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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