automotive

Cox Automotive Launches End-To-End Car Retail Experience
Cox Automotive Launches End-To-End Car Retail Experience
January 25, 2021  |  Retail

Cox Automotive has rolled out its Complete Retail online experience, which lets merchants and shoppers finish the shopping and purchasing processes in any location. The...

READ MORE >
MOBI Releases Second Installment Of Blockchain Standard For Vehicle Identity
MOBI Releases Second Installment Of Blockchain Standard For Vehicle Identity
January 20, 2021  |  Blockchain

The Mobility Open Blockchain Initiative (MOBI)’s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that uses blockchain technology, according...

READ MORE >
Electric Truck Maker Rivian Gains $2.65 Billion In T. Rowe Price-Led Funding Round
Electric Truck Maker Rivian Gains $2.65 Billion In T. Rowe Price-Led Funding Round
January 19, 2021  |  Investments

Southern California-based electric truck maker Rivian closed a $2.65 billion investment round led by funds and accounts advised by T. Rowe Price, with participation from Fidelity...

READ MORE >
Microsoft Joins $2 Billion Funding Round For Self-Driving Carmaker Cruise
Microsoft Joins $2 Billion Funding Round For Self-Driving Carmaker Cruise
January 19, 2021  |  Investments

Microsoft is participating in a new $2 billion equity funding round for self-driving carmaker Cruise, bringing the startup’s post-money valuation to $30 billion. Get the...

READ MORE >
CarLotz Aims To Disrupt Used-Car Business (And Go Public This Week)
CarLotz Aims To Disrupt Used-Car Business (And Go Public This Week)
January 18, 2021  |  Retail

CEO Michael Bor of CarLotz — a used-car platform he co-founded and expects to take public this week via a SPAC — says selling used...

READ MORE >
Car Subscriptions Hit Pause As BMW, Audi Suspend Programs
Car Subscriptions Hit Pause As BMW, Audi Suspend Programs
January 17, 2021  |  Subscriptions

It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps...

READ MORE >
MercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale
MercadoLibre To Expand Electric Fleet After $1.1 Billion Bond Sale
January 15, 2021  |  Innovation

Latin American eCommerce giant MercadoLibre has sold $1.1 billion in bonds to expand its fleet of electric-powered delivery vehicles. Get the Full Story Complete the...

READ MORE >
Auto1 Online Car Marketplace Plans To Go Public
Auto1 Online Car Marketplace Plans To Go Public
January 13, 2021  |  IPO

Berlin-based Auto1 Group said on Wednesday (Jan. 13) that it plans to go public in the first quarter of this year. Auto1 serves both consumers...

READ MORE >
General Motors Unveils Electric Truck, Electric Pallet And Software For ‘First- To Last-Mile Delivery’
General Motors Unveils Electric Truck, Electric Pallet And Software For ‘First- To Last-Mile Delivery’
January 13, 2021  |  Retail

General Motors is launching a new division called BrightDrop to offer what the automaker describes as an entire “ecosystem” of software, services, electric trucks and...

READ MORE >