Capital & Funding
Online auto retailer stocks plummet following Fed rate hike
The equities market turned tumultuous today for online auto retailers as investors pulled back on e-commerce and tech following another...
Fed hikes rates half point, will shrink assets to curb inflation
The Federal Reserve raised interest rates by the steepest increment since 2000 and decided to start shrinking its massive balance...
Carvana finance arm remains bright spot despite debt funding struggles
Carvana’s finance arm remains well positioned for capital market funding despite the retailer’s struggle to sell a $3.3 billion debt...
Tricolor Auto issues $212M social ABS deal
Tricolor Auto Acceptance on Friday issued its first asset-backed securities (ABS) social bond, a $212 million transaction backed by auto...
Rivian wins $1.5 billion incentive package for Georgia plant
Electric-pickup maker Rivian Automotive Inc. will receive $1.5 billion in state and local incentives to build a massive plant near...
Renault exploring Nissan stake sale for EV shift, sources say
Renault SA is considering selling part of its Nissan Motor Co. stake, a move that could raise billions of euros...
Auto ABS issuers to inject $4.6B into secondary market amid benchmark shift
This week was ripe with new auto asset-backed securities (ABS) deals set to enter the capital markets, with three issuers...
National Auto Care finalizes Frost Financial Services acquisition
National Auto Care Corp. (NAC) announced last week that it has acquired guaranteed asset protection (GAP) insurance administrator Frost Financial...
