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 […]

Porsche Targets Fintech, Mobility Startups for New Accelerator

  • Emma Sandler
  • December 7, 2017
Porsche Digital, in partnership with Axel Springer Digital Ventures, will launch an accelerator in spring 2018 to support business ideas that have a high-market potential, which include fintech and mobility, Auto Finance News has learned. Porsche Digital is a wholly owned subsidiary of Porsche AG and serves as its digital mobility center. The unnamed accelerator, […]

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” […]
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