AT&T to Power LoJack's Telematics Solutions
Officials with both companies say the collaboration will provide new machine-to-machine technology solutions for the connected car industry.
DALLAS and CANTON, Mass. — AT&T and LoJack Corp. have forged alliance that will have the communications provider powering the vehicle theft-recovery and fleet management solutions provider’s drive toward the much-hyped “The Internet of Things” concept.
The concept is based on the idea that anything with a batter or power cord should have an Internet address. And according to estimates from Business Insider Intelligence, more than nine billion devices will be connected to the Internet of Things movement.
"As LoJack continues to build on its current portfolio of telematics offerings and our strong history in the automotive industry, we're excited to collaborate with AT&T to deliver new connected solutions," said Randy Ortiz, president and CEO of LoJack Corp. "In an increasingly connected world, both companies can work together to empower businesses with innovative solutions that drive operational efficiency and customer service needs, while also improving driver safety. The safety, security and protection of our customers is paramount to what we do at LoJack, and AT&T's successful ‘Texting & Driving … It Can Wait’ campaign is a perfect example of why this collaboration is a natural and compelling fit."
Chris Penrose, senior vice president of Internet of Things for AT&T Mobility, added: "The work we have planned with LoJack is a great example of how the industrial Internet of Things is going to reduce costs and enable exciting new solutions for customers. We're leading in machine-to-machine connections in North America because we are committed to providing innovative solutions so an enterprise can achieve those goals."
More Auto Finance

Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →