Volvo Eyes Financial Services for Future Growth

  • Emma Sandler
  • October 23, 2017
Volvo Financial Services is still an “untapped potential” for Volvo Group and is key to deepening the relationship with customers, Chief Executive Martin Lundstedt said in the OEM’s third-quarter earnings report last Friday. Last Updated: 23rd October, 2017, 11:24 AM

Fair to Close Funding Round, Secures Offers for Nearly $1 Billion in Capital

  • Natalie Mattila
  • October 23, 2017
Fair — a used-car, no commitment leasing app — is closing a strategic funding round for an undisclosed amount and has additionally secured offers for nearly $1 billion in capital from a group of institutional investment banks, the company announced today. The funding round was led by BMW i Ventures, and includes investments from other strategic […]

Daimler Sees Financing Uptick in China, but Declines in the Americas

  • Emma Sandler
  • October 20, 2017
Daimler Financial Services reported a decrease in leasing and loan contracts in the Americas, but saw a “significant” increase in China — in addition to growth in its mobility services sector, according to the company’s third-quarter earnings released today. Last Updated: 20th October, 2017, 12:10 PM

Canadian Digital Platform Launches U.S. Version

  • Natalie Mattila
  • October 20, 2017
USA Drives, the U.S. division of auto loan platform Canada Drives, is already seeing a quick consumer and dealer adoption rate one month after launching, founder and co-Chief Executive Cody Green told Auto Finance News. Vancouver-based Canada Drives launched in 2010 and works with dealer partners’ existing lenders to secure indirect financing or personal loans for the vehicle they […]

Daimler AG Pushes for Mobility With Corporate Overhaul

  • Emma Sandler
  • October 17, 2017
Daimler AG provided more insight into plans for its largest corporate overhaul in a decade, giving more independence to Mercedes-Benz Cars & Vans, Daimler Trucks & Buses, and the existing legally independent Daimler Financial Services AG, the company said Monday in a statement. Last Updated: 17th October, 2017, 11:51 AM
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