Wccftech (April 4)
“Sometimes, going against the herd pays off massively. Case in point: Toyota is thriving right now with its hybrids-first strategy, while its competitors, including Tesla, the erstwhile king of the auto space, continue to contend with a challenging demand environment and shrinking margins.”
Tags: Auto, Challenging, Competitors, Contend, Demand, Environment, Hybrids-first strategy, Shrinking margins, Tesla, Thriving, Toyota
Tampa Bay Times (July 11)
“On Tuesday, Farmers Insurance informed the state it was dropping home, auto and umbrella policies across Florida, potentially affecting tens of thousands of people. It’s the fourth company to leave the Florida market in the last year — most citing rising risks from hurricanes. Farmers, a large company with a national presence, also has reduced new business in California, citing extreme weather and wildfire threats.”
Tags: Auto, California, Dropping, Extreme weather, Farmers Insurance, Florida, Home, Hurricanes, New business, Policies, Rising risks
American Banker (November 9)
“Lenders made it harder in the third quarter for both consumers and businesses to access credit,” and this trend looks likely to continue. “If the U.S. economy falls into a recession, more than 80% of banks said they would ‘somewhat’ or ‘substantially’ tighten lending standards for credit cards and loans backed by commercial real estate. More than 70% of banks said they would do the same for auto, commercial and industrial and residential real estate loans.”
Tags: Access, Auto, Banks, Businesses, Commercial, Consumers, Credit, Credit cards, Economy, Industrial, Lenders, Lending standards, Loans, Real estate, Recession, Tighten, U.S.
CNBC (November 20)
“There aren’t many automotive executives who can claim to have saved a company, let alone three. But now, Carlos Ghosn might also prove to be the man responsible for shattering the global alliance that transformed Renault, Nissan and Mitsubishi into an industry powerhouse.”
Tags: Auto, Executives, Ghosn, Global alliance, Mitsubishi, Nissan, Powerhouse, Renault, Shattering
The Economist (February 18)
We are approaching a tipping point. The automotive dominance of internal combustion engines (ICE) looks increasingly limited. Electric cars are “set for rapid forward thrust. Improving technology and tightening regulations on emissions from ICEs is about to propel electric vehicles (EVs) from a niche to the mainstream.” But the transition “from petrol power to volts will be a tough one for carmakers to navigate.”
Tags: Auto, Cars, Combustion, Dominance, Electric, Emissions, Engines, EVs, Mainstream, Regulation, Technology, Tipping point, Transition
New York Times (December 7)
“Revelations of the extent of Volkswagen’s efforts to hide the true level of its automobile emissions just keep piling up, yet the company appears incapable of coming clean, responding to each new revelation with denial, feigned ignorance and weak apologies.”
USA Today (May 22)
“Had Takata and NHTSA moved more quickly, they would have prevented deaths and injuries.” Finally in full motion, the biggest auto safety recall in U.S. history, involving 34 million Takata air bags, will still “take years—yes, years—before all the defective air bags are replaced.”
