Companies

DriveTime, the national automotive retail chain was sold last week, subject to regulatory approvals, in two separate transactions, including the $700 million sale of its vehicle finance portfolio to Santander Consumer USA Inc., according to an 8-K statement on the Security and Exchange Commission's Web site posted Sept. 14.

The privately held national chain of 91 subprime automotive retail dealerships and 16 reconditioning centers was sold to as-yet-unnamed "new entity owned by third-party investors " for an undisclosed amount. No information was yet available on the third-party investors or whether the dealerships would remain subprime retail outlets.

Santander Consumer purchased DriveTime's finance receivable portfolio, which consists of vehicle-related installment sales contracts, certificates representing its residual interests in securitizations of finance receivables.

Shareholders of DriveTime Automotive Group, DT Acceptance Corp. and DT Credit Company, LLC, "will receive aggregate proceeds of approximately $700 million and the purchasers will assume, refinance or repay certain items of existing indebtedness of DriveTime," according to the 8-K statement.

DriveTime public relations officials declined further comment.

Santander Consumer USA operates Drive, RoadLoans and Santander Auto Finance brands that provide auto lead and lending programs on direct and indirect platforms. The company began originating loans in 1997, and is headquartered in Dallas, Texas. The global bank Banco Santander owns Santander Consumer.

DriveTime's 8-K states that "immediately (after the portfolio sale) a new entity owned by third-party investors will purchase all of the outstanding stock of DTAG and DTAC, effectively acquiring DTAG's used vehicle dealership operations.

The transactions are subject to closing conditions, including the receipt of required regulatory approvals, if any, and, "with respect to the obligations of the purchasers to consummate the Purchase Transactions, the successful completion of an offer to repurchase DriveTime's $200 million publicly traded senior notes."

Ernest Garcia III, DriveTime's founder, acquired the assets of Ugly Duckling, a buy here-pay here chain following its bankruptcy in 1990. Ugly Duckling purchased Champion Financial Services in 1994 and took the company public on the NASDAQ exchange in 1996. Following an aggressive expansion of the firm in Texas and Florida in the late 1990s, Garcia took the company private in 2002 in a management buy out. The company became DriveTime Automotive Group the same year. Current documents list Garcia as the company treasurer, with Mark Sauder listed as Chief Financial Officer and Ray Fidel listed as president and manager.

Originally based in the U.S. Sun Belt, the chain's operations are today located in 18 states including areas as diverse as Los Angeles and Richmond, Va.

When a company resorts to outsourcing, they are cutting costs to avail of outside expertise to a certain field. Assuming the outsourcing company does quality work, the company's decision to outsource will be justified with the high revenue for the time duration.

interest rate

by getting investors to buy share and becoming sub partners

develop and deliver transformative therapies for patients with unmet medical needs.

Use common sense.

Ask yourself, what is in it for the other person?

If its too good to be true, then it's not true.

Be skeptical of who you hand your money over too.

If you suspect that you are being scammed, you probably are!

John Rockefeller

In opening up a business it is best to get an opinion from other business owners who have been operating for a long time. You will need to have capital or some type of funding source, asset or fair credit in order to for lenders to provide you the funds. Most lending institutions will conduct a credit report.

1. Open up a merchant or business account.
2. Apply for a business license and indicate what type of business you plan to offer.
3. Advertise your business and use a professional printing company.
4. Get the word out in your local community or place an ad in a local new paper.
5. Network or partner up with other companies or sign up in affiliate programs.

J P Morgan

Nintendo, by far. Not only they came up with the D-Pad, shoulder buttons, analog sticks and Z-lock on target system, but they made brilliant games too like the Mario Galaxy series or the Legend of Zelda titles.

J. Pierpont Morgan

No its a Japanese company

Feasibility of request is the evaluation of the contents of the request. The manager will consider each request and determine if it will be worth the company's investment to undertake the request.

absvs

7

The biggest advantage of a GOOD mission statement is that it clearly states what your business or group does! This way, when anyone asks or when someone on the team starts to lose track, you can point them to the mission statement.

Another advantage comes from creating the mission statement itself. Unless you are in business by yourself, the mission is created usually by gathering people to talk about what kind of business to start and what the people want the business to do. The act of creating a mission statement helps people talk about exactly these things, and (hopefully) helps generate a positive regard for the business the group is about to undertake.

virtual store front

Which company nick named as big blue

Starts at $9.90 where in the Walmart I work at (NJ). Median is $11.88 though.

The CEO of Versace is Gian Giacomo Ferraris.

Yes but not sure if all stores will sell direct. I purchased from Sysco in Maryland. Am currently trying to find out if I can purchase from them online.

Power and Influence

yes they are. they both made by york international. luxaire would be considered a premium line. york of course is there ultimate premiere line. guardian and a line called evcon were considered to be more of a builder model.....i never sold too many of the evcon or guardian myself.

Demonstrating responsible leadership, we build global brands that athletes are proud to wear, associates are proud to create and communities are proud to host.

Shoe with wood colour........