Japan Is Going In The Right Direction

The Japanese economy continues to be improving nicely. The latest quarterly “Tankan” survey — which measures the state of the economy via surveys of various businesses large and small — is out and it shows that business sentiment is at a 6-year high, surpassing levels right before the Great Financial Crisis. Abenomics continues to look […]

Nissan Titan to get Cummins turbodiesel V8 in 2015

Nissan announced earlier today that its Titan pickup will get a Cummins turbodiesel in the 2015 calendar year. “We will definitely leverage the Cummins brand name,” said Nissan spokesman Dan Bedore. Cummins has been the sole supplier of diesel engines for Chrysler’s Ram pickup since 1989 — and the Cummins name is seen as a […]

Truck sales keep Japanese buoyant in U.S.

Honda market share in the US shrunk by 0.1% despite its vehicle sales jumping 6% from a year ago, as rivals have posted stronger growth helped by sales of light trucks. “Pickups and SUVs are growing in the US market, helping the Detroit-based carmakers… Our light-truck supply was relatively low, but we are introducing a […]

What happened to the auto industry in Detroit.

In the 1960s, the auto companies and their suppliers generated an estimated 300,000 jobs in the city. Now the number has shrunk to less than one-tenth of that. “Detroit’s fate is the result of decades of job flight,” said Thomas J. Sugrue, a professor of history at the University of Pennsylvania and author of a […]

Autopilot technology – the future

LOS ANGELES (Bloomberg) — Tesla Motors CEO Elon Musk has turned to Twitter Inc. to further his goal of developing self-driving cars by posting a “help wanted” ad on the social media site. Musk, who told Bloomberg in May that Tesla would eventually develop its own “autopilot” technology for cars, wrote in a post on […]

Japan’s economy shows recovery signs in boost for Abe

Japan’s economy, the third largest in the world, expanded at its quickest pace in a year, showing signs of an economic recovery. Gross domestic product grew 0.9% in the three months to March compared to the previous quarter, indicating an annualised rate of 3.5%. Japan grew at a rate of 1% at the end of […]

At Shanghai show, Japan automakers woo lost sales

SHANGHAI (AP) — Japanese automakers promised special Chinese designs and green technology in addition to the usual flashy fanfare at this year’s Shanghai Auto Show, trying to woo back sales that crumpled during a territorial dispute over East China Sea islands late last year. China is the world’s biggest auto market by number of vehicles […]

Strong truck demand in March drove U.S. auto sales to their highest monthly total.

DETROIT (AP) — America is getting back to work, and it needs pickup trucks. Strong truck demand in March drove U.S. auto sales to their highest monthly total since August 2007, as everyone from oil and gas producers to local home builders raced to replace the aging trucks they held onto during the recession. Overall […]

Trucking Industry’s Resurgence Continues in 2013

NEW YORK, NY–(Marketwire – Feb 21, 2013) – The Trucking Industry has experienced a resurgence over the past few months. The American Trucking Associations’ advanced seasonally adjusted (SA -1.45%, news) For-Hire Truck Tonnage Index increased 2.9 percent to 125.2 in January, the highest on record. Five Star Equities examines the outlook for companies in the […]

Nissan says Feb China auto sales down 46 percent y/y

(Reuters) – Nissan Motor Co Ltd and its China joint venture sold about 58,200 cars in China in Febuary, down 46 percent from a year earlier, the Japanese automaker said on Monday. That compares with a rise of 22.2 percent rise in January from a year earlier, though figures were skewed because of the timing […]