Self-Driving Systems are categorized by five-levels: Level 1- Driver Assistance: Under specific conditions, the car controls either the steering or the vehicle speed, but not both simultaneously. The driver performs all other aspects of driving and has full responsibility for monitoring the road and taking over if the assistance system fails to act appropriately. Cruise […]
Manufacturers continue to plow forward to meet the 2025 CAFE (Corporate Average Fuel Economy) standards. Ramping up electric car sales is on the forefront. Be prepared to see lots more Electric Vehicles starting in 2020, for example: Karma Revero GT Jaguar I-Pace Porche Taycan Models
The trend in construction of new vehicles using lighter weight substrates continues. According to an article by MPower, much of the focus is placed on aluminum but many automakers are turning to carbon fiber not only for exterior components but also complete inner body structures. Some of Volvo’s hybrids inner structure are primarily carbon fiber. […]
By 2025, passenger cars and light-duty trucks in the U.S. must meet Corporate Average Fuel Economy (CAFE) fleet standards of 54.5 miles per gallon (MPG). Between 2017 and 2025, vehicle manufacturers are required to achieve annual efficiency gains of 5% and 3.5% respectively. In a report from the Environmental Protection Agency (EPA), technological innovation remains […]
This year, the auto industry will grow 2.0% to $1.299 trillion, the slowest growth rate since at least 2011. Growth will flatten through 2022, according to eMarketer’s latest US retail forecast. Based on an article by eMarketer, that says that US light vehicle sales have been off to a slow start this year. Cindy Liu, […]
According to a new LendEDU study, 32% of consumers filing for Chapter 7 bankruptcy carry student loan debt. Of that group, student loan debt comprised 49% of their total debt on average. As of 2019, student loan debt is at an all-time high with a national total of $1.5 trillion. According to Student Loan Hero, […]
The social safety net for older Americans has been shrinking for the past 20 years or so. Reduced income, and increased healthcare costs, are now financial risks associated with aging. A new trend is emerging, older Americans are increasingly likely to file consumer bankruptcy. Using data from the Consumer Bankruptcy Project, the SSRN (Social Science […]
Is the trend of declining bankruptcy filings coming to an end? There are some key indicators that suggest it. A 2019 report from the American Bankruptcy Institute (ABI) indicates that consumer bankruptcy filings are on track to increase notably for the first time in years. The ABI shows that total U.S. bankruptcy filings increased 3% […]