Navistar said for the fourth quarter 2011, its Navistar Financial affiliate recorded $27 million in profit, compared with a year-ago fourth quarter profit of $34 million. During fiscal year 2011, the segment earned $129 million, compared to $95 million in fiscal year 2010.
The increase in year-over-year profits included decreased administrative costs and a lower provision for credit losses, slightly offset by a lower net interest margin. Liquidity remains strong and on better terms than previously available, the company said.
No tags available
The 9th U.S. Circuit Court of Appeals has issued a ruling on whether amendments to the bankruptcy code in 2005, when the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) became effective, created an exception to the absolute priority rule... read more
The Equipment Leasing and Finance Foundation’s February 2016 Monthly Confidence Index for the Equipment Finance Industry registered 48.3 equipment finance market confidence, the lowest mark recorded since September 2011’s score of 47.6. In an ELFF press release, Financial Pacific Leasing... read more