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.
Propane has a huge advantage over hydrogen fuel cells and CNG as a vehicle fuel that a lot of people don’t realize. The infrastructure needed to get it to customers already exists. The dealers who refill your barbecue tank and the big white tank behind your cousin’s house in the boondocks can also refill propane-powered vehicles.
It looks like natural gas might just be the fuel of the future after all. One has to wonder if electric cars will be able to compete. After all, natural gas is a proven technology: UPS now has hundreds of CNG powered delivery trucks on America’s roads.
The bottom line is that a lot of people are paying are too much for auto insurance out there. Such vast differences in premiums would not exist if insurers knew they couldn’t get away with them.
In other words, Walmart is targeting yet another fixture on Main Street, the insurance agency. The discount giant is also desperately trying to add new sources of revenue after its profits fell by nearly 25% in the last quarter of 2013.