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Nicole Casperson and Joey Pizzolato

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Can auto ABS weather the pandemic?

In the past few weeks, six auto lenders have jump-started the securitization market after a nearly

Another 3.8 million Americans file for jobless benefits

Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million

Daimler Mobility adds $487M for future losses in Q1

Daimler Mobility has increased its provisions for credit risk by $487.3 million during the first quarter

Ford Credit bolsters liquidity as volume shrinks 

After pulling “every appropriate lever” to bolster its liquidity, Ford Motor Co. and Ford Motor Credit

US economy shrinks at 4.8% pace, signaling start of recession

The record-long U.S. economic expansion is over after almost 11 years, with the deepest recession in

Harley-Davidson restructures to preserve cash

COVID-19 has “dramatically changed” Harley-Davidson’s business and strategic plan, said Jochen Zeitz, acting president and CEO

Santander ramps up reserves by $2.5B

Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day

Nissan warns of losses, delays earnings report due to pandemic

Nissan Motor Co. warned that it expects to post a loss for the just-ended fiscal year,

Credit Union Auto Lending Surges

David Thompson

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