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VinFast gets $150 million loan from Barclays for working capital

Vietnam’s largest carmaker VinFast Auto Ltd. has secured a $150 million loan from Barclays Plc, as

Vervent preps takeover of Tricolor Auto loans servicing 

Vervent Inc. is preparing to take over servicing of Tricolor Auto Acceptance’s portfolio following the subprime

Tricolor CEO Daniel Chu resigns from Origin Bank board 

Tricolor Auto Acceptance Chief Executive Daniel Chu resigned from the board of directors for Origin Bank

Inside Lendbuzz’s IPO

AI-based auto lender Lendbuzz filed an initial public offering today as the company looks to increase

Bank of America names co-presidents, appoints CFO Borthwick EVP

Bank of America today named two co-presidents and promoted Chief Financial Officer Alastair Borthwick to executive

Tricolor exit could have ripple effect on small subprime lenders

As two subprime lenders are pausing or shuttering business, lenders say the success gap between small-

Tricolor Auto ABS ratings at risk of downgrade amid bankruptcy 

Kroll Bond Rating Agency and Moody’s Ratings have put their ratings on downgrade watch for Tricolor

Used-vehicle inventory tightens amid demand boost 

Used-vehicle inventory is shrinking for EVs and internal combustion engine cars as demand continues to rise.

Credit Union Auto Lending Surges

David Thompson

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