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Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

In order to reach this out-of-touch conclusion, the killjoys at Investopedia start with an assumption that one should limit their transportation expenses to 10 percent of an annual salary, including insurance, fuel, maintenance, and the car payment itself. If I made $100,000 per year, I sure wouldn’t be tooling around in a 2016 Equinox.

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

Green Car Congress

The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016. million over ten years.

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DiDi completes >US$500M fundraising round for autonomous driving subsidiary; led by SoftBank Vision Fund 2

Green Car Congress

DiDi first began to develop and test autonomous driving vehicles in 2016. In August 2019, DiDi upgraded its autonomous driving unit into an independent company. This is the first time for DiDi’s autonomous driving business to bring in external funding since its establishment.

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Porsche and UP.Labs to build startups tailored for Porsche’s business

Green Car Congress

For example, these could involve predictive maintenance, supply chain transparency or digital retail. —Lutz Meschke, Deputy Chairman of the Executive Board of Porsche AG and Member of the Executive Board for Finance and IT. The startups’ focus will revolve around Porsche’s core activities.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

Green Car Congress

President Barack Obama’s 2016 Budget requests $29.9 The FY 2016 DOE Budget Request represents a 9% increase ($2.5 The FY 2016 DOE Budget Request represents a 9% increase ($2.5 billion, the FY 2016 Budget requests $4.8 billion, the FY 2016 Budget Request provides $5.34 billion for the US Department of Energy (DOE).

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GM sells 3 million vehicles in China in a single year for the first time

Green Car Congress

Its Shanghai OnStar joint venture is the leading provider of safety, maintenance and telematics services in China, while its GMAC-SAIC joint venture is the automotive financing leader. In order to keep up its momentum, GM’s joint ventures are investing about $11 billion in vehicles, facilities and people through 2016.

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

Green Car Congress

DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018. Xiaoju Automobile Solutions?XAS?was With the support of policymakers, China is accelerating its systemic transition to new energy vehicles.