Part of Volvo’s past success was an affordable European import for snobs who didn’t want to drive a Ford or a Volkswagen, but couldn’t afford a Mercedes or a Jaguar. Now, of course, anybody with a middle class income can lease a new Mercedes if he or she wants to. That Mercedes might be made in Tennessee, but it’s still a Mercedes.
All this is what technology journalists call a game changer because it represents a fundamental change in lifestyles. New York Times writer Farhad Manjoo notes that Uber gives people less reason to own a car.
e hybrid scandal, which comes at the same time as the Civil War in Iraq, and fears about oil supplies and gasoline shortages isn’t going to help the auto industry. Carmakers are going to have to work real hard to re-earn the public’s trust, particularly after the GM recalls.
The average price of a gallon of gas is currently around $3.66 a gallon, so that means prices would increase to around $3.80, which was the price in April. What’s truly frightening is that prices could get a lot higher if the war heats up.
A study by researchers at Virginia Tech lends credence to the idea that putting more self-driving vehicles on the road would reduce auto insurance premiums. Professor of Biomedical Engineering H. Clay Gabler and Research Associate Kristofer D. Kusano found that automating the most dangerous aspects of driving could cut the number of accidents leading to […]
With the venture capital money, Uber is now worth more than United Continental Holdings ($17.9 billion), Fiat (which owns Chrysler) Chrysler ($12.9 billion), and Mitsubishi Motors, which is worth $10.4 billion. Note: Uber isn’t the only cutting edge nerd favorite worth more than old companies with a storied history; Tesla Motors is currently worth $25.8 billion, largely because of stock value.
An alleged Philadelphia wise guy named Ron Galati Sr. is accused of orchestrating what might be the most elaborate auto insurance scam ever. Philadelphia District Attorney Seth Williams claimed that Galati and his crew turned an auto body shop into a sort of movie studio in which they staged fake car accidents.
The good news is that Google’s driverless vehicles could make streets safer and auto insurance rates lower as we at the Samurai have pointed out before. Anybody who drives on the highways these days knows there are a lot of bad drivers out there. Google’s vehicles cannot be any worse than some of the bozos on the road.