Daimler Financial Grew Portfolio 6% in 2017 Amid Mobility Push

  • Emma Sandler
  • February 1, 2018
Daimler Financial Services grew its portfolio 6% year over year to $174.6 billion USD (139.9 billion Euro) in 2017, amid the company’s strong push into mobility services, according to the company’s fourth-quarter earnings released today. The captive originated 1.9 million new financing and leasing contracts in 2017, a 14% year-over-year increase from the year prior. […]

Toyota Establishes New Mobility Service Unit

  • Emma Sandler
  • December 22, 2017
Toyota Motor Corp. will merge its subsidiary Toyota Fleet Leasing Co. Ltd. with its second-tier subsidiary Toyota Tokyo Rental & Leasing Co. Ltd. to establish a new company — Toyota Mobility Service Co. Ltd. — on April 1, 2018, the company announced yesterday. Specific initiatives of Toyota Mobility Service Co. include collaborating with Toyota’s in-house […]

Daimler Mobility Services Acquires French Uber Competitor

  • Emma Sandler
  • December 22, 2017
Daimler Mobility Services — which is under the operation of Daimler Financial Services — acquired a majority stake in Chauffeur Privé, a private-hire vehicle service in France, yesterday. Daimler Mobility Services now controls more than 50%, with the intention to fully acquire Chauffeur Privé by 2019, the company said in an announcement. Financial details were […]

GM Financial Joins Hyperledger to Test Blockchain

  • Emma Sandler
  • December 22, 2017
General Motors Financial Co. has joined as a general member of Hyperledger — an open-source collaborative effort from the Linux Foundation created to advance cross-industry blockchain technologies. Blockchain is the same technology used by cryptocurrencies such as bitcoin, and provides secure online data transfers by allowing sensitive financial data to be transmitted electronically without an […]

Waymo Partners With Insurance Startup to Roll Out Ride-hailing Service

  • Emma Sandler
  • December 19, 2017
Following Waymo’s announcement in November that it would launch a commercial ride-hailing service in 2018, Waymo has partnered with a startup to provide the proper insurance. Waymo currently operates a beta ride-hailing service to the public in Phoenix, Ariz., and will be work with Danville, Calif.-based Trov to provide on-demand trip insurance customized for passengers of Waymo’s soon-to-be-launched […]
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