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Arivo CEO prioritizes AI, looks to boost efficiency 30%
Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural adjustments to the company’s operations...
Under the Hood: Tech complexity spurs enhanced risk measures
Advances in digitalization and machine learning are sparking a need for lenders to revisit operational risk management protocols. In the...
Westlake-backed Axis Auto Finance explores sale
Toronto-based non-prime lender Axis Auto Finance is eyeing a potential merger or sale of the company. Axis formed a “special...
The big miss on electric cars is remaking Europe’s auto industry
Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats....
High used-vehicle prices put continued pressure on LTVs
Elevated vehicle prices have continued to put pressure on used-vehicle loan-to-value ratios. LTVs for used vehicles remained high in the...
Slowing EV sales growth prompts incentives, price cuts
Slowing electric vehicle sales growth has spurred an uptick in EV incentives and continued price declines. The industry hasn’t seen...
Capital One, Discover integration could cost $2.8B
Capital One announced its plans to acquire Riverwoods, Ill.-based Discover Financial Services and expects to spend $2.8 billion on integration costs, including tech conversion. ...
Rivian cuts 10% of salaried staff as output forecast misses
Rivian Automotive Inc. revealed plans to cut 10% of its salaried workforce and set production guidance well below Wall Street’s...
