UPDATE 1-Goldman's subprime car lender Triad to cut jobs

Newswire

(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 ...

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