November 25, 2020

The “Automotive Usage Based Insurance Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Technology Fitted; and Geography” report has been added to ResearchAndMarkets.com’s offering.

Dongles Segment is Expected to Dominate the Automotive Usage Based Insurance Market in 2027

The market is estimated to reach US$ 124.02 billion by 2027 from US$ US$ 19.64 billion in 2019. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

At present, the insurance providers are following either installation of hardware devices, where devices are equipped to the policyholders’ cars or the low-priced smartphone app route. Both of these methods of tracking information have their advantages and disadvantages; however, they are not commonly exclusive. An insurance provider might want a customer to download an app and later shift to a plug-in device.

To stay competitive in the market, the insurance providers need to build internal capability, i.e. significant investment and efforts are required to establish liaison with telematics service providers. Before selecting an appropriate method to track information, an insurance provider needs to make several considerations. Most of the insurance providers use on-board diagnostics systems, i.e. OBDII (black boxes or dongles). However, they also offer smartphone apps that are easier to access and are economical. Comparatively very few of the insurance providers offer both the hardware and smartphone app.

Based on technology fitted, the global automotive usage based insurance market is segmented into smartphones, black box, dongles, and others. The dongles segment is expected to dominate the market by 2027. Dongles are a type of telematics hardware, commonly known as on-board devices (OBD). They are provided to customers either by the insurance company or third-party providers. Generally, they are owned by the insurance companies themselves. Dongles are plugged into vehicle’s on-board computer to capture real-time data around particular events. Dongles are capable of measuring almost all vehicle mechanisms from acceleration and braking pattern to speeding and crashes.

Due to the outbreak of COVID-19, the count of car trips has dropped drastically across the world. Therefore, the drivers and the vehicle owners are seeking for different criteria for making payment of insurance instead of making a flat rate, as the cars have been parked idle in the garages since last few months. Due to reduced trip of vehicles, the usage-based insurance is expected to be adopted highly. Thus, the companies are carefully monitoring the driving behavior because of restrictions imposed to curb the spread of COVID-19. To encourage safe driving in this pandemic situation, the need to measure the user’s driving behavior is a must. This pandemic situation would assist in stimulating the use of telematics more in the auto insurance industry.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

4. Automotive Usage Based Insurance Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 PEST Analysis

5. Automotive Usage Based Insurance Market –

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Are These The Best Automotive Stocks To Watch Before December 2020?

Automotive stocks have been rather volatile in the stock market since the pandemic began. Many automotive companies had to halt all production due to guidelines in place earlier this year, sending a full blow to the industry. Even the industry leaders were not spared from the impacts brought by the coronavirus pandemic. Now that we have a few safe and effective coronavirus vaccines in the process of rolling out, things are starting to look up again for the industry. This has led investors looking for the top automotive stocks as cash-rich consumers are back with a vengeance in the post-pandemic world.

Some people think that the stock market today appears to be quite unusual. But its dynamic has been a boon for certain auto stocks. We saw Tesla (TSLA Stock Report) became the largest automaker by market capitalization amid the EV boom. This is huge for electric vehicle stock enthusiasts considering the company continues to report strong sales in the face of the pandemic. 

Electric Vehicles & Autonomous Driving Are The Future Of The Auto Industry

It’s highly likely that some of the most exciting opportunities for the next few years will involve manufacturers of electric vehicles. EV stocks continue to march higher as demonstrated by Chinese EVs like XPeng (XPEV Stock Report) and Nio Inc. (NIO Stock Report). Shares of EV manufacturers are already seeing high growth this year, which is exciting for investors. 

But it’s important to remember that the processes involved in developing and manufacturing electric vehicles aren’t all that different from those used by makers of traditional fossil fuel vehicles. And as technology improves over time, the costs will be lower. By then, electric vehicles could become a much more competitive market, much like the market for traditional vehicles today. It’s also important to note that traditional carmakers are also introducing EVs of their own. With all that being said, are these the top automotive stocks to buy in the stock market today?

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Best Automotive Stocks To Watch Now: General Motors

First, up the list, General Motors (GM Stock Report) is one of the best automotive stocks to watch in the stock market right now. The legendary automaker’s stock price reached a new 52-week high recently. This came after the potential partnership with Nikola (NKLA Stock Report) to build electric pickup trucks. But this is not an isolated development. It’s almost becoming a cliche now to say that GM is an old dog that can learn new tricks. The company is committing to 30 new EVs by 2025. By then, 40% of the company’s offerings in the U.S. will be electric. 

One of the first among them comes in the form of a Hummer. And this time, it’s all-electric. Available from late 2021, the vehicle has a 350-mile range, 1,000 horsepower, and up to 11,500-pound-feet of torque. And with a starting price of $80,000, it’s easily twice the cost of a gas-powered pickup.

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The future of cycling? Photo: Van Moof

The Netherlands is home to some of the most innovative bicycle manufacturers on the planet. Here’s how three of them are helping to change the world of cycling as we know it.

Dutch bicycles have a reputation for being tough. They have to be in a nation where most of them are parked outdoors year-round. Take a walk on a windy day and you’ll find dozens of them knocked over and blocking your path along the sidewalks. Thankfully, they can take a licking and keep on ticking.

That’s one of the reasons why the Amsterdam-based Roetz is committed to recycling as many of them as they can. Finding raw materials for their customisable bicycles isn’t too terribly difficult. Countless bikes are abandoned around the country every year, so much so that several cities have entire departments devoted to preventing them from piling up.

‘In Amsterdam alone, they collect between 200 and 300 bikes a day off the streets,’ said Roetz’s general manager Laurens Nolet. ‘Bikes need to withstand difficult weather conditions in Holland and are not always used with ease, but they’re very sturdy in the end. You would be surprised how long they last.’

Building a circular future

When you think of the phrase ‘bicycle innovations,’ the first thing that comes to mind might be cool gizmos and apps. But the industry’s future isn’t necessarily going to be focused on just tech. One of the primary goals of Roetz is to work towards the creation of a 100% recycled bike through a process Nolet and his colleagues call ‘circularity’.

When they start working on a bike, they immediately strip it down. The frame is repaired and re-coated before they start building everything back up again. All of their bikes are custom-made and the entire process, from order to delivery, takes roughly three to four weeks.

Once they’re done, a bike that might have wound up in a garbage dump or at the bottom of a canal is as good as new or arguably even better. Roetz’s website is filled with a variety of e-bikes and traditional models, many of which celebrate their retro and durable craftsmanship.

‘As long as you keep all the materials in the loop, and don’t burn it or landfill it, you can keep on recycling,’ Nolet said. ‘That’s what we strive for. We use materials that are recyclable to close the loop 100%.’

Roetz recycled bikes. Photo: Roetz

As it stands, the company has achieved 30% circularity for its consumer bicycles. Its crew also provides remanufacturing services for ‘retired’ bikes from bicycle fleets or shared bicycle programmes. They’ve been able to reuse as much as 70% of their parts because there’s so many of these bikes and plenty of stuff from them to work with. One of the biggest hurdles they currently face overall is developing coating that’s made entirely from recycled materials.

‘How can you customise bikes and give them a funky colouring?’ Nolet said. ‘But there’s

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By Gilles Guillaume



a close up of a street sign with trees in the background: FILE PHOTO: The Flins plant of French carmaker Renault


© Reuters/Benoit Tessier
FILE PHOTO: The Flins plant of French carmaker Renault

PARIS (Reuters) – Renault will stop assembling new cars at its Flins factory outside Paris and turn the site into a research, recycling and repair centre by 2024 in a move set to save full-time jobs at the plant, the company said on Wednesday.

The loss-making carmaker said it aimed to employ 3,000 people at the revamped site by 2030, and billed the makeover as a way of saving a site that might otherwise be threatened as the group narrows its focus on profitable car models and cuts costs.



a close up of a sign: FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres


© Reuters/STEPHANE MAHE
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres

“The status quo was no longer possible, we had to be lucid about this,” Renault Chairman Jean-Dominique Senard told an online news conference after meeting with unions at Flins, flanked by new Chief Executive Luca De Meo.

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Renault, which had been struggling with waning profitability and sales before the coronavirus pandemic hit, has this year announced 4,600 job cuts in France as part of a 2 billion euro ($2.4 billion) cost savings plan.

Unions said their proposals to keep on some car assembly activities in the longer run had been turned down.

The company will continue to make its electric Zoe models at Flins until 2024, and will roll out its new activities in the meantime. These include refitting cars, such as those used for long-term leases, creating a group to work on electric battery innovations and recycling car parts.

Staff would be retrained, De Meo said, without giving details of the budget.

The 3,000 jobs will include staff from the nearby Choisy-le-Roi plant, which has a workforce of 260 but is earmarked for closure, while Flins currently employs 2,400 permanent workers.

But it also regularly works with many temporary staff, some 1,400, and it is unclear what would happen to these workers. De Meo said Flins could be opened up to other companies, which could create more jobs for the plant.

Renault said the plant would be equipped to turn out 130,000 refitted cars a year by 2030.

(Reporting by Gilles Guillaume and Sarah White; Editing by David Goodman and Mark Potter)

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DUBLIN–(Business Wire)–The “Automotive Usage Based Insurance Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Technology Fitted; and Geography” report has been added to ResearchAndMarkets.com’s offering.

Dongles Segment is Expected to Dominate the Automotive Usage Based Insurance Market in 2027

The market is estimated to reach US$ 124.02 billion by 2027 from US$ US$ 19.64 billion in 2019. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

At present, the insurance providers are following either installation of hardware devices, where devices are equipped to the policyholders’ cars or the low-priced smartphone app route. Both of these methods of tracking information have their advantages and disadvantages; however, they are not commonly exclusive. An insurance provider might want a customer to download an app and later shift to a plug-in device.

To stay competitive in the market, the insurance providers need to build internal capability, i.e. significant investment and efforts are required to establish liaison with telematics service providers. Before selecting an appropriate method to track information, an insurance provider needs to make several considerations. Most of the insurance providers use on-board diagnostics systems, i.e. OBDII (black boxes or dongles). However, they also offer smartphone apps that are easier to access and are economical. Comparatively very few of the insurance providers offer both the hardware and smartphone app.

Based on technology fitted, the global automotive usage based insurance market is segmented into smartphones, black box, dongles, and others. The dongles segment is expected to dominate the market by 2027. Dongles are a type of telematics hardware, commonly known as on-board devices (OBD). They are provided to customers either by the insurance company or third-party providers. Generally, they are owned by the insurance companies themselves. Dongles are plugged into vehicle’s on-board computer to capture real-time data around particular events. Dongles are capable of measuring almost all vehicle mechanisms from acceleration and braking pattern to speeding and crashes.

Due to the outbreak of COVID-19, the count of car trips has dropped drastically across the world. Therefore, the drivers and the vehicle owners are seeking for different criteria for making payment of insurance instead of making a flat rate, as the cars have been parked idle in the garages since last few months. Due to reduced trip of vehicles, the usage-based insurance is expected to be adopted highly. Thus, the companies are carefully monitoring the driving behavior because of restrictions imposed to curb the spread of COVID-19. To encourage safe driving in this pandemic situation, the need to measure the user’s driving behavior is a must. This pandemic situation would assist in stimulating the use of telematics more in the auto insurance industry.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

4. Automotive Usage Based Insurance Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 PEST Analysis

5. Automotive Usage Based Insurance Market

…...

The best bike deals for Black Friday 2020, featuring Strider, Mongoose & more leading brand sales

Black Friday bike deals for 2020 have arrived. Review the top savings on mountain bikes, dirt bikes, kid’s electric bikes, baby balance bikes and more. Explore the full selection of deals in the list below.

Best Bike Deals:

  • Save up to 76% on Santa Cruz, Shimano, and Maxxis bikes, biking gear, and accessories at Evo.com – includes deals on mountain bikes and commuter bikes plus discounts on helmets, shirts & jerseys, goggles, and bike components
  • Save on all types of bicycles and cycling equipments at Amazoncheck the latest prices on mountain bikes, BMX, hybrid, cruiser and kids’ bicycles including electric bicycles and accessories 
  • Save up to 20% on adult and kids bikes from TITAN, Mobo, and other top brands at Overstock.com – check the latest prices on mountain bikes and BMX bikes for kids and adults including tri-bikes and 3-wheeled cruisers
  • Save up to 70% on top-rated exercise bikes at Walmart – click the link for live prices on foldable, portable, magnetic and professional type exercise bikes  
  • Save up to 47% on mountain bikes from Santa Cruz, Evil, Marin, and other top bike brands at Evo.com – choose from mountain bikes with aluminum alloy or carbon fiber frames in all sizes
  • Save up to $45 on mountain bikes from top brands like Schwinn, Mongoose, and more at Amazon – click the link to see the latest prices on aluminum, carbon, and steel mountain bikes for men and women
  • Save on electric bikes from trusted brands like Santa Cruz, Giant, and Scott at Evo.com – check the latest deals on these e-mountain bikes available in various sizes and frame materials
  • Save up to $220 on dirt bikes from Segway, SYX MOTO, and other top brands at Amazon – check the latest prices on best selling dirt bikes for kids and adults including deals on goggles, helmets, and other ride must-haves 
  • Save up to 40% on women’s cycling gear at TerryBicycles.com – click the link to see latest discounts on cycling bottoms and tops for women plus deals on saddles, biking gears, and collections
  • Save up to $70 on electric kids’ bikes, cycling gear, and accessories at Amazon – includes deals on electric scooters, 3-wheel motorcycles, and remote-controlled electric quad rides for kids 
  • Save up to $20 on balance bikes from Strider, Schwinn, and other top brands at Amazon – check live prices of balance bikes for babies and toddlers with models that can be fine-tuned as they grow  
  • Save on best selling Strider balance bikes for toddlers at Amazon – click the link for the latest prices on the Strider Classic and Sport models for boys and girls as young as 18 months  

Searching for more deals? Check out Walmart’s Black Friday Deals for Days sale and Amazon’s Black Friday deals to compare hundreds more live discounts. Deal Tomato earns commissions from purchases made using the links provided.

Balance bikes are little bicycles

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New York, Nov. 25, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automotive Rain Sensing Wiper System Market Research Report by Type, by Vehicle Type – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05913454/?utm_source=GNW

The Global Automotive Rain Sensing Wiper System Market is expected to grow from USD 4,165.44 Million in 2019 to USD 5,601.08 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.05%.

Market Segmentation & Coverage:
This research report categorizes the Automotive Rain Sensing Wiper System to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Type, the Automotive Rain Sensing Wiper System Market studied across Water Conservation Sensor and Windshield Wipers Sensor.

Based on Vehicle Type, the Automotive Rain Sensing Wiper System Market studied across Commercial Vehicles and Passenger Vehicles.

Based on Geography, the Automotive Rain Sensing Wiper System Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Company Usability Profiles:
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Automotive Rain Sensing Wiper System Market including DENSO Corporation, Hamamatsu Photonics K.K., Hella KGaA Hueck & Co., Melexis, Mitsubishi Motors Corporation, Robert Bosch GmbH, TRW Automotive Holdings Corp., and Valeo SA.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Automotive Rain Sensing Wiper System Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast,

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By Yilei Sun and Brenda Goh



FILE PHOTO: The Tesla logo


© Reuters/Aly Song
FILE PHOTO: The Tesla logo

BEIJING (Reuters) – Tesla Inc plans to start manufacturing electric vehicle (EV) chargers in China in 2021, according to a document submitted to the Shanghai authorities by the U.S. firm which is seeking to expand sales in the world’s biggest car market.

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Tesla, which now sells its Model 3 electric cars in China and plans to deliver its Model Y sport utility vehicles in 2021, plans to invest 42 million yuan ($6.4 million) in a new factory to make the chargers, also known as charging piles, near its car plant in Shanghai, the document seen by Reuters said.

China, which offers hefty subsidies for electric vehicles as it seeks to cut down on pollution from petrol or diesel cars, has been expanding its nationwide network of charging points, one of the biggest challenges to encouraging adoption of EVs.

The factory, which Tesla expects to complete in February, will have capacity to make 10,000 chargers a year, according to the document submitted by Tesla.

It now imports the chargers, usually installed in charging stations or car parks, from the United States.

Tesla, which sold over 13,000 vehicles in China last month, did not immediately respond to a request for comment.

The Shanghai car factory, central to Tesla’s global growth strategy, aims to produce 150,000 Model 3 sedans this year and has started exporting some vehicles to Europe.

Executives at Tesla said this year that the firm would expand its charging network to provide better service.

($1 = 6.5732 Chinese yuan renminbi)

(Reporting by Yilei Sun and Brenda Goh; Editing by Edmund Blair)

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MERIDEN — A man with an extensive criminal history was on parole when he was taken into custody on weapon and motor vehicle charges during a traffic stop last week, according to police.

It was just before 5 p.m. on Nov. 18 when an officer patrolling a high-crime area saw what he believed to be a drug sale between a pedestrian and the driver of a vehicle, police said.

The officer followed the driver and saw a motor vehicle violation, police said. The officer stopped the driver as he pulled into a business parking lot.

The driver, identified by police as Teharmon Techer, was acting nervous and “appeared to be concealing something” during the traffic stop, police said.

The officer learned Techer, a felon, had an extensive criminal history, including narcotics, firearms and robbery arrests, police said.

As the officer searched the vehicle, he found a gun with a red laser attached to the barrel hidden under the driver’s seat, police said. Techer was also in possession of nearly $4,000 cash, police said.

Techer, who is on parole, was taken into custody.

Court records show he was charged with illegal possession of a weapon in a motor vehicle, criminal possession of a firearm and carrying a pistol without a permit. For the alleged motor vehicle violations, he was also charged with failure to display lights and illegal operation of a motor vehicle under suspension.

Police said he was held on a $75,000 bond, but court records show that was reduced to a promise to appear and he was released from custody.

He is next expected in court on Jan. 6, 2021, to enter a plea for the charges.

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After chastising legislators for rejecting his calls for tolls, Gov. Ned Lamont faces another budget quandary centered on Connecticut’s cash-starved transportation network.

With big deficits looming over the next two fiscal years, Lamont already is expected to propose some ugly spending cuts in February as he tries to avoid tax hikes while potentially gearing up to seek re-election in 2024.


Or, to mitigate those unpleasant options, he could try to steer money away from transportation — which could lead some to question his commitment to the program.

“I have no intent to change the law” and shift funding away from transportation, the governor said Monday. “But my life would be a heck of a lot easier if they [legislators] could vote on a plan.”



Lamont asked lawmakers in 2019 to approve tolls on all vehicles and, in 2020, to impose fees just on large trucks. Lawmakers acted on neither but also approved no substitute plan to fund transportation over the long haul.

Meanwhile, the state budget’s General Fund will run $2.1 billion in deficit next fiscal year unless adjustments are made, nonpartisan analysts warned last Friday. That’s a 10 percent shortfall.


The governor and legislature are expected to use Connecticut’s record-setting, $3.1 billion rainy day fund to mitigate that problem.

But analysts also project potential deficits of $2.2 billion and $2.1 billion in the 2023 and 2024 fiscal years, respectively. That means the reserve might need to be spread over several years to cushion the blow as Connecticut recovers from the coronavirus-induced recession.


And a significant part of the immediate budget challenge involves a commitment to steer more resources — specifically, tax receipts from motor vehicle sales — away from the General Fund and into the Special Transportation Fund.

The governor is supposed to deliver an extra $180 million to the STF next fiscal year, and then boost the annual transfer by another $90 million in 2022-23.

Lamont could argue the General Fund simply can’t spare these resources right now as it tries to avoid tax hikes at the worst possible time.

According to the state Department of Labor, nearly 190,000 residents currently are collecting weekly unemployment benefits. By comparison, the state lost roughly 120,000 jobs in the

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