automotive

75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
September 05, 2024  |  artificial intelligence

Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create...

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Motus and Flexco Partner on Personal Vehicle Reimbursement Solutions
Motus and Flexco Partner on Personal Vehicle Reimbursement Solutions
August 22, 2024  |  Partnerships

Motus and Flexco Fleet Services partnered to help businesses transition from owning fleet vehicles to reimbursing employees for the business use of their personal vehicles....

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Advance Auto Parts Sells Wholesale Arm for $1.5 Billion
Advance Auto Parts Sells Wholesale Arm for $1.5 Billion
August 22, 2024  |  Acquisitions

Advance Auto Parts has sold its wholesale operation Worldpac for $1.5 billion. The sale, to funds managed by the Carlyle Group, is expected to be finalized by the...

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Tekmetric and Affirm Enable Auto Repair Payments in Installments
Tekmetric and Affirm Enable Auto Repair Payments in Installments
August 13, 2024  |  Partnerships

Tekmetric has partnered with Affirm to enable auto repair shops to offer their customers the ability to pay over time. With this partnership, Affirm’s payment...

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DC Connected Car Raises $2.29 Million for AI-Powered Remote Auto Diagnostics
DC Connected Car Raises $2.29 Million for AI-Powered Remote Auto Diagnostics
August 11, 2024  |  artificial intelligence

DC Connected Car has raised €2.1 million ($2.29 million) for its artificial intelligence (AI)-driven remote vehicle diagnostics offering. The seed funding round, announced last week...

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Automakers, Carvana Report Mixed Q2 Results Amid Tech and Market Shifts
Automakers, Carvana Report Mixed Q2 Results Amid Tech and Market Shifts
August 02, 2024  |  Earnings

In the automotive industry, Q2 2024 brought a blend of triumphs and trials for the major players. As traditional automakers and innovative disruptors alike navigate...

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Uber and BYD Forge Deal to Deploy 100,000 Electric Vehicles 
Uber and BYD Forge Deal to Deploy 100,000 Electric Vehicles 
July 31, 2024  |  Partnerships

Uber on Wednesday (July 31) announced a multiyear strategic partnership aimed at integrating 100,000 BYD electric vehicles (EVs) into its platform across several key global markets....

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Automakers Face Roadblocks in Switching to Electric Vehicles
Automakers Face Roadblocks in Switching to Electric Vehicles
July 28, 2024  |  Transportation

The automotive industry is facing an obstacle in switching to electric vehicles: traditional cars. As The Wall Street Journal (WSJ) reported Sunday (July 28), pressures...

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Curbee Launches Platform to Help Car Dealerships Add Mobile Service
Curbee Launches Platform to Help Car Dealerships Add Mobile Service
July 26, 2024  |  Transportation

Curbee has launched its software-as-a-service (SaaS) mobile service technology platform for car dealers nationwide. This move follows a successful limited launch of the platform in...

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