Stellantis Buys First Investors to Set Up US Auto Finance Arm - Bloomberg

Stellantis NV is buying Houston-based auto lender First Investors Financial Services Group to set up its own captive-finance arm in the U.S., supporting its sales and potentially boosting profits.

Stellantis, which is the only one of the major traditional automakers in the U.S. without its own captive finance arm, agreed to pay $285 million to a group of investors led by Gallatin Point Capital and Jacobs Asset Management, it said in a statement Wednesday.

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