NEWS

Volvo Trucks to Close Bus Plant in Sweden

10/4/2012

Truckmaker AB Volvo plans to end bus production at its factory in Saeffle, Sweden, next June because of shrinking demand in Europe.

Japanese Plant Blast Could Hinder Car Output

10/4/2012

An explosion and fire at a Nippon Shokubai Co. chemical factory in western Japan on Sept. 29 could disrupt domestic auto production, The Nikkei reports.

Toyota Still Most Valuable Auto Brand

10/4/2012

Toyota held onto its title as the world's most valuable automotive brand, according to Interbrand's annual Best Global Brands report.

Crude Futures Plummet in London, New York

10/4/2012

Brent crude oil futures fell $3.40 per barrel yesterday on the ICE futures exchange in London to close at $108.17 per barrel, down from a four-month of high $117.95 last month.

Oil Prices Plummet

10/4/2012

Crude oil futures plunged $3.75 per barrel, or 4%, yesterday on the New York Mercantile Exchange to settle at $88.14.

First Test of 1,000 mph Rocket Car Engine

10/4/2012

Engineers in the U.K. have successfully completed the first test of the rocket engine being developed to power the Bloodhound SSC, a 44-foot-long car that will attempt to set a land speed record of 1,000 mph a year from now.

Nissan Abandons Leaf EV Sales Target

10/4/2012

Nissan Motor Co. tells reporters it won't hit its target of selling 20,000 Leaf electric sedans in the U.S. this year.

Nissan “Disappointed” by U.S. Demand for Leaf EV

10/4/2012

Nissan Motor Co. is disappointed that sales of its Leaf electric car are falling short of the company's goal of selling 20,000 units in America this year.

Nissan “Disappointed” by U.S. Demand for Leaf EV

10/4/2012

Nissan Motor Co. is disappointed that sales of its Leaf electric car are falling short of the company's goal of selling 20,000 units in America this year.

Car Sales Drop 24% in Argentina

10/4/2012

Automakers sold 64,200 motor vehicles in Argentina last month compared with 84,300 units in September 2011, says dealer group ACARA.