10 Auto Finance and Mobility Companies Tackling AI

  • Emma Sandler
  • July 31, 2017
The term “artificial intelligence” may seem like a 21st-century buzzword, but in fact, it has existed for more than six decades. However, only now is a part of our daily lives. AI exists in simple forms, like chatbots and digital personal assistants, as well as more advanced iterations in machine learning and self-driving cars. Transportation […]

Daimler Invests in Mobility for Boon in Financial Services Division

  • William Hoffman
  • July 31, 2017
Daimler Financial Services is looking to grow its portfolio by more than 5.5% through 2020, largely driven by its investments in mobility, according to the company’s second-quarter earnings report. The OEM intends to spend 15.2 billion Euros on the development of mobility in 2017 and today the company serves 14.5 million people worldwide through a […]

CarLabs to Launch OEM Chatbot

  • Emma Sandler
  • July 28, 2017
CarLabs is working with an undisclosed OEM to launch a chatbot by September, which could include integration of the captive finance arm, Brendan Flynn, vice president of marketing, told Auto Finance News. Last Updated: 28th July, 2017, 9:39 AM

Capital One Adjusts Taxi Underwriting as Rideshares Disrupt the Market

  • Natalie Mattila
  • July 27, 2017
Capital One Financial Corp. is making changes to its commercial taxi medallion lending portfolio by restructuring loans to protect its collateral as rideshares disrupt the industry, Chief Financial Officer Scott Blackley said on the company’s second quarter earnings call last week. “We’re working aggressively with our borrowers to restructure loans where possible; we’re taking steps […]

Uber to Provide Accident Insurance in France for Free, but There’s a Catch

  • Emma Sandler
  • July 26, 2017
Uber drivers and couriers in France will automatically receive accident insurance beginning this fall, as Uber and French insurance company Axa said yesterday. But the reason for this is not out of any altruism. Instead, it’s a legal requirement of Uber to comply with France’s latest labor law. Last Updated: 26th July, 2017, 11:04 AM
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