Post Tagged with: "General Motors"

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 0 comments

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

Early Evidence of a Down June

Early Evidence of a Down June

June 27, 2017 at 9:30 am 0 comments

Reports are coming in today that suggest June will be a down month for car sales in the United States. According to estimates, the SAAR for the month could be 2.3% to 3.6% lower. Here’s an excerpt from the LMC Automotive/J.D. Power forecast via Seeking Alpha: The LMC Automotive/J.D. PowerRead More

Maven Aims to Ease Delivery Drivers Into Leasing With Weekly Rental Program

Maven Aims to Ease Delivery Drivers Into Leasing With Weekly Rental Program

May 11, 2017 at 9:40 am 1 comment

General Motors Co.’s mobility services platform Maven launched a rental product for rideshare and delivery drivers called Maven Gig yesterday, in hopes it will serve as a gateway for consumers to lease vehicles from General Motors Financial Co., Rachel Bhattacharya, GM’s director of commercial mobility and AV fleet operations, told Auto Finance News.Read More

Credit Card Companies Boost Interest in Mobility Finance

Credit Card Companies Boost Interest in Mobility Finance

May 5, 2017 at 9:31 am 1 comment

Mastercard is expanding its relationship with General Motors Co., to allow for online payments for multiple services — including Maven carsharing — evidencing that credit card companies are beginning to understand that mobility finance is the next frontier for revenue. And those companies that do not collaborate with mobility services will be behind the times, Grayson Brulte, president ofRead More

Maven Launches New Rental Service to Accelerate Gig Economy

Maven Launches New Rental Service to Accelerate Gig Economy

May 3, 2017 at 8:57 am 1 comment

Maven — General Motors Co.’s mobility services platform — launched a new service today, to offer rideshare and delivery drivers an alternative to leasing. Through the new program, called Maven Gig, drivers can rent the vehicles for $229 per week. The fee includes insurance (minus deductibles), maintenance, and unlimited miles, according to a company pressRead More

Wireless EV Charging Offers Investment Options for Financiers

Wireless EV Charging Offers Investment Options for Financiers

April 13, 2017 at 9:45 am 0 comments

There is a massive rush to advance mobility, beyond just traditional rideshare, and the financing beneath the mobility infrastructure has caught the attention of many major automakers and captives. From Toyota Financial Services’s partnerships with Uber and Getaround, to General Motors Co.’s Book by Cadillac and Maven carshare programs, OEMsRead More

GM Launches Monthly Service as Carshare Gains Popularity

GM Launches Monthly Service as Carshare Gains Popularity

April 7, 2017 at 9:45 am 0 comments

Carsharing, while still in its infancy, could become as common as leasing, said Bob Tiderington, senior manager for vehicle sharing at Maven, General Motors Co.’s mobility brand. To that end, Maven expanded its offerings on March 3 to include a new monthly service, called Maven Reserve. Through the program, members pay aRead More

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