According to Insurify report, after a 9% increase in 2022, prices are projected to rise another 7% by the end of next year. The average American driver will pay nearly $1,900 for car insurance in 2023, as insurance rates continue to rise across the country. This is according to the Insurify 2022 Auto Insurance Trends […]
Honda’s Next-generation Driver Assistance Technologies Will Be Standard in U.S. by 2030, Fuel Cell Vehicle Production in Ohio Starting in 2024
Honda announced plans to expand the capabilities of its previously announced Honda Sensing 360 and Honda Sensing Elite advanced safety and driver assistive systems. The improved Honda Sensing 360 system will begin rolling out in the 2nd half of the decade and will be standard on all new Honda and Acura models in the U.S. […]
November Auto Sales Projected Above Last Year
Electric vehicle sales are projected to be 5.9% of sales, but are primarily in coastal cities. U.S. new vehicles sales are projected to be up overall in November compared to last year as supply issues continue to improve. With volume for the month projected at 1.122 million units, November U.S. auto sales are estimated to […]
AkzoNobel Podcast Examines Depth of Industry Challenge and Need to ‘Rethink’ the Vehicle Refinishing Future
With demand for driver-assisted and electric vehicles (EVs) increasing and repairs becoming increasingly complex, collision repair shops are having to re-tool with capital-intensive equipment to compete. A similar challenge is talent and the need to rapidly upskill the existing workforce while coping with labor shortages fueled by the recent pandemic and the imminent retirement from […]
GM Expects North American EVs to be Profitable in 2025 as Capacity Tops 1 Million
At investor meeting, vehicle manufacturer updates 2022 financial guidance and provides performance indicators through 2025. General Motors Co. (NYSE: GM) expects its growing portfolio of electric vehicles will be solidly profitable in 2025 in North America as the company scales electric vehicle (EV) capacity in the region to more than 1 million units annually, ramps […]
Enlyte Releases Annual Trends Report
To help insurance and automotive executives prepare for the coming year, Enlyte has issued its 2022 Enlytened Trends Report. The annual publication delivers insights from subject matter experts at Enlyte, the parent company of Mitchell, Genex and Coventry. In an extensive report covering a wide array of today’s most pressing issues, industry leaders present intelligence […]
iPhone Manufacturer Foxconn Broadens Lordstown Motors Strategic Partnership with $170 Million Investment
Announce plans to pursue first joint EV program. Lordstown Motors Corp. (LMC) (NASDAQ: RIDE), the commercial electric vehicle (EV) manufacturer, and Foxconn Ventures Pte. Ltd., an affiliate of global technology company Hon Hai Technology Group that manufacturers iPhones for Apple, announced Foxconn agreed to make additional equity investments in LMC in the form of $70 […]
I-CAR Receives Awards for New EV and ADAS Hands-On Training
A panel of international media judges has awarded I-CAR, the Inter-Industry Conference on Auto Collision Repair, a prestigious SEMA Global Media Award in recognition of its new Electric Vehicle (EV) Hands-On Skills Development course. Introduced earlier this summer, the 5-Day EV Hands-On Skills Development course serves as the capstone to eight (8) prerequisite EV courses […]
Electrified Vehicle Sales Hit Record in Third Quarter
Sales of electrified vehicles hit a record in the third quarter, as one of the hottest segments in the U.S. automotive market continues to make waves throughout the industry, according to Kelley Blue Book, a Cox Automotive company. More than 200,000 electrified vehicles were sold in the three-month span of Q3 – a first – […]
Rising Input Costs Squeezing Out Entry-Level Battery Electric Vehicles
BEVs projected to have 51.5% market share in U.S. in 2031. The biggest challenge for OEMs rolling out new battery electric vehicles (BEVs) is rising input costs, which are affecting cost parity with traditionally powered vehicles. With prices of key raw materials used in BEVs having risen dramatically since 2019, S&P Global Mobility sees the […]
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