Category: Car
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California enacts car data privacy law to curb domestic violence By Reuters
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Written by Dan Levin and Christina Cook (Reuters) – California Governor Gavin Newsom signed a bill requiring automakers that sell connected cars to do more to protect survivors of domestic violence, a move that could expand those safeguards across the country. As automakers add ever more sophisticated technology to their…
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Car parts supplier Forvia cuts 2024 outlook again, to speed up job cuts By Reuters
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Written by Nathan Fevlin (Reuters) – French auto parts supplier Forvia cut its annual sales and profit forecasts for the second time in three months on Friday, reflecting weakness in European and North American markets and a delay in China. “We have lost, compared to last year, about 2 million…
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Regulator stopped from fixing car insurance prices
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The Court of Appeal has barred the Insurance Regulatory Authority from setting minimum premium rates for motor vehicle insurance, saving customers the cost of doubling their underwriting fees. The Court of Appeal found that the Individual Retirement Administration’s 2009 auto insurance guidelines, which set the minimum premium at seven per…
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How will EU car stocks react to central bank easing? By Investing.com
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European auto stocks may not see an immediate boost in the wake of interest rate cuts by central banks, despite hopes of increased affordability of new vehicles, Morgan Stanley noted in a note to clients on Wednesday. Historically, the sector does not react quickly to interest rate cuts, and weak…
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How do I manage my Sh103,000 monthly salary to buy a car and land?
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My name is Travis, I am 35 years old. I work and earn a net salary of Sh103,000 per month. I have a family. My monthly budget is as follows: Rent and water Sh28,000, school fees per term for two children Sh45,000, transport Sh8,000, family activities and emergencies Sh10,000, haraambee…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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I spent Sh1m savings on a wedding, how can I raise money for a house and car?
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I am Wilson, 29 years old. I earn $1,237. I pay five percent withholding tax every month because the company is foreign and not registered in the country. So, they use another partner company that is registered locally. They receive dollars and pay me in Kenyan shillings at the current…
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How Technology Is Making Car Battery Testing Easier and Safer
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One of the critical factors that directly affects the reliability and performance of a vehicle is the battery. In the past, determining the condition of a battery required laborious procedures involving load testing and hydrometer data. Although valuable at the time, the subjective nature of these methods often led to…
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Which are the best car tyres? Fat tackies or pizza cutters
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All tires of a given diameter come in a variety of sizes, from “fat tires” to “pizza tires.” Wider tires are the dominant choice in terms of design, but beyond that, what are the actual advantages and disadvantages? What factors should determine the choice? –DRG The technical details of different…
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China’s Old Car Trade-in Push Met With Doubt Amid Soft Demand
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Breadcrumbs Path Links PMN Business Electric carmakers have welcomed China’s move to double cash subsidies for replacing internal combustion engine vehicles, while others have expressed doubts about China’s ability to stimulate consumer demand for large purchases. Article author: Published on July 26, 2024 • Read for 2 minutes You can…
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Vietnam’s VinFast delays US electric car plant amid market slowdown By Reuters
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By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast has postponed the launch of its planned $4 billion North Carolina factory to 2028 and cut its delivery forecast for this year by about 20,000 units amid uncertainty in the global electric vehicle market. Vinfast, founded by Vietnam’s richest…
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Vehicle supply building. Prices are going down. Is it time to buy a new car?
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Breadcrumbs Path Links PMN Retail & Marketing PMN Business BMW cars Article author: Canadian Press Ritika Dubey Posted on July 07, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. For the first time in…
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China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH By Reuters
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AIX-EN-PROVENCE, France (Reuters) – China’s investigation into dumping in Europe’s cognac industry is a tit-for-tat response to European Union tariffs on Chinese electric cars, the chief financial officer of Hennessy cognac owner LVMH said on Saturday. China on Friday announced plans to hold a hearing on European brandy imports, escalating…
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UK car market sees first million sales since pandemic, driven by hybrids over fully electric vehicles
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The UK car market has reached a significant milestone, with new car registrations exceeding one million in the first half of 2024, the first time this has happened since pre-pandemic 2019. This renaissance includes a significant increase in the market share of electric vehicles. However, sales of plug-in hybrids and…
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CDK to pay tens of millions to hackers who crippled car dealerships
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A group claiming to have hacked CDK Global, a software provider for thousands of North American car dealerships, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter. CDK plans to repay the amount, said the person, who asked to remain anonymous because…
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CDK to pay tens of millions to hackers who crippled car dealerships
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A group claiming to have hacked CDK Global, a software provider for thousands of North American car dealerships, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter. CDK plans to repay the amount, said the person, who asked to remain anonymous because…
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Used car retailer CarMax posts 33% drop in first-quarter profit By Reuters
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(Reuters) – CarMax reported a 33% drop in first-quarter profit on Friday, as lower profit margins on cars sold continued to weigh on the used car industry. Used car retailers have had a bumpy ride with profitability deteriorating over the past few years as new vehicle availability improves. Better offers…