Maven, the mobility unit owned and operated by General Motors Co., is reportedly considering building out the platform to include on-demand ridesharing in the style of Uber or Lyft. Last Updated: 17th...
CarLabs is working with an undisclosed OEM to launch a chatbot by September, which could include integration of the captive finance arm, Brendan Flynn, vice president of marketing, told Auto Finance News. Last Updated: 28th July, 2017, 9:39 AM
Capital One Financial Corp. is making changes to its commercial taxi medallion lending portfolio by restructuring loans to protect its collateral as rideshares disrupt the industry, Chief Financial Officer Scott Blackley said on the company’s second quarter earnings call last week. “We’re working aggressively with our borrowers to restructure loans where possible; we’re taking steps […]
Uber drivers and couriers in France will automatically receive accident insurance beginning this fall, as Uber and French insurance company Axa said yesterday. But the reason for this is not out of any altruism. Instead, it’s a legal requirement of Uber to comply with France’s latest labor law. Last Updated: 26th July, 2017, 11:04 AM
With the rapid advancement of autonomous vehicles, traditional personal auto insurance has the potential to be severely disrupted by new competition and shifts to other types of insurance coverage. The move to new business models will not be smooth, according to a June report from KPMG entitled, “The chaotic middle: The autonomous vehicle and disruption in automobile […]
RCI Bank and Services grew its balance sheet to $46.6 billion, as compared to approximately $29 billion seven years ago, thanks — in part — to focusing its business model on mobility rather than just captive financing, Auto Finance News has learned. Formerly known as Renault Crédit International, RCI Bank is a France-based automotive captive, insurance company, and […]