Partnerships ‘More Productive’ Than Equity Investments, Getaround CFO Says

  • Natalie Mattila
  • November 30, 2017
LAS VEGAS — While equity investments are beneficial for startups, “arms-length” transactions or strategic partnerships that rely on factors other than equity return are often “more productive,” Getaround’s Chief Financial Officer Adam Kosmicki said at the 2017 Auto Finance Summit. “The expected value of [that equity investment] can often be a lot lower than investing internally […]

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 […]