Navigating the uncharted territory of pandemic repercussions has been tricky for auto financiers, OEMs, dealers and industry analysts. While supply...

Upstart expands automated lending, upgrades AI-based platform

by Loraine Lawson

May 13, 2022

Loan automation platform Upstart is working on “fundamental upgrades” to the underlying infrastructure of its artificial intelligence-based models to improve...

Stellantis CEO says supply issues risk derailing electric shift

by Bloomberg News

May 10, 2022

Stellantis NV said its target to sell only electric vehicles in Europe by the end of this decade depends on...

Independent dealers sour on slipping inventories

More than 50% of financing applications at Byrider start online

by Joey Pizzolato

May 6, 2022

Byrider customers are increasingly starting the auto financing process online as the automotive retailer and financier continues its migration to...

Signage at a Tesla Inc. showroom and service center in Sydney, Australia, on Monday, April 12, 2021. Tesla and the electric-car industry generally thrive in the worlds richest nations. Not so in Australia, where even tractors outsell EVs two to one.

Tesla confirms Vale nickel deal, lifts veil on US race data

by Bloomberg News

May 6, 2022

Tesla Inc. confirmed a deal to buy nickel from mining giant Vale SA among other metal-supply contracts in an annual...

AutoNation to purchase its forthcoming captive

BMW, Mercedes-Benz turn final page on car-sharing service

by Joey Pizzolato

May 4, 2022

Stellantis is set to acquire BMW AG and Mercedes-Benz Group’s mobility subsidiary Share Now in what is shaping up to...

Chase, Wells Fargo focus on automating auto lending, from couch to funding

by Loraine Lawson

April 28, 2022

SAN DIEGO — Wells Fargo Auto plans to automate loan decisioning through to funding, while Chase Auto will focus on...

Exeter Finance to migrate to Microsoft Azure by yearend

by Joey Pizzolato

April 28, 2022

SAN DIEGO — Subprime lender Exeter Finance is looking to complete its migration to the Microsoft Azure cloud by the...

EV Life wins 2022 DEMOvation Challenge

by Whitney McDonald

April 27, 2022

SAN DIEGO — Fintech EV Life came out on top Tuesday to win “Best in Show” in the 2022 DEMOvation...

Mazda Financial to lean into apps, data modeling of consumers

by Joey Pizzolato

April 26, 2022

SAN DIEGO — Mazda Financial Services (MFS) plans to focus on phone applications and data modeling of its consumers during...

GM Financial launches phone option for virtual assistant Nanci

by Amanda Harris

April 26, 2022

SAN DIEGO – GM Financial has added phone to the capabilities of its virtual assistant, Nanci, said Michael Beste, senior...

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