automotive

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  |  Security & Fraud

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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Lipstick Goes AI at CES
Lipstick Goes AI at CES
January 10, 2024  |  artificial intelligence

CES 2024 is shaping up to be a watershed event for artificial intelligence (AI) and the connected economy. After the pre-show hype focused on robotics...

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