Report: GMAC Needs Bailout to Survive

Auto Finance News

September 26, 2008

If GMAC is banking on being included in the $700 billion bailout in order to survive, as this article suggests, then word tonight of a Congressional impasse can not be seen as a positive development.

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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...

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Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...

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Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...

Bank of America consumer vehicle net charge-offs tick down

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Chase Auto originations down 3% YoY

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Report: GMAC Needs Bailout to Survive

Related Posts

Auto lenders look to agentic AI, ‘vibe coding’ in underwriting, compliance, collections

Lenders eye expanded leasing options as affordability challenges grow

Forward-flow picks up steam as private investors eye auto finance

Dealers fight growing transport fraud, when scammers impersonate shipping companies

Bank of America consumer vehicle net charge-offs tick down

CarMax Auto Finance originations down 1.5%

Wells Fargo Auto originations soar 110% YoY

Chase Auto originations down 3% YoY

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