Bank of America evidently enjoys working with the Lucid Group. On Wednesday, the luxury electric vehicle manufacturer announced entry into a credit agreement with an initial committed amount of up to $1.0 billion with Bank of America serving as the administrative agent and swingline lender on the transaction. According to a news release, other lenders […] [Read More]

Holman is adding more financial juice into the electric vehicle space. Last week, the global automotive services organization announced an investment from its venture capital division in AmpUp, a leading electric vehicle management software company. Executives highlighted AmpUp’s innovative technology allows organizations and fleet operators to efficiently monitor and manage their EV charging infrastructure to […] [Read More]

In the auto industry, artificial intelligence isn't so much science fiction as it is reality. Hunter Swift, vice president of STELLA Automotive AI, joins the Auto Remarketing Podcast to discuss how one particular application of AI in the car business can help save dealers time and drive efficiency. To listen to the conversation, click on the link […] [Read More]

Bryce Veon is chief executive officer of AutoSoft, a DMS provider for the auto industry. He joins the Auto Remarketing Podcast to discuss the backstory of the second-generation family company, which his father started, how AutoSoft continues to innovate and how it distinguishes itself in the DMS field. To listen to the conversation, click on the link […] [Read More]

Pictures — and perhaps even more so video — could be worth way more than 1,000 words when highlighting your dealership inventory. Dealer Image Pro founder and chief executive officer Peter Duffy made his first appearance on the Auto Remarketing Podcast to share advice on how to make photo galleries and videos more appealing for […] [Read More]

RunBuggy, a tech platform designed to connect car shippers and transporters, has secured $19 million in Series A financing from an investor group that includes the Larry H. Miller Company, Porsche Ventures and Hearst Ventures. The funds will be used for continued scaling of the technology and accelerating product adoption, the company said. “For the first […] [Read More]

Four days after announcing the purchase of the Tail Light automotive software company, J.D. Power shared another acquisition in the software space on Monday. This time, the company announced the purchase of We Predict, a UK-based provider of automobile service and warranty analytics software. Through We Predict’s software, automakers and suppliers are able to gauge […] [Read More]

PureCars announced a new chief executive office on Thursday: Stephane Ferri, who most recently was strategic advisor for the Presidio Group, following time as senior vice president at vehicle subscription company Flexdrive. Ferri’s background also includes time at Cox Automotive and Asbury Automotive Group. PureCars founder Jeremy Anspach transitions out of the CEO role but […] [Read More]

CarNow, a digital retailing provider in the auto industry, has named a chief financial officer. Hired for the role is Tim O’Toole, whose background includes CFO roles with RapidMiner, Yotta, Dyn and Rapid7. O’Toole’s experience also includes time on the senior leadership team at BladeLogic. “Having known Tim for nearly 20 years, I am excited […] [Read More]

That new or late-model Ford Explorer you might be retailing could be made from some of that old Explorer that exhausted its lifespan. Rice University chemists are working with researchers at Ford and turning plastic parts from “end-of-life” vehicles into graphene via the university’s flash Joule heating process. The goal of the project led by […] [Read More]