Capital & Funding
Troubled EV maker Fisker said to be in talks with Nissan
Fisker Inc. is in talks with Japan’s Nissan Motor Co., people familiar with the matter said Friday, as the electric...
Polestar borrows $1 billion to fund rollout of electric vehicles
Polestar has raised $950 million in debt financing as the struggling luxury EV maker seeks funding outside of its parent...
SAFCO eyes growth following Colombian financier investment
Subprime lender Southern Auto Finance Co. is looking to grow on the heels of a minority investment from a Colombia-based...
Mazda renews Toyota private label agreement
Mazda North American Operations has renewed its private-label financing agreement with Toyota Motor Credit Corp. Mazda Financial Services (MFS)...
Tricolor projects originations at $1.3B
Tricolor Auto Acceptance projects origination volume to surpass $1 billion in 2024 as the company expands geographically and seeks additional...
Vroom: Compressed margins, tanking sales foreshadowed downfall
Compressed margins and plummeting sales volumes coupled with a capital-intensive business model, led to the downfall of Vroom, the automotive...
Vroom, pressed for capital, shutters e-comm
Vroom is discontinuing its e-commerce and used-vehicle dealership businesses as the retailer faces ongoing liquidity challenges. The retailer on Jan....
Under the Hood: Prime lenders propel 50% boost in 2023 ABS volume
Prime auto loan-backed securitization volume shot up 50.7% in 2023, to $77.2 billion, as 13 lenders entered or rejoined the...
