Automotive Industry news and trends

Mapbox Raises $280 Million to Expand AI-Driven Location Features
artificial intelligence // September 19, 2023

Mapbox, a location platform, has secured a $280 million investment in a Series E funding round to support the expansion of its platform in the automotive industry and the integration of artificial intelligence (AI) into vehicles. Having established itself as a location platform for mobile...

Connected Cars Promise US Drivers Convenience, Payments Efficiency This Holiday
Connected Economy // July 04, 2023

According to estimates from the American Automobile Association (AAA), a record number of Americans — 43.2 million people — are expected to be traveling by car this July Fourth weekend. And as connected and autonomous vehicles gain in popularity, the greater is the chance that...

PYMNTS Intelligence: Connected Fleets Are Becoming the New Normal
B2B Payments // October 19, 2022

The history of connected vehicles began with GM’s introduction of OnStar® in 1996, and in 2021, the number of connected vehicles in the United States was estimated to be 74 million. Connectivity does much more now than it did nearly three decades ago, with modern...

The Changing Relationship Between Customers and Vehicles
B2B Payments // October 18, 2022

Nearly 9 in 10 fleet operators say connected vehicle tech saves money and improves driver safety. It also creates the foundation for new fleet payments use cases.

Interviews & Exclusives
Connected Cars Promise US Drivers Convenience, Payments Efficiency This Holiday

July 04, 2023
According to estimates from the American Automobile Association (AAA), a record number of Americans — 43.2 million people — are expected to be traveling by car this July Fourth weekend. And as connected and autonomous vehicles gain in popularity, the greater is the chance that more of these connected cars will hit the road this […]

Digital Disruption Meets Automotive Repairs

November 18, 2019
It’s a cliché (but a true one) to say that the automotive world, and the culture attached to it, is undergoing a massive, historic change — thanks to digital and...

Say Goodbye To Ridesharing As We Know It

November 27, 2018
For decades, it stood as a rite of passage for so many consumers: buying one’s first car. However, according to many experts, vehicle ownership has a limited future, given the...

Making Connected Car Data Monetizable

July 12, 2017
The average car generates gigabytes of data already — between the engine, infotainment and other computerized systems. And that is only today — before the addition of things like cameras, in-car commerce...

Quick Reads
High Interest Rates Drive New Records in Auto Loan Payments

October 06, 2023
The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. With one in five borrowers owing at least $1,000 a month, the combination of surging interest rates and costly inventory has made vehicles less affordable, the Financial Times (FT) reported Friday (Oct. 6). This […]

Mapbox Raises $280 Million to Expand AI-Driven Location Features

September 19, 2023
Mapbox, a location platform, has secured a $280 million investment in a Series E funding round to support the expansion of its platform in the automotive industry and the integration...

Toyota Taps Stripe to Help Auto Repair Shops

July 26, 2022
Toyota has teamed up with Stripe on a program designed to simplify repairs for auto shops while also reducing their carbon footprint. “The challenge for the automotive industry, and the...

Ex-GM EVP Finds A New Home At Amazon

March 01, 2019
Amazon has hired General Motors‘ (GMs’) executive vice president of global manufacturing. Citing sources familiar with the matter, The Wall Street Journal (WSJ) reported that Alicia Boler Davis has joined the eCommerce...