Daimler Financial Services grew its portfolio 6% year over year to $174.6 billion USD (139.9 billion Euro) in 2017, amid the company’s strong push into mobility services, according to the company’s fo...
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 […]
Flexdrive plans to expand geographically this year into the West Coast, with a long-term goal of becoming an all-inclusive transit subscription service, Auto Finance News has learned. Last Updated: 14th August, 2017, 11:15 AM
PrazoNow, a new Los Angeles-based car subscription service, is in discussion with several OEMs to gain access to inventory before the vehicles hit a dealership, Auto Finance News has learned. Last Updated: 10th August, 2017, 11:19 AM
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