Extended car warranties will from hereon be something linked to scams. That is perhaps how you can sum it all up when you talk about the celebrated Car Warranty Robo calls, one of the most aggressive telemarketing schemes that has annoyed motorists to date.

The car warranty ‘robo-calls’ warn consumers that their vehicle warranty is about to expire which is said to be one of the most aggressive telemarketing schemes ever known. This scam has been finally put to rest after the FTC lawsuits were served.

Federal regulators have filed lawsuits against all three companies seeking the return of illegal profits, believed to be in the tens of millions of dollars, from the extended warranty telemarketing scams. Identifying the companies as Voice Touch & Network Foundations (FTC File No. 0823263) and Transcontinental Warranty (FTC File No. 0923110) was no easy task since they took extraordinary measures to conceal their identities.

But the damage has been done and from hereon there may be no stopping car owners into fearfully classifying extended car warranties as scams. In short, this has severely punctured the actual use of extended car warranties. On whether these will be corrected and reversed will take time and for sure, a lot of legit companies are praying that it would erase this awful stigma.

(Source) Press

Tags: car owners, car warranty, consumers, extended car warranties, extended warranty, ftc, illegal profits, lawsuits, measures, motorists, network foundations, regulators, robo calls, stigma, telemarketing scams, telemarketing schemes, tens, vehicle warranty

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Volvo has been constantly on the news, mostly catering to the trucks needed in the various sectors of business the past days. Now it announces new proprietary medium-heavy engines slated to come out this 2010. With the weakened demand for trucks, the need to cut cost in getting engines from suppliers is evident. Hence, with an in-house production, the issue of inventory storage cost can be addressed as well as deteriorating quality for trucks distribution.

In his presentation, Mikael Bratt, CFO of the Volvo Group, described the measures being implemented throughout the Group to reduce cost levels and improve cash flow. He also said that the Volvo Group has high liquidity reserves despite the sharp economic downturn, and that the company has an advantageous loan structure with few loans maturing in the next two years. Furthermore, with its global presence, the Group has excellent opportunities for raising loans on the capital market.

This measure is seen as something similar to the cost-cutting measures that most auto companies are undertaking these days. And with Volvo being a reliable brand and yet getting the cheap end of demands, wiser management strategies need to be implemented as well.

(Source) Press

Tags: auto companies, cash flow, economic downturn, global presence, inventory storage, liquidity, loan structure, Loans, management strategies, measures, sectors of business, trucks, Volvo, volvo group

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Here is an appealing way to distinguish the type of car insurance coverage motorists should have. Employing the MyRateSM behavior-based insurance program, the right kind of insurance will be given depending on the type of driver you are. The best part of it is that you will pay lower rates on vehicles that are driven in less risky ways, a big plus for drivers who are low risk.

“MyRate is designed for consistent and safe drivers,” said Richard Hutchinson, Progressive’s MyRate general manager. “It’s for people who drive at low risk times of day and who keep alert for others on the road. They don’t make fast lane changes or follow too closely behind other drivers so they don’t have to over-react or slam on the brakes.”

Drivers who sign up with MyRate receive a device that plugs into a port in their car and measures how, how much and when the car is being driven. Cars driven less often, in less risky ways, and at less risky times will be receiving a lower premium. Also, drivers with more than one car can select which, if any, of their vehicles to enroll in MyRate.

(Source) Press

Tags: brakes, car insurance coverage, Cars, Insurance, insurance program, lane changes, measures, motorists, press car, progressive, richard hutchinson, risky times

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Given a choice, people would rather just get in their car and go to the point of destination that they wish. However there are some measures that people have to consider and this includes safety checks which includes that of your car’s tires. It goes way beyond making sure that they carry the proper tire pressure. You simply have to check them and see if they may cause potential problems along the way.

Especially for busy seasons such as Summer, frequent car use is expected. Motorists are normally advised to have their car checked in its entirety and tires are included in the fray. For sure, checking the tire thread and condition must be religiously done so as to avoid problems that include tire leaks or potential tire blows caused by the usual wear and tear. This includes checking your spare tires to avoid delays and inconveniences to wherever you may be headed to.

“Underinflated tires can increase fuel consumption, costing motorists extra miles per gallon. In addition, they should avoid severely under- or overinflated tires, or those with insufficient tread depth or structural damage.”

(Source) Press

Tags: fuel consumption, leaks, measures, miles per gallon, motorists, proper tire pressure, safety checks, spare tires, tread depth, underinflated tires, wear and tear

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