Celebrating Great American Automobiles
Car finance companies must report liquidity and capital metrics more frequently as the coronavirus crisis reduces the value of the vehicles used as collateral for loans, Bloomberg reported. …
Federal intervention and payment deferral offers likely kept consumers afloat last month, but the credit bureau warns the number of auto loans in financial hardship status grew exponentially from March to April. …
For some consumers who defaulted but have not had their cars repossessed, Santander is required to allow them to keep them and waive loan balances up to a total of $45 million and to waive deficiency balances on other loans totaling $433 million. …
For some consumers who defaulted but have not had their cars repossessed, Santander is required to allow them to keep them and waive loan balances up to a total of $45 million and to waive deficiency balances on other loans totaling $433 million. …
IMSA issues revised 2020 schedule The IMSA WeatherTech SportsCar Championship will resume with two behind-closed-door races at Daytona and Sebring in July. IMSA will operate the pair of spectator-free races on July 4 and July 18 respectively using the same protocols in place for the events run by NASCAR at Darlington this weekend and Charlotte next week. What is being billed …Keep reading …
IMSA issues revised 2020 schedule The IMSA WeatherTech SportsCar Championship will resume with two behind-closed-door races at Daytona and Sebring in July. IMSA will operate the pair of spectator-free races on July 4 and July 18 respectively using the same protocols in place for the events run by NASCAR at Darlington this weekend and Charlotte next week. What is being billed …Keep reading …
Announced back in January during the Rolex 24 at Daytona weekend, LMDh will replace DPi as the IMSA WeatherTech Sports Car Championship’s top class in 2022, and will also be eligible to race alongside Le Mans Hypercars (LMH) in the FIA World Endurance Championship.More details on the regulations were finally revealed last week, while on Monday it was confirmed the LMH rules would be modified …Keep reading …
The German fixture, which maintains its September 6 date, has been extended in duration and joins the already-rescheduled Paul Ricard 1000km six-hour race in November on what is now an eight-weekend calendar. GTWCE organiser the Stephane Ratel Organisation has reduced the number of events from 10 to eight in light of the compacted season resulting from the COVID-19 pandemic, while keeping the …Keep reading …
Sekiya, 70, first joined TOM’S back in 1983 and embarked on a decade-long stint driving Group C machinery for the team including seven Le Mans starts starting in 1985.His best finishes came in 1992, when he, Pierre-Henri Raphanel and Kenny Acheson finished second at the wheel of a Toyota TS010, while the following year he, Eddie Irvine and Toshio Suzuki finished fourth.After a year away …Keep reading …
All six of the large publicly traded U.S. retailers noted higher finance-and-insurance profits per vehicle in the first quarter, while AutoNation and Sonic Automotive reported all-time quarterly records. …
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