William Hoffman | Auto Finance News | Page 8 | Auto Finance News - Part 8

Westlake Financial Joins Executive Panel at Auto Finance Summit Asia

Westlake Financial Services will join a panel comprised of other leading  U.S. auto lenders at Auto Finance Summit Asia next month to share best practices for how lenders can grow business in the industry’s competitive landscape. Westlake’s Chief Financial Officer Paul Kerwin will join U.S. Bank’s Executive Vice President of Dealer Services John Hyatt and […]
  • William Hoffman
  • August 7, 2018
  • Asia

CarFinance.com to Separate From Flagship Credit, Onboard More Lenders

CarFinance.com, the online direct lending unit of Flagship Credit Acceptance, is building its lender network, auto loan products, and white-label services as it looks to spin out from the parent company to become fully independent “in the near future,” newly appointed Chief Executive of CarFinance.com Craig Hewitt told Auto Finance News. “[Flagship] understood that the […]

OneMain Financial Boosts Direct Auto Portfolio by 35% in 2Q

OneMain Financial grew its direct auto portfolio by 35% year over year to around $3.38 billion in receivables, the company reported in its second quarter earnings report. “[Direct auto] is about 22% of the portfolio this quarter versus around 18% a year ago, so I think we’re getting growth in our direct auto,” Scott Parker, […]

Grab Secures New $1B Investment to Fund Southeast Asia Expansion

Singapore’s leading ride-hailing service Grab secured an additional $1 billion to fund its expansion in Southeast Asia into food delivery and payment systems, the company announced in a press release Thursday. A number of financial institutions contributed to the funds including OppenheimerFunds, Ping An Capital, Mirae Asset – Naver Asia Growth Fund, Cinda Sino-Rock Investment […]
  • William Hoffman
  • August 3, 2018
  • Asia

VW Seeks Greater Finance Penetration in China’s Interior

Volkswagen Financial Services increased its penetration of automotive loan and lease products across China and India but saw Japan taper off, according to the captive’s half-year earnings report released Wednesday. VW originated 413,000 new contracts in the Asia-Pacific region — an increase of 14.6% year over year, according to the report. The OEM’s financial services […]

26-Year Auto Finance Executive Joins Panel at Asia Summit

Auto Finance News is proud to welcome its latest speaker to the Auto Finance Summit Asia roster, William Shen, a 26-year auto finance industry exec and consultant who grew up in Shanghai and has extensive credit risk experience with large U.S. companies. He’ll be joining John Hyatt, executive vice president of dealer services at U.S. […]

Recreating Chrysler Capital

Nearly 10 years after Chrysler LLC came to the government seeking a $12.5 billion bailout in the midst of the financial crisis, and eight years after Cerberus Capital Management sold Chrysler Financial to TD Bank, the OEM may finally get back its captive finance arm, the company announced in late May. A lot has changed […]
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