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

Mobility to Change Secondary Market, Goldman Economist Says

  • William Hoffman
  • November 7, 2017
LAS VEGAS — Goldman Sachs & Co. is mulling how to structure new ownership and investment models as lenders eye a mobility-focused future in which financial institutions are lending more for fleets of vehicles rather than for individual service contracts. “You’ll see more transition to institutions becoming fleet managers,” Robert McDonald, vice president of structured […]