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Didi Chuxing and 31 Automakers Form Alliance for Ridehailing

Didi Chuxing has teamed up with 31 auto industry partners, including Volkswagen and Toyota, to create the Didi Auto Alliance, a new integrated transportation service initiative that will combine auto leasing and sales, auto finance, auto service, fleet operation and car-sharing, the company announced last week. Partners in the Alliance include Chinese carmakers such as […]

French Captive Preps Direct Lending Platform Following Successful Tests in Europe

SAN FRANCISCO — RCI Bank and Services is testing direct lending in Europe, which the captive hopes to eventually expand into additional markets, Francois Peltier, RCI’s director of open innovation, said at Auto Finance Innovation 2018. Direct lending is a “huge opportunity,” and RCI Bank and Services is taking it “very seriously,” Peltier told attendees. […]

Renault-Nissan-Mitsubishi Alliance to Explore Car-Sharing Partnership With DiDi

The auto alliance of Renault-Nissan-Mitsubishi has signed a memorandum of understanding (MOU) with DiDi Chuxing, the leading Chinese mobility transportation platform, to explore a potential partnership in the People’s Republic of China, the company announced in a press release. The Alliance and DiDi have signed the MOU to explore future business partnerships on a new […]

AI in Auto Finance Overtakes List of 2017’s Most-Read Mobility Stories

It seems 2017 officially reached the mobility tipping point, where autonomous vehicles, car subscriptions, and mobility services have continually gained momentum. Artificial intelligence got its fair share of interest from the auto finance industry, as many lenders looked to machine learning to bolster credit decisioning, among other use-cases. Meanwhile, Daimler Financial Services and RCI Bank […]

Renault-Nissan Captive Relaunches Mobility Platform Karhoo

After RCI Bank and Services purchased a majority share in the startup Karhoo in January, the bank is restarting the mobility aggregator’s operations. RCI Bank and Services is a French bank that provides automotive financing and services for the Renault-Nissan Alliance brands. As a ground-transit mobility aggregator, Karhoo will have over 150,000 vehicles available worldwide on its platform […]

RCI Bank and Services Positions Itself for Future Mobility

RCI Bank and Services grew its balance sheet to $46.6 billion, as compared to approximately $29 billion seven years ago, thanks — in part — to focusing its business model on mobility rather than just captive financing, Auto Finance News has learned. Formerly known as Renault Crédit International, RCI Bank and Services is a France-based automotive […]