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Regions cancels auto dealer loan program (Knoxville News Sentinel) A bank with a large presence in East Tennessee has stopped outsourcing its auto loan process to car dealers. Birmingham, Ala.-based Regions Financial Corp. has eliminated loan programs offered to at least 2,600 dealerships across the nation, in which dealerships pre-authorized loans from the bank, according to published reports. Fitch Affirms Wachovia Auto Loan Owner Trust 2006-1 (Business Wire via Yahoo! Finance) NEW YORK----Fitch Ratings has affirmed all classes of asset-backed notes from Wachovia Auto Loan Owner Trust 2006-1, as follows: Car loan fears clobber U.S. auto stocks - Ford, GM hit record lows as investors panic (WZZM 13 Grand Rapids) Car loan fears clobber U.S. auto stocks - Ford, GM hit record lows as investors panic Will Washington Auto Loans Stall Out? (Forbes) GM might not qualify for the $25 billion loan pot. ECONOMY ON EDGE: Car loan fears clobber U.S. auto stocks (Detroit Free Press) U.S. auto stocks sank to historic lows Wednesday, as investor fears about credit availability and the weakening global economy combined to produce a stunning sell-off of Ford Motor Co., General Motors Corp. and dozens of other auto stocks.