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Ford hopes to set up a bank in Germany in the second half after applying for a license in the country as part of its strategy to mitigate any risk from the UK leaving the EU.
Do auto retailers befuddled by the Military Lending Act clarification now have the ear of the White House? Pennsylvania dealer Corina Straub Diehl thinks so.
Ford has applied for a banking license in Germany to ensure its car financing business can continue on the continent once Britain leaves the European Union.
Despite strong global oil consumption helping to push crude prices higher, the rise of electric vehicles is seen as one of the biggest long-term threats to demand.
AutoNation CEO Mike Jackson has been named chair of the Federal Reserve Bank of Atlanta's board for a one-year term beginning Jan. 1.
Do you plan to buy, lease or subscribe? That could be a common question from lenders and dealerships as vehicle subscription services grow as an alternative to car ownership in coming years.
Wells Fargo wrongly pushed auto insurance on customers who did not need it and took too long to halt the abuse, the New York Times reported, citing a confidential report.
Although auto lenders are sharing fraud experiences more often, a full-fledged anti-fraud consortium has yet to take shape.
Canadians are making smaller payments more frequently on auto loans as new financing offers lure buyers away from the monthly billing cycle.
Elon Musk calls Tesla's mammoth battery factory in Nevada an “alien mothership.” For the carmaker's newest lenders, the plant might as well be in outer space.
Leasing as a whole took a dive in Canada for a few years following 2008, but the plunge only significantly affected the captive finance arms of U.S. brands, experts say.
As automaker captive finance companies lost share, banks have taken on new roles, such as being exclusive or semi-exclusive lenders who are the sole source of automaker retail incentives.
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