Lincoln to Pilot Monthly Subscription Service

  • Emma Sandler
  • November 30, 2017
Lincoln Motor Co., under the ownership of Ford Motor Co., plans to pilot a monthly subscription service next year, adding to the ever-growing list of luxury subscription car options. The service will begin in California, enabling clients to select a month-to-month vehicle subscription that includes insurance, maintenance, roadside assistance, and vehicle pickup and delivery. “Building […]

Partnerships ‘More Productive’ Than Equity Investments, Getaround CFO Says

  • Natalie Mattila
  • November 30, 2017
LAS VEGAS — While equity investments are beneficial for startups, “arms-length” transactions or strategic partnerships that rely on factors other than equity return are often “more productive,” Getaround’s Chief Financial Officer Adam Kosmicki said at the 2017 Auto Finance Summit. “The expected value of [that equity investment] can often be a lot lower than investing internally […]

Daimler Financial Services Launches Startup Incubator

  • Emma Sandler
  • November 22, 2017
Daimler Financial Services debuted a new startup incubator at the2017 Web Summit in Lisbon, Portugal, earlier this month, called Startup Intelligence Center (SIC). The incubator will focus on mobility, finance, and insurance services, according to a company statement. Entrepreneurs are able to pitch to the SIC, whereupon a jury of Daimler employees — from various areas of expertise within the […]

BMW Investment in Fair Signals Potential Partnership

  • Natalie Mattila
  • November 17, 2017
BMW i Ventures’ recent investment in Fair — a used-car, no commitment leasing app — might evolve into a “strategic business partnership,” Fair Co-Founder Georg Bauer said at the Auto Finance Summit. “There are ways of turning this monetary investment into a strategic business partnership,” Bauer said, adding that, for now, it is “a starting point” […]

Toyota Financial Services to Offer Rideshare Rental Program

  • Emma Sandler
  • November 15, 2017
Toyota Financial Services has solicited the white-label mobility service provider Launch Mobility, to jointly create a new short-term rental program for rideshare drivers, the companies announced today. The unnamed service will use off-lease vehicles in the program and is expected to begin as a pilot in Southern California by yearend. Last Updated: 15th November, 2017, 12:49 PM
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