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...
Auto dealerships have purportedly been around for well over a century, and have become an integral part of the car shopping experience. But with the advent of autonomous vehicles — and current OEMs like Tesla doing away with dealerships in favor of showrooms — the traditional dealership and its financing arm will have to pivot into new […]
It’s clear that insurance companies will undergo a significant change once autonomous vehicles hit the road; but how exactly those firms will adapt is still unclear. However, that doesn’t mean that insurance companies aren’t involved in the discussions over insuring the autonomous vehicles currently being tested on the roads, according to panelists at a Reuters Newsmakers event Tuesday, […]
Auto financing is here to stay when autonomous vehicles arrive on the road, but private ownership may be mixed in with fleet operators like rideshares or OEMs, according to panelists at a Reuters Newsmakers event yesterday, titled Self-driving cars: the Future of Autonomous Vehicles. The experts were asked by Mobility Finance what the model of ownership will […]
Without a CEO, COO, CTO, and CFO, Uber may finally consider itself a “self-driving” car company. Travis Kalanick, the chief executive of Uber since he co-founded the company in 2009, resigned on Tuesday, following a shareholder revolt. The company, which has been embattled in several scandals since Dec. 2016 — including a lawsuit from Waymo, a series […]
Peer-to-peer carshare platform Getaround looks to extend its pilot program with Toyota Financial Services to additional cities by 2018, Chief Financial Officer Adam Kosmicki told Auto Finance News at Auto Finance Innovation 2017. Toyota and Getaround partnered in January to pilot a new mobility services platform in San Francisco that aims to help consumers rent out […]