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...
Daimler Mobility Services — which is under the operation of Daimler Financial Services — acquired a majority stake in Chauffeur Privé, a private-hire vehicle service in France, yesterday. Daimler Mobility Services now controls more than 50%, with the intention to fully acquire Chauffeur Privé by 2019, the company said in an announcement. Financial details were […]
General Motors Financial Co. has joined as a general member of Hyperledger — an open-source collaborative effort from the Linux Foundation created to advance cross-industry blockchain technologies. Blockchain is the same technology used by cryptocurrencies such as bitcoin, and provides secure online data transfers by allowing sensitive financial data to be transmitted electronically without an […]
Millennials are showing the most interest in purchasing an electric or autonomous vehicle over other age groups, according to a recent study conducted by Chase Auto Finance. Chase found that 43% of millennials are likely to purchase an electric vehicle, as compared to 37% of consumers ages 35 to 44; 20% of consumers ages 45 […]
Following Waymo’s announcement in November that it would launch a commercial ride-hailing service in 2018, Waymo has partnered with a startup to provide the proper insurance. Waymo currently operates a beta ride-hailing service to the public in Phoenix, Ariz., and will be work with Danville, Calif.-based Trov to provide on-demand trip insurance customized for passengers of Waymo’s soon-to-be-launched […]
Didi Chuxing, China’s ridesharing behemoth, plans to expand into other mobility services including car-sharing, Cheng Wei, the founder and chief executive, said at China’s annual World Internet Conference in Wuzhen last week. The Beijing-based company intends to enter the car-share market with an initial investment of at least $151 million, Wei said, adding that users will be able to […]