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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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GM Financial reports 2Q operating results
 
A. Lee Graham
Reporter
 
General Motors Financial Co. Inc.of Fort Worth has reported higher earnings for the six months ended June 30, 2013, with earnings totaling $284 million, compared to $249 million for the same period last year.
On a consecutive quarter basis, second-quarter 2013 earnings rose to $178 million, compared to $137 million in the same quarter last year.
Operating lease originations of General Motors Co. vehicles totaled $834 million for the quarter ended June 30, 2013, compared to $620 million for the quarter ended March 31, 2013 and $394 million for the quarter ended June 30, 2012. Leased vehicles, net, totaled $2.7 billion at June 30, 2013.
North American consumer loan originations for the quarter ended June 30, 2013 totaled $1.4 billion. Consumer loan originations for the six months ended June 30, 2013 reached $3.8 billion, compared to $2.9 billion for the six months ended June 30, 2012.
For the six months ended June 30, 2013, annualized consumer net credit losses were 1.8 percent, compared to 2 perent last year. The company had total available liquidity of $4.1 billion at June 30, 2013, comprising $1.8 billion in unrestricted cash, about $1.6 billion of borrowing capacity on unpledged eligible assets, $76 million of borrowing capacity on unsecured lines of credit, and $600 million on a line of credit from GM.
On April 1, 2013, the company acquired Ally Financial’s auto finance and financial services operations in Germany, the United Kingdom, Italy, Sweden, Switzerland, Austria, Belgium, the Netherlands, Greece, Spain, Chile, Colombia and Mexico. Also also acquired  Ally Financial’s auto finance and financial services operations in France and Portugal on June 1, 2013.
General Motors Financial Company Inc., a wholly owned subsidiary of General Motors Co., is its finance company. More information is available at www.gmfinancial.com.
 
lgraham@bizpress.net

 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?