Auto Insurance News Archive for May, 2013

  • Leading Auto Makers Drive Oklahoma Tornado Relief, Donating Vehicles, Money and Supplies

    by Richard Burton
    Leading Auto Makers Drive Oklahoma Tornado Relief, Donating Vehicles, Money and Supplies

    Followed by the tremendous destruction that the city of Oklahoma witnessed last week, people need a lot of help and support in the months to come. With the focus to drive the tornado relief effort in Oklahoma, several leading automakers across the world have come up front to donate vehicles, money and necessary supplies to aid in the rebuilding and recovery process in the coming months. Top auto manufacturers such as Ford, General Motors, Toyota, Volkswagen, Honda, and Chrysler have stepped forward to support the residents in Oklahoma to recover from the significant destruction and loss that they met last week.

  • Auto Sales in United States is Expected to Rebound this Month from an April Slowdown

    by Richard Burton
    Auto Sales in United States is Expected to Rebound this Month from an April Slowdown

    According to forecasters, U.S auto sales for the month of May are expected to bounce back after a ‘slowdown’ in April. This, according to forecasters, will dramatically ease the apprehension of yet another “spring collapse.” Full sized pickups will witness strong sales, driving the market yet again as the real estate industry continues to bounce back after a dwindling scenario. “Surprising” dip in the month of April was a real worry to the automakers because the early three years witnessed strong sales in the first quarter, only followed by swooning spring.

  • Carlos Munoz Blazes a Trail at Indianapolis 500

    by Richard Burton
    Carlos Munoz Blazes a Trail at Indianapolis 500

    Practice speeds from Indianapolis 500 never gained as much attention as the new kid on the block Carlos Munoz. This twenty one year old youngster from Columbia kept the onlookers in throes with his 223.023mph run, which was the fastest lap among the Sunday bunch. His vehicle was the fifth in line at Andretti Autosport. Driver for Michel Andretti kept exchanging their position but ultimately Munoz won the laurels due to his trail blazing run.

  • Tesla Electric Car Defies Logic to Win a Market Chunk

    by Richard Burton
    Tesla Electric Car Defies Logic to Win a Market Chunk

    Working against the trends S Sedan model from Tesla stables helped make unprecedented profits for this California carmaker. The huge profits have surprised even the company, which had not considered such a huge success for its electric car. Their $11.2 million profits have effectively shut the mouth of skeptics who were predicting demise of the concept even before it got on the floors. While Elon Musk, the Tesla founder was keeping an optimistic expectation, the news of record sales in electric car segment has come as a pleasurable surprise on all counts.