Charleston Business Daily - Automotive News

Automotive News

Volt price at $41,000, Chevrolet says Wednesday, July 28, 2010 @ 12:08AMFactoring in a $7,500 federal tax credit for electric vehicle buyers, and a bold lease offer, Chevrolet priced its Volt only a little above the first generation of gasoline-electric hybrids.
Headlines Wednesday, July 28, 2010 @ 12:07AMFord boosted its offering of bonds backed by auto loans to $1.39 billion from $1.08 billion, according to a person familiar with the transaction. The top-rated portion maturing in about a year will yield 12 basis points more than the benchmark interest rate, said the person, who declined to be identified because terms aren't set.
Government/Regulations: Related News Wednesday, July 28, 2010 @ 12:05AM7/28/2010 - LCFS Will Impact Truck Operability, Fuel Prices, ATA Says A low carbon fuel standard (LCFS) will not reduce carbon emissions, but will increase the price of diesel fuel, adversely impact truck operability and erode U.S. energy security, said Bill Graves, president and CEO of the American Trucking Associations, in a letter sent to Senators....
European Stock-Index Futures Rise; Peugeot, Air France Shares May Advance Tuesday, July 27, 2010 @ 11:59PMEuropean stock-index futures rose, indicating the Stoxx Europe 600 Index will gain for a seventh day, as earnings from PSA Peugeot Citroen to Air France-KLM Group exceeded estimates. Asian shares and U.S. futures climbed.
BUSINESS WIRE: Capgemini Renews Two Outsourcing Contracts with General Motors Tuesday, July 27, 2010 @ 11:54PMMITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS BERICHTENDE UNTERNEHMEN VERANTWORTLICH.
ArcelorMittal SAfrica in H1 profit, Q3 profit to drop Tuesday, July 27, 2010 @ 11:44PMArcelorMittal SAfrica in H1 profit, Q3 profit to dropArcelorMittal SAfrica in H1 profit, Q3 profit to drop
Australia, U.S. name finalists in worldwide robotics competition Tuesday, July 27, 2010 @ 11:40PMU.S. ARMY DETROIT ARSENAL, Mich. | Six high-tech science and technology teams from four continents have been named finalists in the inaugural Multi Autonomous Ground-Robotic International Challenge...
OMRON Corporation Reports Fiscal 2010 First Quarter Consolidated Performance Tuesday, July 27, 2010 @ 11:37PMTOKYO, Japan----OMRON Corporation today reported its consolidated financial results for the first quarter of fiscal 2010, ending March 31, 2011.
Automotive equipment stolen from South Union Street garage Tuesday, July 27, 2010 @ 11:35PMAutomotive equipment valued at $7,500 was reported stolen.
Plans approved for closed service station Tuesday, July 27, 2010 @ 11:32PMAn overhaul of the Sunoco gas station at 890 E. Street Road has been approved by Warminster supervisors. The station, which has been there for about 25 years, has been closed for the past year.
GM Volt's price induces some sticker shock Tuesday, July 27, 2010 @ 6:36PMThe long-anticipated Chevrolet Volt, General Motors' electric car, will cost $41,000, the company announced Tuesday, leaving consumers to decide whether its environmental appeal is worth a price far above that of similarly sized conventional autos.
Former NFL owner to lead U.S. F1 project Tuesday, July 27, 2010 @ 6:35PMDALLAS (Reuters) - Red McCombs, a former owner of the NFL Minnesota Vikings and NBA San Antonio Spurs and Denver Nuggets, was introduced on Tuesday as the key investor behind a project to bring Formula One back to the United States.
Living wage or living hell? Tuesday, July 27, 2010 @ 6:25PMBill 'imperils' shopping center plan, developer's lawyer says The City Council's living wage bill and a developer's plan to build a shopping center in Remington may be on a fatal collision course. If the wage bill lives, the $65 million development may die. "Frankly, it imperils the future of the project,"...
N.B. moves to strengthen utility board Tuesday, July 27, 2010 @ 6:24PMThe New Brunswick government has laid out a series of reforms designed to strengthen the province's Energy and Utilities Board.
Former NFL owner to lead U.S. F1 project investment Tuesday, July 27, 2010 @ 6:20PMDALLAS, Jul 27 (Reuters) Red McCombs, a former owner of the NFL Minnesota Vikings and NBA San Antonio Spurs and Denver Nuggets, was introduced today as the key investor behind a project to bring Formula One back to the United States.
UPS Digs Deep into Footprint, Sets High Goals for Fuel Efficiency Tuesday, July 27, 2010 @ 6:10PMATLANTA, GA — United Parcel Service decreased energy and water use as well as its greenhouse gas emissions last year in the U.S., prompting the company to set a new goal of 20 percent improvement in automotive fuel efficiency by 2020.
Auto show envisioned for Elk Grove Tuesday, July 27, 2010 @ 6:09PMBob Gluck, who led a serious attempt to move the Towe Auto Museum to Elk Grove when the facility was in danger of not having its lease renewed, is now embarking on a new mission.
Racecar making a difference for local students Tuesday, July 27, 2010 @ 6:00PMTUCSON - One Tucson High school teacher is taking his passion for cars and helping to keep some of his students on the right track. Wes Marsh is encouraging Pueblo High School students to join his automotive club and learn more than just how to build cars.
Ford unveils fuel-efficient Explorer Tuesday, July 27, 2010 @ 5:53PMWhen Ford starts selling its re-engineered Explorer sport utility vehicle, it will ask buyers to do something unusual: Pay more for less.
GM says goodbye to Windsor Tuesday, July 27, 2010 @ 5:47PMWhile the plant’s closure was announced more than two years ago during the 2008 round of CAW-GM contract talks, the future is “scary” for a lot of workers
Ford Q2 Profit Rises, Tops View; Sees Solid Results In H2 - Update Friday, July 23, 2010 @ 7:21AMAutomaker Ford Motor Co. reported Friday a higher profit in its second quarter, reflecting strong automotive revenue growth, mainly in North America. On an adjusted basis, results turned around from last year, and significantly surpassed market projections. Further, the Dearborn, Michigan-based company said it expects solid financial results in the second half.
Auto recovery lifts Johnson Controls 3Q net income Friday, July 23, 2010 @ 7:21AMA recovery in car and truck production helped Johnson Controls Inc. more than double its net income in the fiscal third quarter, the maker of automotive batteries and building climate-control systems said Friday.
Crunch time for Europe's banking credibility Friday, July 23, 2010 @ 7:17AMEurope's attempt to restore confidence in its banks comes to a head on Friday with widespread expectation that up to 10 lenders will fail the exam and have to raise capital
Automotive Axles Friday, July 23, 2010 @ 7:16AMPerformance highlights by Angel Broking Automotive Axles (AAL) posted excellent results for 3QSY2010. While top-line growth was above over estimates (largely volume driven), earnings beat our estimates driven by better operating leverage.
Standard Life hits out at Tomkins bid Friday, July 23, 2010 @ 7:16AMLONDON (SHARECAST) - Pensions group Standard Life, which has shares in Tomkins , has rejected a recent offer for the engineering and manufacturing group from a Canadian private equity firm.
Auto recovery lifts Johnson Controls 3Q net income Friday, July 23, 2010 @ 7:15AMA recovery in car and truck production helped Johnson Control Inc. more than double its net income in the fiscal third quarter, the maker of automotive batteries and building climate-control systems said Friday.
Ford profit tops Street view; shares climb Friday, July 23, 2010 @ 7:03AMFord Motor Co F.N posted a stronger-than-expected quarterly profit of $2.6 billion and said it was on track for higher earnings and lower debt in 2011, sending its shares up 3 percent in premarket trade.
Harry Winston ups stake in Diavik mine in $220-million deal Friday, July 23, 2010 @ 7:02AMHarry Winston Diamond Corp. has struck a $220-million deal with Kinross Gold Corp. to buy a 9% stake in the Diavik mining venture in the Northwest Territories
McDonald's same-store sales disappoint Friday, July 23, 2010 @ 7:02AMMcDonald's Corp reported weaker-than expected sales at established restaurants for its second quarter and the month of June, and its shares fell 1.5% McDonald's Corp reported weaker-than expected sales at established restaurants for its second quarter and the month of June, and its shares fell 1.5%
Union Pacific Railroad Named by National Business Group on Health as 2010 Best Employers for Healthy Lifestyles Winner Friday, July 23, 2010 @ 7:02AMOMAHA, Neb.----Union Pacific Railroad has been named one of the 2010 Best Employers for Healthy Lifestyles award winners from the National Business Group on Health . Union Pacific is one of just 16 companies to earn platinum level status and is the only railroad or transportation company among the 66 employers recognized by the NBGH.
DGAP-Adhoc: Leoni AG: Leoni raises 2010 sales and earnings forecasts significantly Thursday, July 22, 2010 @ 11:23PMDissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
Car loan approvals on the increase Thursday, July 22, 2010 @ 11:21PMDES MOINES, IOWA — It's getting easier to get a car loan.
It's the sweet life for bakery owner Thursday, July 22, 2010 @ 11:15PMSHENANDOAH - Life has turned pretty sweet for Josie Soverns of Shenandoah, owner of Josie's Cake and Bake at 602 South Fremont in Shenandoah.
Asian markets extend gains Thursday, July 22, 2010 @ 11:14PMKUALA LUMPUR: Asian markets, buoyed by some of the US earnings reports, advanced on Friday, July 23 ahead of the European bank stress results scheduled for later in the day. Results of the tests on 91 European lenders are eagerly awaited by markets whose scepticism about the sector has driven up funding costs and weighed on share prices since Greece's debt crisis triggered fears that the euro ...
Volkswagen Golf doubles as cattle carrier Thursday, July 22, 2010 @ 11:13PMIrish police have lately been hot on the heels of one Prawo Jazdy, notorious scofflaw and dastardly driver, and they've finally caught their man. Well, sort of.
Tenneco employee and family faced with tough decision Thursday, July 22, 2010 @ 11:12PMCOZAD - Dean and Sheryl Wheaton of Cozad thought they would have another year with their son, Daniel, before sending him off to college.
Luxury cars drive jump in UK production Thursday, July 22, 2010 @ 11:05PMThe number of cars produced in the UK rose 28.6pc in June compared to a year earlier driven by overseas demand for luxury British vehicles.
Drivers to be warned of oncoming trains Thursday, July 22, 2010 @ 10:58PMWireless technology to warn cars at level crossings of oncoming trains - potentially eliminating collisions and saving lives - could be ready to roll out in three years, researchers say.
Hot days, cool rides Thursday, July 22, 2010 @ 10:54PMEnglewood-based company 3R Automotive/K-PAX Racing will be at the Waterton Tavern in Roxborough from 11 a.m. to 6 p.m. July 31 to display some of its hottest rides.
25 years of BMW M-powerment Thursday, July 22, 2010 @ 10:46PMWhen BMW whipped the covers off the original E30 M3 a quarter-century ago it could scarcely have imagined the automotive legend it was about to create. Johannesburg correspondent DENIS DROPPA has been driving some special machines.
National Instruments expands operations with Egypt office Sunday, July 11, 2010 @ 11:58PM11 July 2010 CAIRO: Little known US-based National Instruments (NI) expand its Egypt operations by opening an office in Cairo by the end of the year, officials said at a conference last week.
TNB To Invest RM120 Million On New Vehicles Sunday, July 11, 2010 @ 11:54PMKUALA LUMPUR, July 12 (Bernama) -- Tenaga Nasional Bhd (TNB) is investing more than RM120 million to replace its fleet of 1,720 ageing vehicles over three years.
TNB to invest RM120m on new fleet Sunday, July 11, 2010 @ 11:38PMTenaga Nasional Bhd (TNB) is investing more than RM120 million to replace its fleet of 1,720 ageing vehicles over three years. President and Chief Executive Officer, Datuk Seri Che Khalib Mohamad Noh said all problem trucks would be sold. The replacement exercise he added, would be undertaken in three phases. TNB has as of now, replaced 521 vehicles at an investment of about RM50 million. Che ...
TNB to invest RM120m on new fleet Sunday, July 11, 2010 @ 11:38PMTenaga Nasional Bhd (TNB) is investing more than RM120 million to replace its fleet of 1,720 ageing vehicles over three years. President and Chief Executive Officer, Datuk Seri Che Khalib Mohamad Noh said all problem trucks would be sold.
Federal Prison Camp Honors Employees Sunday, July 11, 2010 @ 11:24PMWarden Jordan R. Hollingsworth announced the following awards on June 10, 2010, at the Federal Prison Camp in Yankton, South Dakota.
Lawmakers' discussion renews public focus on public plans Sunday, July 11, 2010 @ 11:22PMGov. Jay Nixon called Missouri lawmakers back to Jefferson City this summer mainly to do two things -- pass a law providing up to $15 million a year in tax-break benefits to automotive manufacturing companies who upgrade their operations, and approve a second law "modernizing various aspects of the state employee retirement system."
Academic innovation earns Arkansas schools SREB honors Sunday, July 11, 2010 @ 11:19PMHOT SPRINGS — An emphasis on readying students for higher education or the workplace is showing results for an Arkansas community college and a pair of state high schools recognized nationally for academic improvements.
Port Orchard Charging Ahead of Most on Electric Vehicle Technology Sunday, July 11, 2010 @ 11:19PMThe city is working with Nissan, the DOE and a company called Electronic Transportation Engineering to secure a charging station.
It's the sweet life for bakery owner Sunday, July 11, 2010 @ 11:12PMSHENANDOAH - Life has turned pretty sweet for Josie Soverns of Shenandoah, owner of Josie's Cake and Bake at 602 South Fremont in Shenandoah.
Stocking up at Bookstock Sunday, July 11, 2010 @ 10:57PMThere was a double-meaning to this year's "Bookstock" theme for the Hastings Public Library annual book sale.