Hitachi Capital America corporation’s President and GM of Automotive Finance, Robert C. Otto, will be retiring from the company in 2017.  Bob’s planned departure completes a remarkable 44-year career in the automotive industry, which began at GMC and Chevrolet.  Bob created and launched the Automotive Finance Division for HCAC in 2001 and spent 16 years building the business to $700MM in transportation assets and nearly $1B in annual sales. 

HCAC’s Automotive Finance Division specializes in financing all classes of commercial vehicles, including heavy duty trucks and trailers.  Hitachi Capital America’s President and Chief Operating Officer, Ryan Collison, said, “We thank Bob for all of his efforts in building the business and positioning HCAC for continued growth and success.  During his tenure he made important contributions to the company while earning wide respect in the automotive industry, as well as across organizations.”  Mr. Otto will facilitate the transition of his role to a successor.