KKR acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans
NEW YORK–(BUSINESS WIRE)–KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO purchased approximately $6.4 billion of […]
Ford Credit’s Harris to Retire, Be Succeeded by O’Callaghan; Kosman to Follow O’Callaghan as Ford Chief Accounting Officer
Marion Harris will retire in March, capping 25 years at Ford, the past four as president and CEO, Ford Credit, which is transforming itself into a highly customer-focused fintech Cathy O’Callaghan, a longtime global company leader and Ford’s vice president and controller since 2018, to assume leadership of Ford Credit in mid-February Mark Kosman, who […]
UC Berkeley ROAR Racers Among Top Teams to Demo Next-Gen Autonomous Racecars at CES 2024
BERKELEY, Calif.–(BUSINESS WIRE)–The University of California, Berkeley, Three top racing teams from this year’s IAC competition will test out the next-gen model, with its upgraded controls, perception sensors, qualified systems, and other improvements on the original Dallara AV-21 introduced in 2021. The manufacturer’s Autonomous Vehicle (AV) series is based on the classic carbon-composite Indy NXT […]
Fisker Rolls Out Final Fisker Ocean Over-the-Air Software Update of 2023 and Prepares for Regular Updates in 2024
Version 1.11 introduces new features and bug fixes and improves the ownership experience. Version 1.11 is the second major OTA update for 2023, following Version 1.10 in November. Fisker expects to continue OTA updates through Q1 2024. LOS ANGELES–(BUSINESS WIRE)– Version 1.11 began rolling out on Dec. 14. The company expects to completely implement this […]
