A Chevy financing deal could be a big boost for American stocks.Chevy, which is looking to expand into new markets, said Wednesday it has secured a $1.8 billion financing package from a $2.3 billion deal it struck with the U,D.C.-based investment firm U.K.-based Chevy Capital.The deal would give Chevy the backing of more than $6 […]
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Volkswagen Finance Chief Executive Matthias Mueller has agreed to pay $5.2 billion to settle allegations that he conspired to manipulate the German automaker’s profit-sharing and incentive programs, Bloomberg reported.The agreement includes a $1.8 billion payment to settle charges that Mueller’s company illegally shifted the value of financial awards, according to a regulatory filing by the […]
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By now, you’ve probably heard that the auto industry has come up with some sort of “credit card” that’s going to help you buy a car when you’re in debt.It’s called a “credit score,” which stands for credit history.It is an index of the creditworthiness of the car buyer, and it helps lenders figure out […]
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