Post Tagged with: "Daimler AG"

EY’s New Blockchain System to Allow Shared-Ownership of Vehicles

EY’s New Blockchain System to Allow Shared-Ownership of Vehicles

September 11, 2017 at 10:00 am 1 comment

Accounting and consulting firm EY, part of Ernst & Young Global Ltd., is launching a blockchain-based system that will allow both companies and groups of individuals to more easily share ownership of vehicles and access to cars and trucks. At its heart, blockchain is a distributed decentralized database technology that maintainsRead More

Auto Lenders Provide Relief Amid Hurricane Harvey Devastation

Auto Lenders Provide Relief Amid Hurricane Harvey Devastation

September 6, 2017 at 11:00 am 2 comments

The full economic impact of Hurricane Harvey on the auto industry has yet to be determined, but in the short term it’s clear that many consumers are going to need financial assistance and a number of lenders have stepped up to provide donations and consumer relief. Cox Automotive estimates betweenRead More

Mercedes-Benz Rent 

Mercedes-Benz Rent

Daimler Financial Targets Boost in Mobility Presence With New Execs

September 5, 2017 at 11:00 am 2 comments

Daimler Financial Services — which operates Daimler AG’s mobility services — is expanding its mobility ambitions with a joint venture investment and two new executive positions. Daimler Mobility Services and Mercedes-Benz Vans are forming a joint venture with New York City-based startup Via, along with a $50 million dollar investmentRead More

Via Daimler Financial Services

Daimler AG Strategizes Splitting Up Mercedes Divisions

September 1, 2017 at 12:52 pm 2 comments

Daimler AG is working on a corporate holding structure that could see Mercedes-Benz Financial Services broken out into a separate entity before the company’s annual general meeting on April 5, 2019, according to a new interview with chief executive Dieter Zetsche and chief financial officer Bodo Uebber. In the interviewRead More

Daimler Performs Test of Blockchain in $114MM Transaction

Daimler Performs Test of Blockchain in $114MM Transaction

June 30, 2017 at 12:03 pm 1 comment

Daimler AG issued a €100 million ($114.2 million) promissory note using blockchain technology, which the Mercedes-Benz manufacturer says is a first step to testing faster and more secure financial transactions across the company.     Normally, a transaction like this would take roughly 10 weeks for a bank to workRead More

Uber Restarts Autonomous Car Tests After Arizona Crash

Uber Restarts Autonomous Car Tests After Arizona Crash

March 28, 2017 at 8:55 am 0 comments

Uber put its self-driving cars back on the road yesterday, just three days after one of its cars was involved in a crash in Tempe, Ariz. But despite the short setback in autonomous testing, the crash will not affect Uber’s self-driving partnership with Daimler AG. In January, Daimler struck an agreement withRead More

New Partnership Formed to Study Blockchain in Financial Services

New Partnership Formed to Study Blockchain in Financial Services

February 28, 2017 at 10:46 am 0 comments

LAS VEGAS — The Structured Finance Industry Group (SFIG) and the Chamber of Digital Commerce yesterday announced a joint effort to study the potentials of distributed ledger technology, which will commence with a series of blockchain symposiums at this year’s SFIG 2017 conference. In addition to the educational workshops being heldRead More

Daimler Explores Use of Blockchain in Financial Services

Daimler Explores Use of Blockchain in Financial Services

February 27, 2017 at 10:00 am 2 comments

Daimler AG joined the open-sourced Hyperledger Project last week, a collaborative cross-industry effort created to advance blockchain, in an effort to learn more about the technology. Although, the OEM does not have specific plans to implement blockchain in its operations, the company felt that it was the right time toRead More

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