SOUTHFIELD, Mich. (AP) - General Motors Corp., Ford Motor Co. and DaimlerChrysler AG on Thursday announced details of a joint venture to make it easier for dealers to process customer loan applications.

The company based in this Detroit suburb will be known as RouteOne. It is a project of the automakers' in-house finance arms, the automakers said Thursday. They first announced the venture in January.

John Gibson, executive vice president of General Motors Acceptance Corp.'s North American operations, will serve as RouteOne chairman.

Others on its executive committee are Thomas McAlear, vice president of Chrysler Financial, and Greg Smith, president and chief operating officer of Ford Motor Credit Co.

Mike Jurecki is chief executive.

RouteOne will provide a common data path for quick exchange of credit application information, the company said. Now dealers may have to work with multiple systems and processes to route a customer credit application to different finance sources.

The RouteOne name "reflects our commitment to be the first choice for auto dealers, captive finance companies and other financial institutions interested in maximizing their business potential," Jurecki said Thursday.