RCI Bank and Services Positions Itself for Future Mobility

  • Emma Sandler
  • July 24, 2017
RCI Bank and Services grew its balance sheet to $46.6 billion, as compared to approximately $29 billion seven years ago, thanks — in part — to focusing its business model on mobility rather than just captive financing, Auto Finance News has learned. Formerly known as Renault Crédit International, RCI Bank is a France-based automotive captive, insurance company, and […]

Nissan Leaf Shows Off New Autonomous Feature [Video]

  • Emma Sandler
  • July 7, 2017
Earlier this week, Nissan released a video demonstrating the company’s upcoming ProPilot assist technology in the Nissan Leaf. The video shows the Leaf at a parking lot and using the autonomous technology system to park, even in difficult spots. But ProPilot also helps drivers to accelerate, break, and steer during single-lane driving on the highway, according to […]

Is Honda’s Lease-Only BEV Just Another ‘Compliance Car’?

  • Emma Sandler
  • June 13, 2017
Honda‘s Clarity BEV model — slated to rollout in August — will be a “lease-only” offering, with availability in California and Oregon for now, the carmaker said yesterday. The vehicle will be offered for $269 a month, on a three-year lease, with $1,730 of down payment. The range was reported to be around 80 miles. Because the all-electric […]

OEMs May Raise Incentives on EVs, Experts Say

  • William Hoffman
  • May 23, 2017
SAN DIEGO — Manufacturers may be forced to highly incentivize electric vehicles to comply with state laws, despite the cars’ continued low residual values, experts said during a panel discussion at the Auto Finance Risk and Compliance Summit last week. Electric vehicles on the market today have not retained their value, which makes it more difficult for lenders to underwrite, […]

Nissan Scouts Opportunities in Mobility for New Credit Card

  • Emma Sandler
  • May 15, 2017
Nissan Motor Co. is seeking mobility opportunities for its new Visa co-branded credit card, Mobility Finance has learned. The Visa consumer credit card, which was released May 4, is a creation between Nissan Motor Acceptance Corp. (NMAC) and Synchrony Financial. The card allows cardholders to earn points toward the purchase or lease of a new Nissan or certified pre-owned vehicle, […]
Page 1 of 212 »