Toyota Auto Insurance said today that the automaker’s branded insurance creation is now available to customers in Texas. Toyota Auto Insurance* offers consumers a flexible policy purchase process via Toyota’s mobile app, call center agents, participating Toyota dealerships and the ToyotaAutoInsurance.com website.
“We’re thrilled to expand Toyota Auto Insurance to customers in our home state,” said Rob Spencer, Toyota Insurance chief operating officer. Toyota of course is not alone. At least 18 automakers have started insurance products based on telematics using connected car capabilities to determine rates.
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BMW Group to Spend $1.7B to Make Electric Vehicles in US
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The BMW Group said today it will make a new investment to expand Plant Spartanburg and increase its US manufacturing footprint.
Group Chairman of the Board of Management, Oliver Zipse said that $1.7 billion will be spent, including $1 billion to prepare for the production of electric vehicles at the company’s existing factory in South Carolina. Furthermore, $700 million will go toward a new high-voltage battery assembly facility in nearby Woodruff, SC. By 2030 BMW Group will build at least six fully electric models in the US. (Autoinformed on: BMW Group Posts Record Revenues, Earnings, Profits for 2021). Continue reading →