automotive

Mercedes and Microsoft Add ChatGPT to Voice Commands
Mercedes and Microsoft Add ChatGPT to Voice Commands
June 16, 2023  |  artificial intelligence

Mercedes has turned to Microsoft to expand on its use of in-car artificial intelligence (AI). Beginning Friday (June 16), the carmaker will begin beta testing...

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Worldline Unveils Payment Suite for Electric Vehicle Charging
Worldline Unveils Payment Suite for Electric Vehicle Charging
June 14, 2023  |  Payment Methods

With more drivers going electric, Worldline has debuted an electric vehicle payments tool. The company’s Worldline EV Charging Payments Suite is designed to meet the...

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EV Charging Standards to Cover 70% of Current EV Sales in US
EV Charging Standards to Cover 70% of Current EV Sales in US
June 12, 2023  |  Innovation

Even the most potentially impactful innovations in the world can languish if not successfully commercialized. That’s where standards come in. While standards are frequently derived...

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Subprime Borrowers’ Delinquencies up as Credit Lifeline Grows Taut
Subprime Borrowers’ Delinquencies up as Credit Lifeline Grows Taut
June 02, 2023  |  Debt

Credit card use is up, and card balances are increasing. It may be the more vulnerable borrowers among us signaling that distress could lie ahead...

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Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
Is Carvana’s Wall Street Rally an Omen for Online Car Platforms?
May 31, 2023  |  Market Conditions

One day’s surge on Wall Street may be a blip, or it may be an omen. Shares of Carvana rocketed up more than 16% Tuesday (May 30)....

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Car IQ Enables Vehicle Payment Solutions at Sinclair Fuel Stations
Car IQ Enables Vehicle Payment Solutions at Sinclair Fuel Stations
May 22, 2023  |  B2B Payments

Car IQ Pay can now be used at 1,600 Sinclair fuel stations in 30 states. This technology connects the vehicle directly to the fuel pump, allowing fleet customers to...

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Qualcomm’s Autotalks Buy Highlights Importance of Connected Car Ecosystem
Qualcomm’s Autotalks Buy Highlights Importance of Connected Car Ecosystem
May 08, 2023  |  Connected Economy

Dealmaking in the chip space underscores the inexorable rise of the connected car ecosystem. The digitization of transportation, of forging ecosystems where cars and other...

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Used Car Prices Drop as Consumers Pull Back on Spending
Used Car Prices Drop as Consumers Pull Back on Spending
May 05, 2023  |  Economy

Used car prices dropped in April, marking the first month-over-month decline seen this year. The wholesale used vehicle prices declined 3% in April compared to...

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Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
Cazoo Restructuring Bears Financial Fruit Amid Struggling Global Used Car Market
April 27, 2023  |  Earnings

British online auto marketplace Cazoo said an intense focus on improving unit economics as well as restructuring activities which saw it ditch its other European...

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