Johnnie Martinez II, Author at Equipment Finance News

Deere & Co.’s financial services provisions for credit losses increased in the first quarter amid a downturn for the agriculture...

Mitsubishi HC Capital America CDO Johanneson joins Equipment Finance Connect

byJohnnie Martinez II

February 13, 2025

Equipment Finance News is pleased to announce that Mitsubishi HC Capital America’s Chief Digital Officer and Executive Vice President Christopher...

A truck enters the Ford Windsor Engine Plant in Windsor, Ontario, Canada, on Tuesday, Feb. 4, 2025. US President Donald Trump's proposed tariffs against Canada and Mexico would threaten production at automakers across North America and send record vehicle prices even higher, with about a quarter of a trillion dollars in trade that would be disrupted.

Ford Motor enhances service efforts for Ford Pro dealers

byJohnnie Martinez II

February 12, 2025

Ford Motor Co. is looking to improve its commercial vehicle operations for its Ford Pro dealers through more robust service...

NASHVILLE — The equipment finance industry is seeing a slight downturn as interest rates remain elevated and banks tighten their lending practices, with dealers and lenders looking to continue serving their customers while refining their finance and insurance operations.

Equipment lenders at ‘full throttle’ in 2025

byJohnnie Martinez II

February 11, 2025

Equipment lenders see an advantageous market in 2025 after years of pandemic-induced capital and supply chain challenges. Equipment lenders are...

A First Citizens Bank branch in Alpharetta, Georgia, US, on Thursday, March 23, 2023. First Citizens BancShares Inc., one of the biggest buyers of failed US lenders, is still hoping to strike a deal for all of Silicon Valley Bank, according to people familiar with the matter.

First Citizens, Sixth Street launch equipment finance venture

byJohnnie Martinez II

February 10, 2025

First Citizens Bank and Sixth Street are launching Sixty-First Commercial Finance, an equipment finance joint venture targeting middle- to large-ticket...

A Terex Corp. reach stacker transports a CMA CGM SA shipping container in the Med Europe Terminal at the Port of Marseille, France, on Friday, Dec. 18, 2015. Marseilles-based CMA CGM currently has 8.8 percent of the global shipping market.

Terex backlog nears pre-pandemic averages

byJohnnie Martinez II

February 7, 2025

Equipment manufacturer Terex reduced its backlog again to end 2024, as the market returns closer to pre-pandemic levels. Overall order...

Partially assembled vehicles, including the Chevrolet Silverado 1500 and GMC Sierra 1500, at the General Motors assembly plant in Fort Wayne, Indiana, US, on Tuesday, April 9, 2024. General Motors Co. is scheduled to release earnings figures.

Ford, GM realizing long-term benefits of commercial fleet bundling

byJohnnie Martinez II

February 6, 2025

Ford and General Motors benefited from growing commercial vehicle demand in the fourth quarter, as software and fleet sales indicate...

Equipment lenders roll with growing rental industry

byJohnnie Martinez II

February 5, 2025

Equipment lenders are adapting to the growing equipment rental market and developing financing programs that fit customers' needs. The rental...

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