Innovation & Technology
Toyota spending $13.7 billion to secure EV battery supplies
Toyota Motor Corp. plans to spend 1.5 trillion yen ($13.7 billion) on the supply and development of batteries for hybrid...
Wells Fargo Auto partners with fintech AutoFi to offer end-to-end digital financing
Wells Fargo Auto has partnered with fintech AutoFi to expand its digital capabilities and better serve consumers online. AutoFi’s platform...
Honda scraps go-it-alone strategy for safer shift toward EVs
Honda Motor Co. long eschewed big strategic alliances, preferring to go it alone even as many of its carmaking peers banded together...
Inside Capital One’s national Auto Navigator commercial
Capital One Auto Finance is pushing its digital Auto Navigator tool to the masses with a national commercial featuring Eugene...
Banks prioritize e-contracts over paper contracts
Banks have been prioritizing e-contracts over paper contracts as the auto finance industry moves toward a more digitally focused infrastructure....
With White Clarke Group acquisition, IDS doubles down on digital lending
The acquisition of the U.K.-based White Clarke Group software company by IDS is further evidence of the auto finance industry’s...
CDK Global acquires digital auto sales platform Roadster
Automotive technology company CDK Global this week acquired Roadster, a digital sales platform on which consumers purchase vehicles from dealers....
Ford boosts electric-vehicle spending to $30B by 2025
Ford Motor Co. shares reached a five-year high after the automaker said it’s boosting spending on electric vehicles by at...
Toyota Financial Services to replace legacy system with Mazda’s Cloud-based platform
Toyota Financial Services is expanding the use of its proprietary Mazda Financial Services digital mobility platform companywide amid a heightened...
Ford to open battery research lab in electric vehicle push
Ford Motor Co. is building a $185 million battery research lab as part of a push to build its own...
Driving customer experience: Five ways technology plays a key role in auto finance
Innovation has always been driven by the consumer as businesses aim to meet customer expectations and craft the best experience...
Battery startup comes out of stealth to seize on investor frenzy
As automakers ramp up plans to electrify their fleets, battery startups are getting an investment boost. Massachusetts-based Factorial Energy has...
