The Aftermath Of The United Auto Workers Strike | Major Regulatory Setbacks For AVs?
Speedometer Calibration Is Easier Than You Think
Calibrating your electronic speedometer is vital to ensure accurate vehicle speed readings, preventing issues such as speeding tickets, incorrect mileage calculations, and safety risks. Calibrating aids in legal compliance, precise mileage calculation, fuel consumption accuracy, enhances safety, and provides peace of mind. Learning the ins and outs of this essential process can be a game-changer for professional drivers.
citizenside | #drivingtips
Auto Insurance Hikes Continue To Plague Drivers??
Auto insurance rates have been increasing significantly, with a U.S. Department of Labor price index for motor vehicle insurance rising by 18.9% over the past year, outpacing overall inflation. Key elements contributing to higher premiums include increased costs of vehicle repairs, more accidents, and elevated litigation. While some factors like age and credit scores are beyond control, drivers can save money by comparing rates from various insurers, using monitoring programs for safer driving habits, considering higher deductibles with caution, and exploring available discounts such as multi-policy, good grades, and military service benefits.?
Forbes | #autoinsurance #vehicleexpenses
Automakers Likely To Increase Vehicle Prices To Offset Labor Concessions
The United Auto Workers union secured significant concessions, including pay raises and more robust job security, in their recent settlements with Detroit's automakers, potentially increasing labor costs by over $1 billion per year per company. To absorb these costs, automakers may raise vehicle prices for consumers, though it could be challenging to implement significant price hikes due to intense competition and customer resistance. Nonunion automakers may also eventually face pressure to increase factory wages, making it difficult for any automaker to maintain lower prices in the long run.
Fortune | #automakers #labor
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Robotaxis Are Facing More Roadblocks In The United States
Cruise, the self-driving division of General Motors, has suspended its robotaxi service across the US and will now operate its vehicles with safety drivers after California regulators suspended its permit due to a failure to disclose collision details. This suspension affects services in Austin and Phoenix, with safety drivers now present in Dallas, Houston, and Miami. Cruise aims to reevaluate its processes and enhance public trust in its autonomous technology. The company, along with Alphabet's Waymo, has invested significantly in self-driving technology despite financial losses.
Wired | #av #driversafety
How Will Car Allowances Impact Your Business This Tax Season??
In business, it's essential to keep expenses lower than revenues to ensure profitability. Car allowances, while valuable for attracting and retaining talent, can be a source of inefficiency and tax expenses for companies. It's crucial to evaluate and optimize your car allowance program for efficiency and potential tax savings – understanding IRS guidelines is a surefire way to maximize tax deductions.
Cardata | #taxseason
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