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 […]

Driverless trucks debut in Japan

A fleet of driverless trucks made its debut in Japan, staying in formation on the road and demonstrating they can save fuel while they do it. The New Energy and Industrial Technology Development Organization (NEDO), a public research and development group, rolled out four trucks, and only the lead vehicle had a driver. Driverless Cars […]

Japan business mood seen turning positive: BOJ tankan

(Reuters) – Japanese manufacturers’ sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey is likely to show on Monday in a sign recent market turbulence has yet to hurt the feel-good mood created by the government’s reflationary policies. The Bank of Japan’s […]

Japan growth data revision adds to recovery hopes

Japan has revised up its growth numbers for the first three months of the year, adding to hopes of a recovery in the world’s third-largest economy. The economy grew 1% between January and March, compared to the previous three months, indicating an annualised growth of 4.1%, the cabinet office said. That is up from the […]

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 […]

Mitsubishi Fuso Introduces 2014 FUSO Canter

Mitsubishi Fuso Truck of America, Inc. (MFTA) introduced its new 2014 model-year FUSO Canter FE and FG Series commercial medium-duty trucks during the recent NTEA Work Truck Show. All-new options include a Clarion Bluetooth radio, a longer, 169.3 inch wheelbase for the Class 3 Canter FE125, and a side-mounted fuel tank. According to the company, […]

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 […]