Bank of America: Eliminating Third-Party for Online Platform Was ‘Critical’ [VIDEO]

  • Natalie Mattila
  • June 2, 2017
SAN DIEGO — The driving factor behind Bank of America’s decision to build its new online, direct lending platform — rather than buy or partner with a third-party — was to maintain control, Duane Freeman, the bank’s national sales executive of consumer vehicle lending, said at Auto Finance Innovation 2017. “Most other key competitors have […]

Autonomous Cars to Decrease Vehicle Production, Volvo Says

  • William Hoffman
  • April 11, 2017
DALLAS — While mobility-as-a-service and autonomous vehicles are the future, General Motors Co. does not expect a “major impact” on car ownership for at least another 10 years, Harry Lightsey, GM’s executive director of global connected customers and public policy, said during a panel discussion at CBA Live. However, somewhere down the line, autonomous driving will […]