Ford Motor Co. invested in startup autonomous software company Autonomic, just one month after investing $1 billion in Argo AI. But artificial intelligence and autonomous software are not the only investment interests for the automaker.
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The California-based digital car buying company AutoGravity announced today that it’s now available in 46 states across the country. There are at least four lending partners available in each state where the platform is offered, the company told Auto Finance News. “You can expect multiple captive lenders and we’ll beRead More
Cross-pollination between tech companies and auto manufacturers is no longer optional, it’s a “necessary,” Michael Macauley, chief executive of Quadrant Information Services, cautioned. “As cars become devices that we drive or don’t drive, and devices become more integrated with our transportation experience across modes,” the two industries need to learnRead More
In August, Ford Motor Co. announced plans to produce fully autonomous cars by 2021. These vehicles will be manufactured in high-volume production and will be tailored for ride-hailing and ride-sharing operations, which means they will not have steering wheels, brake pedals, or other controls for human occupants.
Ford Motor Credit Co. promoted Chief Operating Officer Joy Falotico to group vice president, chairman, and chief executive, the company announced yesterday. She will replace Bernard Silverstone, who has elected to retire — effective Oct. 1 — after 37 years with the company. Falotico joined the captive in 1989, andRead More
The outlook for the auto and asset finance industry looks cautiously positive, with innovation the key to unlocking new potential. At White Clarke Group, we have been tracking the fortunes of the global asset and auto finance market in our regular surveys for four years now, and as our latestRead More