Wednesday, December 12, 2012

Santander Weighs IPO of US Car-Finance Arm | Merit Loans

Santander Weighs IPO of US Car-Finance Arm
The deal would represent a second effort by Santander to lock in profits on the car-financing unit: Last year, Santander sold a stake to buyout firms KKR & Co., Warburg Pincus and Centerbridge Partners, in a transaction that valued Santander Consumer ?
Read more on Wall Street Journal

Experian Automotive: Toyota, Ford and Chevrolet top makes financed in Q3 2012
Findings from its Q3 State of the Automotive Finance Market analysis showed market share for nonprime, subprime and deep-subprime automotive loans for new vehicles grew by 13.6 percent and new vehicle leasing grew by 7.53 percent year over year.
Read more on Equities.com

GM Financial to Acquire Ally Financial's International Automotive Financing ?
General Motors Financial Company, Inc., (GM Financial) a wholly owned subsidiary of General Motors Co. (NYSE: GM), announced today that it is acquiring automotive financing operations in Latin America, Europe and China from Ally Financial Inc. (Ally).
Read more on Equities.com

Source: http://meritloans.com/auto-finance-2/santander-weighs-ipo-of-us-car-finance-arm

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