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Volkswagen debuts car-sharing service with all-electric fleet

Volkswagen has rolled out its take on car-sharing services with the launch of WeShare this week. The service is available in Berlin with a full-electric fleet of 1,500 e-Golf-vehicles hitting the road.  By 2020, the OEM will add 500 of its e-Up! electric vehicles (EVs) and expand the program to Hamburg, Germany, and Prague, the […]

FCA Proposed Merger With Renault Could Lead to Captive Discussions

Fiat Chrysler Automobiles’ merger proposal to Groupe Renault is likely to lead to discussions of creating a captive finance arm to “support the level of volume the new organization could attain,” Zohaib Rahim, manager of economics and industry insights at Cox Automotive, told Auto Finance News. “Last year, [former FCA Chief Executive] Sergio Marchionne mentioned […]

Financing Implications Uncertain for Ford, Volkswagen Alliance

The Volkswagen AG and Ford Motor Co. alliance will likely serve as an opportunity for the OEMs’ captives to collaborate on financing, though the timeline remains uncertain as the alliance is very new, analysts told Auto Finance News. An OEM, its captive, and its dealer partners operate in an enterprise fashion, Jeremy Acevedo, Edmund’s manager […]