New Auto Loans

Ford selling $1B of bonds backed by auto loans

Ford Motor Co. is marketing $1 billion of bonds backed by auto loans after vehicle sales last year reached a four-year high, according to a person familiar with the deal.

Volkswagen Sells $1.25 Billion of Bonds Backed by Auto Loans

Volkswagen AG sold $1.25 billion in bonds backed by auto loans in its largest sale in 10 months, according to a person familiar with the sale.

At U.S. auto show, Obama takes swipe at Romney

WASHINGTON (Reuters) - After getting behind the wheel of shiny new American cars at a Washington auto show, President Barack Obama took a veiled swipe at his most likely White House opponent Mitt Romney for having opposed the 2009 auto bailout. "The U.S. auto industry is back," Obama told reporters who watched the Democrat take the driver's seat in a number of vehicles, including fuel efficient ...

At auto show, Obama touts industry success

Obama hails rebound of auto industry, reminds voters some politicians were "willing to let this industry die"

Obama plays up auto industry success story

President Barack Obama hailed the rebound of the U.S. auto industry on Tuesday, trumpeting an economic story he hopes to use to his political advantage in key Rust Belt states such as Michigan and Ohio. ...

Schaeffler Inks New Credit Agreement; Plans To Tap Bond Market

German engineering firm and auto-parts maker Schaeffler Group said Friday it completed a new credit agreement worth EUR8 billion with eight banks, replacing a deal signed in Nov., 2009, in order to improve both the maturity profile of its liabilities and financing costs.

Misc: REO to Rental Program, New Refinance Plan and Auto Sales

The Federal Housing Finance Agency (FHFA) today announced the first step of a Real Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases.