Capital & Funding
Ford Motor director of capital markets confirms ‘no double-pledging’
MIAMI — Auto lenders that target consumers across the credit spectrum are under a microscope following Tricolor Auto’s Chapter 7...
S&P projects losses for no-FICO lenders, puts notes on CreditWatch Negative
MIAMI — Auto securitization ratings experts are expecting further losses for lenders that specialize in servicing consumers with thin credit...
Auto ABS issuance ticks down 5.8% YoY to $130B YTD
Despite tariff headwinds, affordability concerns and the closure of some subprime lenders, auto asset-backed securitizations showed resilience in October. Auto...
Subprime ABS spreads widened after Tricolor bankruptcy
LAS VEGAS — Subprime auto asset-backed security spreads widened in early October in the wake of Tricolor Holdings’ Chapter 7...
Subprime lender Global Lending Services to be acquired by Sixth Street
Subprime auto lender Global Lending Services announced today that global investment firm Sixth Street will acquire it, pending regulatory approval....
TrueCar to go private in $227 million buyout led by founder
TrueCar Inc. agreed to be taken private in an all-cash deal valued at about $227 million, shaking up the online...
Startup Yendo raises $50M, sees refi activity triple
Startup Yendo has raised $50 million in its first equity funding series of the year and is eyeing product and...
Tricolor’s busted money machine has Wall Street rethinking risks
When Tricolor founder Daniel Chu made his pitch to investors, he touted the used-car company’s end-to-end model: They sold cars,...
