Car company – Taxis 4 Smart Cities http://www.taxis4smartcities.org/ Sun, 26 Sep 2021 13:10:50 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.taxis4smartcities.org/wp-content/uploads/2021/07/icon-2021-07-05T160153.519.png Car company – Taxis 4 Smart Cities http://www.taxis4smartcities.org/ 32 32 Catalytic converter theft hits low-income car owners hardest https://www.taxis4smartcities.org/catalytic-converter-theft-hits-low-income-car-owners-hardest/ https://www.taxis4smartcities.org/catalytic-converter-theft-hits-low-income-car-owners-hardest/#respond Sun, 26 Sep 2021 12:17:11 +0000 https://www.taxis4smartcities.org/catalytic-converter-theft-hits-low-income-car-owners-hardest/ OGDEN, Utah (AP) – Utah lawmakers consider a crackdown on catalytic converter theft, in which criminals have seen cars’ emission controls and sell precious metals found inside on a black market booming world. Rep. Ryan Wilcox, a Republican who represents House District 7, covering North Ogden, Pleasant View and part of Ogden, is sponsoring a […]]]>

OGDEN, Utah (AP) – Utah lawmakers consider a crackdown on catalytic converter theft, in which criminals have seen cars’ emission controls and sell precious metals found inside on a black market booming world.

Rep. Ryan Wilcox, a Republican who represents House District 7, covering North Ogden, Pleasant View and part of Ogden, is sponsoring a bill to create a statewide database of converter sales catalytic, reported the Standard-Examiner.

“We want to force (illegal) sales out of legitimate areas, to lock in the legitimate means of eliminating them,” Wilcox said. The usual suitable channel is through metal recycling yards.

“The individuals who steal them are usually drug addicts,” said Candace Daly, a representative for the Utah recycling industry, during a hearing on the bill Wednesday afternoon at the Utah Capitol. in Salt Lake City before the Interim Committee on Law Enforcement and Criminal Justice.

Daly said the going rate per ounce for rhodium this week was $ 9,950. Palladium is worth $ 1,967 an ounce and platinum $ 928, she said, listing three metals commonly found in catalytic converters.

Thieves can try to sell stolen converters to recyclers and sometimes succeed because tracking and enforcement is lacking, hence the need for a database, said Chris Walden, special agent for supervision of the prosecutor’s office. General of Utah.

In April and May, the GA office conducted Operation Urban Mining, making sales and undercover purchases of converters. They served a search warrant at a Davis County storage unit and found 124 stolen converters and five bags of bulk material from internal converters. Officers arrested three people.

Wilcox said in an interview that the investigation uncovered a converter theft ring operating from Eastern Europe and the materials had been shipped to Malaysia. “They were sort of using criminals already here and paying them” for the converters, he said.

One of the worst aspects of the trend is that converter thefts often target vehicles parked in streets, driveways or apartment parking lots. “It’s just a real tragedy, the amount of money it costs every family that happens to,” Wilcox said. “In my neighborhood, most people don’t have a garage.

The National Insurance Crime Bureau estimates that the average cost of replacing the catalytic converter is $ 1,800.

Data provided by the AG’s office shows converter flights have exploded in Utah, from 110 in 2018 to 654 in 2020 and 494 in the first five months of this year.

The Ogden Police Department and the Weber County Sheriff’s Office did not immediately respond to inquiries about the theft of converters at the local level.

In addition to setting up a database, Wilcox’s bill would limit sales of converters to scrap dealers, auto recyclers and vehicle owners.

It would also create a presumption that a converter is stolen if the information is not collected at the time of purchase or if the same person tries to sell more than one converter per week.

Daly said she worked with Ogden Sen. Jon Greiner, who was also the police chief, on a 2007 metal theft crackdown bill. The move set up a system whereby law enforcement agencies would email suspicious information to recyclers, who would then be on watch and report to the police as needed.

But because of staff turnover and other causes, she said, “The system has collapsed and it’s not really working the way it used to be.”

She urged lawmakers to make a “team effort” and not impose the charges of the new program only on recyclers. The focus on law enforcement against property crimes has declined since 2007, she said.

“Thieves are not arrested and put in jail, there are not enough drug treatment centers and law enforcement needs more officers,” she said. “They are underpaid and overworked and it is not a very high priority to stop this.”

Senator Karen Mayne, a Democrat from Salt Lake County who will sponsor the bill in the Senate, said anyone who parks a car in public is in danger. “My next door neighbor’s two daughters went to a concert and when they got out the cars didn’t have these ‘cats’,” Mayne said.

In an attempt to prevent converter theft, vehicle owners can install anti-theft devices and park in locked garages or well-lit areas, according to research company BeenVerified. In public lots or garages, homeowners should park near driveways or where foot traffic is high.


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Two dead after car and ute crash in Hornby, Christchurch https://www.taxis4smartcities.org/two-dead-after-car-and-ute-crash-in-hornby-christchurch/ https://www.taxis4smartcities.org/two-dead-after-car-and-ute-crash-in-hornby-christchurch/#respond Sat, 25 Sep 2021 23:51:00 +0000 https://www.taxis4smartcities.org/two-dead-after-car-and-ute-crash-in-hornby-christchurch/ A racing car, screeching tires and “a huge crack of metal” were heard by a worker nearby when a car and ute crashed, killing two people on Saturday night. The worker, who declined to be named, said it looked like the car was traveling at high speed when he heard the revving up. He then […]]]>

A racing car, screeching tires and “a huge crack of metal” were heard by a worker nearby when a car and ute crashed, killing two people on Saturday night.

The worker, who declined to be named, said it looked like the car was traveling at high speed when he heard the revving up. He then heard tire screeching for about six seconds before hearing the impact of the two colliding vehicles.

Do you know more? Send an email to newstips@stuff.co.nz

Emergency services were called in to the crash on Halswell Junction Rd, near the intersection with Shands Rd in Hornby, around 7:40 p.m. Saturday.

The emergency services went to the scene of the crash on Saturday evening.

ALDEN WILLIAMS / Tips

The emergency services went to the scene of the crash on Saturday evening.

Two of the occupants of the car died instantly.

The other two were taken to hospital in critical and serious condition, police said.

The two occupants of the vehicle were taken to hospital with moderate injuries.

The road has since reopened and police investigations into the accident continue.

Two people died in the crash and four - two from each vehicle - were taken to hospital.

ALDEN WILLIAMS / Tips

Two people died in the crash and four – two from each vehicle – were taken to hospital.

There have been at least 35 recorded accidents at or near the intersection of Halswell Junction Rd and Shands Rd since January 2000, according to accident data from Waka Kotahi NZ Transport Agency).

Of these, one resulted in a fatality when a truck and a cyclist collided at the intersection in May. Another resulted in serious injuries, while 13 were minor and the rest were not injuries.

Cyclist Russell Ramsden was an avid tramp enthusiast, model aircraft pilot and beloved father.

75-year-old son Grant Ramsden said his father loved adventures, rode motorcycles, ride hikes and sail yachts.

“He liked to go out and enter among them. “


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Carlos Ghosn calls Nissan “boring and mediocre auto company” https://www.taxis4smartcities.org/carlos-ghosn-calls-nissan-boring-and-mediocre-auto-company/ https://www.taxis4smartcities.org/carlos-ghosn-calls-nissan-boring-and-mediocre-auto-company/#respond Fri, 24 Sep 2021 19:57:34 +0000 https://www.taxis4smartcities.org/carlos-ghosn-calls-nissan-boring-and-mediocre-auto-company/ Carlos Ghosn, the former Nissan chief who was infamous outside of Japan in an instrument case amid a lawsuit for alleged financial wrongdoing, has released a new book. Wouldn’t you know, he has less than positive things to say about his former employer. Speaking with Business fox earlier this week he called Nissan a “boring […]]]>

Carlos Ghosn, the former Nissan chief who was infamous outside of Japan in an instrument case amid a lawsuit for alleged financial wrongdoing, has released a new book. Wouldn’t you know, he has less than positive things to say about his former employer. Speaking with Business fox earlier this week he called Nissan a “boring and mediocre automaker”, adding that it will struggle to “find its place in the auto industry” if it does not partner with other brands to technical innovation.

Ghosn noted that many former Nissan executives jumped ship when his situation made the world news. “All of a sudden there was a hemorrhage of many expert executives – one of them is the head of Hyundai and the other is now the head of Jaguar [Land-Rover]. A lot of them left because they didn’t want to participate in this masquerade of injustice, “he said.” And now Nissan is back to what it was in 1909, unfortunately after 19 years of working, like the boring, mediocre car maker who is going to struggle to find his place in the auto industry. “

Ghosn’s new book, titled Broken alliances, details its mandate as a high-level suit in the automotive industry. Ghosn lobbied for Nissan to forge close ties with other automakers, ultimately forming the Renault-Nissan-Mitsubishi Alliance, where he served as chairman of the three brands and CEO of Renault and Nissan. This, he claims, is something that many brand executives – and the Japanese government – were not very enthusiastic about. In his book, he details his perspective as well as his escape from the island nation.

Ghosn was arrested in November 2018 on allegations of falsifying securities reports and underreporting his compensation. In summary, Nissan said internal investigations revealed that Ghosn had swindled company money and used it to fund a lavish personal lifestyle. The Japanese government held him pre-trial – both in near-solitary confinement in prison and under house arrest – until one of his many bail requests was finally granted. At this point, he fled Japan and eventually ended up in his home country, Lebanon, where he still resides. Ghosn, for the record, denies any wrongdoing.

As for his claims that Nissan is “boring and mediocre,” that depends on who you ask. The automaker and its luxury arm Infiniti certainly have their fair share of issues, from aging models to low sales in key segments and struggling with chip shortages like everyone else. Things didn’t get much better at the end of Ghosn’s stewardship, however, as even Nissan dealers hated the fact that she had become a “bargain basement brand.” And few cars have garnered as much attention this year as the new Nissan Z.

Ghosn closed the interview by saying, “This is the kind of a plot organized by people where at the end of the day you find out that there is no winner. Japan has lost its reputation. The French lost. Nissan lost, Renault lost, Mitsubishi lost, shareholders lost. “

A tip or a question for the author? You can reach them here: peter@thedrive.com


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HT Aero, supported by XPeng, unveils scenarios for using flying vehicles in the city https://www.taxis4smartcities.org/ht-aero-supported-by-xpeng-unveils-scenarios-for-using-flying-vehicles-in-the-city/ https://www.taxis4smartcities.org/ht-aero-supported-by-xpeng-unveils-scenarios-for-using-flying-vehicles-in-the-city/#respond Fri, 24 Sep 2021 05:58:00 +0000 https://www.taxis4smartcities.org/ht-aero-supported-by-xpeng-unveils-scenarios-for-using-flying-vehicles-in-the-city/ GUANGZHOU, China – (COMMERCIAL THREAD) – HT Aero, an urban air mobility company (UAM) in which XPeng Inc. is an investor, today unveiled the future urban use scenarios for its fifth generation flying vehicle XPeng X2 (“X2”) , including autonomous flight take-off and landing for specific city scenarios, back-end programming, billing and flight control. XPeng […]]]>

GUANGZHOU, China – (COMMERCIAL THREAD) – HT Aero, an urban air mobility company (UAM) in which XPeng Inc. is an investor, today unveiled the future urban use scenarios for its fifth generation flying vehicle XPeng X2 (“X2”) , including autonomous flight take-off and landing for specific city scenarios, back-end programming, billing and flight control.

XPeng X2 will present at the 13e Airshow China 2021, which kicks off September 28 in Zhuhai, Guangdong Province.

X2 is equipped with a robust and highly intelligent flight control system and superior autonomous flight capability, capable of performing autonomous flight route planning, full real-time imagery, in-flight flight monitoring. real-time, real-time two-way communications, all round environmental perception and autonomous return and landing. It is powered by a highly efficient and convenient charging system, taking advantage of XPeng’s supercharging technology.

The X2 has a user-friendly interface with one-key start, one-key return and one-key landing, which greatly reduces user burdens and provides a safe and intelligent flight experience.

Before take-off, the system performs intelligent and autonomous flight route planning based on the destination entered by the user, comprehensively assessing factors such as surrounding buildings, no-fly and restricted areas. and weather conditions.

In a graphic recreational video, X2 shows an efficient, efficient and environmentally friendly journey from the upper deck of a CBD building to a residential building, and connects to the airport and other transportation hubs, simulating the future lifestyle, business travel and other mobility scenarios.

In its first aerospace exhibition debut, X2 will be shown on September 28 at the 13th China International Aviation and Aerospace Exhibition (Airshow China 2021), showcasing its cutting-edge design and capabilities. .

Introducing XPeng X2, the 5e generation flying vehicle

The XPeng X2 is the latest generation flying vehicle independently developed by HT Aero, having performed more than 15,000 manned flights in complete safety. X2 is a purely electric closed-cockpit two-seater flying vehicle and an exploration of aircraft-car integration with an effective load, passenger count, exterior design and flight control system significantly improved over the previous generation.

The X2 adopts an enclosed cockpit for the first time, with styling that shares the design language of the XPeng P7. It features a sleek, minimalist, teardrop-shaped profile. In addition to its sci-fi appearance, X2 also takes into account high-efficiency aerodynamics to optimize flight performance.

With a fully carbon fiber structure, the X2 weighs 560 kilograms (empty aircraft with battery) and has a maximum takeoff weight of 760 kilograms with a capacity of two passengers. It can navigate at a maximum rated speed of 130 kilometers per hour and has a range of 35 minutes at a rated flight height of less than 1000 meters, suitable for low-altitude urban flight scenarios.

Powered only by electricity, the X2 emits no carbon dioxide emissions during flight, in line with the company’s goal of green urban transport. With 130 kilometers per hour, X2 can meet the needs of short-haul urban transport and can be used in scenarios such as air patrol, field rescue and medical transport.

About HT Aéro

HT Aero aspires to be the first pioneer of urban air mobility (UAM) and is dedicated to the production of safe and intelligent electric flying vehicles that combine automotive and aerospace technologies to achieve domestic use of large-scale air travel. Jointly funded and controlled by Mr. He Xiaopeng, XPeng Inc. and ZHAO Deli, HT Aero has a team of highly experienced R&D associates in multiple disciplines such as avionics, test flights, airworthiness, safety, structural mechanics, industrial design and embedded systems. Created in 2013, it has accumulated 15,000 manned and secure flight experiences. For more information, please visit https://www.aeroht.com.


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From electric bikes to flying cars: the Indian Ola is preparing the future of mobility https://www.taxis4smartcities.org/from-electric-bikes-to-flying-cars-the-indian-ola-is-preparing-the-future-of-mobility/ https://www.taxis4smartcities.org/from-electric-bikes-to-flying-cars-the-indian-ola-is-preparing-the-future-of-mobility/#respond Thu, 23 Sep 2021 15:22:00 +0000 https://www.taxis4smartcities.org/from-electric-bikes-to-flying-cars-the-indian-ola-is-preparing-the-future-of-mobility/ Girls ride an electric scooter in Ahmedabad, India on December 30, 2018. Photo taken on December 30, 2018. REUTERS / Amit Dave / File Photo NEW DELHI, September 23 (Reuters) – India’s Ola plans to produce scooters, e-bikes, drones and even flying cars as part of its future mobility program to help meet the country’s […]]]>

Girls ride an electric scooter in Ahmedabad, India on December 30, 2018. Photo taken on December 30, 2018. REUTERS / Amit Dave / File Photo

NEW DELHI, September 23 (Reuters) – India’s Ola plans to produce scooters, e-bikes, drones and even flying cars as part of its future mobility program to help meet the country’s transportation needs, Company founder Bhavish Agarwal said in a blog post on Thursday. .

Ola, backed by Japanese group Softbank (9984.T), is building what it calls a “new mobility” ecosystem that will include mobility services, new energy vehicles and digital forms of automotive retailing, has Agarwal said in his article.

The company’s electric unit will soon begin production of its first electric scooter at a factory in the southern state of Tamil Nadu, the largest in the world, it says. The Indian start-up also plans to expand into electric bikes and cars.

The future of accessible and affordable transportation in India is electric, and internal combustion engines, automobiles and the associated ecosystem are “a holdover from the past,” Argawal said in his article, adding that consumers have been downgraded for to be nothing more than a “cog in this giant wheel”.

“Our electric vehicles (electric vehicles) are smart, connected AI machines and will overtake current personal vehicles which are dumb mechanical devices. They will meet various needs through a variety of form factors including scooters, bicycles. electrics and even drones and flying cars, ”he wrote.

Agarwal estimates that with electric vehicles costing 80% less to run compared to gasoline-powered vehicles, the company’s mobility push could increase vehicle ownership in India to 40% of the population from around 15% currently. , and also reduce air pollution.

Electric vehicles currently represent only a fraction of the 23 million cars, scooters and motorcycles sold in India in a year, with electric scooters leading the pack. This is mainly due to the high cost of electric vehicles compared to petrol variants and insufficient charging infrastructure.

To give the sector a boost, India plans to give around $ 7.5 billion in total incentives to companies to set up battery and vehicle manufacturing, as well as buyers to switch to electric vehicles.

Tesla Inc (TSLA.O), the world’s largest electric car maker, is also preparing to start selling cars in India and has lobbied the government to reduce taxes on imported electric vehicles.

(This story corrects to say Ola, not Ola Electric, in the title, lede and paragraph 2, clarifies to say electric unit in paragraph 3)

Report by Aditi Shah; Editing by Emelia Sithole-Matarise

Our Standards: Thomson Reuters Trust Principles.


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Are flying cars in our future? https://www.taxis4smartcities.org/are-flying-cars-in-our-future/ https://www.taxis4smartcities.org/are-flying-cars-in-our-future/#respond Thu, 23 Sep 2021 04:22:54 +0000 https://www.taxis4smartcities.org/are-flying-cars-in-our-future/ September 22, 2021Advanced air mobility is an emerging industry that includes around 250 companies looking to build electric flying vehicles – think cleaner, quieter helicopters – along with the infrastructure to use them in cities around the world. Suddenly it feels like we are making tremendous progress in the field due to several recent trends, […]]]>

Advanced air mobility is an emerging industry that includes around 250 companies looking to build electric flying vehicles – think cleaner, quieter helicopters – along with the infrastructure to use them in cities around the world.

Suddenly it feels like we are making tremendous progress in the field due to several recent trends, such as the growth of on-demand services, a greater focus on sustainability, and increased availability of funding. While the cost of advanced air mobility makes it more accessible to business travelers, the goal is to make it accessible to average consumers at some point.

However, the industry must first meet several challenges, the most urgent of which is infrastructure. Advanced air mobility also requires high levels of electricity, and it should ideally come from renewable sources to promote sustainability. In addition, advanced air mobility will require a significant amount of skilled labor, as well as the right regulatory systems.

New opportunities will open up in advanced air mobility over the next decade, but many uncertainties persist. What will the passenger experience be? How to make advanced air mobility more accessible to the average consumer? What can we do to help reduce our carbon footprint?

To better understand the road ahead, we recently met with McKinsey partners Robin Riedel and Shivika Sahdev, who are helping us lead our work in the area of ​​advanced air mobility. Learn more about their views here.


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Workhorse Group Suspends Deliveries of Flagship Electric Pickup, Shares Fall https://www.taxis4smartcities.org/workhorse-group-suspends-deliveries-of-flagship-electric-pickup-shares-fall/ https://www.taxis4smartcities.org/workhorse-group-suspends-deliveries-of-flagship-electric-pickup-shares-fall/#respond Wed, 22 Sep 2021 14:29:00 +0000 https://www.taxis4smartcities.org/workhorse-group-suspends-deliveries-of-flagship-electric-pickup-shares-fall/ September 22 (Reuters) – Electric vehicle company Workhorse Group (WKHS.O) on Wednesday announced it would suspend deliveries of its flagship C-1000 electric van, saying more tests and modifications were needed to ensure that it complies with regulatory standards. Workhorse shares plunged about 14% to a more than a year low at $ 7.05, as the […]]]>

September 22 (Reuters) – Electric vehicle company Workhorse Group (WKHS.O) on Wednesday announced it would suspend deliveries of its flagship C-1000 electric van, saying more tests and modifications were needed to ensure that it complies with regulatory standards.

Workhorse shares plunged about 14% to a more than a year low at $ 7.05, as the company also said it would recall the 41 pickup trucks it had previously delivered, even though it had not received any reports of security issues from customers.

The suspension and recall add to Workhorse’s woes as it is reportedly under investigation by the United States Securities and Exchange Commission, according to a letter from the regulator released by a short seller this month. Read more

The Ohio-based company said its new management team has concluded that changes are needed to certify C-1000 vehicles to Federal Motor Vehicle Safety Standards (FMVSS).

The company plans to complete testing of the C-1000 in the fourth quarter. The pickup truck has a range of 100 miles and is powered by a 70 kilowatt-hour battery.

Workhorse added that he had informed the National Highway Traffic Safety Administration of the need for changes and said his previous statements regarding the pickup’s compliance with agency standards could not be relied on.

Last week, the electric vehicle maker voluntarily dismissed its legal challenge to a US Postal Service (USPS) decision to award Oshkosh (OSK.N) a multibillion-dollar contract for delivery vehicles.

Reporting by Akanksha Rana and Abhijith Ganapavaram in Bengaluru; Editing by Maju Samuel and Amy Caren Daniel

Our Standards: Thomson Reuters Trust Principles.


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At least 8 injured in knife fight, car crash outside Co-Op City school https://www.taxis4smartcities.org/at-least-8-injured-in-knife-fight-car-crash-outside-co-op-city-school/ https://www.taxis4smartcities.org/at-least-8-injured-in-knife-fight-car-crash-outside-co-op-city-school/#respond Tue, 21 Sep 2021 20:48:45 +0000 https://www.taxis4smartcities.org/at-least-8-injured-in-knife-fight-car-crash-outside-co-op-city-school/ CO-OP CITY, Bronx (WABC) – At least eight people were injured outside a school in the Bronx on Tuesday in a series of bizarre events involving a car crash and a knife fight. This happened around 2:30 p.m. in front of Harry S. Truman High School on Baychester Avenue in Co-Op City. Police said the […]]]>
CO-OP CITY, Bronx (WABC) – At least eight people were injured outside a school in the Bronx on Tuesday in a series of bizarre events involving a car crash and a knife fight.

This happened around 2:30 p.m. in front of Harry S. Truman High School on Baychester Avenue in Co-Op City.

Police said the preliminary investigation found that a group of men inside a 2005 BMW SUV had a verbal argument with another group of men standing outside the school.

They say one of the group on the sidewalk stabbed or slashed a 17-year-old man who was in the passenger seat of the BMW.

TOP NEWS | The manhunt resumes in Florida for Brian Laundrie; Gabby Petito autopsy scheduled

He got out of the vehicle and took refuge inside the school, while the driver of the BMW attempted to hit the group on the sidewalk with his vehicle.

While doing so, he collided with a 2007 Chrysler PT Cruiser which was double parked, which was then at least one pedestrian.

The driver of the Chrysler remained at the scene and was among those injured in the incident.

The driver of the BMW got out of the car and fled.

“He turns his car, comes over here, I thought he was going to stop because he saw my car was double parked,” said a woman in the PT Cruiser. “He didn’t. He just crashed into the car, trying to hit the kids. Then he backs up, goes over there, trying to get away but I think something happened with his car. He came out. They were fighting … He was standing here and he said, “It’s me, it’s me, I understand, I understand”, but no one paid attention to him. ‘ran away there, and that’s the last time I saw him. “

Officers on arrival found the 17-year-old with a chest laceration and seven to eight other people with minor injuries.

READ ALSO | Exclusive: Asian man feared for his life in road rage attack on the Cross Bronx freeway

EMS transported the 17-year-old to NYC Health and Hospitals / Jacobi in stable condition.

The rest of the injured were taken to hospitals in the region in stable condition.

A knife was found there.

There were no arrests and the investigation is ongoing.

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MACC fires auto construction company GM in transplant investigation https://www.taxis4smartcities.org/macc-fires-auto-construction-company-gm-in-transplant-investigation/ https://www.taxis4smartcities.org/macc-fires-auto-construction-company-gm-in-transplant-investigation/#respond Tue, 21 Sep 2021 06:39:00 +0000 https://www.taxis4smartcities.org/macc-fires-auto-construction-company-gm-in-transplant-investigation/ PUTRAJAYA: General manager of car manufacturing company remanded in custody for six days as corruption investigators investigate allegations he accepted bribes amounting to several hundred thousands of ringgits. The suspect’s pre-trial detention order came into effect on Tuesday, September 21 after Magistrate Shah Wira Abdul Halim granted a request from the Malaysian Anti-Corruption Commission (MACC) […]]]>

PUTRAJAYA: General manager of car manufacturing company remanded in custody for six days as corruption investigators investigate allegations he accepted bribes amounting to several hundred thousands of ringgits.

The suspect’s pre-trial detention order came into effect on Tuesday, September 21 after Magistrate Shah Wira Abdul Halim granted a request from the Malaysian Anti-Corruption Commission (MACC) which went to court.

Sources say the man is under investigation for allegedly receiving money from a used car dealership.

It is learned that the “reward” was due to the fact that he had used his position to help the used car dealer obtain cars from the suspect’s company.

The cars were reportedly sold below market price and without following the proper procedure.

Sources said that the initial investigation revealed that this activity started in 2019 and that the unapproved sales process caused losses amounting to millions of ringgits through the sale of around 1,000 units of cars which had been sold at a price below the market price.

It is learned that the cars involved were pre-production cars that were to be used in the manufacturing facility for testing and quality control purposes before the model was actually made for the market.


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How car rentals explain the 2021 economy https://www.taxis4smartcities.org/how-car-rentals-explain-the-2021-economy/ https://www.taxis4smartcities.org/how-car-rentals-explain-the-2021-economy/#respond Mon, 20 Sep 2021 19:36:44 +0000 https://www.taxis4smartcities.org/how-car-rentals-explain-the-2021-economy/ Few markets better crystallize the upside-down nature of the U.S. economy during the pandemic than the rental car industry. The industry shows how the economic decisions made in 2020 continue to have serious implications in 2021. While most other industries have experienced less severe fluctuations, the same basic dynamics apply. This dynamic explains why inflation […]]]>

Few markets better crystallize the upside-down nature of the U.S. economy during the pandemic than the rental car industry.

The industry shows how the economic decisions made in 2020 continue to have serious implications in 2021. While most other industries have experienced less severe fluctuations, the same basic dynamics apply. This dynamic explains why inflation and commodity shortages increased earlier in the year – and why they are are starting to decline but are not yet close to pre-pandemic norms.

In the spring and summer of 2020, the industry was in a state of collapse as people stopped traveling. With a glut of cars – a supply of rentals much higher than demand – prices have plummeted; the big car rental companies have sold hundreds of thousands of vehicles; and Hertz went bankrupt.

The price of renting a car or truck was 23% lower in May 2020 than it was before the start of the pandemic.

Fast forward a year, and millions of vaccines later, and Americans were ready to travel again – but the rental car industry was stuck with its shrinking fleets. And it faced challenges in quickly rebuilding those fleets, as automakers faced their own supply constraints due to production cuts in 2020.

In the second quarter of this year, for example, the combined fleet of Hertz and Avis, the two largest car rental companies that report publicly, was 312,000 cars smaller than in the second quarter of 2019, a decrease by 30%. (Enterprise Holdings is larger than either, but is privately held).

“In the spring of 2020, no one really knew what to expect,” said Neil Abrams, president of Abrams Consulting Group and former Hertz executive. “In my 45 years in this industry, no one has ever seen anything like it. I’ve seen cycles, recessions, peaks and troughs, but nothing like it. The guys who had to make the big strategic decisions really had no precedent.

But ultimately, “demand came back a lot faster than I think anyone expected, especially on the leisure side,” he said.

With demand rising sharply and the supply of cars still depressed, car rental companies have raised their prices. At the height of June 19 of this year, the average rental car price excluding taxes and fees was $ 123 per day, according to the Hopper transport app, down from less than $ 50 at the start of the year.

But high prices have a funny way of being set, at least to some extent. Those who are considering renting will play around with different modes of transportation if rental cars become very expensive. Some may decide to optimize their route by using a mix of Uber or public transit to get around. Others may turn to alternatives like Turo or even U-Haul for a car.

This is especially true for leisure travelers, who tend to be more price sensitive than business travelers.

“If people can’t afford it, they will adapt,” said Ani Malkani, ground transportation manager at Hopper. “Money is not infinite; you have to make decisions based on the money you have.

The calculation consumers make for their vacations could be the relief valve of back pressure on prices.

Meanwhile, the arrival of the Delta variant may have curtailed some planned trips, especially business trips, reducing demand. And the end of the busy summer travel season and the gradual rebuilding of rental car fleets have brought the market back to something closer to its normal balance, albeit slightly closer.

“We’re going down from an altitude of 13,000 feet to 10,000 feet – it’s always extremely expensive time to hire a car,” Hopper’s Mr. Malkani said.

The drop in prices varies widely across the country. Cities that tend to receive a lot of summer travel – like San Diego, Miami, and Tampa, Florida – saw the biggest drops. At the end of June, an average rental in these cities was costing over $ 100 per day. Now they can be purchased for as little as $ 50. Cities like New York, Los Angeles and San Francisco have seen their prices drop by about a third.

On the supply side, automakers have struggled to ramp up production due to chip shortages. Ultimately, rental companies compete with regular drivers for a limited supply of new cars, and new cars are scarce.

Mr. Abrams, the car rental industry consultant, expects some of the changes that have taken place in the industry – including higher prices – to be lasting. Companies are finding the new equilibrium, with higher prices and smaller fleets, to be profitable. And the experience of the pandemic will leave companies reluctant to make themselves vulnerable to bankruptcies such as the one experienced by Hertz. (Hertz found buyers and came out of bankruptcy in early summer.)

“When an industry goes through this kind of trauma, it comes out smarter and more efficient than it was before the trauma,” said Abrams. “The industry has learned to do business in a different way, and I think the customer will get used to this paradigm shift in how cars are leased and how they are billed.”

The history of rental car prices, while unique in its own way, is a vivid example of the dynamics that apply to many other goods. The shortages of 2021 were largely caused by a combination of supply decisions made over a year ago that cannot be reversed, and demand conditions that have returned to normal with a speed that few people were waiting.

The markets are efficient enough to do their job of balancing. When prices get as high as for car rentals in June, it destroys demand. People will find another plan. But just because the prices are moderate doesn’t mean they have to return to their pre-pandemic level, and some of the changes that have taken place can be surprisingly long-lasting.


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