4 Auto Initiatives to Watch in 2019

While slowing car sales, an unpredictable tariff war, and a growing affordability issue could all make for a tough 2019, there are a number of auto initiatives that are looking to take off next year. Among them: Fair The used-car leasing app company has its sight set on global expansion in 2019 – and it’s […]

HyreCar Seeks More Dealer Partners Amid Inventory Imbalance

HyreCar, which announced earlier this month that it was expanding its service nationally, is facing a car inventory shortage, Chief Executive Joe Furnari told Auto Finance News. The car-share company added 32,000 drivers to its platform last month. Furnari said. However, he said, HyreCar has only about 720 cars available. There’s a “tremendous imbalance of drivers […]

For Toyota Pilot Programs, Focus Moves to Utilization From Ownership [VIDEO]

Toyota Finance Services has deployed several pilots in ridesharing and car rental services. The company gave specific insight into the findings from two of these pilots at this year’s Auto Finance Summit. “A variety of scenarios are going to coexist in the future, it’s between personally owned and shared, and autonomous vehicles and driver-driven,” Sabreen […]

Uber and Lyft IPO Likely to Boost Subscription Services

With ridesharing giants Uber and Lyft establishing details of their plans for public offerings, companies that offer subscription services will likely see a boost, Mike Furnari, chief business development officer for HyreCar, told Auto Finance News. With Uber valued at $120 billion in an IPO, the ridesharing company is more prominent than some major OEMs, […]

Toyota Accelerates Ride-Hailing Investments With New Uber Deal

Toyota Motor Corp. is investing $500 million in Uber Technologies Inc. as the OEM continues its efforts to become a true competitor in the autonomous vehicle space, the companies announced on Monday. Uber will combine its autonomous driving system with Toyota’s Guardian technology, which uses sensors to help human drivers avoid accidents, according to a […]

Getaround Poised to Meet Carshare Demand With $300M Investment

Carsharing app Getaround raised $300 million in series D funding today — led by investments from SoftBank and Toyota Motor Corp. — at a time when the sector could get a boost from New York City regulations.  Getaround is the latest to join SoftBank’s contingent of mobility startups it backs, which include Uber, China’s ride-hailing […]

HyreCar Executive to Present Innovation Trends at Auto Finance Summit 2018

Mike Furnari, chief business development officer of HyreCar, will give a presentation at the Auto Finance Summit on the impact of ridesharing and autonomous vehicles in the lending space. The session will take place in the Innovation Track on the second day of the summit — Thursday, October 25 at 4 p.m. at The Wynn, Las […]
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