Major Companies Invest In Ride-Hailing Companies
Posted on May 27, 2016 in Industry News | Comments Off on Major Companies Invest In Ride-Hailing Companies
Two major car manufacturers have recently invested in ride-hailing companies, signaling their interest in and commitment to the mobility services market. Volkswagen AG is investing $300 million into Gett Inc., and Toyota Motor Corp. is investing in Uber Technologies Inc. Toyota’s partnership with Uber contemplates a new leasing model (allowing customers to cover lease payments for...
NHTSA To Propose Safety Guidelines For New and Emerging Technology
Posted on Mar 31, 2016 in Industry News, Technology Impacting Auto Insurance | Comments Off on NHTSA To Propose Safety Guidelines For New and Emerging Technology
The National Highway Traffic Safety Administration is submitting a proposed enforcement guideline to address safety concerns relating to new and emerging technology, such as automated vehicles and crash avoidance technology. The NHTSA acknowledged that the increased use of electronic systems has increased complexity, but stated that vehicle manufacturers are nevertheless responsible...
New Samsung Development Team To Focus on Autonomous Vehicle Components
Posted on Dec 10, 2015 in Industry News, Technology Impacting Auto Insurance | Comments Off on New Samsung Development Team To Focus on Autonomous Vehicle Components
Samsung has recently announced its intention to create a team, separate from its existing business units, to focus on development of next-generation automobile components. The components will be designed for use in autonomous or internet-connected vehicles. The announcement, Samsung’s first official acknowledgement of its interest in the auto industry, comes on the heels of...
Air Bag Defect Leads to Mercedes-Benz Recall of 126,000 Cars
Posted on Nov 4, 2015 in Industry News | Comments Off on Air Bag Defect Leads to Mercedes-Benz Recall of 126,000 Cars
According to the National Highway Traffic Safety Administration, a defect in the air bags of certain Mercedes vehicles—which can cause the bags to deploy without impact—has led to a recall of approximately 126,000 cars. Mercedes became aware of a potential defect through three customer complaints in early 2014, but did not discover the root cause until summer 2015. An investigation...
U.S. Auto Manufacturers Report Best Sales in a Decade
Posted on Nov 3, 2015 in Industry News | Comments Off on U.S. Auto Manufacturers Report Best Sales in a Decade
The major American auto manufacturers reported double-digit increases in sales in the month of October. The increased sales, approaching 1.46 million vehicles, is a 13.6 percent increase from the same period a year ago, and accounts for the best October sales in ten years. Sport Utility Vehicles and Pick-up trucks drove sales, as low financing and cheap gasoline made these vehicles...
