automotive

CarMax Reports Shoppers ‘Staying on Sidelines’ Amid High Interest Rates
CarMax Reports Shoppers ‘Staying on Sidelines’ Amid High Interest Rates
September 28, 2023  |  Economy

Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. They are “staying on the sidelines”...

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Google and CCC Partner to Speed Online Car Repair Appointments
Google and CCC Partner to Speed Online Car Repair Appointments
September 28, 2023  |  Partnerships

Google and insurance industry cloud platform CCC teamed up to streamline online car repair appointments. The partnership is open to repair shops that use CCC’s...

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The EV Transition Is Revving Up Connected Efficiencies for Commercial Fleets
The EV Transition Is Revving Up Connected Efficiencies for Commercial Fleets
September 27, 2023  |  Connected Economy

No product might be more emblematic of today’s technical innovation than the car. That’s because the humble automobile has been so swept up in the...

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Mercedes and Mastercard Debut Fingerprint Payment Offering in Germany
Mercedes and Mastercard Debut Fingerprint Payment Offering in Germany
September 25, 2023  |  Payment Methods

Mastercard has launched an in-car payment partnership aimed at Mercedes drivers in Germany. The collaboration will let customers use a fingerprint sensor in their car to make digital...

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Uber Freight and Waabi Team on Autonomous Trucks Deployment
Uber Freight and Waabi Team on Autonomous Trucks Deployment
September 21, 2023  |  Partnerships

Uber Freight and Waabi, a builder of generative artificial intelligence (AI) and simulation for autonomous driving, partnered to accelerate the deployment of AI-powered autonomous trucks...

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Spanish Startup Revel Raises $125 Million for Car Subscription Platform
Spanish Startup Revel Raises $125 Million for Car Subscription Platform
September 15, 2023  |  Investments

Spanish digital car subscription service provider Revel has reportedly raised 115 million euros (about $123 million) in a funding round. The money, which includes a...

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Carputty Deploys AI to Add Transparency to Auto Lending Process
Carputty Deploys AI to Add Transparency to Auto Lending Process
September 14, 2023  |  artificial intelligence

Carputty has added artificial intelligence (AI) solutions to its auto financing platform and says that one-third of the applications it receives are now AI-decisioned. AI makes...

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Westlake Financial and Pagaya Partner to Enhance Automotive Credit Decisions
Westlake Financial and Pagaya Partner to Enhance Automotive Credit Decisions
September 07, 2023  |  Partnerships

Westlake Financial has partnered with Pagaya Technologies to provide Westlake’s auto dealer partners access to Pagaya’s tech-enabled credit-decisioning product. Westlake Financial is an automotive FinTech company with nearly...

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Hyundai Pay Shows Rubber Meeting Road for in-Car Commerce
Hyundai Pay Shows Rubber Meeting Road for in-Car Commerce
September 07, 2023  |  Connected Economy

The list of initiatives to make the car the ultimate mobile wallet grows longer, as Big Tech, providers and the carmakers themselves introduce new in-vehicle...

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