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Nuvell Financial Services
Nuvell Financial Services was a subsidiary of GMAC (now Ally Financial) that originated subprime auto loans. In March 2009, the company was shut down by its parent. Nuvell was based in Little Rock, Arkansas, with other offices in Bedford, Texas, Jacksonville, Florida, Greeley, Colorado, and Anaheim, California. Nuvell also serviced loans for American Suzuki Financial Services and Saab Group (SFSC). History The company was founded in 1997 when GMAC acquired the assets of LSI Holdings Inc. In June 1998, Tommy Pritchard was appointed president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsident ... of the company. In February 2000, the company began buying contracts originated by dealers affiliated with National Auto Finance Co., as long as they met Nuvell's standards. In March 2009, t ...
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Little Rock, Arkansas
Little Rock is the List of capitals in the United States, capital and List of municipalities in Arkansas, most populous city of the U.S. state of Arkansas. The city's population was 202,591 as of the 2020 census. The six-county Central Arkansas, Little Rock metropolitan area is the Metropolitan statistical area, 81st-most populous in the United States with 748,031 residents according to the 2020 census. As the county seat of Pulaski County, Arkansas, Pulaski County, the city was incorporated on November 7, 1831, on the south bank of the Arkansas River close to the state's geographic center in Central Arkansas. The city derived its name from a rock formation along the river, named The Little Rock, the "Little Rock" by the French explorer Jean-Baptiste Bénard de la Harpe in 1722. The capital of the Arkansas Territory was moved to Little Rock from Arkansas Post, Arkansas, Arkansas Post in 1821. Little Rock is a cultural, economic, government, and transportation center within A ...
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Car Finance
Car finance refers to the various financial products which allow someone to acquire a car, including car loans and leases. History Car financing started with the General Motors Acceptance Corporation circa World War 1. Car purchases The most common method of buying a car in the United States is borrowing the money and then paying it off in installments. Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly. Indirect financing is arranged by the car dealership where the car is purchased. Legally, an indirect “loan” is not technically a loan; when a car buyer obtains financing facilitated by a dealership, the buyer and dealer sign a Retail Installment Sales Contract rather than a loan agreement. The dealer then typically sells or assigns that contract to a b ...
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Ally Financial
Ally Financial Inc. (known as GMAC until 2010) is an American bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements. Ally is one of the largest car finance companies in the U.S., providing car financing and leasing for 4.1 million customers and originating 1.2 million car loans in 2023. It is on the list of largest banks in the United States by assets and has 2.0 million depositors. The company has sold more than five million vehicles, including 505,000 vehicles sold in 2023 via its SmartAuction online marketplace for auto auctions, launched in 2000. History 1919–1990 The company was founded in 1919 by General Motors (GM) as the General Motors Acceptance Corporation (GMAC) to provide financin ...
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Bedford, Texas
Bedford is a city located in northeastern Tarrant County, Texas, United States, in the "Mid-Cities" area between Dallas and Fort Worth, Texas, Fort Worth. It is a suburb of Dallas and Fort Worth. The population was 49,928 at the 2020 United States Census, 2020 census. Bedford is part of the Hurst-Euless-Bedford Independent School District. Geography According to the United States Census Bureau, the city has a total area of , of which 0.10% is water. Neighboring cities include Hurst, Texas, Hurst and Euless, Texas, Euless. Prominent highways include Texas State Highway 121, State Highway 121 and Texas State Highway 183, State Highway 183, also known as Airport Freeway (a reference to the Dallas/Fort Worth International Airport, so called because this was the main thoroughfare to the airport in the early years of its history). Demographics As of the 2020 United States census, there were 49,928 people, 20,089 households, and 12,431 families residing in the city. Local governm ...
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Jacksonville, Florida
Jacksonville ( ) is the most populous city proper in the U.S. state of Florida, located on the Atlantic coast of North Florida, northeastern Florida. It is the county seat of Duval County, Florida, Duval County, with which the City of Jacksonville Jacksonville Consolidation, consolidated in 1968. It was the List of United States cities by area, largest city by area in the contiguous United States as of 2020, and became the 10th List of United States cities by population, largest U.S. city by population in 2023. Jacksonville straddles the St. Johns River in the First Coast region of northeastern Florida, about south of the Georgia state line ( to the urban core/downtown) and north of Miami. The Jacksonville Beaches communities are along the adjacent Atlantic coast. The area was originally inhabited by the Timucua people, and in 1564 was the site of the French colony of Fort Caroline, one of the earliest European settlements in what is now the continental United States. Under B ...
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Greeley, Colorado
Greeley is the home rule municipality city that is the county seat and the most populous municipality of Weld County, Colorado, United States. The city population was 108,795 at the 2020 United States census, an increase of 17.12% since the 2010 United States census. Greeley is the tenth most populous city in Colorado. Greeley is the principal city of the Greeley, CO Metropolitan Statistical Area and is a major city of the Front Range Urban Corridor. Greeley is located in northern Colorado and is situated north-northeast of the Colorado State Capitol in Denver. The city is a college town, home to the University of Northern Colorado and Aims Community College. History Union Colony Greeley began as the Union Colony of Colorado, which was founded in 1869 by Nathan C. Meeker, an agricultural reporter for the ''New York Tribune'', as an experimental utopian farming community "based on temperance, religion, agriculture, education and family values," with the backing ...
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Anaheim, California
Anaheim ( ) is a city in northern Orange County, California, United States, part of the Greater Los Angeles area. As of the 2020 United States census, 2020 census, the city had a population of 346,824, making it the most populous city in Orange County, the List of municipalities in California, tenth-most populous city in California, and the List of United States cities by population, 57th-most populous city in the United States. The second largest city in Orange County in terms of land area, Anaheim is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two professional sports teams: the Los Angeles Angels of Major League Baseball (MLB) and the Anaheim Ducks of the National Hockey League (NHL). It also served as the home of the Los Angeles Rams of the National Football League (NFL) from 1980 through 1994. Anaheim was founded by fifty German American, German families in 1857 and municipal corporation, incorporated as the second city in Los Angel ...
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Suzuki
is a Japanese multinational mobility manufacturer headquartered in Hamamatsu, Shizuoka Prefecture, Shizuoka. It manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs and a variety of other small internal combustion engines. In 2016, Suzuki was the Automotive industry#By manufacturer, eleventh biggest automaker by production worldwide. Suzuki has over 45,000 employees and has 35 production facilities in 23 countries, and 133 distributors in 192 countries. The worldwide sales volume of automobiles is the world's tenth largest, while domestic sales volume is the third largest in the country. Suzuki's domestic motorcycle sales volume is the third largest in Japan. History In 1909, Michio Suzuki (inventor), Michio Suzuki (1887–1982) founded the Suzuki Loom Works in the small seacoast village of Hamamatsu, Japan. Business boomed as Suzuki built loom, weaving looms for Japan's giant silk industry. In 1929, Michio ...
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Saab Group
Saab AB (originally , , acronym SAAB), with subsidiaries collectively known as the Saab Group (), is a Swedish aerospace and defence company primarily operating from Sweden. The company is headquartered in Stockholm, but its development and manufacturing operations are undertaken in Linköping. The company was formally founded by AB Bofors in 1937, by reforming the aero engine division of company NOHAB (founded in 1930), located in Trollhättan, into a proper aircraft manufacturer. It would soon merge with aircraft manufacturer ASJA (founded in 1931), located in Linköping, in 1940, which had it own design bureau and is considered the spiritual predecessor to today's Saab AB. This formed the SAAB- concern, with the factory in Trollhättan becoming ''SAAB/T'' and the factory in Linköping (previously ASJA) becoming ''SAAB/L'' and design headquarters. From 1947, Saab started producing automobiles, the automobile division being spun off as Saab Automobile in 1990, a joint vent ...
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Automotive News
''Automotive News'' is a weekly newspaper established in 1925, written for the automotive industry, predominantly for individuals corresponding with automobile manufacturers and automotive suppliers. It is based in Detroit and owned by Crain Communications Inc. Globally, there are more than 55 editors and reporters. The company's headquarters is located at 1155 Gratiot Avenue in downtown Detroit, Michigan. History The first issue of ''Automotive News'' was published under the name ''Automotive Daily News'' in New York on August 27, 1925, by Slocum Publishing, with George Slocum as its Detroit advertising manager. The chief backer of ''Automotive Daily News'' was Bernarr Macfadden. In 1933, Slocum purchased the other investors' interests, moved the newspaper to Detroit, as well as switching to only publish on Wednesday and Saturday instead of five times a week. In June 1938 the Wednesday issue was discarded, and the June 4 issue was the first to use the name ''Automotive ...
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American Banker
''American Banker'' is a New York-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, but continues to be published as a print magazine nine times a year. The first issue of ''American Banker'' was published in 1885, although it has been considered a continuation of the earlier '' Thompson's Bank Note Reporter'', a bank note reporter which began publication in 1842. Although often confused with the American Bankers Association or other industry trade groups, ''American Banker'' is unaffiliated with any portion of the banking industry. It is an independent trade publication. History ''American Banker'' claims descent from '' Thompson's Bank Note Reporter'', a periodical published by John Thompson. For this reason, ''American Banker''s masthead gives a founding date of 1836, though the best available evidence suggests that Johnson's paper began publication in 1842. During the free bank ...
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President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate Job, position (as opposed to being combined with a "Corporate title#Senior management, C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely Definition, defined; the president is usually the legally Legal recognition, recognized highest rank of Corporate title, corporate officer, ranking above the various Vice president#In business, vice presidents (including senior vice president and executive vice president), but on its own generally considered Hierarchy, subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come fr ...
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