Earnings
Daimler sees Mercedes margins surging to highest in years
Daimler AG forecast that its main Mercedes-Benz unit will be more profitable than it’s been in years thanks to resurgent...
PNC Financial’s auto book shrinks for fourth consecutive quarter
PNC Financial Service’s auto book shrank for the fourth consecutive quarter, contributing to an overall decline in consumer loans during...
Protection products drive F&I profit at AutoNation
Vehicle protection products (VPP) are driving finance and insurance gross profit per vehicle retailed (PVR) at AutoNation in the first...
Fifth Third’s auto book props up consumer portfolio for fourth straight quarter
Indirect auto loans again offset declines in Fifth Third Bank’s overall consumer portfolio in the first quarter. Following three quarters...
AutoNation CEO says chip shortage could drag on for a year
The global semiconductor shortage that’s crippling the auto industry could drag on for as long as a year, according to...
Auto growth, positive credit performance continue at US Bank
U.S. Bank’s auto portfolio grew for the third consecutive earnings period in the first quarter of 2021 as credit performance...
Harley shares rise on strong profit as EU tariff spat looms
Harley-Davidson Inc. reported better-than-expected first-quarter profit and raised a key sales outlook for the year, offsetting the disclosure that it’s...
Ally Financial clocks highest origination volume in five years
Ally Financial posted another record quarter in Q1 of 2021, with the highest origination volume in five years sourced from...
