automotive

GM Backs Car Maintenance Service Yoshi With $23 Million
GM Backs Car Maintenance Service Yoshi With $23 Million
December 17, 2020  |  Investments

General Motors (GM) is leading a Series B funding round for $23 million for Yoshi, an on-demand car maintenance service, CNBC reported. This marks the...

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Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?
Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?
December 16, 2020  |  Artificial Intelligence

“Buy a car entirely online, and have it safely delivered, contact-free.” So goes the pitch at online car-buying platform Vroom, which is turning to artificial...

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CarLotz Reports 12 Pct Rise In Net Revenues
CarLotz Reports 12 Pct Rise In Net Revenues
December 16, 2020  |  Retail

Consignment-to-retail used vehicle marketplace CarLotz, Inc. said on Wednesday (Dec. 16) that its total revenues rose 12 percent for Q3 2020 to $29.8 million, up...

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Vroom To Buy AI-Powered Analytics And Digital Services Firm CarStory
Vroom To Buy AI-Powered Analytics And Digital Services Firm CarStory
December 15, 2020  |  Acquiring

Vroom said on Tuesday (Dec. 15) that it has entered into a definitive deal to buy artificial intelligence (AI)-fueled analytics and digital services company CarStory...

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Amazon’s Zoox Trots Out Four-Seat Self-Driving Robotaxi
Amazon’s Zoox Trots Out Four-Seat Self-Driving Robotaxi
December 14, 2020  |  Amazon Innovations

The startup Zoox — which Amazon acquired in June for a reported $1.2 billion — unveiled a self-driving electric taxi Monday (Dec. 14). “Revealing our...

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Digital-First Economy Improves Automotive Customer Experience
Digital-First Economy Improves Automotive Customer Experience
December 11, 2020  |  Retail

The digital-first economy was huge factor in automotive sales this year, as evidenced by a new report from JD Power. The research company’s annual sales...

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AWS, BMW Team On Cloud Solutions For Automotive Lifecycle
AWS, BMW Team On Cloud Solutions For Automotive Lifecycle
December 09, 2020  |  Amazon Technology

Amazon Web Services (AWS) is working with BMW Group on a “comprehensive strategic collaboration” for cloud-enabled services to help with everything from vehicle design to...

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Modal, Honda Collaborate On Financing For eCommerce Platform
Modal, Honda Collaborate On Financing For eCommerce Platform
December 08, 2020  |  Retail

The surge in automotive online purchasing traffic sparked by the pandemic has led to increased demand for eCommerce. Hence the popularity of Modal’s automotive eCommerce...

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US November Car Sales Fell, But That Doesn’t Reflect Underlying Trends
US November Car Sales Fell, But That Doesn’t Reflect Underlying Trends
December 03, 2020  |  Economy

Headline data showing a 15 percent drop in November U.S. vehicle sales seem startling, but industry experts say it doesn’t accurately reflect the industry’s true...

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