London’s car-sharing growth accelerated on Friday as BMW’s car club DriveNow expanded to cover most of the inner city, ahead of the mobility tie-up with Daimler.
eBay has agreed to acquire Cox Automotive’s Motors.co.uk, as the American company grows its presence in Britain’s used car market after earlier taking over Gumtree.
LeasePlan will push ahead with an IPO on the continental Euronext exchange, six months after its CEO said the company was taking its time to build the strongest investor pitch possible.
ING’s venture capital arm has injected £5m in equity into online finance broker Funding Options, giving the Dutch banking group a minority stake in the London-based fintech.
Crypto payments processor The Auto Block has set out plans for a proprietary currency to buy cars, and is looking into using the blockchain for monthly payments in leasing contracts.
The car finance industry faces uncertain trends around alternatively-fuelled vehicles such as electric cars, and may need to adjust its offering proactively, Moody’s has said.
Volvo Cars has launched a mobility platform called “M” in the US and Sweden, as the company seeks a place next to mobility giants such as Daimler and the BMW Group.
Saddled with student loans and massive unsecured debt, distrustful of financial services, and generally unsatisfied with their financial circumstances: that is the portrait of Britons aged 18-34. How can the motor industry address this growing market?
Ford has partnered up with e-retail giant Alibaba to explore opportunities in pre-sales, test drives and financial solutions in China.