Ford Motor Company announced its fourth-quarter and full-year 2024 financial results. “Ford is becoming a fundamentally stronger company. We finished 2024 with a solid fourth quarter, capping the highest revenue…
Westlake Flooring Services, a provider of comprehensive flooring solutions, announced 0% promotional interest rates on their floor plan lines of credit. Starting February 2025, new dealers who sign up for…
The Federal Reservice kept interest rates unchanged during its recent policy meeting. In its Federal Open Market Committee statement, the group laid out its reasoning. “Recent indicators suggest that economic…
The Dave Cantin Group, an advisor to retail automotive groups and their owners, announced its partnership with PGA Tour professional Quade Cummins, marking the company’s first venture into athlete sponsorship.…
Lendbuzz, an AI-based fintech company that offers consumers access to credit when purchasing a vehicle, has closed a $262 million securitization (LBZZ 2025-1) collateralized by a pool of auto loans…
Asbury Automotive Group, one of the largest auto retail and service companies in the U.S., reported fourth quarter 2024 net income of $129 million ($6.54 per diluted share), an increase…
UVeye, a provider of AI-driven vehicle inspection technology, announced $191 million of funding, bringing total capital raised to date to $380.5 million. This latest infusion, combining equity and debt, will…
Group 1 Automotive, with 259 dealerships located in the U.S. and U.K., reported financial results for the fourth quarter of 2024 (current quarter) and full year 2024 (current year). Net…
The Consumer Financial Protection Bureau ordered the American Honda Finance Corporation to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 people who drive Honda…