Buyers Unlikely to Bite on Uber Subprime Leasing Unit

  • Emma Sandler
  • August 17, 2017
Uber Technologies Inc.’s plan to consolidate or sell its subprime leasing arm, Xchange Leasing, would be a “smart move,” Grayson Brulte, a consultant and president of Brulte & Co., told Auto Finance News. However, Brulte thinks it unlikely another company would acquire the unit, because subprime is a business “about to burst.” Last Updated: 17th August, 2017, 11:16 […]

Moovel’s Accelerator Seeks Mobility Aggregator Startups

  • Emma Sandler
  • August 3, 2017
Moovel — Daimler AG’s mobility unit platform with an integrated booking and payment system for mobility services — is looking to support up to six startups through its accelerator MobilityX, Auto Finance News has learned. MobilityX is comprised of three parts — an education outreach, bi-monthly meetups, and an accelerator. The education outreach and meetups began […]

Daimler Invests in Mobility for Boon in Financial Services Division

  • William Hoffman
  • July 31, 2017
Daimler Financial Services is looking to grow its portfolio by more than 5.5% through 2020, largely driven by its investments in mobility, according to the company’s second-quarter earnings report. The OEM intends to spend 15.2 billion Euros on the development of mobility in 2017 and today the company serves 14.5 million people worldwide through a […]

Capital One Adjusts Taxi Underwriting as Rideshares Disrupt the Market

  • Natalie Mattila
  • July 27, 2017
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 […]

RCI Bank and Services Positions Itself for Future Mobility

  • Emma Sandler
  • July 24, 2017
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 […]
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