Financial News

KAR Auction Services, Inc., an operator of digital marketplaces for wholesale used vehicles, has completed the acquisition of CARWAVE Holdings LLC for $450 million in cash. “This acquisition adds a…
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by American Credit Acceptance Receivables Trust 2021-4 (“ACAR 2021-4”), an asset-backed securitization collateralized by a pool…
Sonic Automotive, Inc., a Fortune 500 Company and one of the nation’s largest automotive retailers, announced a proposed private offering of $1.0 billion aggregate principal amount of its Senior Notes…
Nova Credit, a fintech servicing those historically excluded from the credit system and companies looking to serve them, has partnered with Westlake Financial to provide the company access to Nova…
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of notes issued by Avid Automobile Receivables Trust 2021-1, an asset-backed securitization collateralized by a pool of auto loans.…
The board of directors of Ally Financial Inc. declared a quarterly cash dividend of $0.25 per share of the company's common stock, payable on Nov. 15, to stockholders of record…
Dickinson Fleet Services has acquired Mobile Fleetcare, the San Francisco area’s leading provider of fleet maintenance. The acquisition serves to expand and strengthen the geographic reach of DFS in the …
Alamo Group Inc. announced that its board of directors has declared its quarterly cash dividend of $0.14 per share, payable Oct. 28 to shareholders of record at the close of…
Toyota Motor North America reported September 2021 U.S. sales of 152,916 vehicles, a decrease of 22.4 percent on a volume and daily selling rate (DSR) basis versus September 2020. U.S. …
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