automotive

Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
Self-Serve Finance Marketplace Helps Buyers Find Cars They Can Actually Afford
January 18, 2023  |  Partnerships

AutoFi and Santander Consumer USA plan to launch a finance-based auto shopping marketplace this spring. The online, direct-to-consumer (D2C) marketplace will use a soft credit...

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Cazoo Targets Higher Margins as Used Car Market Shrinks
Cazoo Targets Higher Margins as Used Car Market Shrinks
January 18, 2023  |  Earnings

Cazoo has revealed plans to shake up its U.K. business. In a Wednesday (Jan. 18) earnings statement, the online auto seller announced a revised strategic...

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BurgerFi Uses in-Car Payments to Feed Fleet Sales
BurgerFi Uses in-Car Payments to Feed Fleet Sales
January 16, 2023  |  Connected Economy

With the emergence of in-vehicle ordering, restaurants have the opportunity to drive large-scale B2B sales. In an interview with PYMNTS, Karl Goodhew, chief technology officer...

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Carvana Cuts More Jobs After Eliminating 4K in 2022
Carvana Cuts More Jobs After Eliminating 4K in 2022
January 13, 2023  |  Retail

Carvana is reportedly cutting more staff as the used car market continues to downshift. The online used car retailer is both cutting jobs and reducing...

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Porsche Reportedly Considering Google Connected Car Deal
Porsche Reportedly Considering Google Connected Car Deal
January 12, 2023  |  Technology

Carmaker Porsche is reportedly considering integrating Google software into its vehicles. The deal would let Porsche drivers access applications such as Google Maps without having...

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Autonomous Delivery Gets Boost From Pilots in France and Germany
Autonomous Delivery Gets Boost From Pilots in France and Germany
January 10, 2023  |  Delivery

European retailers and tech companies are moving ahead with the development of autonomous delivery vehicles. While small delivery robots that stick to sidewalks have been...

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Rolls-Royce Says Continued Luxury Demand Fuels Record Sales
Rolls-Royce Says Continued Luxury Demand Fuels Record Sales
January 09, 2023  |  Retail

Rolls-Royce says it sees no sign of a slowdown in demand for its high-end vehicles. The British automaker said Monday (Jan. 9) that it enjoyed...

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Automakers Monetize Car-Level Data as Connected Economy Revs Up
Automakers Monetize Car-Level Data as Connected Economy Revs Up
January 06, 2023  |  Connected Economy

For automakers, making and selling the car is a start — selling data is what comes next. To that end, automaker Stellantis NV — which...

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Wall Street and Banks Concerned About Car Buyers’ Growing Debt
Wall Street and Banks Concerned About Car Buyers’ Growing Debt
January 06, 2023  |  Loans

Wall Street and banks are reportedly growing concerned about car buyers’ debt load. Bloomberg reported Friday (Jan. 6) that the size of outstanding auto loans...

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