HONG KONG— A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Hung and Rolls-Royce executives signed the deal Tuesday at the company's Goodwood factory in England.» Read More
Nissan Motor posted a 6.3 percent increase in August U.S. sales from a year earlier, boosted by gains for its flagship Altima sedan, the automaker's U.S. sales chief said on Tuesday.
New vehicles are expected to set records for average gas mileage in 2007, driven by improved technology and demand for fuel-efficient vehicles, the government reported.
PSA Peugeot Citroen, Europe's second-biggest car maker, on Tuesday set a 5.5% to 6% operating profit margin target by 2010 as part of a recovery plan unveiled by its chief executive.
Millions of inventions pass quietly through the U.S. patent office each year. Patent No. 7,033,406 did, too, until energy insiders spotted six words in the filing that sounded like a death knell for the internal combustion engine.
Honda Motor is on track for a 3 percent increase in U.S. sales in 2007, an executive said Friday, but he also called on the Federal Reserve to cut interest rates to boost consumer confidence.
U.S. subprime auto lenders say they do not see a rising wave of defaults, but over the past year they have made a number of moves to burnish the scratches and dents in their loan portfolios.
A few weeks ago, after writing a blog about the success Toyota has been enjoying, I was given a new nickname from a friend who is a retired Ford man who spent his career working in Detroit. He started calling me "Toyota Phil". The way he saw it, I've reported and blogged about Toyota's success so much, I must be the company's #1 fan.
Stocks are winding up for a higher open as traders focus on the Fed Chairman Ben Bernanke's Jackson Hole address and President Bush's expected subprime rescue plan for defaulting homeowners. Bernanke's 10 a.m. speech has been the buzz of global markets for more than a week and it is being watched carefully for any clues on how the Fed might react...
It's "prove it" time again for Cadillac. If you are into luxury cars, you might be thinking to yourself, 'wait, isn't it prove it time every 5 or 6 years for Cadillac?' Well yes, you are right. This time, while Cadillac is not hurting the way it was back in 2000 and 2001, but it is in need of a boost.
U.S. computer company Apple and German automaker Volkswagen are discussing the possibility of building an "iCar" that would feature products by the producer of the ubiquitous iPod personal music player.
The head of Toyota Motor, the world's biggest automaker, said on Thursday he expects further cooperation between truck affiliates Isuzu Motors and Hino Motors to better compete in global markets.
Stocks ended broadly higher as investors were hopeful the Federal Reserve will lower interest rates next month. "You had more people positive today that the Fed is going to cut rates," said Todd Leone, head of listed trading at Cowen & Co. "A lack of bad news is really the main thing moving the markets today -- as long as you don't hear anything negative, the market does OK."
After years of complaints, and clear cut evidence that sport utility vehicles are more prone to flip over in accidents, there is finally good news. Funny thing is, just as suv's become safer, they've lost much of their appeal. The National Highway Traffic Safety administration has given 4 stars to more than half of the SUV's it put through roll-over tests.
Thoughts of a decent rally this week rest largely on the hope that Ben Bernanke will address the slowing economy at his Jackson Hole speech this Friday. They are emphasizing that, since the FOMC meeting August 7th, things HAVE changed, the Fed HAS seen more risk (e.g. they cut the discount rate), and Mr. Bernanke will address those increased risks on Friday.
Car dealership group AutoNation Chief Executive Mike Jackson said Tuesday the U.S. economy is in danger of slipping into a recession unless the Federal Reserve moves aggressively to cut interest rates.
Perhaps more than any other comment, the one I hear the most from readers is "when are we gonna see cars and trucks with better mileage?" Typically those comments are followed by questions about hybrids, diesels, or sometimes even electric models. I bring this up because we are at a crossroads in the auto industry. On Friday, GM showed reporters a new engine it's developing that, in theory, will be 15% more fuel efficient.
If the vagaries of Wall Street are getting you down, do what some of the super-rich are doing: put the top down, hop into your multi-million dollar investment, and take a drive down the California coast. That was the flavor at last week's Pebble Beach Concours d'Elegance, maybe the world's most famous vintage car show. Pebble Beach is open for golf 364 days of the year. It closes once: for this show.
Earlier this week I asked you to vote on whether or not you are putting off a new car, and the number of e-mails and votes on our web poll has prompted me to end this week with the reason why many of you are putting buying a new car or truck. The answers might surprise you.
Stocks futures are meandering on both sides of the unchanged mark after stronger-than-expected durable goods orders and investors now await new home sales data due at 10 am New York time.
You do it, don't you? No, not that "it". The "it" I'm referring to is what I call "drive-texting", where you e-mail or text someone while driving. It's the reason so many of us have become experts (or at least we think we are) when it comes to driving with our knees. Whether it's because we're on our cell phone, fixing our coffee, or putting on make-up, many of us do not pay as much attention as we should when driving.