Cat Financial revenues jump despite drop in new business volume
Cat Financial, the finance subsidiary of equipment manufacturer Caterpillar, posted increased revenues despite declining new business volume thanks to favorable interest rates. For the full year, Cat Financial posted $11.4 billion in originations, a decline of 13.3% from 2021, according to
Ford Credit to launch commercial vehicle insurance
Ford Credit will launch an auto insurance product for its commercial business early next year, expanding Ford Motor’s Ford Pro suite of solutions for commercial vehicles. Ford Pro Insure is expected to go live in the first half of 2023 and is powered