Capital & Funding
CPS Grows First Quarter Net Income to $6.7 Million
Specialty finance company Consumer Portfolio Services, Inc. reported first quarter 2014 income that was around 75% more than what it reported...
Weak Santander Trading May Weigh on Ally IPO
Another auto lender is going public. This Thursday, Ally Financial will start trading on the New York Stock Exchange with...
Forecast for Auto Finance’s Future
In today's rising rate environment, and despite surging car sales, the industry's future remains shaky. Compliance and competition -- call...
TrueCar Files IPO, Discloses Plans for Lending Tools
Online auto-shopping service TrueCar Inc. filed for an initial public offering on April 3. The company, which focuses on new...
Tax Refunds Will Boost Auto ABS, Fitch Says
Tax day this year might not be the bear it usually is. At least to some auto finance industry folks....
GM Financial Said to Be Readying $705M Lease Securitization
GM Financial is premarketing a potential $705 million auto lease asset-backed securitization, according to Thomson Reuters. A GMF spokeswoman would...
Did Ally’s CEO Deserve Nearly $10 Million in 2013?
Much has been made about the $0 salary of Ally Financial Inc. CEO Michael Carpenter over the last few years....
Citigroup and Toyota Go Green
The car industry often clashes with the environmental lobby. Citigroup and Toyota, Financial Services though, are looking to change that...
