| Dominican Republic boasts glut of new autos as used car dealers cringe |
Oct 30th, 2013 |
Santo Doming.- The Used Vehicle Importers grouped in Asocivu and Adeci, today warned that their sector is going through its worst crisis of the last 10 years, and to avert bankruptcy, they need legal security and clear rules to import autos from the U.S. under DR-Cafta. It's the second time in as many weeks the used car importers sound the alarm for their survival, while Dominican Republic ...
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| Japan starts trade case over Ukraine tariffs on auto imports - WTO |
Oct 30th, 2013 |
GENEVA (Reuters) - Japan on Wednesday launched a case against Ukrainian tariffs on a range of passenger automobiles, arguing they violate global trade rules, the World Trade Organisation (WTO) said. The duties were introduced in April last year ...
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| AmazonSmile Auto-Donates 0.5 of Purchases to Your Favorite Charity |
Oct 30th, 2013 |
AmazonSmile , lets you donate to your favorite charities while doing something you’re already going to do anyway – shop on Amazon.com. "We're offering customers a way to support charitable organizations around the country that's simple and automatic," said Ian McAllister, General Manager, AmazonSmile. "We think customers will love the opportunity to support ...
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| Grand Theft Auto 5 Surpasses 29 Million Units Sold in Only a Month |
Oct 30th, 2013 |
"The title received stellar reviews, shattered entertainment industry records, and has already sold-in nearly 29 million units to date," said Take-Two CEO Strauss Zelnick according to Joystiq. "The extraordinary success of Grand Theft Auto V illustrates the positive momentum in our business and consumers' enduring appetite for the highest-quality interactive ...
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| Muscle Cars Top Most Stolen Sporty-Car List |
Oct 30th, 2013 |
-- are also the strongest candidates to be swiped by auto thieves. According to the National Insurance Crime Bureau's new list of most stolen "sporty" vehicles, the iconic Detroit coupes raced to the front of the pack. The report is based on theft records from the National Crime Information Center and covers model-year 2010, 2011 and 2012 vehicles stolen between Jan. 1, 2009, and ...
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| Chrysler expects to recover cash position in Q4 Marchionne says |
Oct 30th, 2013 |
DETROIT | Wed Oct 30, 2013 11:06am EDT DETROIT Oct 30 (Reuters) - Chrysler Group LLC said on Wednesday that it expects to be cash-flow positive in the fourth quarter, as the No. 3 U.S. automaker recovers from what Chief Executive Sergio Marchionne called the "painful" launch of the Jeep Cherokee mid-size SUV. Technical glitches in the Cherokee's new nine-speed automatic ...
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| New models help drive growth in GM and Chrysler |
Oct 30th, 2013 |
DETOROIT - US automobile giant General Motors Wednesday reported better-than-expected net income of $757million during the third quarter, 53 per cent down from $1.5 billion a year earlier. The decline in profit comes even as the company's revenue increased from $37.6 billion last year to $39.0 billion this quarter helped by strong demand in the U.S, especially for its luxury cars and new ...
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| Chrysler needs $18-billion valuation to justify IPO |
Oct 30th, 2013 |
Chrysler's valuation needs to hit $18-billion (U.S.) to justify an initial public offering. That's the point where the union trust fund that owns 41.5 per cent of the Detroit auto maker would reap more than it could get from controlling shareholder Fiat. But it's also way more than either owner has ever considered to be a reasonable ...
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| Bentley Lamborghini recall cars for brake defect |
Oct 30th, 2013 |
DETROIT (AP) Luxury car makers Bentley and Lamborghini are recalling 1,136 cars between them for brake problems. The recall covers the Bentley Continental GT, GTC and Flying Spur from the 2007 through 2011 model years; the Lamborghini Murcielago and Murcielago Roadster from the 2006 through 2010 model years; and the Lamborghini Gallardo and Gallardo Spyder from the 2007 through 2009 model years. ...
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| Man escapes from Lagos prison steals 20 cars |
Oct 30th, 2013 |
The Lagos State Police Command has apprehended a 32-year-old convict, Kingsley Chibuzor, for snatching over 20 cars between 2011 and 2013. Chibuzor, was said to have escaped few months into his sentence from the Kirikiri Medium Prison in 2011, where he was serving a term for malicious damage. After his escape, the suspect was said to have specialised in snatching cars in Lagos, Anambra and ...
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