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...Among premium services popular with middle-class Chinese consumers are free designated drivers and shared office spaces, as well as free repairs....
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Among the bigger companies are Copart and Insurance Auto Auctions, which auction off junked cars; LKQ, which sells salvaged parts to repair shops and retail customers; and Boyd Group Services, which buys...
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...Farmers who have suffered uninsurable damage to their land from exceptional flooding meanwhile will be able to apply for up to £25,000 towards repair and reinstatement costs....
...Electric vehicles, considered to be the future of the auto industry, have emerged as a sticking point in negotiations with Ford....
...While fewer owners were making warranty claims, “the cost for repair has gone up” because of inflation. “The earnings are strong right now,” Jacobson said....
...The decision to hit parts centres, rather than other vehicle assembly facilities, will make it harder for GM and Stellantis to repair and service vehicles already sold to customers....
...EVs were facing higher incidents of accidents and damage that were more costly to repair than expected....
...Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...France-German relations: Emmanuel Macron travels to Berlin for talks with his German counterpart Olaf Scholz designed to repair the countries’ fractured relationship....
...They said a fire started on Monday night at a roadside auto repair shop in the Dagestani capital Makhachkala and spread to the petrol station, causing explosions....
...It seems to have been caused by the same drivers we’ve been covering and recently discussed with our pals at Unhedged: Repair costs, litigation and accident severity....
...Pat McFadden, former business minister and an ex-adviser to Blair, will take charge of Labour’s election campaign....
...“The fact that you have these massive labour stoppages in the traditional union states definitely will benefit southern states as companies are looking to grow,” says Pat Wilson, economic development commissioner...
...And more importantly, (inaudible) auto prices collapsed as well....
...If the whole underside had to be replaced, it would lead to a significant rise in the number of vehicles deemed too costly to repair....
...So basically, it’s costing a lot more to repair cars. You know, the cost of labour for car repairs is going up. It’s also taking longer....
...But those repair rates are up between 4.5% and 5%. So that’s some contributions....
...We think of companies like Toyota, of course, in the auto sector, you think of SoftBank in tech and Sony obviously in entertainment....
...The underlying trends here are much weirder than a simple price war, as they include a new law in Florida, pricier car repairs, and possibly a TikTok trend....
...So it’s some mom and pop store and they have auto repair, blah, blah, blah. It’s just two or three employees. They don’t have any computer scientists on staff....
...But the food’s ready, so we repair to Humanities 1 Reading Room for a starter of potted shrimp, accompanied by a crisp Sancerre....
...Activity in the construction sector was much stronger than expected, given the impact of interest rates on housebuilding, with growth in repair and maintenance work outweighing a fall in new building work...
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