Strategy | Auto Finance News

Uber’s Self-Driving Arm Gets $1 Billion Investment Ahead of IPO

Uber Technologies Inc. secured a $1 billion investment from three Japanese companies, ahead of an initial public offering expected next month. Denso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, according to a statement. The deal will help Uber, which tallied […]

JPMorgan Moves Piepszak Into Realm of Dimon’s Possible Heirs

Whenever Wall Street muses on who may someday replace Jamie Dimon atop JPMorgan Chase & Co., Marianne Lake’s name arises. For six years, she’s guided analysts and investors through the firm’s business as its chief financial officer. Now, Jennifer Piepszak is taking that stage, becoming CFO and joining a cadre of senior JPMorgan executives viewed […]

Bezos May Come After the Auto Industry, Volvo CEO Warns Dealers

Volvo Car isn’t letting up on pushing for sweeping changes to how new vehicles are sold -- whether auto dealers like it or not. At a conference affiliated with this week’s New York International Auto Show, Anders Gustafsson, chief executive officer of Volvo Car’s U.S. unit, stood up for the vehicle subscription service the company […]

CPS CFO Jeffrey Fritz Joins Speaker Faculty at Auto Finance Risk Summit

Consumer Portfolio Services Executive Vice President and Chief Financial Officer Jeffrey Fritz will kick off the Auto Finance Risk Summit with a presentation on economic scenarios and the financial market’s future. The session will take place at 1:30 p.m. on Wednesday, May 15, at the Omni Hotel in San Diego. The presentation will explore how […]

Digital Customer Experience Takes Center Stage at Auto Finance Sales & Marketing Summit

Distinguished executives from USAA Bank and CarFinance.com are set to discuss best practices for optimizing the digital lending experience at the Auto Finance Sales & Marketing Summit during a session entitled “Delivering the Digital Customer Experience.” The discussion will take place Monday, May 13, at 4:00 p.m. PT at the Omni San Diego. The panel […]

Uber Makes IPO Case That It’s About the Platform, Not the Losses

Uber Technologies Inc., the current era’s archetypal startup, moved toward becoming a public company Thursday, revealing that it racked up a $3 billion operating loss last year and hoping potential investors will look beyond that. Less than two years after being tapped to take Uber to its initial public offering destination, Chief Executive Officer Dara […]
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