Post Tagged with: "Uber"

Rideshares Pose Growing Concerns for Dealership Service Contracts

Rideshares Pose Growing Concerns for Dealership Service Contracts

September 21, 2017 at 12:00 pm 0 comments

When ridesharing emerged in the transportation market it did more than just disrupt the taxi industry. It has also thrown dealerships for a loop when it comes to service contracts. Auto service contracts are sold by vehicle manufacturers, auto dealers, and independent providers and are designed to protect consumers against unexpected, costly repairs toRead More

Scott France

Loan Portfolio Servicing Expands With 2 Rideshares and 7,000 Leases

September 14, 2017 at 10:00 am 0 comments

Loan Portfolio Servicing (LPS), a servicing and management company of auto loans and leases, added 7,000 rideshare leases belonging to two different rideshare leasing companies to its portfolio yesterday. The Forth Worth, Texas-based company is operated under Innovate Auto Finance and provides clients with title and records management, account administration,Read More

Ola’s Leasing Division Secures $156M for Fleet Expansion

Ola’s Leasing Division Secures $156M for Fleet Expansion

September 12, 2017 at 11:00 am 0 comments

Ola Fleet Technologies Pvt. Ltd., the cab-leasing arm of taxi aggregator Ola, has received a loan for $156.3 million from Yes Bank to finance the purchase of commercial vehicles. As a part of the agreement, the vehicles purchased by Ola will remain as collateral, according to the company’s July filingsRead More

Portrait Of A Successful Businesswoman In A Taxi

New Uber CEO Faces Task of What to Do With Leasing Unit

August 28, 2017 at 11:00 am 0 comments

Uber has chosen Dara Khosrowshahi to serve as its chief executive, according to numerous sources, capping off many months of scandals and struggles within the rideshare company. Uber is expected to make a formal announcement by today. The decision occurred Sunday afternoon, according to multiple reports, with Khosrowshahi among Meg Whitman, chiefRead More

Buyers Unlikely to Bite on Uber Subprime Leasing Unit

Buyers Unlikely to Bite on Uber Subprime Leasing Unit

August 17, 2017 at 10:00 am 0 comments

Uber Technologies Inc.’s plan to consolidate or sell its subprime leasing arm, Xchange Leasing, would be a “smart move,” Grayson Brulte, a consultant and president of Brulte & Co., told Auto Finance News. However, Brulte thinks it unlikely another company would acquire the unit, because subprime is a business “aboutRead More

Uber Weighs Options for Xchange Leasing, Including Sell-Off

Uber Weighs Options for Xchange Leasing, Including Sell-Off

August 8, 2017 at 6:04 pm 4 comments

Uber Technologies Inc. is considering selling or consolidating its leasing program — Xchange Leasing — which provides subprime car leases to Uber drivers, a source familiar with the program told Auto Finance News. The program, which debuted in July 2015 as a way to help provide vehicles to potential drivers, wasRead More

Uber to Provide Accident Insurance in France for Free, but There’s a Catch

Uber to Provide Accident Insurance in France for Free, but There’s a Catch

July 26, 2017 at 9:20 am 0 comments

Uber drivers and couriers in France will automatically receive accident insurance beginning this fall, as Uber and French insurance company Axa said yesterday. But the reason for this is not out of any altruism. Instead, it’s a legal requirement of Uber to comply with France’s latest labor law. Back in May, theRead 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

5 Mobility Platforms Advancing the Gig Economy

5 Mobility Platforms Advancing the Gig Economy

May 9, 2017 at 9:40 am 0 comments

When Uber began in 2009, the company assumed the position of leading the first wave of mobility services into the gig economy, and in many ways has come to define it. But as the gig economy has evolved, it has expanded into a nebulous entity that has outgrown a simple example.Read More

Rideshare Startup Seek Fleet Financing

Rideshare Startup Seek Fleet Financing

April 26, 2017 at 9:40 am 0 comments

As more rideshare services launch, the market for strategic partnerships becomes increasingly competitive. And the biggest challenge to success in the carshare, rideshare, or on-demand rental market is having fleet financing and insurance partnerships in place, Julian Espiritu, managing director of consultancy firm Abrams Carsharing Advisors, told Auto Finance News. For entrepreneurs,Read More

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