automotive

Vroom Exiting Car Sales, Focusing on Finance and AI Services

Vroom Exiting Car Sales, Focusing on Finance and AI Services
Vroom Exiting Car Sales, Focusing on Finance and AI Services
January 22, 2024  |  eCommerce

Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business.  The company aims to preserve liquidity and maximize stakeholder value through its...

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Cloud Platform CCC Debuts Data Security Tool for Car Repair Shops
Cloud Platform CCC Debuts Data Security Tool for Car Repair Shops
January 16, 2024  |  Cybersecurity

Insurance industry cloud platform CCC Intelligence Solutions debuted a new data security tool for collision repair shops. The new feature lets auto repairers redact the...

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Carmakers Rely on Robotics Amid Wave of Automation
Carmakers Rely on Robotics Amid Wave of Automation
January 15, 2024  |  Technology

Car companies are reportedly relying more on robotics amid higher labor costs. Although automakers have been employing automation for some time, rising labor costs are...

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Ally Names Dealer Financial Services President Douglas Timmerman as Interim CEO
Ally Names Dealer Financial Services President Douglas Timmerman as Interim CEO
January 12, 2024  |  Personnel

Ally Financial named its president of dealer financial services, Douglas Timmerman, as its interim CEO. Timmerman will assume the role Feb. 1, following the departure...

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This Week in AI: The Future of Work and Home 
This Week in AI: The Future of Work and Home 
January 12, 2024  |  Artificial Intelligence

Generative artificial intelligence (AI), like most programming languages, uses Epoch Time to standardize its operations. Epoch Time is the number of seconds that have elapsed...

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Car Subscription Provider Finn Raises $110 Million to Add EVs
Car Subscription Provider Finn Raises $110 Million to Add EVs
January 11, 2024  |  Investments

Car subscription provider Finn raised 100 million euros (about $110 million) in a Series C equity funding round. The firm will use the new capital...

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Hertz Reducing EV Fleet Due to High Cost, Low Demand
Hertz Reducing EV Fleet Due to High Cost, Low Demand
January 11, 2024  |  Transportation

Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing...

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Merchants Ramp Up Biometrics Use to Meet Consumer Demand
Merchants Ramp Up Biometrics Use to Meet Consumer Demand
January 11, 2024  |  Biometrics

People are getting more used to logging into their favorite apps on their smartphones using facial recognition or their fingerprints. This includes using Apple Pay,...

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