Study Finds More than the Meter Ticking on Parking Costs

Lost time, wasted fuel and overpaying fees costs motorists billions of dollars a year, according to a report by Inrix Inc. It says drivers waste as much as 44 hours per year searching for parking spots.

Adient Flexes Interior Concept for Autonomous Driving

Adient plc says its “AI18” concept interior can be adapted for a variety of different uses while a vehicle is operating in Level 3 or Level 4 autonomous driving mode.

Daimler to Add EV Parts, Battery Production at German Plant

Daimler AG has reached a deal with union workers at its Mercedes-Benz complex in Untertuerkheim, Germany, to add production of components, including batteries for electric cars.

Hyundai Mobis Touts Tech to Assist Impaired Drivers

Hyundai Mobis Co. says it is developing an autonomous vehicle system that will temporarily take over driving responsibility if it detects a driver is unable to operate the vehicle.

CO2 Emissions in Germany Set to Rise as Diesel Sales Fall

This year the German car market is likely to end a 20-year-long decline in carbon dioxide emissions from new vehicles because of sagging demand for diesels, says importer association VDIK.

McLaren May Supply Carbon Fiber Parts to Other Carmakers

McLaren Technology Group hopes to eventually expand output at the carbon fiber plant its constructing in Sheffield, England, to produce components for other carmakers.

Netherlands Targets Diesel Emissions from Suzuki, Jeep SUVs

Dutch prosecutors are pursuing evidence that certain diesel SUVs made by Fiat Chrysler Automobiles NV and Suzuki Motor Corp. use software to evade emission laws.

Self-Driving Cars May Cut U.S. Insurance Claims 90% by 2050

Equipping cars to drive themselves could slash the frequency of crashes by 90% and reduce annual insurance payouts 71% (about $137 billion per year) by 2050, says KPMG LLP.

UAW Petitions for Union Vote at Nissan Plant in Mississippi

The United Auto Workers union has requested a vote about representing workers at Nissan Motor Co.’s assembly plant in Canton, Miss.

The Chaotic Middle

This 64-page white paper presented by KPMG's insurance task force in June 2017 analyzes the huge impact of autonomous vehicles and on-demand transportation services will have on the U.S. insurance industry.