This massive financial force will juice the auto market as bank lenders cower

Some US consumer banks are pulling out of or scaling back their lending in the subprime auto loan market. But that won't matter much to the biggest automakers in America, many of which have 'captive' finance shops. In other words, they have wholly owned finance subsidiaries who exist for the purpose of making loans to customers. Ford and Toyota are among the biggest players in this lending business. Captive lenders are a massive financial force in the auto lending business. Information services ...