(Adds details about Triad's financial performance) NEW YORK, Aug 29 (Reuters) - Subprime auto lender Triad Financial Corp., partly owned by Goldman Sachs , plans to cut 124 jobs in California next month, according to a notice filed with that state's department of labor. Triad of Huntington Beach, California specializes in financing auto loans for people with weak credit. During the first half of the year, Triad's delinquencies increased to 11.2 percent, up from 9.5 percent at the end of ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Goldman's subprime car lender Triad to cut jobs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.