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

The Truth About Cars

Springing for luxury items just isn’t in the cards for most of us, despite the lavish recompense* deigned upon us by our corporate overlords in Downtown Canada. Setting some variables in this equation, they propose a monthly insurance rate of $147, fuel costs of $260 per month, and maintenance pegged at $95.50 for a car payment.

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Penske Truck Leasing joins CharIN to promote electric commercial vehicle charging standards

Green Car Congress

The interoperability of vehicle charging stations over the road is essential for commercial fleet uptime, efficiency, maintenance, and general ease of use for the industry. headquartered in Reading, Pennsylvania, is a partnership of Penske Corporation, Penske Automotive Group and Mitsui & Co., Penske Truck Leasing Co., CharIN e.V)

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Microsoft joins Baidu Apollo project to advance autonomous driving; global Azure cloud support

Green Car Congress

—,Kevin Dallas, corporate vice president, Microsoft. Companies such as BMW, Ford, Renault-Nissan, Toyota and Volvo are all using or have announced plans to adopt Microsoft’s intelligent cloud technology to help with services like driver assist, predictive maintenance and voice-controlled media.

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UMTRI study finds total cost of ownership of diesels in US often much less than gasoline counterparts

Green Car Congress

Although the combined costs of insurance, repairs, maintenance and fees and taxes, are higher for nearly all diesel models, the lower depreciation values and lower fuel costs of diesel vehicles contribute to a lower total cost of ownership—especially among passenger cars and SUVs.

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What is Fleet Electrification?

Driivz

Major car manufacturers such as BMW, Daimler and Honda anticipate EVs will make up between 50% to 100% of their sales in upcoming years. 15 million EVs are expected to be part of corporate fleets in the US by 2040. Some 699,708 new passenger plug-in electric cars were registered in May 2022 , which is 55% more than a year ago.

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BMW i Ventures invests in blockchain company Vendia’s Series B

Green Car Congress

BMW i Ventures has invested in Vendia ’s $30-million Series B funding round after having invested in Vendia’s Series A in 2021. The funding also includes additional investment from Neotribe Ventures, Aspenwood Ventures, Sorenson Capital, Canvas Ventures, in addition to the investment from BMW iVentures.

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Update: 10 Best Car Sharing Programs

Clean Fleet Report

During the pandemic operations were shut down and it is now more focused on on corporate programs. Its car share program, Hertz on Demand, launched in December 2008 and grew to more than 1,000 vehicles, 85,000 members and more than 500 locations worldwide, including corporate fleets, airports, hotels, utilities, government, and universities.

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