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US: subprime auto loans are not the Boogeyman

US: subprime auto loans are not the Boogeyman

According to industry experts, the subprime auto-loan bonds that are so much dreaded by authorities are actually only a small portion of the overall US auto-loan growth. For example, Chris Pink, a managing director at Wells Fargo & Co.’s securities unit, believes that bundling car loans into securities will not […]

BMW finance executive expects positive results in 2015

BMW finance executive expects positive results in 2015

The German automaker, the world’s largest premium carmaker, has been ruling over the segment for several years, but every month competition with Audi and Mercedes-Benz is intensifying. That means over the year, while the BMW managed to edge ahead of its rivals, the sales gap between the three luxury “athletes” […]

BMW taps finance assets in China

BMW taps finance assets in China

The German automaker, the world’s largest producer of premium autos, has announced it has set up asset-backed securities of 800 million yuan (76.7 million pounds) in China. The deal is very important for the carmaker, as the finance unit is now allowed to tap the huge potential of China’s domestic […]

Tesla reportedly needing more loans to survive in 2013

Tesla reportedly needing more loans to survive in 2013

Tesla Motors will be in a very difficult situation next year without loans from the U.S. Department of Energy, MarketWatch reports. Without the hundreds of millions of dollars received by Tesla from the federal government this year, the electric-car maker’s finances would be „gasping for air as 2012 winds down”. […]

UK: 7.2 million drivers are racing against the GPS

UK: 7.2 million drivers are racing against the GPS

Racing against the GPS devices is becoming more popular in the United Kingdom, where 7.2 million drivers admitted that they’ve pushed the gas pedal to get to their destination faster than the GPS estimated. A recent ICM Research survey showed that this was and still is the most popular thing […]

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