Household Auto Finance Announces New Name
Renamed company completes final phase of merger. As a result, new and expanded
products are offered while high level of customer service remains unchanged
SAN DIEGO, Jan. 17 /PRNewswire/ -- Household Auto Finance, a leader in
non-prime auto financing, will change its name to HSBC Auto Finance effective
today, company officials announced. Household Auto Finance's name change is the
final step of its March 2003 acquisition by HSBC, one of the largest banking
and financial organizations in the world.
"The merger with HSBC provides unprecedented strength and stability for the
company," according to HSBC Auto Finance Managing Director John Haines. "It
enables us to better support the needs of dealers, offer expanded products and
provide opportunities for new alliances." To coincide with the name change, the company is scheduled to launch two new
websites: http://www.hsbcautoloan.com/ (for consumers to apply online) and
http://www.hsbcdealer.com/ (for our dealers and alliance network).
While the company now offers full-spectrum auto financing, its commitment to
serving the needs of the non-prime auto lending market continues. In addition,
the company's commitment to customer service and to offering innovative
products remains unchanged.
About HSBC Auto Finance HSBC Auto Finance, headquartered in San Diego, is a leading provider of
financing for new and used vehicles and has products that serve the full
spectrum of credit consumers. It purchases consumer contracts from thousands of
active dealers in 46 states. Its business also originates or refinances auto
loans through direct solicitations, the Internet and alliances, and it services
auto loans for HFC and Beneficial branches. HSBC Auto Finance is part of HSBC -
North America, one of the top 10 financial services organizations in the United
States with assets approaching $300 billion.
About HSBC - North America HSBC - North America includes all of HSBC's U.S. and Canadian businesses,
including the former Household businesses, and has assets approaching $300
billion. The company's businesses serve more than 60 million customers in five
key areas: personal financial services, consumer finance, commercial banking,
private banking, and corporate investment banking and markets. Financial
products and services are offered under the HSBC, HFC and Beneficial brands.
For more information, visit: http://www.hsbcnorthamerica.com/ .
About HSBC Holdings plc HSBC Holdings plc (NYSE:HBC), headquartered in London, is one of the world's
largest banking and financial services organizations, with 10,000 offices in 76
countries and territories and serves nearly 110 million customers worldwide. DATASOURCE: HSBC - North America CONTACT: James Pieper of HSBC - North America, +1-847-564-7665 Web site: http://www.hsbcautoloan.com/ http://www.hsbcdealer.com/ http://www.household.com/
|