A potential problem in the manufacturing of sensors used in GM’s brake-by-wire system means the C8 Corvette, as well as some 2021 Chevrolet Trailblazer, 2020 and 2021 Buick Encore, and 2020 Cadillac (CT4, CT5, and XT4) vehicles, are being recalled. In systems with the flawed sensors, correct information may not …
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The COVID-19 outbreak dealt a major blow to large auto lenders’ first-quarter earnings as banks deferred auto loan payments and shifted resources to shield themselves from future losses. As lenders tighten credit access to mitigate the fallout of the coronavirus pandemic on their auto portfolios, finance-and-insurance managers are working overtime …
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Speeding up credit decisions is becoming a major competitive point among auto lenders trying to woo dealership clients. Two of the largest U.S. auto lenders, Wells Fargo and Ally Financial Inc., say automating decisioning is among their top priorities in 2020. Ally CFO Jenn LaClair said the lender rolled out …
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