Daimler Financial Services grew its portfolio 6% year over year to $174.6 billion USD (139.9 billion Euro) in 2017, amid the company’s strong push into mobility services, according to the company’s fo...
Daimler Financial Services grew its portfolio 6% year over year to $174.6 billion USD (139.9 billion Euro) in 2017, amid the company’s strong push into mobility services, according to the company’s fourth-quarter earnings released today. The captive originated 1.9 million new financing and leasing contracts in 2017, a 14% year-over-year increase from the year prior. […]
There might be a new entrant in the auto asset-backed securitization market. Tesla Inc. issued an ABS-15G filing with the Securities and Exchange Commission last week, indicating the electric car maker will establish a Tesla Auto Lease Trust. The manufacturer is poised to issue a bond backed by leases on its electric cars in an […]
Bank of America is the finance provider for Volvo Cars’ new subscription service launched late last year, David Hollodick, the bank’s senior vice president of consumer vehicle lending, told Auto Finance News. All of Volvo Car Financial Services’ loan and lease originations end up on Bank of America’s balance sheet, Hollodick explained, including subscriptions to […]
Auto Finance News is calling for dynamic and forward-thinking auto finance professionals to join the speaker roster for the third annual Auto Finance Innovation event, slated for March 7-8, at the Parc 55 San Francisco. Help shape our agenda for 2018 and beyond by letting us know which speakers you would like to hear from, and what topics […]
Toyota Motor Corp. will merge its subsidiary Toyota Fleet Leasing Co. Ltd. with its second-tier subsidiary Toyota Tokyo Rental & Leasing Co. Ltd. to establish a new company — Toyota Mobility Service Co. Ltd. — on April 1, 2018, the company announced yesterday. Specific initiatives of Toyota Mobility Service Co. include collaborating with Toyota’s in-house […]