Autotech Ventures isn’t just forging relationships with startups. On Wednesday, the venture capital firm made a move with a company that’s been in business since 1915. Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, ... [Read More]

On Friday, Digital Align, which looks to use technology to transform business processes at credit unions, appointed Kevin Murphy as its first vice president of sales and business development. According to a news release, Murphy has worked for more than ... [Read More]

Evidently, it’s not easy to be a chief financial officer these days. CFOs are wrestling with new challenges and growing responsibilities in shorter time frames as tenure decreases, according to findings from a new survey conducted by the office of ... [Read More]

Vroom made two moves in December to extend both its financial and physical reach. Along with a hub in Orlando, Fla., the online platform for buying and selling used vehicles announced an amendment to its inventory financing agreement with Ally ... [Read More]

MagnifyMoney’s most recent survey found nearly 70% of Americans celebrated financial accomplishments in 2021, with one of the top achievements being vehicle acquisition. Although many Americans accomplished their goals of paying off debt in 2021, the survey from the LendingTree ... [Read More]

Andrew Stuart is back in auto financing. TD Bank announced this week that Stuart has returned to his former position as president and chief executive officer of TD Auto Finance, once again taking responsibility for the overall leadership and strategic ... [Read More]

Toyota has had a captive finance company for some time. Now the automaker is officially in the car insurance business, too. Last week, Toyota Insurance Management Solutions established its first branded product, Toyota Auto Insurance, which is designed to offer ... [Read More]

CDK Global recently pinpointed the impact artificial intelligence (AI) is having on dealerships. According to a study by the retail technology company, approximately 68% of dealerships believe adoption of AI has had a positive impact on their businesses, stemming from ... [Read More]

Truist Financial, through its Dealer Finance and Regional Acceptance business groups, announced a partnership with AutoFi. Under the agreement announced on Wednesday, financing options will be available to clients who are shopping for a vehicle through a dealer that partners ... [Read More]

The week, Constant, a provider of digitized, self-service technologies for collections and other back-end activities at credit unions and finance companies, announced the appointment of Sunil Panikkath as its new chief technology officer. Constant said that Panikkath will oversee all ... [Read More]