MENU
SEARCH
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
General Motors’ acquisition of AmeriCredit Corp. was expected to close on Friday, three days after AmeriCredit’s stockholders approved the sale. The company will be renamed General Motors Financial Company Inc. (GM Financial).
Read More →
On Monday, President Barack Obama signed into law the Small Business Jobs Act of 2010 in the presence of lawmakers, governors and several small business owners who championed the legislation. The new bill expands upon a Small Business Administration pilot program that made available floorplan financing loans of up to $2 million to U.S. auto dealers. The new bill raises the limit on such loans to $5 million for creditworthy dealers.
Read More →Fortegra Financial Corporation announced that it has filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.
Read More →The latest figures from CNW Research indicate that car buyers with FICO scores below 619 are still having a tough time obtaining new and used financing.
Read More →Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has provided a revolving credit facility to Carolina Finance LLC.
Read More →Prestige Financial Services Inc. has established a $150 million asset-backed commercial paper conduit facility through JPMorgan Chase Bank N.A. in Chicago.
Read More →Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has provided a $12 million revolving credit facility to K STReet Finance Inc.
Read More →Chrysler Group LLC said Wednesday that it has entered into an agreement with U.S. Bank to provide consumer leases on select 2010 Chrysler, Dodge and Jeep vehicles.
Read More →HSBC Holdings PLC, a UK-based provider of banking and financial services, has sold its remaining U.S. consumer auto finance business for $3.56 billion in cash to Santander Consumer USA Inc.
Read More →The performance of U.S. auto loan ABS is starting to exhibit seasonal negative trends, according to the auto loan ABS indices results from Fitch Ratings.
Read More →
