By Jonathan Stempel NEW YORK, Jan 29 (Reuters) - The founder of First Brands has been indicted by federal prosecutors for ...
The seemingly sudden bankruptcy of subprime auto lender Tricolor Holdings has thrown the used-car financing world into chaos, with banks, investors, and regulators racing to untangle the complex ...
The sudden collapse of Tricolor Holdings has turned a routine car payment into a source of fear for tens of thousands of ...
Subprime auto financing is getting much more complex, from underwriting to securitizations. Likely connected with fallout from last week’s Tricolor Holdings’ Chapter 7 bankruptcy, Credit Acceptance ...
Ford Motor Company and General Motors are reportedly in advanced negotiations with bankrupt auto parts supplier First Brands ...
HOUSTON — A Texas-based auto dealer and lender that once billed itself as a financial lifeline for underserved buyers is now bankrupt, leaving thousands of customers with unanswered questions.
HOUSTON — A day after KHOU 11 first reported on Tricolor Auto’s bankruptcy, more customers are coming forward with concerns about the Texas-based auto lender’s sudden collapse. Just last year, George ...
Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. Lenders to the Rochester Hills-based parent company of the ...
The potential pool of customers who recently filed for bankruptcy and likely can’t get auto financing elsewhere continues to grow for buy-here, pay-here dealers. According to data provided by Epiq ...