WOKING, UNITED KINGDOM–(Marketwire – Dec. 20, 2012) - Car rental brokers, Holiday Autos, are reminding the British public to book car hire now in time for the seasonal holidays as a cheap alternative to train travel.
Category : World News
NEW YORK (TheStreet) — No one really wants to invest in the next boom until it is well underway.
Instead, they keep looking at the wreckage of the last boom, waiting for a recovery there and ignoring the start of the new game until it’s obvious.
But financial engineering is done. Housing is done. Stop waiting around for yesterday, start looking around for tomorrow. …
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More: On Word: Manufacturing
Updated with comments from GM sales call.
DETROIT (TheStreet) — U.S. auto sales continued to grow in June, with all three of the biggest automakers reporting gains as pent-up demand was stimulated by favorable buying conditions.
“We’re seeing consumers come back into the market because the age of the fleet is now around 10 years,” said Ellen Hughes-Cromwick, Ford’s chief economist, on Tuesday’s sales call. “People are coming in to buy vehicles: They are doing OK (in employment and income). There is a demand for newness. Auto loan rates are low. All of those conditions are really supporting the sort of forecast we put together.” …
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See the original post: Auto Sales Rise: Buyers Want New Cars and Can Afford Them
DETROIT (TheStreet) – GM said Friday it plans to recall nearly every Chevrolet Cruze it has sold in the United States to make an adjustment to eliminate the chance of an engine fire.
The automaker plans to recall 413,418 Chevrolet Cruzes sold in 2011 and 2012 to modify the engine shield under the vehicle. The change will help prevent liquids from being trapped in the engine compartment, where a fire could start and spread.
Built in the U.S. the Cruze has been a symbol of GM’s resurgence, ranking among the country’s best-selling selling compact cars ever since its introduction. The recall could blemish the car’s image, but that impact is mitigated because no crashes, injuries or fatalities are known to have resulted from the deficiency. …
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Read this article: GM to Recall Every Cruze on Engine Fire Risks
This interview was June 12, and all prices and dates reflect then.
PALO ALTO, Calif. (TheStreet) — Tesla Motors headquarters is a stark contrast to other auto manufacturers. Its design and layout is more like that of a tech startup, than an automotive giant like Ford or General Motors.
Perhaps that’s why Tesla, which cites Apple as part of the inspiration for its retail experience, is attempting to turn the car industry on its head, similar to Apple in the smartphone and tablet markets. …
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Read the original post: How Tesla Plans to Revolutionize the Electric Car
NEW YORK (TheStreet) — As activist investors snap up its waning shares, struggling truck maker Navistar is adopting poison pill to brace against the prospect that its largest shareholders — like Carl Icahn — will try and take the company over.
Navistar said on Wednesday that its Board of Directors has adopted a stockholder rights plan, otherwise known as a “poison pill,” in a move to fend the company from a prospective acquirer. Recently, MHR Fund Management became the heavy-duty truck maker’s largest shareholder, topping a near 12% stake held by Carl Icahn, in a move that fanned speculation the company could be sold. Now, Navistar is bracing for the prospect of takeover bids.
In a press release, Navistar said that it is adopting the poison pill to “deter coercive takeover tactics” and will offer preferred stock to be distributed as a dividend on each share held as of June 29, if any investor takes a larger than 15% stake in the company. That move will prevent an acquirer from taking control of the company for a low-price, Navistar added. …
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See more here: Navistar Braces For Wild Takeover Ride
NEW YORK (MainStreet) — Consumers can relax — at least a little bit — as U.S. gas prices continue to trend downward. Aside from the U.S. Midwest, which saw gas prices rise by two cents last week, prices across the country are once again in retreat, and that’s a trend the experts say should sustain itself going into July.
Take a glimpse at U.S. gas prices this week, with figures from the U.S. Energy Information Administration.
Read the original post: Gas Price Savings Look to Continue Into July
By Phil LeBeau, CNBC Correspondent
NEW YORK (CNBC) — One comment from one frustrated and disappointed General Motors shareholder at the company’s annual meeting sums up how many GM investors feel.
“I received common shares paying absolutely no dividends at $32/share, and they have since deteriorated.” said Richard Wills. “Now you have made billions of dollars. We are putting money into plants; we are funding the pension fund, this is all very good but I frankly doubt that I will ever buy another GM product.” …
Read more here: GM Shareholders Ask, Where Are the Profits?
By Matt Cantor, Newser Staff
The 2013 Honda Fit EV is the most efficient car sold on these shores, according to the EPA — and it’s been awarded the highest fuel efficiency equivalency rating ever, at 118 MPGe. That figure beats Mitsubishi’s iMiEV, at 112 MPGe, as well as the Ford Focus Electric, which gets 105 MPGe, Wired reports.
For every 100 miles, the Fit uses just 29 kWh of electricity, which would run the average driver about $500 a year. …
Read more from the original source: Meet US’ Most Efficient Car: 118MPG