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” […]

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 […]

Volvo Eyes Financial Services for Future Growth

  • Emma Sandler
  • October 23, 2017
Volvo Financial Services is still an “untapped potential” for Volvo Group and is key to deepening the relationship with customers, Chief Executive Martin Lundstedt said in the OEM’s third-quarter earnings report last Friday. Last Updated: 23rd October, 2017, 11:24 AM

Fair to Close Funding Round, Secures Offers for Nearly $1 Billion in Capital

  • Natalie Mattila
  • October 23, 2017
Fair — a used-car, no commitment leasing app — is closing a strategic funding round for an undisclosed amount and has additionally secured offers for nearly $1 billion in capital from a group of institutional investment banks, the company announced today. The funding round was led by BMW i Ventures, and includes investments from other strategic […]
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