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Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
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SEARCHMENUSEARCHScott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
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Ford Motor Company and its finance arm, Ford Motor Credit Company, reported first-quarter profits today, but company executives remained cautious about the auto industry’s overall recovery.
Read More →The Senate is expected to vote on the Restoring American Financial Stability Act (S. 3217) this week. And unlike its House counterpart, the Senate bill does not exempt auto dealers from a new regulatory agency, which would have broad authority to regulate most financial services.
Read More →Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, provided a $35 million credit facility to TC Automotive Partners Funding.
Read More →Fueled by more favorable pricing and credit terms, eight of the 12 federal districts in the Federal Reserve’s Beige Book reported improved vehicle sales in March.
Read More →GMAC Financial Services announced that Jack Stack was appointed as an independent director to its board of directors, effective April 12. Stack will also serve on the audit committee and risk and compliance committee.
Read More →Auto Financial Group, an online provider of residual-based financing products for credit unions, struck an agreement with Frankenmuth Credit Union, which will allow FCU to offer AFG’s DrivingSense as both a direct and an indirect lending option.
Read More →Nationwide Acceptance Corporation opened a new division to provide $1 million to $5 million lines of credit to buy-here, pay-here dealers in markets the company serves.
Read More →Fear of the economy’s slow recovery, snow in the Eastern region of the country and a negative job report not only stalled February auto sales, but it also led to a three-month low in borrowing, according to the Federal Reserve’s February report.
Read More →DealerTrack Inc., a subsidiary of software provider DealerTrack Holdings Inc., announced Monday that the number of active financing sources connected to the DealerTrack network reached 850.
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A new report from Credit Union Direct Lending (CUDL) shows that the firm’s affiliated credit unions collectively represented the United States’ No. 5 source for auto loans in 2009.
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