Volkswagen Financial revenue up despite origination drop
Volkswagen Financial Services reported a drop in originations in North America, even though “the region didn’t experience the effects of the...
Daimler Mobility adds $487M for future losses in Q1
Daimler Mobility has increased its provisions for credit risk by $487.3 million during the first quarter in anticipation of an...
Ford Credit bolsters liquidity as volume shrinks
After pulling “every appropriate lever” to bolster its liquidity, Ford Motor Co. and Ford Motor Credit hold $35.1 billion and...
Harley-Davidson restructures to preserve cash
COVID-19 has “dramatically changed” Harley-Davidson’s business and strategic plan, said Jochen Zeitz, acting president and CEO of the motorcycle manufacturer,...
Santander ramps up reserves by $2.5B
Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day 1 CECL impacts and...
Cost of funds rise for HCA as access to capital shrinks
Hyundai Capital America’s lack of diverse funding sources could limit the captive’s financial flexibility as the cost for debt funding...
Toyota Financial holds cash in excess of funding needs
Toyota Financial Services’ funding sources mirror that of its OEM’s product mix, providing “more resilient free cash flow,” according to...
Despite furloughing staff, Nicholas Financial continues to accept loan applications
Despite furloughing 15% of its employees last week, Nicholas Financial is still accepting new loan applications, several dealers confirmed to...
