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Mitsubishi Electric said to seek $1.9 billion sale of unit

Mitsubishi Electric Corp. will sell its automotive equipment business and plans to solicit bids for the

  • Bloomberg News
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Wilmington Trust, Vervent sued by Tricolor investors

Tricolor investors are suing Tricolor securitization trustee Wilmington Trust and its backup servicer Vervent for alleged

  • Aidan Bush
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Wells Fargo Auto originations soar 104% 

Wells Fargo Auto’s originations more than doubled in the fourth quarter as the bank’s relationship with

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  • January 14, 2026

Bank of America consumer net charge-offs, credit loss allowance rise 

Credit performance weakened across Bank of America’s indirect and direct consumer portfolio in the fourth quarter,

  • Amanda Harris
  • January 14, 2026

Credit availability up 3.4% YoY

Auto credit availability reached a two-year high in December as lending conditions continued to ease at

  • Johnnie Martinez II
  • January 14, 2026

Chase Auto originations up 1.9% 

Chase Auto’s originations ticked up in the fourth quarter as credit performance was stable and lease

  • Amanda Harris
  • January 13, 2026

Inside Motos America’s Chapter 11 bankruptcy filing

Motos America will use a prepackaged restructuring plan as part of its Chapter 11 bankruptcy filing

  • Johnnie Martinez II
  • January 13, 2026

More Tricolor executives face DOJ grand jury investigations

The Department of Justice is investigating other former Tricolor executives beyond its initial Dec. 17 indictment.

  • Aidan Bush
  • January 13, 2026

Credit Union Auto Lending Surges

David Thompson

  • 4 hours ago
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