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Auto Loans and Leases Up 1% in Q3

The Federal Reserve Bank of New York reports auto loan originations grew in Q3 despite a 7.4%...

The Federal Reserve reports U.S. car buyers borrowed $159 billion in the third quarter, a modest gain powered by a 6% increase in originations to prime credit customers.


Chrysler Dealers to Appeal Claims Court Loss

In October, the U.S. Court of Federal Claims ruled that hundreds of Chrysler dealers...

An attorney representing hundreds of former Chrysler franchisees in a $1 billion lawsuit against the federal government plans to file an appeal that could make its way to the U.S. Supreme Court.


FCA, PSA Reach Tentative Merger Deal

Fiat Chrysler chairman John Elkann is poised to serve in the same position following a merger...

Fiat Chrysler and PSA Group have agreed to join forces to create the world’s No. 4 automaker in a $48 billion deal designed to save the factories billions in research and development costs.


Report: FCA and PSA in Merger Talks

Carlos Tavares is chairman and CEO of PSA Group, France’s largest vehicle manufacturer. He is...

Bloomberg reports Fiat Chrysler and PSA Group, which includes the Peugeot, Opel, and Citroen brands, could announce a merger as soon as this week, a deal that would form a General Motors-sized factory.