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Nissan and American Honda Finance: Toyota is ready to take over Chrysler

A Toyota spokesman said on Wednesday that the automaker would be entering into a strategic partnership with Chrysler Group LLC, the automaking giant’s parent company, to create the Toyota Finance Center, which would focus on financing the Japanese automaker’s global operations.The new center would be a joint venture with Chrysler’s parent companies, Toyota Motor North […]

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Bank says it will no longer be able to provide auto financing

CARSON, Calif.— Bank of America Corp. is ending its auto finance business as the federal government imposes new restrictions on its services.The bank will no long be able provide auto finance services to borrowers under its credit line or to auto dealers under its lease, according to a statement.The decision will apply to the entire […]

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