Ford Smart Mobility Reports ‘Small Loss’ in 1Q, CFO Says

  • Emma Sandler
  • April 28, 2017
Ford Motor Co. saw a pre-tax accumulative loss of $212 million for its “all other” category — which includes Ford Smart Mobility LLC — in the first quarter, according to the company’s earnings call yesterday. The loss is a net interest expense on the OEM’s automotive debt related to investments in emerging opportunities, Robert Shanks, Ford’s executive […]

Divido Set to Partner With Ford, VW to Offer Vehicle Repair Financing

  • Natalie Mattila
  • April 28, 2017
Divido, a financing platform, is poised to secure partnerships with Ford Motor Co. and Volkswagen, after inking a deal with BMW Financial Services U.K. just six months ago, Mobility Buzz has learned. The startup financial services platform pairs consumers with lenders to offer financing for unexpected repair costs following vehicle servicing, and by teaming up with […]

Will Monetizing Mobility Data in China Become a Concern for OEMs?

  • Emma Sandler
  • April 28, 2017
As vehicles become increasingly internet-connected, as well as vehicle-to-vehicle connected, many OEMs are being asked whether the Chinese government will bar certain OEMs from profiting off of consumer data without the assistance of a Chinese internet company. The communist Chinese government has previously banned American internet sites like Facebook, Twitter, and Google from operating in the country, which […]

BMW Financial U.K.’s Innovation Lab Yields 3 Startup Partnerships

  • Natalie Mattila
  • April 27, 2017
BMW Group Financial Services U.K.’s 10-week Innovation Lab “surpassed expectations,” as evidenced by the captive’s recent commercial deals with three of the participating startups, Chief Executive Mike Dennett said in a blog post. The lab — a financial technology business incubator — supported the work of five startups, which were selected by BMW. The lab […]

Espin Partners With Klarna to Offer Financing for Electric Bikes

  • Emma Sandler
  • April 27, 2017
Espin eBikes partnered with Klarna, an e-commerce payment solutions company, making it possible to now obtain financing for an electric bike. San Francisco-based Espin, which was founded in 2015, began selling its ebikes in January 2017. Espin currently offers four bike options that retail for $1,888 each. With Klarna, a purchaser can now opt for financing […]
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