Nissan-Renault CEO Ghosn on Global Auto Industry
Carlos Ghosn, Nissan-Renault president/CEO weighs in on Toyota's recall, with CNBC's Maria Bartiromo.
January 28, 2010
February 12, 2009
Data point of the day: Stunning decline in loan applications at AmeriCredit
Go to page 11 of AmeriCredit's latest investor presentation to see the sharp drop-off in applications for auto loans as well as a more modest decline in approval rates. When the declines in applications and approvals are considered jointly, it's clear that funded loans have become a rarity. AmeriCredit has stated it will fund no more than $100 million of new loans per month in '09, down from the previous level of more than $500 million per month.
AmeriCredit (NYSE:ACF) recently received capital injections from Leucadia (NYSE: LUK) and Fairholme Capital Management.
February 02, 2009
Auto Financing Datapoint of the Day
Interesting (and scary) tidbit of information on the state of the auto financing market, via Portfolio.com.