Automobile industry
As the United States considers its options for clean and cost-effective energy, the nuclear industry stands at a critical juncture. Representative Brian Bilbray (R-CA) recently sat down with CNBC's SQUAWK BOX to discuss the status of the US nuclear energy industry and the prospects for cars fueled by
Automobile industry
Most Japanese auto assembly plants will remain closed today, despite being outside the hardest-hit regions, due to the devastating earthquake and tsunami that struck on Friday. Automakers are struggling to determine whether they can build and export cars amidst the rolling power blackouts and infrastructure damage. The three major automakers
Automobile industry
China's passenger-car sales growth in February fell to the lowest in over two years due to the government's decision to end vehicle-buying incentives and the timing of a weeklong national holiday. Wholesales of passenger cars, including multipurpose and sport-utility vehicles, increased 2.6 percent from a
Automobile industry
As fuel prices in South Korea hit record highs, consumers are turning to more affordable options such as small cars and hybrid-powered vehicles. According to a government report, domestic sales of these vehicles reached 16,523 units in February, the highest monthly figure in the past decade. This surge in
Automobile industry
The U.S. auto sales recovery continued its upward trajectory in February, with all major car companies reporting significant gains. Led by General Motors Co.'s impressive 49% sales jump, the industry saw a surge in demand for both cars and trucks, driven by a gradually improving economy. However,
Automobile industry
Copper prices jumped on Tuesday, boosted by strong auto sales data from the Detroit big three and a surge in manufacturing activity in the US. The robust auto sales, which showed a double-digit growth in February, have provided a positive indication of copper demand as the metal is widely used
Automobile industry
U.S. regulators have requested and Toyota has agreed to expand a voluntary recall of floor mats that can jam against accelerator pedals, affecting over 2.1 million vehicles in the United States. This move comes as the Justice Department is seeking to force major cigarette makers to run an
Automobile industry
Ford's Fiesta has earned top crash-test ratings in the US, China, and Europe, marking the first car in the subcompact segment to achieve this feat. The 2011 Fiesta is a "top safety pick" in the US, as per the Insurance Institute for Highway Safety. This achievement
Automobile industry
A prominent European car sales showcase on the Gold Coast has found new life as the home of an office furniture business. Office Furniture Trade Centre, connected to local businessman Kevin Chaffey, has taken a 10-year lease with a 10-year option on the majority of the 4421sq m site at
Automobile industry
South Korea's two largest companies, Hyundai Motor Co. and Samsung Electronics Co., are set to sign a deal to develop a car that will enable seamless interaction between the vehicle's tablet computer and cellular phones. The "smart car" will allow automatic connection between the
Automobile industry
Ford Motor Company has announced plans to redeem its $2.98 billion aggregate principal amount of 6.5% junior subordinated convertible debentures, held by Ford Motor Company Capital Trust II, resulting in a $3 billion reduction in automotive debt. This move is expected to lower annualized interest costs by about
Automobile industry
The Super Bowl's most coveted advertising space was touted as the biggest and most expensive showcase for brands to capture attention, with automakers like Chrysler and Volkswagen staking their claim on the spotlight. Chrysler's emotional ad featuring Eminem and Volkswagen's adorable mini-Darth Vader stole
