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GM’s Electric Vehicle Makeover Reverberates Far Beyond Detroit

PYMNTS

While the wisdom and strategy can be debated, there is no arguing the fact that GM’s decision to wean itself — and the world — off of fossil fuels will have tectonic effects that will be felt far beyond Detroit, and will take along for the ride scores of ancillary businesses that keep America’s love affair with the automobile rolling.

Detroit 256
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Stepping Into 21st Century Hospitality With Apartments And Technology

PYMNTS

Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel. The Market.

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Vroom eCommerce Sales Platform Raises $254M

PYMNTS

Vroom , an online marketplace for buying and selling vehicles, has raised $254 million in a Series H funding round, according to a release by the company. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. Vroom has raised $721 million so far.

Detroit 131
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Striking a New Chord of Career Success in Consulting

Perficient

I recently got to virtually meet with associate technical consultant, Tom Phillips , to hear about his journey into the technology field. He then moved to Detroit to help his friend open a commercial recording studio and took on a position teaching music. Here at Perficient, I’ve found that a lot of us have this is common.

Detroit 332
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Auto Sales Race Toward A New Retail Future

PYMNTS

For instance, online marketplace and auction site eBay has released eBay Motors, a new app that uses AI to list a car in under five minutes, according to a report by The Verge. The online marketplace company aims to eventually use AI technology on descriptions, so that a user could give basic details and the AI would flesh out the rest.

Retail 131
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Kroger Risks Losing The Digital Grocery Race

PYMNTS

is a tough market – and getting tougher. While players both big and small were making digital investments like online ordering and delivery services, the report notes, Kroger lagged behind and stayed focused on its stores. Online purchases account for just 5 percent of the roughly $1 trillion U.S.

Online 132
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How Ghost Kitchens Are Altering The QSR Landscape

PYMNTS

Diners will place orders via third-party online food delivery platforms, phone or the restaurant’s website. From Chipotle Mexican Grill to DoorDash , quick-service restaurants and technology platforms are making it easier for consumers to order their favorite foods. QSRs are incorporating the technology into their business models.

Tampa 134