Car Insurance Rate Increases Offset the Gradual Price Drops

New car prices are slowly returning to reality, but the universe isn’t done torturing buyers. A new report from Reuters found that insurance rates are climbing just as the financial pain of buying a new car is easing.

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Pontiac Fiero Collection Swept Away in Michigan Flood

Multiple dam failures brought on by prolonged and intense rain in central Michigan saw a record surge of water sent down the Tittabawassee River last night. Following the breach of the Edenville and Sanford dams, water levels peaked at 35 feet in downstream Midland, MI, breaking the previous record by more than a foot.

In the affected area, the dam failures left uprooted trees and lives, unmoored buildings, a lake drained nearly dry, and a catastrophe of the automotive kind.

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Seismic Activity Hampering Japanese Auto Production

A strong earthquake shook western Japan on Monday morning. The 6.1-magnitude quake destroyed property, left tens of thousands without power, stranded commuters, and disrupted Osaka’s industrial sector. Honda, Mitsubishi Motors, and Toyota’s Daihatsu unit all have production facilities in the area and were forced to shut down temporarily.

While Daihatsu remained confident its facilities could be reopened later in the day, Honda’s Suzuka factory in the Mie prefecture is one of the oldest plants on its roster. Despite being modernized over the years, it might not have been able to withstand the vibrations as well as newer facilities. The company said it would remain shuttered as employees perform safety and spot checks.

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Car Dealers Claim Insurers Are Halting Policies Ahead of Hurricane Irma

Florida-area car dealerships are annoyed that insurance companies pulled the plug on policies earlier this week, fearing further hurricane-related payouts as Hurricane Irma approaches the coast. Insurers, including Progressive and Allstate, are reacting to losses incurred in Texas during Hurricane Harvey’s assault last month.

While this is standard practice for some companies, it isn’t a universal trend. State Farm, for example, said it would continue offering coverage until after a national hurricane advisory had been issued.

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Hurricane Harvey Floods Highways and Stalls Oil Production in Texas

Through Sunday morning, Harvey continued to unleash record levels of rain upon Texas, causing biblical flooding. The situation is so bad that the National Weather Service warned of “additional catastrophic, unprecedented and life threatening flooding” into the next week, and placed flash-flood emergencies for the entirety of Southeast Texas.

Harvey was the strongest storm to hit the United States since 2004 and has already trapped countless individuals, both in their homes and on the road as the rain has turned several major highways into man-made rivers. In some areas, the waterline is high enough to reach streetlights.

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Tornado Vs. Fiat Chrysler Dealership Is Not a Fair Fight

A Fiat Chrysler-affiliated dealership in Texas was hit by a tornado Saturday night, suffering catastrophic damage to its showroom, service center, and inventory. If you’ve ever wondered how your oversized truck would stack up against the awesome power of Mother Nature, look no further than the scattered and overturned vehicles that once occupied Interstate 20 Chrysler Dodge Jeep Ram of Canton’s parking lot.

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National Corvette Museum Makes Sinkhole Permanent Exhibit

Earlier this year, a sinkhole opened up within the National Corvette Museum in Bowling Green, Ky., taking down eight Corvettes 60 feet below the show floor. Since then, the natural disaster has proven profitable for the museum, prompting its board to make the hole a permanent attraction.

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  • Mikey My youngest girl ( now 48 ) dated a guy that had a Beretta with a stick shift. The Dude liked Beer and weed. too much for my liking..I borrowed my buddy's stick shift Chevette and give her short course on driving a manual .. I told her if the new BF has more than 2 beer or any weed ..You drive ...I don't care how many times you stall it, or or of you smoke the clutch . She caught on quite well ,and owned a succession of stick shift vehicles...An as an added bonus she dumped the guy.
  • Blueice "Due to regulation/govt backing, China is poised to dominate BEV/battery production, just as they do solar panel production, drone production, etc.Taiwan dominates production of certain types of chips due to regulation/govt backing and we saw how precarious such a situation is (especially with the PRC increasingly becoming aggressive towards Taiwan).That's why regulation/govt backing is aiming to build up local chip manufacturing."BD2, these businesses and or industries are not free market enterprises, buttcorporatist, bent on destroying their competitors with the use of governmentalunits to create monopolies. How safe are world consumers when the preponderance of computer chipsare made in one jurisdiction. Do you what Red China controlling any industry ??And it is well known, concentrated markets control leads to higher prices to end users.
  • Master Baiter I told my wife that rather than buying my 13YO son a car when he turns 16, we'd be better off just having him take Lyft everywhere he needs to go. She laughed off the idea, but between the cost of insurance and an extra vehicle, I'd wager that Lyft would be a cheaper option, and safer for the kid as well.
  • Master Baiter Toyota and Honda have sufficient brand equity and manufacturing expertise that they could switch to producing EVs if and when they determine it's necessary based on market realities. If you know how to build cars, then designing one around an EV drive train is trivial for a company the size of Toyota or Honda. By waiting it out, these companies can take advantage of supply chains being developed around batteries and electric motors, while avoiding short term losses like Ford is experiencing. Regarding hybrids, personally I don't do enough city driving to warrant the expense and complexity of a system essentially designed to recover braking energy.
  • Urlik You missed the point. The Feds haven’t changed child labor laws so it is still illegal under Federal law. No state has changed their law so that it goes against a Federal child labor hazardous order like working in a slaughter house either.