Innovation & Technology
Tekion valued at $3.5 billion as Durable, Alkeon, Hyundai invest
Tekion, a cloud-based automotive software provider, has more than tripled its valuation to $3.5 billion after raising $250 million from...
New technologies monitor EV battery life to better measure residual values
Electric vehicle (EV) manufacturers and auto lenders can more accurately determine an EV’s value by understanding the health of its...
Ford Motor eyes ‘closed-loop’ recycling process for EV batteries
Ford Motor Co. has its sights set on a “closed-loop” recycling process for its electric vehicle (EV) batteries as the...
Global Lending Services to start digitizing loan servicing in 2022
Global Lending Services is planning to digitize its loan servicing operations in the first half of 2022. GLS will use...
Capital One powers pre-qualification tool on TrueCar marketplace
Capital One is powering a credit preapproval program on TrueCar's online marketplace, allowing potential borrowers to pre-qualify for a loan...
Lucid jumps as debut nears for $169,000, long-range electric car
Lucid Group Inc. surged after the carmaker said it has started production of its debut electric sedan, with deliveries to...
Ford, SK invest $11.4 billion in electric truck, battery plants
Ford Motor Co. and South Korea’s SK Innovation Co. plan to spend $11.4 billion to construct three battery factories and...
Weekly Wrap: Credit union trends and the risk of complex tech stacks
Last week, the Auto Finance News team examined credit union trends in auto finance and attended the 2021 FinovateFall, the...
