Trump’s Auto Tariffs May Trigger U.S. Recession
As Trump continues to escalate his fight against foreign-made cars, some experts think the US will move closer to another recession.
Prices of cars will go up, and sales could go down since the profit margins are already thin in the auto industry.
Some of Trump’s other trade policies have also hurt the auto industry. His tariffs on steel and aluminum cost GM and Ford about $1 billion each, and Fiat Chrysler around $500 million.
If tariffs escalate to the 25 percent cap Trump proposed, it could cost General Motors (GM) $6.3 billion, Fiat Chrysler Automobiles (FCA) $4.8 billion, and Ford $3.3 billion, according to a Deutsche Bank estimate.
Read the article at The Verge.
Faster and Smarter: The Next Generation in Mobility
New tools are disrupting the fleet industry to deliver a faster, easier, more intuitive payment experience to drivers
By Bernie Kavanagh, SVP and GM, Large Fleet, WEX, Inc.
As mobile payment technology continues to mature and security solutions come to the rescue of any outstanding consumer security concerns, it’s conceivable that most consumers will soon pick up their smartphones to make the majority of their purchases.
With that behavior taking shape, it’s likely that B2B payers will soon expect their B2B payments to be made as effortlessly.
This is certainly true in the fleet management industry, which is expected to undergo explosive growth and change in the next four to five years.
Rivian R1T Electric Pickup Truck – A Well Suited Commercial Fleet Vehicle
Auto industry analysts see luxury electric vehicle-maker, Rivian's new R1T electric pickup as an addition to commercial fleets.
It is capable of serious work in nearly any industry currently utilizing trucks for business purposes in company fleets.
“EV pickups may best be suited for commercial fleets, such as those owned by energy companies,” Michelle Krebs, executive analyst for Autotrader. “Fleets operating in clearly defined areas, such as metro Detroit, could be ideal. Short distances and a good charging infrastructure might also make EV pickups practical for construction and mining companies.”
Read the article at Teslarati.
A Keen Focus on Customer Experience
The CEI Group is keenly focused on creating excellent customer experience and driver experience programs - frequently resulting in significant savings.
Europe Lags US In Defining Fleet Accident Costs
A recent study of total economic costs in Europe found wide variations, in part due to differing definitions, methods and data sets.
By Andrew Boada, Editor at Large
Building a business case for new fleet safety initiatives hinges on a single piece of data: the cost of the average crash to employers. In the U.S., fleet managers have a ready-made number: as of 2015, it’s $24,057. But what about the rest of the world?
