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 […]

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 […]

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 […]

China auto sales accelerate in December

BEIJING (AP) — China’s auto sales rose 7.1 percent in 2012 after growth accelerated in December as an economic recovery began to gain traction, an industry group reported Friday. Sales in the world’s biggest market by number of vehicles sold totaled 15.5 million units, the China Association of Auto Manufacturers said. December sales rose 6.9 […]

2013 will be “a year of growth”.

YOKOHAMA, Japan–Nissan Motor Co. (7201.TO) chief executive Carlos Ghosn expects 2013 to be “a year of growth,” with the auto industry seeing a steady increase in global demand driven by the U.S. and emerging countries. While expressing optimism, Mr. Ghosn warned about uncertainties over the fate of debate on U.S. fiscal policy and persistent dour […]

Toyota sees Japan sales dropping 20 percent in 2013

Toyota Motor Corp (7203.T) expects Japan vehicle sales to fall by a fifth next year, in part due to the end of government tax incentives for fuel-efficient automobiles, domestic media reported, adding to the pain from a decline in China sales. Japanese vehicle sales account for 30 percent of Toyota’s total sales volumes, and industry […]