GM Financial Explores Options for Push Notifications Through OnStar

LAS VEGAS — General Motors Financial Co. is “in a discussion phase” to explore ways to utilize OnStar navigation and security systems to push notifications about payment information to borrowers, President and Chief Executive Dan Berce said. OnStar is a subsidiary of General Motors Co. and services 11 million customers globally. “With vehicles increasingly becoming […]
  • William Hoffman
  • November 14, 2017

10 VC Firms Investing in the Mobility of the Future

Behind every startup funding round there’s an eager venture capital firm waiting for its investment to mature. By some accounts, the mobility industry will be worth $3 trillion dollars across the various connected, shared, autonomous vehicle space as it continues to evolve and grow. With that in mind, Auto Finance News rounded up the top […]
  • Emma Sandler
  • October 2, 2017

OEMs Blur Lines of Self-Driving Rideshare Ownership

Ford Motor Co. and Lyft — which is partially owned by General Motors Co. — have formed a new partnership to work together on self-driving vehicles the companies announced today, further blurring the lines of autonomous vehicle ownership between OEMs. The partnership involves a deployment of human-driven vehicles from Ford on Lyft’s network for testing, followed […]
  • Emma Sandler
  • September 27, 2017

GM Stands by Service Contract Penalties to Ensure Quality Dealers

Although General Motors Co.’s network of dealers expressed concern over the penalties in the manufacturer’s new service contract disclosure forms last week at the 2017 Industry Summit, GM feels they are ultimately necessary. Failing to disclose to consumers that they are being sold a service contract that wasn’t approved by GM will soon subject dealers […]
  • Emma Sandler
  • September 26, 2017

Dealers Push Back on GM Service Contract Disclosure Forms

DALLAS — Dealers are reeling from General Motors Co.’s new disclosure requirement for vendor service contracts, according to panelists at the 2017 Industry Summit last week. In early August, GM sent a letter to its franchise dealers requiring F&I offices to disclose to consumers when they are being sold a service contract that is not […]
  • Emma Sandler
  • September 19, 2017

GM Financial Grows Dealer Base 17% in Latest ABS

The size of General Motors Financial Co.‘s dealer base continues to expand, but its 18% dealer penetration rate remains lower than GMF’s peers, according to a presale report by Moody’s Investor Service. “This can indicate lower dealer quality of the portfolio relative to other issuers,” Moody’s said in the report. “However, as the number of […]
  • Huixin Deng
  • August 25, 2017

Maven Might Expand Dealership Pilot Program

Maven, the mobility unit owned and operated by General Motors Co., may be looking into expanding its dealership pilot program, in addition to recent reports that it is considering a rideshare service. Maven — initially launched as an app-based short-term rental service for General Motors Co. in 2016 — began a pilot program last year with Michigan-based […]
  • Emma Sandler
  • August 22, 2017

GM’s Maven Could Position Itself to Become Full-Fledged Rideshare

Maven, the mobility unit owned and operated by General Motors Co., is reportedly considering building out the platform to include on-demand ridesharing in the style of Uber or Lyft. With the possibility of adding an on-demand rideshare element to Maven, the platform would consist of a full spectrum of mobility options including hourly and weekly rentals, […]
  • Emma Sandler
  • August 17, 2017

GM’s Cruise Debuts Autonomous Ride-Hailing [VIDEO]

Cruise, the self-driving startup owned by General Motors Co., just launched an autonomous ride-hailing startup for its employees in San Francisco. In a new video, Cruise employees are seen ordering a ride from an app whereupon a driverless car pulls out of a garage to pick up the passengers. The cars are modified Chevrolet Bolt […]
  • Emma Sandler
  • August 11, 2017

GM Financial Preps for Lease Slowdown Amid Declining Values

General Motors Financial Co.’s lease penetration is on a “downward trajectory” as depreciating used-vehicle prices pressure residual values, the company said during its second-quarter earnings call. “We’re probably at the top end of where we want to be from a leasing perspective,” Charles Stevens, executive vice president and chief financial officer for General Motors Co., […]
  • William Hoffman
  • July 28, 2017
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