Cars
Tokyo was one of the cities bidding for the 2016 Summer Olympics. It eventually lost to Rio de Janeiro, yet the infrastructure that was created in order to boost its chances of hosting the Games is proving worth the investment.
- Investors Value Mercedes-benz Cars At Less Than Half Compared To Arch-rival Bmw
It’s been more than a year since Daimler CEO Dieter Zetsche vowed that Mercedes-Benz would reclaim the number one place in the premium segment from BMW by the end of the decade. He even sent a letter to his employees, saying that the company “should...
- 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...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Toyota's Gloomy New Forecast Cuts Annual Profits By More Than Half
After losing the top spot as the world's largest automaker, Toyota is now halving its profit forecast due to a number of factors, the most important of which are the production disruptions caused by the earthquake and tsunami in Japan in March and...
- 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...
Cars
Japan Opens New 1.6 Mile-Long “Dinosaur Bridge†to Reduce Tokyo’s Traffic Jams
Tokyo was one of the cities bidding for the 2016 Summer Olympics. It eventually lost to Rio de Janeiro, yet the infrastructure that was created in order to boost its chances of hosting the Games is proving worth the investment.
One such example is the four-lane, 1.6-mile (2.6 km) Tokyo Gate Bridge. Nicknamed "Dinosaur Bridge" due to its unusual shape, it will open this weekend to vehicles after a decade of construction.
According to Bloomberg News, the so-called Dino Bridge cost 113 billion yen (US$1.45 billion), but the Japanese government expects it to yield 19 billion yen (US$246 million) annually, carrying 32,000 vehicles each day between the capital and a man-made island where a new container terminal is being built.
Read more »- Investors Value Mercedes-benz Cars At Less Than Half Compared To Arch-rival Bmw
It’s been more than a year since Daimler CEO Dieter Zetsche vowed that Mercedes-Benz would reclaim the number one place in the premium segment from BMW by the end of the decade. He even sent a letter to his employees, saying that the company “should...
- 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...
- Ford's Second Quarter Profit Drops $1.4 Billion, Big Losses In Europe
The Blue Oval reported today a second quarter profit of US$1 billion (€827 million), down 57 percent or US$1.4 billion (€1.16 billion) over the same period last year, as the company's losses in Europe piled up. Net income in the first...
- Toyota's Gloomy New Forecast Cuts Annual Profits By More Than Half
After losing the top spot as the world's largest automaker, Toyota is now halving its profit forecast due to a number of factors, the most important of which are the production disruptions caused by the earthquake and tsunami in Japan in March and...
- 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...