Yandex.Taxi Tests Self-Driving Car on Icy Road [VIDEO]

After a recent snowfall in the suburbs of Moscow, Yandex.Taxi tested its driverless car prototypes against winter weather conditions, including icy, hard-to-see roads covered in several inches of snow. The autonomous vehicle prototype is based on a Toyota Prius and is modified to run tests with a help from the NAMI (The Central Scientific Research Automobile and Automotive Engines Institute). The […]
  • Emma Sandler
  • December 4, 2017

Uber Releases Commercial Touting Benefits of Ridesharing [VIDEO]

Uber has released a commercial with a humorous take on street traffic in Bangkok where all the cars have been replaced with boxes. The commercial features people in boxes shouting and bumping into each other. The video also features people “parking” their box and then forgetting which one is theirs as well as an intersection […]
  • Emma Sandler
  • November 10, 2017

Regulatory Attention Points to Challenges Ahead [VIDEO]

The auto finance market needs to focus on “generating positive messages as it endures a flurry of negative publicity” and growing attention from regulators. That is the key takeaway from a video posted this week by White Clarke Group on a panel debate at the International Auto Finance Conference, which took place in May in London. […]
  • Natalie Mattila
  • August 24, 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

How Cortica is Teaching Autonomous Vehicles [VIDEO]

It appears artificial intelligence is getting the Montessori treatment when it comes to self-learning. Cortica, an international AI startup, is implementing unsupervised learning that allows an autonomous system to process data and figure out its environment. For perspective, supervised machine learning is when the AI is given a set of examples and a set of parameters […]
  • Emma Sandler
  • August 4, 2017

How City Infrastructure Could Be Adapted for AVs [VIDEO]

Cities are a marvel of human invention and innovation, and with the rapid adoption of autonomous vehicles, cities are likely to both drive and reflect this change. Take for instance New York City, a place that is home to over eight million people crowded within 304 square miles and roughly 120,000 vehicles. Autonomous vehicles are […]
  • Emma Sandler
  • July 21, 2017

Daimler Performs Test of Blockchain in $114MM Transaction

Daimler AG issued a €100 million ($114.2 million) promissory note using blockchain technology, which the Mercedes-Benz manufacturer says is a first step to testing faster and more secure financial transactions across the company.     Normally, a transaction like this would take roughly 10 weeks for a bank to work as the administrative intermediary between […]
  • William Hoffman
  • June 30, 2017

Bank of America Drives Digital Engagement With Predictive Analytics [VIDEO]

Bank of America is using predictive analytics to drive consumer engagement on its digital platform and offer its dealer partners a “true value-add,” Duane Freeman, the bank’s national sales executive of consumer vehicle lending, said at Auto Finance Innovation 2017 last month. “The customer engagement that we are getting on the digital platform is incredible: […]
  • Natalie Mattila
  • June 22, 2017

Salesmen Are Still Needed, Despite Evolution of F&I Model [VIDEO]

There will still be a need for a traditional F&I models in dealerships, but only one or two F&I personnel will be required, panelists agreed at Auto Finance Innovation 2017 last month. “I think it’s more about how does a dealer repurpose and refocus their F&I team,” Kevin Singerman, co-founder and chief executive at AutoFi, […]
  • Natalie Mattila
  • June 20, 2017

Digital Platform Providers Address Consumer Drop-Off [VIDEO]

Shift Finance made adjustments to its credit application after experiencing a “drop off” of customers during the finance process, Head of Business Development Craig Isakow told attendees at Auto Finance Innovation 2017 last month. “People would fill out the soft credit form, and then if they were qualified, we would say, ‘OK, now fill out […]
  • Natalie Mattila
  • June 16, 2017
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