Hertz Downsizes Rental Fleet, but Upsizes Rideshare

  • Emma Sandler
  • August 9, 2017
Hertz Global Holdings Inc. reduced its total average fleet by 1% year over year, but increased the number of vehicles dedicated to its ride-hailing fleet in the second quarter, the company reported in its earnings call last week. Last Updated: 9th August, 2017, 11:21 AM

Uber Weighs Options for Xchange Leasing, Including Sell-Off

  • Emma Sandler
  • August 9, 2017
Uber Technologies Inc. is considering selling or consolidating its leasing program — Xchange Leasing — which provides subprime car leases to Uber drivers, a source familiar with the program told Auto Finance News. Last Updated: 9th August, 2017, 9:41 AM

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 […]

Uber to Provide Accident Insurance in France for Free, but There’s a Catch

  • Emma Sandler
  • July 26, 2017
Uber drivers and couriers in France will automatically receive accident insurance beginning this fall, as Uber and French insurance company Axa said yesterday. But the reason for this is not out of any altruism. Instead, it’s a legal requirement of Uber to comply with France’s latest labor law. Last Updated: 26th July, 2017, 11:04 AM

Uber Adds New Tech to Self-Driving Trucks [VIDEO]

  • Emma Sandler
  • July 4, 2017
In 2016, self-driving truck startup Otto joined forces with Uber‘s self-driving unit Uber Advanced Technologies Group (ATG), and Uber has now released a video showing the upgraded trucks being driven on highways around San Francisco. The new model features an updated technology stack, including a 64 channel spinning lidar array, which is something never used previously […]
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