Amanda Harris and Joey Pizzolato

Auto sales jumped in the second quarter despite a lack of incentives coming into the July 4 holiday, with nearly...

Fifth Third scales back indirect auto lending

June 30, 2023

Fifth Third is pulling out of indirect auto lending in select western states on the heels of declining auto originations. ...

Carvana cost of funds rises as expected losses increase

byAmanda Harris and Joey Pizzolato

April 27, 2023

Cost of funds for Carvana’s first nonprime asset-backed securities deal since March 2022 increased as expected cumulative loss levels rose...

Spring Free EV to grow fleet with $31M series A round

byAmanda Harris and Joey Pizzolato

April 25, 2023

Fintech Spring Free EV secured $31 million in series A funding recently that will allow the startup to double the...

A Mercedes-Benz EQC electric vehicle connected to a charger inside a Mercedes-Benz AG showroom in Berlin, Germany

Tenet’s $20M warehouse line with SVB in jeopardy

byAmanda Harris and Joey Pizzolato

March 13, 2023

The future of EV financing startup Tenet’s $20 million warehouse line with Silicon Valley Bank is at risk following the...

18K NMAC account numbers compromised in third-party data breach

byAmanda Harris and Joey Pizzolato

January 18, 2023

Nearly 18,000 Nissan Motor Acceptance Company account numbers were compromised in a third-party data breach last year, prompting the company...

Bruce Jackson set to succeed Mahesh Aditya as SCUSA CEO

byAmanda Harris and Joey Pizzolato

December 23, 2022

Bruce Jackson is set to become chief executive of Santander Consumer USA in March 2023, the company announced Thursday. Bruce...

Ally Financial downplays Carvana risk

byAmanda Harris and Joey Pizzolato

December 7, 2022

Carvana's stock might be in freefall, but the company still has at least one fan: Ally. Ally Financial Chief Executive...

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