Daimler Financial Continues Mobility Expansion With Turo Investment

Fresh off the announcement Tuesday that Daimler Financial Services — which operates Daimler AG’s mobility unit — is forming a joint venture with Via, the captive is now investing in carshare startup Turo. Turo raised $92 million in Series D funding with Daimler and SK Holdings — one of South Korea’s largest conglomerates — leading the round. The $92 million Series D funding […]
  • Emma Sandler
  • September 7, 2017

Daimler Financial Targets Boost in Mobility Presence With New Execs

Daimler Financial Services — which operates Daimler AG’s mobility services — is expanding its mobility ambitions with a joint venture investment and two new executive positions. Daimler Mobility Services and Mercedes-Benz Vans are forming a joint venture with New York City-based startup Via, along with a $50 million dollar investment from Mercedes-Benz Vans. The joint venture […]
  • Emma Sandler
  • September 5, 2017

Uber to Pay $20 Million in FTC Settlement Over False Ads

It’s hard to keep up with all the new ride-hailing startups these days, and not just for consumers, but for drivers as well. With increased competition, rideshares are coming up with their own strategies to attract drivers. But, as the Federal Trade Commission proved yesterday, posting false potential earnings ads should not be one of […]
  • Diana Asatryan
  • January 20, 2017