Auto industry firms raise $155 billion to weather virus pandemic

• Bloomberg News
• May 21, 2020
• Risk Management

Automotive industry borrowers have raised $155 billion amid the coronavirus outbreak as the pandemic shutters...

Fiat in talks over $6.8 billion Italian state-backed loan

• Bloomberg News
• May 18, 2020
• Bloomberg, Capital Markets

Fiat Chrysler Automobiles NV and Italy’s Intesa Sanpaolo SpA are negotiating a state-backed credit line...

Leveraging Liquidity: Lenders brace for the coronavirus recession [Feature]

• Nicole Casperson and Joey Pizzolato
• May 8, 2020
• Features, Risk Management

Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand...

Volkswagen Financial revenue up despite origination drop

• Nicole Casperson and Joey Pizzolato
• April 30, 2020
• Earnings, Sales & Marketing

Volkswagen Financial Services reported a drop in originations in North America, even though “the region didn’t...

Ford Credit bolsters liquidity as volume shrinks 

• Nicole Casperson and Joey Pizzolato
• April 29, 2020
• Earnings, Sales & Marketing

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

Harley-Davidson restructures to preserve cash

• Nicole Casperson and Joey Pizzolato
• April 28, 2020
• Capital Markets, Earnings, Powersports, Risk Management

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

GM bolsters liquidity with extended $3.6B credit line

• Nicole Casperson
• April 27, 2020
• Risk Management

General Motors has extended $3.6 billion under its three-year revolving credit line to April 2022,...

Toyota Financial holds cash in excess of funding needs

• Nicole Casperson and Joey Pizzolato
• April 23, 2020
• Capital Markets, Risk Management, Update

Toyota Financial Services’ funding sources mirror that of its OEM’s product mix, providing “more resilient...