Study: Emissions Reduction Not Working on Macro Level
Emissions-reducing programs and legislation aren't working at a macro level because few fleets have finances or motivation to "green" trucks, says a recent study. Most small firms can't afford the best compliance technologies, and making those technologies mandatory can put those firms out of business. Any rapid improvements in the sector are likely to happen thanks to the willingness of interested firms.
Ford Only Domestic Brand to Stay in Top 100 Globally
Several foreign automakers remained on the 2008 Top Global Brands list compiled by Interbrand and BusinessWeek magazine. Toyota ranked highest at #6, and Ford was the only domestic automaker to make the list at #49. Maintaining a strong brand is traditionally important to surviving bad economic times and coming out stronger on the other end.
Past Due Auto Loans Spike 11.5% in 2nd Q
Auto loans past due 60 days or more are up 11.5% in the second quarter, versus the same period in 2007, according to TransUnion. The credit reporting agency expects auto debt and the delinquency rate to rise as the economic slowdown widens.
AIG’s Silver Lining
In all of the turmoil in the financial markets, many feared the worst as American International Group struggled to stay in business. The bailout of AIG by the federal government, however, may have positive results. New management at the insurance giant is preparing a list of assets to be sold. AIG may emerge as a leaner, more profitable company. As parts of AIG are sold and spun off, fleet owners may see more competition for insurance rates' return to the marketplace.
