Chase Mulls Fleet Financing Options for an Autonomous Future

  • Natalie Mattila
  • May 19, 2017
SAN DIEGO — While Chase Auto Finance is not in the fleet financing business, that could be the bank’s first point of entry, as autonomous cars come to market, Peter Gasparro, head of strategy and business development, said at Auto Finance Innovation 2017 yesterday. “Autonomous, ridesharing, or some of these emerging opportunities — right now […]

Getaround Aims to Develop On-Demand Maintenance Services

  • Natalie Mattila
  • May 18, 2017
SAN DIEGO — Getaround is preparing for an autonomous future by developing technology to enable its platform to provide on-demand maintenance services, Chief Financial Offer Adam Kosmicki said at Auto Finance Innovation 2017 yesterday. Getaround is the sharing access point for a vehicle, Kosmicki said. “We have built a technology platform where, in a lot of […]

BMW Carshare Expands to More Cities Using a Franchise Model

  • Emma Sandler
  • May 17, 2017
DriveNow, the carsharing joint venture from BMW Group and car rental firm Sixt, sealed a franchise deal with OP Financial–one of Finland’s largest financial institutions–expanding the carshare service to Helsinki. OP, which consists of 180 cooperative banks, will rollout the service on May 24. DriveNow, formed in 2011, works via a mobile application that informs users […]

Maven Brings Carsharing to NYC, Deploys 80 Off-Lease GM Vehicles

  • Natalie Mattila
  • May 16, 2017
Maven deployed more than 80 vehicles into the expanded carsharing service in Manhattan yesterday, all of which are off-lease vehicles from General Motors Financial, Mobility Finance has learned. The expanded operations in New York City provide consumers with on-demand hourly or daily carshare reservation options. To date, Maven — General Motors Co.’s mobility services platform — has launched in 17 […]

Autonomous EV Carshare to Reduce Finance Costs by 90%, Study Shows

  • Natalie Mattila
  • May 12, 2017
Within 10 years, about 95% of miles in the U.S. will be driven by on-demand autonomous electric vehicles, owned and operated by companies providing transportation-as-a-service (TaaS), according to a new study released last week. And these TaaS vehicles will significantly reduce operating costs, including a 90% decrease in finance costs. “Finance costs are related to […]
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