Big Three Joint Venture Named RouteOne

DaimlerChrysler Services (DCS), Ford Motor Credit Company (FMCC) and

General Motors Acceptance Corporation (GMAC) Announce the Name and

Board of Directors of New Joint Venture

Jun 13, 2002, 01:00 ET from RouteOne

    SOUTHFIELD, Mich., June 13 /PRNewswire/ -- The joint venture company
 formed by the captive finance arms of DaimlerChrysler Services, Ford Motor
 Credit Company and General Motors Acceptance Corporation earlier this year,
 has appointed a Board of Directors and selected a name for the company.
     John Gibson, executive vice president of GMAC North American Operations,
 is the new chairman of RouteOne, the name chosen for the new company.
     Gibson has served General Motors Corporation for 40 years.  Joining Gibson
 on RouteOne's Executive Committee are Thomas McAlear, vice president, Chrysler
 Financial, and Greg Smith, president and chief operating officer of Ford Motor
 Credit Company.  Mike Jurecki serves as chief executive officer of RouteOne.
     "RouteOne is all about streamlining the finance approval process to make
 financing easier, faster and more accessible for our dealer customers and the
 financial institutions involved," said Gibson.  "We're confident that the
 system we're developing will surpass even our own expectations."
     RouteOne will provide a common data expressway for the instant exchange of
 credit application information.  Currently dealers may have to work with
 multiple systems and processes in order to route a customer credit application
 to different finance sources.  The current process is time and labor
 intensive, as well as "customer unfriendly," compared the RouteOne approach.
     The RouteOne name, Jurecki said, "reflects our commitment to be the first
 choice for auto dealers, captive finance companies and other financial
 institutions interested in maximizing their business potential."  The name was
 developed in concert with frog design, a California-based firm that
 specializes in naming and branding.
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