Post Tagged with: "General Motors"

Nauto, an AI autonomous vehicle startup has received funding from SoftBank Group Corp., BMW iVentures, General Motors Ventures, Toyota AI Ventures, Maniv Mobility and more.

10 VC Firms Investing in the Mobility of the Future

October 2, 2017 at 12:00 pm 0 comments

Behind every startup funding round there’s an eager venture capital firm waiting for its investment to mature. By some accounts, the mobility industry will be worth $3 trillion dollars across the various connected, shared, autonomous vehicle space as it continues to evolve and grow. With that in mind, Auto FinanceRead More

The next-generation Ford Fusion Hybrid autonomous development vehicle on display at the 2017 North American International Auto Show. (Via Ford Smart Mobility)

OEMs Blur Lines of Self-Driving Rideshare Ownership

September 27, 2017 at 10:45 am 0 comments

Ford Motor Co. and Lyft — which is partially owned by General Motors Co. — have formed a new partnership to work together on self-driving vehicles the companies announced today, further blurring the lines of autonomous vehicle ownership between OEMs. The partnership involves a deployment of human-driven vehicles from Ford onRead More

GM Stands by Service Contract Penalties to Ensure Quality Dealers

GM Stands by Service Contract Penalties to Ensure Quality Dealers

September 26, 2017 at 10:00 am 0 comments

Although General Motors Co.’s network of dealers expressed concern over the penalties in the manufacturer’s new service contract disclosure forms last week at the 2017 Industry Summit, GM feels they are ultimately necessary. Failing to disclose to consumers that they are being sold a service contract that wasn’t approved byRead More

Dealers Push Back on GM Service Contract Disclosure Forms

Dealers Push Back on GM Service Contract Disclosure Forms

September 19, 2017 at 11:00 am 1 comment

DALLAS — Dealers are reeling from General Motors Co.’s new disclosure requirement for vendor service contracts, according to panelists at the 2017 Industry Summit last week. In early August, GM sent a letter to its franchise dealers requiring F&I offices to disclose to consumers when they are being sold aRead More

GM Financial displays its logo at its NADA Convention & Expo booth. (Photo by William Hoffman)

GM Financial Grows Dealer Base 17% in Latest ABS

August 25, 2017 at 11:30 am 1 comment

The size of General Motors Financial Co.‘s dealer base continues to expand, but its 18% dealer penetration rate remains lower than GMF’s peers, according to a presale report by Moody’s Investor Service. “This can indicate lower dealer quality of the portfolio relative to other issuers,” Moody’s said in the report.Read More

Maven Might Expand Dealership Pilot Program

Maven Might Expand Dealership Pilot Program

August 22, 2017 at 10:15 am 0 comments

Maven, the mobility unit owned and operated by General Motors Co., may be looking into expanding its dealership pilot program, in addition to recent reports that it is considering a rideshare service. Maven — initially launched as an app-based short-term rental service for General Motors Co. in 2016 — began a pilotRead More

GM’s Maven Could Position Itself to Become Full-Fledged Rideshare

GM’s Maven Could Position Itself to Become Full-Fledged Rideshare

August 17, 2017 at 10:00 am 1 comment

Maven, the mobility unit owned and operated by General Motors Co., is reportedly considering building out the platform to include on-demand ridesharing in the style of Uber or Lyft. With the possibility of adding an on-demand rideshare element to Maven, the platform would consist of a full spectrum of mobility optionsRead More

GM’s Cruise Debuts Autonomous Ride-Hailing [VIDEO]

GM’s Cruise Debuts Autonomous Ride-Hailing [VIDEO]

August 11, 2017 at 8:45 am 0 comments

Cruise, the self-driving startup owned by General Motors Co., just launched an autonomous ride-hailing startup for its employees in San Francisco. In a new video, Cruise employees are seen ordering a ride from an app whereupon a driverless car pulls out of a garage to pick up the passengers. TheRead More

GM Financial's booth from NADA Convention & Expo 2017. (Photo by William Hoffman)

GM Financial Preps for Lease Slowdown Amid Declining Values

July 28, 2017 at 9:50 am 1 comment

General Motors Financial Co.’s lease penetration is on a “downward trajectory” as depreciating used-vehicle prices pressure residual values, the company said during its second-quarter earnings call. “We’re probably at the top end of where we want to be from a leasing perspective,” Charles Stevens, executive vice president and chief financialRead More

5 OEMs Offer Low-Rate Incentives for Independence Day

5 OEMs Offer Low-Rate Incentives for Independence Day

July 3, 2017 at 12:37 pm 1 comment

With the Fourth of July around the corner, many captives are ramping up finance incentives — including low-rate APR and other special offers — to bolster sales.   Auto Finance News took a look at the current offers in the market. Here are five financing promotions heating up the market:Read More

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