Subvention in Jeopardy as Carshare Signals ‘Subscription’ Financing

  • Natalie Mattila
  • April 19, 2017
Financial incentives have been one of the most powerful tools for manufacturers to boost sales and finance volume for years, and in the past, OEMs have relied heavily on their captive finance arms to help make these promotions happen. That might end soon. “You will see OEMs that will say, ‘Hey, if you stay with […]

Carmaker Lynk & Co. to Offer On-Demand Subscription Model

  • Emma Sandler
  • April 18, 2017
In preparation for the Shanghai Motor Show this week, carmaker Lynk & Co. previewed its 03 Concept car, through which it plans to offer a pay-as-you-go subscription model. The company also declared its ambition to immediately enter the carsharing market. As a new car brand, Lynk & Co. is poised to show itself as the part of […]

Uber, Getaround Offer Carless Drivers With Alternative to Leasing

  • Natalie Mattila
  • April 17, 2017
As the auto industry shifts further away from traditional car ownership to a shared economy, there is a new incentive for carless Uber drivers, which allows drivers to rent out cars by the hour from Getaround’s platform. The cars are not made available through Getaround’s peer-to-peer carshare service, but are yet another offering through Uber’s […]

Uber Aims to Add 600 EVs to Portland Roads Through Xchange Leasing

  • Emma Sandler
  • April 14, 2017
Uber is bringing its electric vehicle program to the U.S., starting in Portland, Ore. And it appears the rideshare company’s finance subsidiary Xchange Leasing will play a large part in Uber’s goal to add 600 EVs to the road by 2019. The environmental initiative aims to increase the percentage of EVs by Uber drivers from 1.6% to 10%; […]

3 Insurance Agencies Changing How We Think of Mobility

  • Emma Sandler
  • April 13, 2017
It is a truth universally acknowledged that the traditional auto insurance industry is going through an upheaval. Many companies, from startups like Slice Labs, to brand names like Geico or Farmers Insurance, now offer insurance to rideshare drivers to fill the gap between personal and commercial auto insurance. But there is more disruption happening within the […]
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