automotive

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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Cloud-Based Platform Gives Shape (And Wheels) To German Data-Sharing Alliance
Cloud-Based Platform Gives Shape (And Wheels) To German Data-Sharing Alliance
December 02, 2020  |  Data

Data can be a competitive tool, on a global scale. To that end, a data-sharing alliance is taking shape in Europe focused on the auto industry....

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Digital Payments Coming To Ford Trucks In Europe With SumUp, Mastercard Pair-Up
Digital Payments Coming To Ford Trucks In Europe With SumUp, Mastercard Pair-Up
November 25, 2020  |  Digital Payments

London FinTech SumUp is partnering with Mastercard to drive credit card and electronic payment solutions for Ford commercial vehicles. The solution gives small business owners...

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