Cars
Toyota Spent $1.2 Million Courting Washington Politicians in Q2 of 2011
Lobbying is a fact of political life in most democracies. And as with everything else, it isn’t for free: you can never get something for nothing, and the companies know that very well. So they are prepared to spend quite a lot of cash on lobbying the US House and Senate for laws and regulations that meet their needs. How much? It depends. Toyota Motor Corp., for example, spent $1.29 million in the second quarter of 2011 lobbying on tax incentives for patent laws, alternative energy vehicles, fuel cells and other issues, according to a report filed on July 20 with the House clerk's office, and which was obtained by the media.
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Lotus Posts Us$110 Million Loss, Ceo Confident It Will Break Even In 2016
According to documents filed at Companies House, the Lotus Group posted a £71.1 million (US$110 million) loss in the 2014 financial year that ended on March 31. This is both bad and, surprisingly, good news. Read more »...
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Obama’s Ev Strategy And Energy Department Spending Questioned By House Panel
The Obama administration has put a lot of weight behind electric and alternative-fuel cars, offering tax incentives in order to increase their sales and reduce fuel consumption and CO2 emissions. According to a DetNews report, the chairman of the House...
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Viva Las Vegas: Google Lobbies To Legalize Self-driving Cars In Nevada
Internet and software bigwig Google has begun lobbying the state of Nevada to legalize driverless cars. The move comes on the heels of some very promising results in California, where Google had mapped out the terrain and sent a couple of its autonomous...
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Chrysler Reports Net Profits For The First Time Since Emerging From Bankruptcy
On Monday, the Chrysler Group LLC reported its first quarter gains since exiting bankruptcy almost two years ago in June 2009. The Auburn Hills-based automaker, which is now operated by Fiat S.p.A., said net income totaled $116 million in the first quarter...
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Toyota Takes Global Sales Lead Over Gm In Q1 With 2.41 Million Units
While General Motors posted a 0.6% decline in its first quarter sales this year (2.25 million vehicles), Toyota Motor Corp reported today that its global sales were increased by 2.7 percent during the January-through-March period, at 2.41 million units...
Cars