Cazana to Offer Finance Through Car History Report Platform

  • Natalie Mattila
  • May 1, 2017
Cazana is preparing to offer financing directly through its vehicle history report platform, following a recent partnership with BMW Financial Services U.K., Mobility Buzz has learned. Formerly known as UKVehicles.com, the web-based service supplies vehicle history reports to individuals on used cars, including data that allows customers to track previous sales history, the value of […]

Divido Set to Partner With Ford, VW to Offer Vehicle Repair Financing

  • Natalie Mattila
  • April 28, 2017
Divido, a financing platform, is poised to secure partnerships with Ford Motor Co. and Volkswagen, after inking a deal with BMW Financial Services U.K. just six months ago, Mobility Buzz has learned. The startup financial services platform pairs consumers with lenders to offer financing for unexpected repair costs following vehicle servicing, and by teaming up with […]

BMW Financial U.K.’s Innovation Lab Yields 3 Startup Partnerships

  • Natalie Mattila
  • April 27, 2017
BMW Group Financial Services U.K.’s 10-week Innovation Lab “surpassed expectations,” as evidenced by the captive’s recent commercial deals with three of the participating startups, Chief Executive Mike Dennett said in a blog post. The lab — a financial technology business incubator — supported the work of five startups, which were selected by BMW. The lab […]

Baidu Invests in Auto Lending Site as Potential Platform for Autonomous Cars

  • Emma Sandler
  • April 21, 2017
Baidu Inc. — together with Tencent Holdings and JD.com — announced yesterday an investment of $1 billion in Bitauto Holdings, an e-commerce site for automobile users, manufacturers, and dealers, providing a potential platform for the Chinese search engine’s autonomous vehicle technology. The investment will go towards Bitauto’s financing subsidiary Yixin Capital. The funding is aimed at growing Bitauto’s […]

Subvention in Jeopardy as Carshare Signals ‘Subscription’ Financing

  • Natalie Mattila
  • April 19, 2017
Financial incentives have been one of the most powerful tools for manufacturers to boost sales and finance volume for years, and in the past, OEMs have relied heavily on their captive finance arms to help make these promotions happen. That might end soon. “You will see OEMs that will say, ‘Hey, if you stay with […]
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