Renault-Nissan Captive Relaunches Mobility Platform Karhoo

  • Emma Sandler
  • December 13, 2017
After RCI Bank and Services purchased a majority share in the startup Karhoo in January, the bank is restarting the mobility aggregator’s operations. RCI Bank and Services is a French bank that provides automotive financing and services for the Renault-Nissan Alliance brands. As a ground-transit mobility aggregator, Karhoo will have over 150,000 vehicles available worldwide on its platform by […]

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 […]
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