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First driving behavior-based telematics automobile insurance developed for Toyota connected cars in Japan

Green Car Congress

Toyota Motor Corporation and the MS&AD Insurance Group’s Aioi Nissay Dowa Insurance Co., have jointly developed Japan’s first driving behavior-based telematics automobile insurance. Aioi Nissay Dowa Insurance is a pioneer of telematics automobile insurance in Japan. Background.

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National Electric Vehicle Sweden AB (NEVS) and Dongfeng Motor Corporation enter strategic cooperation, focused on new energy vehicles

Green Car Congress

National Electric Vehicle Sweden AB (NEVS)—the rebirthed Saab—and Dongfeng Motor Corporation (Dongfeng) have signed a strategic cooperation agreement to achieve global industrial synergies. Dongfeng Motor Corporation (DFM) is the third biggest Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei Province.

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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.) Earlier post.)

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Toyota, Ford and Stellantis dealerships promote throughout 4 states

Baua Electric

area Toyota pack Fletcher Jones Automobile Team has bought a Los Angeles-area Toyota dealership — Carson Toyota, the sixteenth new-car pack within the Las Vegas corporate’s portfolio. 27 trade in for the consumer and dealers. 27 trade in for the consumer and dealers. retailing 18,876 up-to-date automobiles in 2022.

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Balqon Receives Initial $490,000 Purchase Order for Heavy-Duty Electric Drive Systems From New China-Based Distributor

Green Car Congress

Balqon Corporation, a developer and manufacturer of zero emissions, heavy-duty electric vehicles and drive systems ( earlier post ), has received a $490,000 order for electric drive systems under a new dealer agreement with DynaProTech, a leading composite automotive parts manufacturer in the People’s Republic of China.

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Worn-vehicle shops shifted Q1 objectives to learn over quantity

Baua Electric

Reasonable rude benefit consistent with older automobile at Sonic Car Inc.’s Sonic mentioned the typical rude benefit consistent with automobile and F&I at its used-only EchoPark industry used to be $1,907 within the first quarter, a shed of 30 p.c. . ’s franchised dealerships fell 6 p.c

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Lithia desires to collision earnings of $25 billion from acquisitions, up via $5 billion

Baua Electric

acquisitions, DeBoer mentioned, are in what the corporate refers to as Areas 4 and six, the Southeast and South Central, in addition to Area 3, its North Central patch, or the Higher Midwest. dealerships, together with a half-dozen Airstream shops that it purchased in October. 1 dealer, AutoNation Inc., Lithia has 281 U.S.