GMF has $3.7B for potential residual value declines
GM Financial is gearing up for potential losses on off-lease residual values as the extent of the COVID-19 economic crisis’ ...
Tag: first quarter
Volkswagen Financial revenue up despite origination drop
Volkswagen Financial Services reported a drop in originations in North America, even though “the region didn’t experience the effects of the ...
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, becoming the latest global ...
Fifth Third sets aside $129M for auto loan losses
Fifth Third Bank has set aside an additional $129 million in reserve for its indirect consumer loans, which consist predominantly ...
Credit Acceptance delays quarterly SEC filing due to COVID-19
Credit Acceptance Corp. has suspended its first-quarter earnings report due to the “adverse impact” the COVID-19 crisis has had on ...
JPMorgan Chase, Wells Fargo hunker down for increased credit losses
JPMorgan Chase and Wells Fargo are stockpiling reserves in the expectation of increased credit losses as a result of the ...
