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Ottawa is considering scrapping its current EV mandate, which outlines 60% of all new car sales should be electric by 2030, in favor of revised standards targeting fuel efficiency and credits, CBC ...

The establishment of industrial banks by Ford Credit and GM Financial is expected to lead to lower funding costs, netting a credit positive for the captives. The industrial loan company (ILC) charters ...

Ford and General Motors have received federal approval to establish new banks in Utah. The new banks will primarily offer auto financing for their respective car brands. Nearly half of all new car ...