Lenders pivot to case-by-case pandemic deferral programs
When the coronavirus pandemic first took hold in the U.S., auto lenders began offering programs to offset consumer hardship. Although ...
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Inside Shift’s reverse IPO: diverging from the norm
Shift, an e-commerce platform for the purchase and sale of used vehicles, set its sights on becoming a publicly traded ...
Q1 delinquencies drop despite frail economy
Delinquency rates in the first quarter fell despite the coronavirus pandemic ravaging the auto industry in late March, according to ...
Auto industry firms raise $155 billion to weather virus pandemic
Automotive industry borrowers have raised $155 billion amid the coronavirus outbreak as the pandemic shutters showrooms and factories. Companies worldwide ...
Fiat in talks over $6.8 billion Italian state-backed loan
Fiat Chrysler Automobiles NV and Italy’s Intesa Sanpaolo SpA are negotiating a state-backed credit line of as much as 6.3 ...
Cruise laying off almost 8% of staff in setback for self-driving firm
Cruise, the self-driving car unit majority owned by General Motors Co., is laying off almost 8% of full-time employees to ...
VW, Ford forge ahead with technology sharing to save costs
Volkswagen AG and Ford Motor Co. are pushing ahead with plans to team up on electric and self-driving vehicles even ...
Fed: Big banks tighten credit standards on auto loans
Eight major banks tightened auto loan underwriting standards in the first quarter, according to the Federal Reserve’s Senior Loan Officer ...
