of credit history. “We’re willing to give people a chance and we change lives.” Credit Acceptance also is willing when it comes to creating an employee friendly work culture, and has once again earned a top spot (No. 5) in the Free Press Top Workplaces large company category. “We create a workplace where everyone looks forward to coming in to work and seeing they can make a … [Read more...] about Top Workplace Credit Acceptance Corporation bets it all on core values
Credit problem car dealers
By Patrick May | [email protected] | Bay Area News Group PUBLISHED: September 4, 2018 at 11:28 am | UPDATED: September 4, 2018 at 3:21 pm A story this week gave us all one more reason to hate the California Department of Motor Vehicles. The branch offices, for technical reasons, are apparently unable to accept credit cards for payment. That’s right. A sprawling and sophisticated system employing nearly 9,000 people on an annual budget of more than a billion dollars, charged with regulating everything from car dealers to vanity plates and responsible for maintaining records for 34,000,000 driver’s licenses – and they can’t run your Mastercard. While we let that sink in, the lines outside the state’s motor-vehicles branches continue to form out the door and against a soundtrack of angry tweets. Hear them roar (the angry tweets interspersed with happy tweets from the DMV touting their services!): [email protected]_DMV Solid web design. If only I could … [Read more...] about Got a problem with the DMV? Get in line!
Phoebe Wall Howard Detroit Free Press Published 7:09 p.m. UTC Aug 29, 2018 Moody's Investors Service issued an alert Wednesday that downgraded the rating of Ford Motor Co. to the lowest investment grade possible and said "The outlook is negative." The rating, Baa3, "is the lowest investment grade rating, one rung above speculative grade. It signifies the likelihood of a default," a Moody's spokesman told the Detroit Free Press. This analysis "reflects the erosion in the company's global business position and the challenges it will face implementing its Fitness Redesign program," Moody's said. Ford spokesman Bradley Carroll said within minutes of hearing of the report, “Since coming through the Great Recession, Ford Motor Company has delivered year after year of solid financial results and operating cash flows. The company has a strong balance sheet, which provides financial flexibility. We know we can capitalize on our strengths, bolster … [Read more...] about Ford’s credit rating just dropped to one notch above junk
Jamie L. LaReau Detroit Free Press Published 4:28 p.m. UTC Jun 21, 2018 The car business is male turf, with women composing only about a quarter of the workforce. That figure won't be changing anytime soon judging by the reaction to a recent Free Press story I reported about sexism in the car business. The responses, mostly from men, to the story, "Strip Clubs, stupidity: Boys club lingers in the car business," ranged from insulting dismissal to downright rage. The negative reaction isn't surprising. I've been reporting business news for more than 20 years. When I started covering the futures markets in Chicago in 1998, open outcry still reigned on the trading floors. I went daily to the trading floor in the Chicago Mercantile Exchange to write a market report. It was nearly all men there, and while I met some of the best and most professional men of my career, I also met some of the worst. It was a … [Read more...] about Hate mail reinforces the gender divide in the car business
Jamie L. LaReau Detroit Free Press Published 11:15 p.m. UTC Jun 14, 2018 Despite the female rallying cries of the #MeToo and #TimesUp movements, the male-dominated auto business remains plagued by inappropriate to illegal behavior against women in the workplace, experts said. In fact, women compose barely more than a quarter of all auto industry employees, and data show that's not growing. Those in the industry tell of being ogled, business outings by male colleagues to strip joints or more subtle issues, such as desk locations at dealerships that make sales less likely. The lingering troubles were highlighted this month when an arbitrator ruled that auto supplier Visteon had reason to fire its former CEO Timothy Leuliette for downloading pornography and soliciting prostitutes on his work computer. More: Report: Visteon executive fired over porn, prostitutes While behavior such as Leuliette's is "not really sexual harassment," … [Read more...] about Strip joints, stupidity: Boys club lingers in the car business