GM: Q1 sales slip 1.5% on lower fleet; retail up 6%
GM said short-term production constraints of midsize pickups and vans contributed to lower fleet sales in the first quarter.
Toyota to pay its Japanese dealers support for every employee
Starting this month, Toyota will tap into its record profits to pay dealers in Japan a monthly stipend for every person they employ.
Prototype hints at electric Porsche Cayenne design
The electric Cayenne should begin production in Bratislava, Slovakia, in May 2025, according to AutoForecast Solutions.
Webasto sells majority stake in struggling EV charging unit
Webasto today closed on the sale of a majority stake in its EV charger business as the German supplier eyes a financial turnaround.
3 ways AI could transform your insurance policy
By Robin Hartill | Nerdwallet
Your insurance company may know more about you than you realize.
The technology that saturates today’s world — smart-home devices, drone images, fitness trackers, social media posts and telematics programs that monitor your driving habits — can help insurers piece together a detailed picture of your behavior.
Your permission isn’t always required. Many facts about your house, car and neighborhood are public records. Data brokers also gather and sell details about your activity, like which stores you visit, what you click online and the whereabouts of your mobile phone.
For a human, all that data is too much to process. But the ability of artificial intelligence to interpret data could upend the process of buying an insurance policy and filing a claim. As insurers face questions about fairness and privacy, some people may find it’s harder to get coverage. Others will benefit from cheaper rates, quicker applications and easier claims.
Faster insurance applications
Customers could see a shortened application process as insurance companies embrace AI.