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 […]

MaaS Global Receives Investment From Toyota Financial Services

  • Emma Sandler
  • June 20, 2017
Toyota Financial Services and its insurance partner Aioi Nissay Dowa Insurance Company led the most recent round of funding for a Finnish mobility startup MaaS Global, initiating an “ongoing” partnership between the lender and the startup, Mobility Finance has learned. MaaS Global, which secured over $11 million in funding, seeks to build an end-to-end mobility ecosystem with its Whim […]

SPLT ‘In Talks’ with OEM to Launch Carshare Model, Exec Says

  • Natalie Mattila
  • June 12, 2017
SPLT is “in talks” with an automaker to integrate its carpool app into the OEM’s connected vehicles, as part of the startup’s plans to launch a carsharing model, Kristin Welch, SPLT’s head of business development and corporate strategy, told Auto Finance News. SPLT envisions shifting its model from B2B to business-to-business-to-consumer, Welch said. Coworkers can […]

Rideshare in Guam to Rollout Leasing Option for Drivers

  • Emma Sandler
  • June 9, 2017
Stroll Guam, a rideshare operating in the U.S. territory in the Pacific, is actively working on leasing options for drivers, Mobility Finance has learned. Guam, which has a population of just over 160,000 people, is home to many taxi cabs that are readily available and reliable, but are fairly expensive, according to multiple published reports. […]

How Rideshares Will Blend Into OEMs When Autonomous Cars Go Mainstream

  • Diana Asatryan
  • June 1, 2017
No doubt, 2017 is the year of autonomous. Major carmakers are not only testing driverless cars, but are beginning to deploy shuttle-like autonomous ridesharing services in closed environments. Ford Motor Co., for example, vowed to have its first batch of autonomous shared shuttles available on Ford factory campuses next year. It will also launch a […]
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