automotive

Ferrari Partners With Blockchain Firm Velas to Launch Digital Assets
Ferrari Partners With Blockchain Firm Velas to Launch Digital Assets
December 28, 2021  |  Partnerships

Ferrari has launched a partnership the Swiss blockchain and NFT company Velas Network, the car maker announced Monday (Dec. 27).  The agreement “provides for the...

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ekar Brings Car-Sharing Service to Saudi Arabia
ekar Brings Car-Sharing Service to Saudi Arabia
December 27, 2021  |  International

The UAE-based car-sharing service ekar is expanding into Saudi Arabia.  As The National reported Monday (Dec. 27), the partnership will involve some of Saudi Arabia’s...

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Voice Assistants Give Drivers Information on the Go
Voice Assistants Give Drivers Information on the Go
December 27, 2021  |  Voice Activation

Drivers of Toyota and Lexus vehicles equipped with the automaker’s latest multimedia system will be able to ask a voice assistant questions about general topics...

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Nigerian Mobility Tech Startup Metro Africa Xpress Nets $31M for Expansion
Nigerian Mobility Tech Startup Metro Africa Xpress Nets $31M for Expansion
December 22, 2021  |  Investments

Metro Africa Express (MAX), a Nigerian mobility tech startup, has raised $31 million in a Series B funding round and is looking to enter more...

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Edelweiss General Insurance, PhonePe Partner on Digital Motor Insurance 
Edelweiss General Insurance, PhonePe Partner on Digital Motor Insurance 
December 22, 2021  |  Partnerships

Indian InsurTech Edelweiss General Insurance (EGI) recently partnered with digital payments platform PhonePe to offer digital motor insurance products.  PhonePe customers can now buy EGI’s...

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Auto Industry Sees Windshields As New Augmented Reality Platform
Auto Industry Sees Windshields As New Augmented Reality Platform
December 22, 2021  |  Innovation

Drivers can expect to see augmented reality images on the windshields of more vehicles in the coming years. Three partnerships announced over the last month...

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CarMax Sales Set Quarterly Record, Buybacks Blow Away Previous High
CarMax Sales Set Quarterly Record, Buybacks Blow Away Previous High
December 22, 2021  |  Retail

Used car retailer CarMax, Inc.’s retail and wholesale sales shot up almost 30% in the third quarter of fiscal 2022, largely because of increased consumer...

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DigniFi CEO: Embedded Finance the Cornerstone of Auto Industry Innovation
DigniFi CEO: Embedded Finance the Cornerstone of Auto Industry Innovation
December 22, 2021  |  Payment Methods

The shift to digitization and embedded finance is transforming every industry, and the auto business is no different. The newfound ability to offer financing at...

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Ferrari’s Management Shakeup Follows Appointment of CEO With Tech Background
Ferrari’s Management Shakeup Follows Appointment of CEO With Tech Background
December 21, 2021  |  Technology

Ferrari’s announcement on Monday (Dec. 20) that three senior managers are leaving the company and a new corporate structure will debut in January comes just over three months...

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