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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.

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NEW REPORT: Post-Hurricane, CUs Provide Some Calm After The Storm

PYMNTS

In the November/December Credit Union Tracker , PYMNTS examines the latest efforts by the CU market to connect with members, from public-facing recruitment events to investments in predictive analytics solutions to disaster relief. Around The Credit Union World. After Hurricane Michael, CUs Step Up To Help Members Rebuild.

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Ford Creates New Self-Driving Car Unit; To Invest $4B

PYMNTS

In a press release , the Detroit car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business so that Ford can capitalize on market opportunities. Team Edison will continue to report to Jim Farley, executive vice president and president of global markets.

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Rocket Cos. Shares Rise 19 Pct On IPO Debut

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the Detroit-based parent of mortgage lending giant Quicken Loans, reduced its bid to go public to $2 billion. You’re seeing a low-rate environment in conjunction with decreased (mortgage) applications,” Michael Underhill, chief investment officer for Capital Innovations, the Wisconsin-based firm that invests in IPOs, told Reuters. “So,

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Wayfair Launches Real-Time Delivery Tracking

PYMNTS

Currently available in 10 retail markets — including Atlanta, Boston, Chicago, Dallas, New York City and San Francisco, among others — Chain Store Age reports the new feature will “transform what is considered a time-consuming, even frustrating, process.”

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Want To Build A Retail Experience? Get An Incubator

PYMNTS

Foot Locker has become the latest big brand to embrace the concept of retail incubators, joining such companies as Walmart and Target in hopes of fostering innovation that will translate into more sales and customer loyalty. Its tech incubator has given birth to tech innovations and entrepreneurial efforts, as PYMNTS has covered.

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Sainsbury’s Introduces New C-Store Format; SHOWFIELDS To Open In Miami

PYMNTS

Sainsbury’s , in one case, unveiled a new c-store format in London called On The Go to deliver “big innovation in small spaces for local shoppers” and used data to create the Mansion House store to meet the needs of busy city workers. We’re confident this format will further strengthen our market-leading position in convenience.”.

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