Cars
The European Union has approved research initiatives worth €940 million or about $1.5 billion to promote the development of hydrogen-powered cars, in an attempt to reduce air pollution and heavy reliance on imported oil. The aid is part of a €9.3 billion ($15 billion) research initiative for electronics, computers, medicines and airplanes.
- Toyota Reclaims Title Of World’s Most Valuable Auto Brand From Bmw
Toyota has ranked first among automakers in the BrandZ Top 100 Most Valuable Global Brands study released by market research company Millward Brown. The Japanese carmaker has overtaken last year’s best ranks car manufacturer, BMW. Toyota’s...
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- Hyundai Sells Over A Million Vehicles, Kia More Than 630,000 In The First Quarter Of 2012
Business is booming for South Korea's Hyundai Group that reported its first quarter results. The Hyundai brand sold an impressive 1,072,679 new vehicles worldwide (domestic: 154,800 / overseas: 917,879) in the first three months of 2012, up 16.7...
- Report Says U.s. Automobile Sector Contributed $135 Billion In Taxes In 2010
It’s no secret that the motor vehicle sector is the largest manufacturing industry in the United States, but how big is it in terms of state and federal tax revenues? This is a question the Center for Automotive Research (CAR), a nonprofit research...
- Usw Says New Record U.s. Trade Deficit With China Threatens Auto Jobs
In 2011, U.S exports rose by 14.4 percent to a record US$2.1 trillion. That’s the good news. The bad news is that imports also set an all-time high record of US$2.7 trillion, a 13.8 percent increase over 2010. It's really not that hard to...
Cars
EU Approves $1.5 Billion Aid for the Development of Hydrogen Cars
The European Union has approved research initiatives worth €940 million or about $1.5 billion to promote the development of hydrogen-powered cars, in an attempt to reduce air pollution and heavy reliance on imported oil. The aid is part of a €9.3 billion ($15 billion) research initiative for electronics, computers, medicines and airplanes. The hydrogen car program is 50 percent financed by companies that include Royal Dutch Shell and BMW and 50 percent financed by the European Union over a period of six years. The unprecedented EU public-private partnerships in research and development, aim to help the bloc raise R&D spending to 3 percent of gross domestic product from 1.8 percent and to bridge the gap between Europe and the
- Toyota Reclaims Title Of World’s Most Valuable Auto Brand From Bmw
Toyota has ranked first among automakers in the BrandZ Top 100 Most Valuable Global Brands study released by market research company Millward Brown. The Japanese carmaker has overtaken last year’s best ranks car manufacturer, BMW. Toyota’s...
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- Hyundai Sells Over A Million Vehicles, Kia More Than 630,000 In The First Quarter Of 2012
Business is booming for South Korea's Hyundai Group that reported its first quarter results. The Hyundai brand sold an impressive 1,072,679 new vehicles worldwide (domestic: 154,800 / overseas: 917,879) in the first three months of 2012, up 16.7...
- Report Says U.s. Automobile Sector Contributed $135 Billion In Taxes In 2010
It’s no secret that the motor vehicle sector is the largest manufacturing industry in the United States, but how big is it in terms of state and federal tax revenues? This is a question the Center for Automotive Research (CAR), a nonprofit research...
- Usw Says New Record U.s. Trade Deficit With China Threatens Auto Jobs
In 2011, U.S exports rose by 14.4 percent to a record US$2.1 trillion. That’s the good news. The bad news is that imports also set an all-time high record of US$2.7 trillion, a 13.8 percent increase over 2010. It's really not that hard to...