Credit

New VW Credit chief wants to expand floorplan footprint

12:01 am U.S. ET | Aug. 4, 2014
The new CEO of Volkswagen and Audi's finance arm wants to get more of each brand's dealers on its books....
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Q&A

BMW sees big growth potential in China for auto finance

June 18, 2014 06:01 CET
BMW sales in China have been boosted by the group's consumer finance unit, which was launched in the country four years ago. The carmaker's China finance boss, Uwe Stadtler, explained how BMW plans to expand the unit's business....
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Ford wants to expand credit lines to $12 billion, report says

2:04 pm U.S. ET | Feb. 26, 2014
Ford is seeking to expand its credit lines by $1.3 billion to $12 billion. The company is planning to raise a $9 billion revolving loan that expires in five years and a $3 billion financing pact that lapses in three years....
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Fiat faces hurdles to accessing Chrysler cash after merger

Feb. 17, 2014 12:59 CET
Fiat says its access to the cash of unit Chrysler, which it took full control of last month, was limited by a cap on dividends from the U.S. automaker and its debt covenants....
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Congress created tax break to fuel economic recovery

12:01 am U.S. ET | Dec. 2, 2013
During and after the 2008-09 recession, Congress enacted dramatically higher limits to the Section 179 depreciation tax deduction of business assets....
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Frothy subprime borrowing drives U.S. sales, raises alarms

1:27 pm U.S. ET | Nov. 8, 2013
As the fifth anniversary of the Federal Reserve's policy of keeping interest rates near zero approaches, the market for subprime borrowing is once again becoming frothy, this time in the car industry. As with mortgages in 2006 and 2007, the central bank's stimulus is making it easier for U.S. consumers with spotty credit to buy cars as yield-starved investors purchase riskier bonds linked to auto loans....
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Toyota leverages stellar credit rating for financing edge

12:01 am U.S. ET | Oct. 23, 2013
Toyota's in-house lender is leveraging the automaker's AA- credit rating and cash to offer low rates and keep customers coming back. The company's $37 billion cash pile and credit ratings that outrank GM and Ford enable its Toyota Financial Services unit to offer more loans and take on riskier borrowers....
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Daimler reaches deal on 9 billion euro credit line with banks

Sept. 27, 2013 06:01 CET
Daimler has reached an agreement with a consortium of banks for a 9 billion euro ($12 billion) credit line for the next five years....
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JAMIE LaREAU

F&I managers: Prepare for more buyers with poor credit

12:01 am U.S. ET | Sept. 25, 2013
F&I managers have their work cut out for them. That's because the average U.S. car buyer has pretty iffy credit, according to the latest data compiled by Morgan Stanley for its Auto Credit Quality and Auto Credit Availability indices....
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Subprime auto loans grow as credit standards ease, competition grows

3:11 pm U.S. ET | Sept. 17, 2013
Subprime auto lenders are enabling buyers to borrow more relative to the cost of a car in a sign that underwriting standards are deteriorating amid increased competition, according to Standard & Poor's....
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Nissan captive boosts business with dealers' help

12:01 am U.S. ET | Sept. 9, 2013
Nissan's U.S. market share has been climbing for the past few years -- and Nissan's U.S. captive finance arm, Nissan Motor Acceptance Corp., has been rising with it....
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EDITORIAL

Healthy M&A market beckons buyers and sellers

12:01 am U.S. ET | Sept. 2, 2013
Dealership merger and acquisition activity continues to boom as U.S. auto sales keep climbing....
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