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 […]

GM Captive to Finance OEM’s 2018 Self-Driving Manhattan Fleet

  • William Hoffman
  • October 31, 2017
LAS VEGAS — General Motors Financial Co. will be the commercial lender for General Motors Co.’s new fleet of autonomous Chevrolet Bolts, which will be introduced onto the streets of Manhattan in early 2018, Auto Finance Newshas learned. The exclusive news came from the captive’s President and Chief Executive Dan Berce during a fireside chat at […]

Loan Porfolio Servicing Expands With 2 Rideshares and 7,000 Leases

  • Emma Sandler
  • September 14, 2017
Loan Portfolio Servicing (LPS), a servicing and management company of auto loans and leases, added 7,000 rideshare leases belonging to two different rideshare leasing companies to its portfolio yesterday. Last Updated: 14th September, 2017, 11:07 AM

Ola’s Leasing Division Secures $156M for Fleet Expansion

  • Emma Sandler
  • September 12, 2017
Ola Fleet Technologies Pvt. Ltd., the cab-leasing arm of taxi aggregator Ola, has received a loan for $156.3 million from Yes Bank to finance the purchase of commercial vehicles. As a part of the agreement, the vehicles purchased by Ola will remain as collateral, according to the company’s July filings with the Ministry of Corporate […]

EY’s New Blockchain System to Allow Shared-Ownership of Vehicles

  • Emma Sandler
  • September 11, 2017
Accounting and consulting firm EY, part of Ernst & Young Global Ltd., is launching a blockchain-based system that will allow both companies and groups of individuals to more easily share ownership of vehicles and access to cars and trucks. Last Updated: 11th September, 2017, 11:40 AM
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