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Michigan Lawmakers Try to Address High Insurance Costs Again...

Michigan Lawmakers Try to Address High Insurance Costs Again

It looks like Michigan’s drivers are about to be betrayed by their state legislature yet again. The latest attempt to fix the state’s imbecilic auto insurance fails to take any meaningful action to bring down the nation’s highest car premiums. A bill that would “reform” auto coverage in Michigan leaves the state’s no-fault insurance system, which makes it impossible for insurers to raise rates for bad drivers intact, The Detroit Free Press reported. To make matters worse, nothing is being done to curb the Michigan Catastrophic Claims Association (or MCCA), a bureaucracy that guarantees medical care for catastrophically injured accident victims for life. The MCCA is one of the...

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Could Google Start Underwriting Insurance Policies?...

Could Google Start Underwriting Insurance Policies?

There’s some speculation online that Alphabet (NASDAQ: GOOGL)—the company formerly known as Google—could start underwriting insurance policies. Get FREE SHIPPING on Drones and Drone Bundles from DronesEtc.com Google (NASDAQ: GOOG) has decided to accept responsibility; in other words, to agree to cover the cost of damages caused by flaws in its self-driving car technology. At least one observer, Blake Corbet, the managing director of Vancouver’s PI Financial Corp, thinks that this means Google will underwrite insurance policies for autonomous vehicles, Fortune reported. Corbet also believes that this will give the search and research giant a sort of beachhead to enter the insurance business. Actually, Google is already in the...

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Study: Poor Pay More for Car Insurance...

Study: Poor Pay More for Car Insurance

It simply does not pay to be poor in these United States; the least affluent Americans pay more for everything, including car insurance. A survey by the Consumer Federation of America, or CFA, found that the nation’s five largest auto insurance companies do not make a basic vehicle policy that costs less than $500 a year available in 484 of America’s lowest income zip codes. CFA signaled out GEICO, State Farm, Farmers, Allstate, and Progressive and noted that in 24 large urban centers, there was at least one low income zip code where premiums exceeded $500 a year. In nine metro areas—Detroit, Miami/Fort Lauderdale, the Twin Cities, Tampa/St. Petersburg,...

Mysterious Electric Car Maker Poised to Enter Market...

A company that could be a major new player in the electric car business is planning to build a massive new facility in Nevada. Faraday Future is planning to spend $1 billion to build an electric car factor at the Apex Industrial Park in North Las Vegas, Nev. Personalized Loans to Meet YOUR Needs. Zippy Loan   Faraday, which gets most of its backing from Chinese TV mogul Jia Yueting, has received around $335 million in tax breaks from the state of Nevada. The Las Vegas Review Journal reported that Faraday wants to start building cars at a three million square foot factory in the Apex Industrial Park in the dusty Sin City suburb of North Las Vegas...

Mysterious Electric Car Maker Poised to Enter Market
posted on: Jan 10, 2016 | author: admin

Ford launches Own Ride Sharing App

The Ford Motor Company (NYSE: F) wants a piece of Uber’s lucrative action. It is testing its own networked-transportation app called the Dynamic Shuttle. Buy Drones Online at DronesEtc.com The service is an app that lets customers summon a “shuttle” – the shuttle is a Ford Transit van. The difference between Ford’s service and Uber or Lyft is that the riders have to share the van, which would apparently be cheaper than an Uber ride and possibly safer. The company has been experimenting with the service in its hometown of Dearborn, Mich. for the past year, a press release indicates. The service is now being rolled out as a pilot project designed to test a platform for ride...

Ford launches Own Ride Sharing App
posted on: Dec 21, 2015 | author: admin

Is Ford Really an Automotive Stock Bargain?...

The Ford Motor Company (NYSE: F) might just be the most undervalued company in America right now. On December 11, 2015, Ford was trading at $13.18 a share, yet it reported the following financial numbers: Our new customers report average savings of $522 on car insurance! Click Here! $145.18 billion in TTM revenues on September 30, 2015   A profit margin of 5%   A net income of $4.77 billion A dividend yield of 4.37%   A free cash flow of $4.63 billion A return on equity of 18.39%   Cash and short-term investments of $58.75 billion   $16.25 billion in cash from operations   The numbers make Ford sound like a classic value investment. It makes a...

Is Ford Really an Automotive Stock Bargain?
posted on: Dec 16, 2015 | author: admin

Porsche Plans to Spend $1.09 Billion to Develop Electric Sports Car...

Tesla Motors (NASDAQ: TSLA) now has some serious competition. Porsche, a subsidiary of Volkswagen (OTC: VKAY), plans to spend $1.09 billion (€1 billion) to bring its electric sports car, the Mission E, to market, our friends at Seeking Alpha reported. Visit Ferrari Official Store Porsche’s electric vehicle investment will include the construction of a $761.67 million (€700 million) electric vehicle factory in Stuttgart, a press release indicates. The plant will employ more than 1,000 people and include a new paint shop and assembly area. Porsche’s Tesla Killing Mission E This seems to verify the theory that Volkswagen will be a serious player in the electric car market and Tesla’s biggest competitor. If it lives up to the hype,...

Porsche Plans to Spend $1.09 Billion to Develop Electric Sports Car
posted on: Dec 9, 2015 | author: admin
Electric Cars a Tough Sell to Car Dealers

Electric Cars a Tough Sell to Car Dealers

posted on: Dec 3, 2015 | author: admin

The biggest obstacle to a widespread adoption of electric cars in the United States could be auto dealers. Many dealers are refusing to sell electric vehicles, even ones from their brands, The New York Times reported. Over 64? Click here for Medicare Plans!   Strangely enough, some sales professionals were reluctant to push electrics even when motivated buyers showed up with checkbooks. A number of EV owners even told The Times that salespeople went out of their way to try to push gasoline or diesel cars they did not want on them. The dealers’ reluctance can be explained by several factors. A big one is the association of electrics with Elon Musk’s Tesla Motors (NASDAQ: TSLA). Musk has angered dealers by selling his vehicles through a network of branded stores rather than dealerships. That effectively cuts out the middleman and their profits. Why Auto Dealers Don’t Like Electric Vehicles...

Nissan Unveils Impressive Autonomous Car

Nissan Unveils Impressive Autonomous Car

posted on: Nov 25, 2015 | author: admin

Renault-Nissan (OTC: NSANY) and Ford Motor Company (NYSE: F) have unveiled impressive new technology that is raising the stakes in the autonomous car wars. Any Credit Auto Loans Ford has created something called Active Speed Limiter, which can actually read road signs, according to Reuters. The feature, unveiled at the Frankfurt Auto Show, is currently available on Ford’s European models, but not in North America, where road signs are not standardized. Nissan’s Alliance prototype features an Intelligent Driving solution that can navigate intersections and tell the difference between a red light and a white light, The Economic Times reported. That means it could theoretically tell the difference between headlights and a tail light. The Intelligent Driving system might also be able to tell red lights from green lights and read lanes. It still has a very hard time recognizing poorly drawn road markings. Intelligent Driving The Alliance, which is...

How and Why Toyota Could Crush Tesla and the Apple Car

How and Why Toyota Could Crush Tesla and the Apple Car...

posted on: Nov 14, 2015 | author: admin

Toyota Motor Co (NYSE: TM) is now in a very good position to crush both Tesla Motors (NASDAQ: TSLA) and the Apple Car. The automotive giant has just taken two steps to make sure that it will dominate the global car business for the foreseeable future. Easy, Fast, & Free–Apply Now for your Auto Loan! First it is spending $1 billion to create a new think tank called the Toyota Research Institute at Stanford University in the heart of Silicon Valley. This Institute is Toyota’s version of the Manhattan Project, a massive, well-funded effort to win the autonomous car wars quickly and completely. Toyota Could Dominate Autonomous Cars The goal of the Institute is simple: develop the next generation of self-driving cars, probably by using Toyota’s cash to buy the best brains in Silicon Valley. To achieve that goal, CEO Akio Toyoda has opened his check book and turned...

Toyota to Spend $1 Billion on Self-Driving Cars

Toyota to Spend $1 Billion on Self-Driving Cars...

posted on: Nov 8, 2015 | author: admin

The world’s largest automaker is finally getting serious about autonomous vehicles. Forbes reported that Toyota Motors (NYSE: TM) will spend $1 billion to create the Toyota Research Institute near Stanford University in the heart of Silicon Valley. Over 64? Click here for Medicare Plans! The institute will research artificial intelligence and robotics, and it will have some major brain power behind it. The head of the institute will be Dr. Gill Pratt, an artificial intelligence expert that previously worked at the Defense Advanced Research Projects Agency (DARPA), which is the Pentagon’s weird science think tank, the people who brought us a little thing called the internet. Pratt joined Toyota earlier this year, but he did not say what the company plans to do until a press conference on Friday, Nov. 6, 2015 with Toyota’s CEO Akio Toyoda. There, Pratt outlined three goals for the institute: Improve car safety by...

Uber Thrown out of Most German Cities

Uber Thrown out of Most German Cities

posted on: Nov 6, 2015 | author: admin

Once again, Uber has been run out of a large market. The networked transportation app has been thrown out of three of the five largest cities in Germany. Pink Slip Loan Application Uber has suspended service in Hamburg, Frankfurt, and Dusseldorf because of what it calls “a difficult regulatory environment,” Reuters reported. That means the only places where you can use Uber in Europe’s largest and most prosperous economy are Berlin and Munich. The reason Uber left those cities? Local courts apparently labelled the service as an independent car rental and not a cab company. Another reason why the company pulled out was that it is facing stiff fines for running an unlicensed taxi service. Basically, nobody knows if Uber is actually allowed under German law or not. As in the United States, Uber finds its fate in the hands of judges and lawyers. That means Uber has effectively...

Could Google Start Underwriting Insurance Policies?

Could Google Start Underwriting Insurance Policies?...

posted on: Oct 25, 2015 | author: admin

There’s some speculation online that Alphabet (NASDAQ: GOOGL)—the company formerly known as Google—could start underwriting insurance policies. Get FREE SHIPPING on Drones and Drone Bundles from DronesEtc.com Google (NASDAQ: GOOG) has decided to accept responsibility; in other words, to agree to cover the cost of damages caused by flaws in its self-driving car technology. At least one observer, Blake Corbet, the managing director of Vancouver’s PI Financial Corp, thinks that this means Google will underwrite insurance policies for autonomous vehicles, Fortune reported. Corbet also believes that this will give the search and research giant a sort of beachhead to enter the insurance business. Actually, Google is already in the insurance business big time; it is marketing auto insurance policies through its Google Compare, and it operates a major online insurance agency in the United Kingdom. Currently, Google simply sells policies issued and underwritten by other companies. If Mr. Corbet...

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