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 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

Early Evidence of a Down June

Reports are coming in today that suggest June will be a down month for car sales in the United States. According to estimates, the SAAR for the month could be 2.3% to 3.6% lower. Here’s an excerpt from the LMC Automotive/J.D. Power forecast via Seeking Alpha: The LMC Automotive/J.D. Power forecast is for a 2.3% […]
  • JJ Hornblass
  • June 27, 2017

Wireless EV Charging Offers Investment Options for Financiers

There is a massive rush to advance mobility, beyond just traditional rideshare, and the financing beneath the mobility infrastructure has caught the attention of many major automakers and captives. From Toyota Financial Services’s partnerships with Uber and Getaround, to General Motors Co.’s Book by Cadillac and Maven carshare programs, OEMs are making sure they remain […]
  • Natalie Mattila
  • April 13, 2017

GM Launches Monthly Service as Carshare Gains Popularity

Carsharing, while still in its infancy, could become as common as leasing, said Bob Tiderington, senior manager for vehicle sharing at Maven, General Motors Co.’s mobility brand. To that end, Maven expanded its offerings on March 3 to include a new monthly service, called Maven Reserve. Through the program, members pay a monthly fee to reserve a […]
  • Natalie Mattila
  • April 7, 2017

Maven to Be ‘Building Block’ for GM Autonomous Carshare

The launch of a monthly subscription carshare service earlier this month at General Motors Co.’s Maven unit is just one “building block” of a GM self-driving car network, Auto Finance News has learned.General Motors launched its carsharing service, Maven, last year, which allows customers to rent a GM vehicle using a mobile phone in exchange for a membership fee and […]
  • Natalie Mattila
  • March 30, 2017

Lyft Wants to Be Your Gateway to Autonomous Cars, Mobility Buzz Learns

While OEMs and tech giants race to build out the autonomous cars of the future, Lyft is busy taking on the consumer end of the equation. The rideshare company is aiming to become the go-to interface for consumers accessing autonomous vehicle fleets, Annabel Chang, director of public policy at Lyft, told Auto Finance News in an exclusive interview at Autonomous […]
  • Diana Asatryan
  • March 2, 2017

GM to Funnel Off-Lease Volume Into Rideshare Program

General Motors Co. will use record-high lease returns as extra supply for its rideshare leasing partnership with Lyft — called Express Drive — said Peter Kosak, executive director of urban mobility programs at GM. “Where we’re growing our lease business, [mobility] is a growing opportunity for us because we have vehicles coming back off lease […]
  • William Hoffman
  • January 24, 2017

CapOne to Provide Floorplan Revolvers in Tennessee

Capital One announced today that it will provide floorplan revolvers totaling $14 million to two Honda dealerships located in Tennessee, both owned by the Hudson Automotive Group. The lender also provided a $2.6 million term loan to Hudson Automotive Group’s holding company, Hudson ET Holdings, according to a CapOne press release. The transaction with Hudson is the […]
  • Brad Bergan
  • August 9, 2016

Mercedes-Benz R&D Scoops Up Rideshare FlightCar

FlightCar, a rideshare startup that allowed people parking at the airport to rent their vehicles to approved traveling members, abruptly shut down services on Thursday, after its technology platform was acquired by Mercedes-Benz Research & Development North America. “Our technology will now be a part of the Business Innovation division at MBRDNA, the innovation lab […]
  • Larissa Padden
  • July 20, 2016