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Mazda Turns to Toyota for Captive Financing

Toyota Motor Credit will offer loans, leases, and F&I products to Mazda’s U.S. dealers and customers, replacing the JPMorgan Chase-backed Mazda Capital Services as the factory’s captive finance company.

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FCA Settles Dealer Antitrust Suit

Fiat Chrysler has settled a lawsuit brought by seven dealers who leveled charges of antitrust violations and breach of contract in federal court, claiming the factory and competing dealerships conspired to falsify new-vehicle sales reports.

Tesla and the 1% Problem

For all its missteps, Tesla Inc. finally found its footing in 2018, eking out a 1.2% market share and renewing concerns shared by established manufacturers and brick-and-mortar dealers.

Bloomberg: Chrysler Amendments to IPO Highlight Conflicts With Fiat

Chrysler Group LLC amended its initial public offering to more clearly detail its value to its majority owner, Fiat, Bloomberg reports.

Tesla Motors' Director Resigns

Dr. Herbert Kohler, Tesla’s director since 2009, resigned from his post, effective Dec. 12. Former Daimler AG exec named replacement.

DriveTime Terminates Santander Agreement

DriveTime terminated its definitive agreement with Santander and other third-party investors “due to certain unsatisfied conditions.”

Tesla Discloses Risks of Lawsuits to Investors

Tesla is faced with lawsuits from dealer associations in the states of New York and Massachusetts, and the NADA shares why Tesla’s model doesn’t work.

GM Enters Into $11 Billion Revolving Credit Facility

General Motors Co. entered into a three-year secured revolving credit facility of $11 billion.

Santander, Third-Party Investors Eyeing DriveTime

DriveTime’s vehicle financing portfolio is expected to be purchased by Santander Consumer USA, while third-party investors are looking to purchase the buy-here, pay-here group’s operations and facilities.

Wells Fargo Expands GM Relationship, Eyes Other Automakers

Wells Fargo officials told Bloomberg that it would like to expand its relationship with General Motors. A bank official also said the company is interested in expanding its offerings to other automakers.