S&P: ABS market not yet a victim of coronavirus
Loan performance in the auto asset-backed securities market hasn’t yet deteriorated due to COVID-19, Amy Martin, senior director of structured ...
Tag: Coronavirus
Bank of America’s relief includes auto support, pauses repos
Bank of America’s consumer relief program will cover auto loans, along with mortgage, home equity, credit cards and small business ...
Ford Credit capital stable despite OEM’s maxed out credit
Ford Motor Credit’s liquidity will not be impacted by its OEM’s decision this week to increase its cash flow position ...
Regulators urge for auto lending oversight
Regulators are expressing their concerns for the financial health of consumers as lenders continue to offer payment relief options for ...
Nissan responds to pandemic with customer aid
Nissan Motor Co. and its finance arm, Nissan Motor Acceptance Corp., are the latest to announce their COVID-19 customer relief ...
Toyota Financial: Floorplan relief is coming
Toyota Financial Services has announced its relief options for new, current and dealer customers negatively impacted by COVID-19 pandemic, the ...
U.S. jobless claims jump to two-year high amid closures
Filings for U.S. unemployment benefits surged last week to a two-year high as the coronavirus pandemic forced employers to start ...
Honda, BMW suspend production due to decline in demand
The automotive industry is at risk of high exposure due to fallout from COVID-19, according a Moody's Investors Service report ...
