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, […]

Lincoln to Pilot Monthly Subscription Service

  • Emma Sandler
  • November 30, 2017
Lincoln Motor Co., under the ownership of Ford Motor Co., plans to pilot a monthly subscription service next year, adding to the ever-growing list of luxury subscription car options. The service will begin in California, enabling clients to select a month-to-month vehicle subscription that includes insurance, maintenance, roadside assistance, and vehicle pickup and delivery. “Building […]
Page 1 of 2712345 » 1020...Last »