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Carfax Renews Partnership with Sonic Automotive
FAIRFAX, Va.--Carfax and Sonic Automotive, Inc. today announced Carfax will remain the sole approved provider of vehicle history information for all Sonic Automotive Group dealerships. For the third straight year, Carfax Vehicle History Reports will play a key role in trade evaluations and building consumer confidence with Sonic customers. "Sonic Automotive prides itself on providing our customers products and services of exceptional quality and value," explained Jeff Rachor, President of Sonic Automotive, Inc. "Carfax Vehicle History Reports exemplify these beliefs and provide peace of mind to our sales associates and our customers."
Sonic Automotive, Inc., headquartered in Charlotte, North Carolina, operates 173 dealership franchises in 15 states. Every Sonic location has access to Carfax Vehicle History Reports, which provide valuable information – including number of owners – to the dealer and prospective buyers. More>>
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VTech Announces 2007/2008 Interim Results
The business also pushed ahead with projects to raise productivity and position for future growth. The new CMS manufacturing facility began operations in September, increasing capacity by some 50%, and a six sigma project designed to improve operational efficiency was launched. VTech's ability to serve customers well again earned a service award from an important customer for helping the company launch its new product.
Toy Safety
Toy safety has attracted considerable attention this year, with the products of a number of suppliers involved in safety recalls. VTech, which manufactures the majority of its ELPs in-house, is able to maintain strict control over product quality and the Group has not been subject to any product recalls. Since the recalls, however, VTech has conducted a comprehensive review of quality control procedures and stepped up the frequency of testing, from raw materials to finished products. More>>
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Counterparty risk fears re-enter mainstream
Until a few months ago, "counterparty risk" was something that only worried professional risk managers at major banks. With the world awash with cheap debt, booming asset prices and the lowest default rate in a generation, the possibility that one's trading partners would not honour their financial commitments seemed remote. But recent weeks have seen an unfamiliar item taking chunks out of banks'balance sheets - counterparty risk is back. Over the weekend, ACA, a small bond insurer, has been in frantic talks to avoid insolvency. Some of its counterparties - including Merrill Lynch, Credit Agricole and CIBC - have already written off billions of dollars worth of trades with ACA. . More>>