Pay-as-you-go car sharing programs have seen some tremendous success in the United States, which has prompted some California lawmakers to consider applying the same principle to auto insurance. California’s Department of Insurance has introduced legislation that would allow California residents to pay for car insurance based on miles driven.
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General Motors has long been one of the nation’s largest advertisers, but the Detroit automaker shed 54 sponsorship contracts during its time in Chapter 11 bankruptcy protection. The canceled contracts run from billboards in New York’s Time Square to livestock expos in Texas.
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Former GM Chairman and CEO Rick Wagoner — ousted by President Barack Obama in March — will collect an $8.2 million exit package, plus a $74,030 annual pension, according to a filing Tuesday with the U.S. Securities and Exchange Commission.
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