Hints and tips:
...Among premium services popular with middle-class Chinese consumers are free designated drivers and shared office spaces, as well as free repairs....
...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....
...EVs were facing higher incidents of accidents and damage that were more costly to repair than expected....
...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....
...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....
...We think of companies like Toyota, of course, in the auto sector, you think of SoftBank in tech and Sony obviously in entertainment....
...I would say it’s being in the auto industry.” The company now was emphasising “design for manufacturability”, he said....
...Paint comprises almost a quarter of the cost to repair a car, said David Creswell, chair of trade group Auto Body Professionals Club....
...Now a potentially dangerous problem has prompted the government to order software repairs to almost 300,000 of those vehicles....
...A version of this article was first published by Nikkei Asia on August 25. ©2021 Nikkei Inc. All rights reserved. Related stories Beyond repair?...
...Motoring on: petrol and road repairs are M&A’s new hotspot In need of a break and wary of flying, DD has been hitting the road this summer....
...All rights reserved Related stories Nissan denies split from Renault as stock hits 8-year low Beyond repair?...
...In that regard, we are most positive about infrastructure followed by repair, maintenance and improvements (RMI)....
...At the time Bird told investors that repairs cost the company 14% of gross revenue, or about 51 cents per ride....
...Hurricane’s Harvey, Irma and Jose that have torn through vast swaths of the US, could create some short term need for repairs to cars that could boost auto retailers fortunes....
...Jobs requiring professional repair, the theory goes, are less easily displaced by online retailing, unlike repairs that consumers can do once they have bought the parts....
...There is also the auto repair and service market. Combustion engines have spark plugs and oil that need changing. Electric motors do not require anything like the same amount of maintenance....
...O’Reilly Automotive, AutoZone and Advance Auto Parts, which sell car parts to professional and “do-it-yourself” customers for repairs and upgrades to existing cars, saw their stock prices fall 4.1 per cent...
...Two-thirds of the borrowers in the pool had scores below 550 on the commonly-used FICO scale, which normally means “very bad” credit in need of urgent repair....
...In the case of the massive recall of Takata-made airbags, the world’s top carmakers and the airbag manufacturer are debating about how to split the costs to repair the faulty airbags....
...headquarters of CATL, China’s fastest growing battery maker, lie on the edge of the city of Ningde, a stone’s throw from ponds where farmers raise carp and a street of cheap noodle restaurants and vehicle repair...
...But analysts say that lacklustre results are not a reflection on the wider health of the US consumer, pointing to strength in auto sales and sales at DIY stores like Home Depot....
...Beyond car-hailing Major players are venturing beyond car-hailing, moving into auto financing and aftersales....
...Mr Müller has come under fire this week after downplaying the emissions scandal in an interview at the Detroit auto show....
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