Weekly Wrap: GDP contraction signals recession, lenders stock up on cash [Video] | Auto Finance News | Auto Finance News

Weekly Wrap: GDP contraction signals recession, lenders stock up on cash [Video]

© Can Stock Photo / Kzenon

This week, news of a 4.8% contraction in the nation’s gross domestic product in the first quarter signaled a recession brought on by the economic fallout of COVID-19, and auto lenders are stocking up on cash. Ford Motor Co., for one, pulled “every appropriate lever” to bolster its liquidity position, which the automaker anticipates will […]

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