Hyundai Capital America Forms Partnership With AutoGravity

  • Emma Sandler
  • September 20, 2017
Hyundai Capital America — which also operates Hyundai Motor Finance, Kia Motors Finance, and Genesis Finance — joined AutoGravity’s car shopping and financing platform, the companies announced yesterday. Last Updated: 20th September, 2017, 11:33 AM

BMW Financial U.K. Expands Scope of Innovation Lab

  • Emma Sandler
  • September 18, 2017
After deeming its first Innovation Lab in 2016 a success, BMW Group U.K. is expanding the focus of its startup accelerator for its 2018 cohort. BMW Group Financial Services launched the Innovation Lab in the U.K. in 2016 as an opportunity for early-stage startup companies to partner with the company. Last Updated: 18th September, 2017, […]

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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