Improved business sentiment as Japanese yen hits pass 110

Business sentiment in Japan improved in the three months to September, the Bank of Japan’s Tankan survey showed on Wednesday. The headline index for big manufacturers’ sentiment rose to plus 13, above expectations of plus 10 in a Reuters poll and up from plus 12 in the previous quarter. “The big manufacturers index is actually […]

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 […]

Tesla to open 25 new stores in 2013, first Chinese location this spring

Getting yourself into a new Tesla is going to get a little easier in 2013. The company opened 13 stores in 2012, but this year has designs to double that. On the show floor of the North American International Auto Show in Detroit, George Blankenship, VP of sales, confirmed a plan that will see 25 […]