| Investors See Travelers’ Cuts in Auto as Sign Rate Hikes Have Peaked |
Jul 30th, 2013 |
Travelers Cos.. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing. The company’s shares fell 4 percent by midday and shares of other insurers also fell. ';The concern is that Travelers was among the leaders pushing price increases, and now they are talking about lowering ...
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| Travelers Q2 Profit Climbs 85 to $925M Auto Unit Layoffs Planned |
Jul 30th, 2013 |
The Travelers Companies today reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million net income posted a year ago. The insurer credited lower catastrophe losses and continued improvement in underlying underwriting margins. The net income for the first six months of 2013 came in at $1.821 billion, up 40 percent from $1.305 billion a year ago. ...
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| General Motors and Deloitte Touche in $303 million securities class action |
Jul 30th, 2013 |
A securities class action brought against General Motors (GM) by German’s DekaBank has led to a cash settlement of $277 million. In one of the biggest shareholder recoveries of 2008, the settlement will be paid to shareholders following an alleged misstatement of the auto company’s financials dating back to 2000. GM’s outside auditor, Deloitte & Touche, is ...
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| Consumer Federation of America Leaders Confront Flawed Auto Rule Analysis Poll |
Jul 30th, 2013 |
Dramatic Shift To Fuel Efficient Vehicles Began In 2005 New Auto Sales Analysis Reveals Market Reality Missed by Automakers & NHTSA Resulting Rule and Enviro Impact Analysis Flawed New Consumer Poll Shows Greater Demand for Fuel Economy than Available WASHINGTON - August 4 - The Consumer Federation of America (CFA) released an analysis of the impact of fuel economy on auto sales ...
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| 2014 BMW M6 Gran Coupe Review |
Jul 30th, 2013 |
The 2014 BMW M6 Gran Coupe combines the elegance of the brand's coupelike sedan style-leader with the aggressive nature of an M car. It's really a sedan, but the car draws its name from the rear roofline. "Don't be sad that there is no M7, because in my mind we have one," says Albert ...
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| 23 cars Americans love most |
Jul 30th, 2013 |
The Volt, Really? I suppose the people who have them, might love them, but they must be a small number. I've seen two. Hardly makes this a car, Americans love. Lets try, Civics, Ford Focus, Kia Soul, and Charger. I see these ...
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| 2014 Mercedes-Benz E-Class Review |
Jul 30th, 2013 |
Mercedes-Benz E-Class coupe and cabriolet aim to combine a luxury grand tourer with high-end performance. The E550 in particular packs quite a wallop, with all the speed you could want on tap and Sport settings for the transmission and suspension to help you make the most of it. Everyday driving scenarios expose some of the E-Class' flaws, though, keeping it just outside the ranks of the ...
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| 2014 Kia Cadenza First drive review |
Jul 30th, 2013 |
With the 2014 Cadenza, Kia enters the premium sedan segment, and even pushes into luxury territory with the sedan's sharp styling and ample amenities. Competing automakers -- ...
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| Used cars 14 tips to avoid a lemon |
Jul 30th, 2013 |
Register on forums for the particular model you're considering and ask forum members what things to check - they will be a wealth of information about potential problem areas...You may even be able to find the model for which you're looking on a forum for sale. Generally, cars owned by forum members indicate an above-average interest by their owners, and may have been better ...
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| 20 great second vehicles |
Jul 30th, 2013 |
Great list.....almost. The Volvo XC90 MUST be a 5 cylinder model. The T6 (6 cylinder) has a nearly 100% failure rate on the transmission. And that's a $4500 transmission. The 5 cylinder models are excellent. And the Mini Cooper should be a base model with a stick shift. The S models have head gasket problems and all of the automatic transmission models are prone to expensive failure. ...
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