In Beijing, automakers are all-in on EVs
The Beijing show comes as green vehicles reached a milestone in China, accounting for over half of passenger vehicles sold.
5 defining moments from Tesla's Q1 earnings
Industry analysts expected bad news from Tesla’s first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year.
Service customer arrested at gunpoint after dealership lost paperwork
A Kia dealership in California is being sued for reporting a vehicle as stolen after it misplaced the agreement loaning it to a customer who was having repair work done.
Insurance rates stabilizing thanks to legal reforms, officials say. But homeowners still feeling pain.
Lawsuits against property insurers declined significantly through the first quarter of 2024 and that’s fueling market confidence that’s beginning to stabilize homeowner insurance rates in Florida, the state’s chief financial officer said.
Homeowners say they haven’t seen rates ease yet, but officials at a roundtable insurance discussion held by CFO Jimmy Patronis in Sarasota on Thursday urged further patience, saying rate increases are slowing as a result of increased competition from new carriers entering the market.
The roundtable featured the state’s top insurance officials, elected officials from Southwest Florida, leaders of business organizations and area policyholders.
Patronis said that lawsuits were down more than 20% “over the last quarter,” but a spokesman for the CFO later presented figures showing that lawsuits as reported to the Department of Financial Services’ Legal Service of Process database declined by 20.4% between the first quarter of 2021 — prior to the Legislature’s enactment of insurance reforms — and the first quarter of 2024. The spokesman said he knew that figure was what Patronis was referencing.
Don Petersen, CEO who steered Ford to success in late 1980s, dies at 97
A mechanical engineer with a zeal for quality, Petersen led the company during some of its most prosperous years and was only the second person outside the founding Ford family to lead the automaker, after his predecessor, Philip Caldwell.