Perhaps for about the same amount as the fee you might have incurred using the ride-sharing service during your most recent business trip, you, too, can secure a public share offered by Lyft. In hopes of generating more than $2 billion, Lyft on Thursday announced the pricing of its initial public offering of its Class […] [Read More]

Ford autonomous vehicle engineer Leda Daehler remembers having a challenging vehicle shopping experience, searching for a Lincoln MKZ with a tan interior and adaptive cruise control. And Daehler had to drive eight hours to pick it up. Daehler’s fellow Ford engineer Arnold Kadiu experienced similar vehicle-buying frustrations. The two engineers came up with an idea […] [Read More]

Attending high school in St. Louis in the 1950s, former U.S. Congressman Richard Gephardt came of age in the “golden age of automobiles.” The post-World War II period brought about ambitions of vehicle ownership, he said, as well as a practical sense of vehicle know-how, as many could only afford to do auto repair work […] [Read More]

A company description for KAR Auction Services states that it offers “innovative, technology-driven remarketing solutions” to the global wholesale used-vehicle industry. Now, the company’s Insurance Auto Auctions business is making an investment to take that innovation further.   In what the division is describing as “an insurance claims and remarketing industry first,” IAA is investing […] [Read More]

Perhaps the day is coming soon when dealership service drive personnel or rental fleet staffs already will have a host of information about a vehicle’s tire condition and other data points before the customer even gets in line. Revvo, a Silicon Valley-based startup formerly known as IntelliTire that offers an internet of things (IoT) “smart” […] [Read More]

David Jodat, a senior master technician at Subaru City of Milwaukee in Wisconsin, has been a technician for more than 18 years. But he offers more than just years of service. According to Subaru of America, he possesses superior technical knowledge and skill. For Jodat’s efforts, Subaru of America honored him as the winner of […] [Read More]

Enterprise dealer management system company DealerBuilt has partnered with private equity firm ParkerGale Capital, a move that DealerBuilt says will accelerate the release of in-demand technologies such as an F&I e-signature platform and a corporate electronic document management system. DealerBuilt, formed in 2008 to bring to market an enterprise DMS for automobile dealer and dealer […] [Read More]

A new report from eLEND Solutions asks the question: Is digital retailing promising more than it can deliver? And Nick posed more questions to eLEND Solutions chief executive officer Pete MacInnis about this report and more for this Auto Remarketing Podcast episode recorded during NADA Show 2019. MacInnis explained during the conversation that although digital […] [Read More]

Past surveys showed reasonably high acceptance toward fully self-driving cars. But that was before several high-profile automated vehicle incidents occurred about a year ago. Since then, attitudes toward self-driving cars have not rebounded, with 71 percent of participants in an AAA automated vehicle survey saying they are afraid to ride in fully self-driving vehicles. But […] [Read More]

Velodyne founder and chief executive officer David Hall has led his company’s efforts in reaching a goal of safe autonomous driving. To do that, he has provided advanced light detection and ranging, or LIDAR, sensors at automotive grade pricing. Velodyne also launched the World Safety Summit on Autonomous Technology in 2018. For efforts like that, […] [Read More]