5.10.19 Auto makers getting into auto insurance; Clark Stinks

As automobiles become increasingly autonomous, the nature of car insurance is changing too. Tesla is at the forefront of this change; Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a “Clark Stinks” to share you can leave it here.

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Kia’s ‘spicy’ electric concept car makes an over-the-top debut at NY Auto Show

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Kia’s new electric car is called the Niro EV. Now its electric concept car is the HabaNiro. Get it?

If the name is already too much, you won’t be able to handle the ridiculous details about the crossover compact SUV shown at the New York International Auto Show Wednesday.

First, the not-so-hot-and-spicy specs: it’s an all-electric, all-wheel drive, four-seater with 300-mile range and full autonomy capability with butterfly-wing doors. 

While the HabaNiro is just an idea, it could pave the way for future electric vehicles beyond the Niro, which recently went all electric after debuting as a hybrid vehicle a few years ago. Read more…

More about Electric Vehicles, Kia, Concept Car, New York International Auto Show 2019, and Tech


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Nearly every major automaker saw sales fall during the first quarter with forecasts that US demand will be off as much as 7% this year.
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Geneva electrifies: From econoboxes to Aston Martin hypercar, new EVs dominate Europe’s biggest auto show

Churning out an astounding 1,900 horsepower, Ferrari's Pininfarina Battista is one of the most powerful automobiles ever produced. It also happens to be all electric, one of a score of battery-based vehicles debuting at this week's Geneva Motor Show.
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Detroit Auto Show Focuses On SUV’s, Electric Cars

DETROIT (AP) — SUVs and a big pickup truck will get top billing at Detroit’s auto show this year, but there are some surprise sports cars and electric vehicles on the agenda.

Press days for the show begin Monday, although there are a couple of unveils set for before the show starts

The most popular vehicle of the bunch is the Ford Explorer, revealed ahead of the show Wednesday night at Ford Field, the home of the National Football League’s Detroit Lions.

Cadillac will show off its XT6, a smaller-than-a-truck, three-row family hauler at an event Sunday night. Toyota brings back the high-performance Supra on Monday. The sports car developed a cult following when it was on the market from 1978 to 2002. Nissan and its Infiniti luxury brand plan to show two concept electric vehicles on Monday as well.

This year’s North American International Auto Show will take place in January for the final time. In 2020, it switches to June to escape the cold weather and show off more products outside, including autonomous vehicles.

Here are the big unveils coming up for the show, which opens to the public from Jan. 19 through 27:

CADILLAC XT6

The marketing folks at General Motors’ Cadillac brand are hoping the new XT6 big SUV will carve out a niche in the crowded market for utilities with three rows of seats but aren’t so huge they’re considered trucks. The six- to seven-passenger XT6 has a chiseled Caddy look and unique premium luxury materials to set it apart, but it’s going against well-appointed luxury versions of the Chevrolet Traverse, GMC Acadia and Buick Enclave, as well as entries from BMW, Audi and other automakers. It’s also got the same engine as the other brands, a 3.6-liter V6 that puts out 310 horsepower, and a nine-speed automatic transmission. The XT6 has a suite of standard safety features including automatic emergency braking, blind spot detection and rear cross traffic alert. It goes on sale in the summer as a 2020 model in the U.S. Price and gas mileage weren’t announced.

FORD EXPLORER

Ford’s aging Explorer big SUV is getting a major revamp as it faces growing competition in the market for family haulers with three rows of seats. The company unveiled the new version last week at Ford Field, and will display it again at the auto show. The Explorer, last reworked for the 2011 model year, gets a top-to-bottom update that includes a switch from front- to rear-wheel-drive, as well as updated engines and transmissions, some nice standard safety features and even high-performance and gas-electric hybrid versions. The SUV’s appearance doesn’t change much, but the roof line does slope more from front to back. Ford also added more interior space and second-row seats that tip and slide forward with the touch of a button. The base engine is an updated turbocharged 2.3-liter four-cylinder with 300 horsepower. There’s also a 365 horsepower 3-liter turbocharged V6. The base price will rise $ 400 from the current $ 32,365 excluding shipping. Fuel economy wasn’t announced. The Chicago-built Explorer goes on sale in the summer.

VOLKSWAGEN PASSAT

Rather than exiting the sinking U.S. midsize sedan business like two of its Detroit competitors, Volkswagen is staying in by updating the Passat for 2020. But it’s not spending huge dollars developing a new chassis or replacing engines and transmissions. VW did give the car new sheet metal (except for the roof) to make it look sportier and tweaked the existing 174-horsepower 2-Liter turbocharged engine. It also revamped the electrical system to handle more advanced driver assist features such as now-standard automatic emergency braking and blind spot detection. Passat U.S. sales were down 32 percent last year but could get a boost because Fiat Chrysler got out of the midsize car market and Ford will exit soon. The new Passat arrives in dealerships in mid- to late-summer. Price wasn’t announced, but VW is trying to keep it close to the current base of $ 25,295 excluding shipping.

PHOTO: AP


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Nissan to cut China auto output over 3 months as demand slows – source

Nissan Motor Co plans to
cut vehicle production in China by 30,000 units in the coming
months, a person briefed on the matter told Reuters, as global
automakers grapple with falling demand in the world’s biggest
car market.


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12.4.18 Gifting 529 money; Tesla self-driving fiasco; Subprime auto loans

A way to gift 529 money is here!; Falling asleep while drunk in a Tesla? Yep, it happened; Subprime auto loans are on the rise. That’s not good.

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Guangzhou Auto Group Chairman Sees Fewer Cars, More Services in the Future

Automobiles are becoming vehicles in a different sense. The cars of the future, besides ferrying people from A to B, will also act as conduits for value added services, opening up new opportunities for the mobility sector.

Speaking at the Fortune Global Tech Forum in Guangzhou, Bill Peng, a partner at PwC’s consulting subsidiary Strategy&, highlighted three ways advances in technology will impact the auto industry. Firstly, products will be more creative. Secondly, car ownership will decline. And lastly, the auto industry supply chain will be transformed as automakers vie to provide more longterm customer services.

Peng’s second point is a particular threat to carmakers in China. In August a report from Strategy& revealed that 79% of Chinese car owners would give up their vehicles if on-demand, autonomous vehicles, also known as “robotaxis”, became available. For comparison, in Europe that percentage is 47% and for the U.S. Peng thinks the proportion is only around 30%.

Zeng Qinghong, the chairman of Guangzhou Auto Group (GAC) says his company is already responding to that challenge. Last year GAC expanded its business focus to include the realm of mobility as a service, or MaaS – a market which Peng predicts will be worth $ 200 billion globally by 2020. At last year’s Guangzhou auto show, GAC unveiled its iSPACE concept car, offering a glimpse of what pivoting towards MaaS might look like for the automaker.

The iSPACE was developed in partnership with Tencent, the Chinese tech giant most famous for its instant messaging service, WeChat. The autonomous electric vehicle runs on Tencent’s “AI in Car” operating system, which enables it to recognize users as they enter the vehicle, and customize the driving experience to suit their tastes – selecting music, tv shows, and even preferred routes.

Tencent, which announced major restructuring in October to focus on business services, might seem like an odd partner for an auto company but Zhong Xiangping, Tencent’s head of Intelligent Mobility Services, says the pairing plays well with what the company calls the “attention economy”.

In short, the attention economy means the longer Tencent can retain a consumer’s attention, the more money it stands to make. In the future, passengers of autonomous vehicles will provide a potentially lucrative and certainly captive audience.

Zeng summarizes, “The space within a car is limited, however within this limited space you can have unlimited life.” Or in other words when it comes to monetizing MaaS, it’s the journey not the destination.

Fortune

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

CHARITY UPDATE:

Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

SPECIAL DONATION REQUEST UPDATE:

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Trump administration says trade pact will bring auto jobs back to U.S.

U.S. Commerce Secretary Wilbur
Ross sees tens of thousands of jobs flowing back into the U.S.
auto sector, especially among suppliers, thanks to the Trump
administration’s new trade deal with Mexico and Canada, while
industry executives and analysts are less upbeat as higher costs
could hurt sales.


Reuters: Company News

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