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China’s auto ABS market tops $4.5B on heels of Geely deal

China’s asset-backed securities market is a growing funding source for auto lenders, as issuance has topped $4.5 billion (RMB31.2 billion) this year, according to data from S&P Global Ratings’ China Securitization Performance Watch report.  “We expect improving debt serviceability, enhanced underwriting and risk control, and securitization’s structural protection to continue to support the robust performance […]

Daimler Mobility Platforms Reach 26 Million Users, Amid Global Expansion

Daimler AG’s mobile platforms have notched 64% growth in users this year. Through September, more than 26 million customers have used Daimler mobile ride-hailing and car rental services like car2go, mytaxi, and moovel, the OEM announced today. Newly released usage numbers coincide with the announcement that the German company will change its name to Daimler […]

Chinese Ride-Hail to Raise $1.6B ABS for Lease Partners

Chinese ride-hailing company Didi Chuxing received approval this week from the Shanghai Stock Exchange to securitize $1.6 billion of leases originated by some of its partners. Didi acts as a middleman between leasing companies and Didi’s ride-hail drivers. The timing of the first $47 million issuance is unknown. “The [leasing] companies can use the funds […]