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Capital & Funding

Startup Yendo raises $165M, expands to refi

Features

Auto lenders embrace AI to balance risk and reward

Earnings

Axis Auto originations down 86% as company eyes sale

Compliance

Supreme Court upholds consumer watchdog’s funding

News Feed

Suit Claims Ally Withheld Knowledge of Rising Delinquencies

byWilliam Hoffman

December 13, 2016

Shareholders of Ally Financial Inc. have entered into a class action lawsuit through Robbins Arroyo LLP, which alleges, among other...

New Autonomous Vehicle Laws in Michigan Are ‘Thrilling’ for Industry, Expert Says

byDiana Asatryan

December 13, 2016

The legislation around driverless cars (or the absence of it) is one of the main concerns among manufacturers and software...

Credit Union Aggregate Aims to Fund 1.2 Million Auto Loans by Yearend

byLarissa Padden

December 13, 2016

CU Direct’s aggregate of credit unions expects to originate “in excess of” 1.2 million indirect auto loans through its CUDL...

Kawasaki Matches Captive Competitors With ‘Aggressive’ Rates

byNatalie Mattila

December 13, 2016

Kawasaki Motors Corp. USA will take an “aggressive” approach to finance incentives in 2017, to ensure its dealers’ success, and...

PolySync to Democratise Autonomous Research with Open Source Platform

byDiana Asatryan

December 12, 2016

In the tech world, open-source software is an increasingly popular model for developers to share and learn through collaboration, and...

Honor Finance Issues ‘Risky’ Deep Subprime Auto ABS, Lawyer Says

byWilliam Hoffman

December 12, 2016

Honor Finance issued its first ever securitization at the end of November, backed by $100 million in deep subprime auto...

PolySync to Democratise Autonomous Research with Open Source Platform

byAuto Finance News

December 12, 2016

In the tech world, open-source software is an increasingly popular model for developers to share and learn through collaboration, and...

Hyundai Eyes U.S. Market for New ‘Click to Buy’ Platform

byWilliam Hoffman

December 12, 2016

Hyundai Motor Co. is launching a direct-to-consumer car buying and financing portal called “Click to Buy” in the U.K., and...

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