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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

Wilmington Trust, Vervent sued by Tricolor investors

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

Wells Fargo Auto originations soar 104% 

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

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,

Credit availability up 3.4% YoY

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

Chase Auto originations up 1.9% 

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

Inside Motos America’s Chapter 11 bankruptcy filing

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

More Tricolor executives face DOJ grand jury investigations

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

Credit Union Auto Lending Surges

David Thompson

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