Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker working without federal loans, burned through $5.5 billion in cash in the last three months of 2008 as losses augmented.Ford completed the year with cash reserves of $13.4 billion as it tries to shun borrowing money from the U.S. government. Ford said it is right away drawing down $10.1 billion in obtainable credit lines as of concerns regarding the

Honda cuts more fabrication in North America and Japan

Honda Motor Co. said yesterday it is cutting fabrication in North America and Japan by another 50,000 vehicles to match quickly attenuation demand.The move slashes anticipated North American output to 1.264 million units for the financial year ending March 31. That's 12.0% lower than the preceding year and 13.9% below Honda's first forecast of 1.468 million vehicles this year.The North American

San Luis police urge auto burglary prevention

SAN LUIS, Ariz. - With a sum of 130 vehicles stole in 2008, or about 10 a month, and a border through which millions of people and cars cross every day, this city requires inhabitants to practice stronger preventive measures to reduce the number of car robberies, the police chief says. This is a vast city where “a car may be taken to Mexico within seconds of time,” said Javier Nuño, chief of

Senate Confirms LaHood as Transportation Secretary

Former Rep. Ray LaHood won Senate confirmation Thursday as President Obama's Transportation secretary. The Illinois Republican was confirmed by voice vote a day after the Commerce, Science and Transportation Committee sent his nomination straight to the floor without a vote. LaHood, a moderate popular with colleagues, brings a bipartisan flavor to the Obama cabinet that could be valuable in

ZAP to Introduce Electric Van and Truck at Nation's Largest Auto Dealer Expo January 24

To aid automotive fleets reduce emissions and operating expenses, electric car pioneer ZAP (OTCBB: ZAAP) will debut a five-passenger, 4-wheel, 100%, plug-in electric van at the National Automobile Dealers Association yearly conference and exposition, booth number 4763, January 24-27, 2009 at New Orleans.ZAP's novel Shuttle was designed for passenger convey or cargo. The seats can be removed so it

Port signs agreement with vehicle shipping company

The global transportation firm that purchased 3,200 new cars into Grays Harbor last week tells that it plans to go on exploring the possibility of creating a big-scale automotive processing facility in Aberdeen.The Pasha Group, which arranged the current shipment of Kia vehicles to Marine Terminal 4, joined the Port of Grays Harbor in a marketing agreement Monday letting them a year to study the

Toyota might just bring its IQ microcar to U.S

Toyota Motor Corp. inveterate Wednesday that it is sternly considering plans to bring its IQ -- a small three-seat urban commuter vehicle -- to the United States, during a speech at an industry discussion in Detroit.The vehicle, initiated in Japan last year, which is smaller than Toyota's subcompact Yaris and is about the size of a stylish microcar, which is of Mercedes-Benz."We think there is an

Mercedes-Benz Wins Award For First Lithium-Ion In Production Car

With the introduction of its S400 BlueHYBRID happening this summer, Mercedes is set to become the initial automaker to offer tremendously competent lithium-ion battery technology in a mass production passenger automobile. Considerably, Mercedes bathes the notoriously hot-running lithium-ion cells in chilled air from the S400's A/C system, making sure their safety and longevity for an estimated 10

State wise Auto workers Chart

The chart above shows the reach of the auto industry: When you add new-car dealerships, parts and wholesale jobs to the assembly jobs, auto-industry jobs are everywhere.

Higher gas tax may solve problems of carmakers

Many car companies like General Motors Corp., Ford Motor Co. and Chrysler are spending billions to make plug in electric cars at a time when the price of gasoline is below $2 per gallon. All these companies fear that if gas prices are so low even next year then their research of plug in electric cars will go waste. They have spent million of dollars for this research. In the last 5 months of

Air Transport Association predicts 3 percent passenger decline

The International Air Transport Association is forecasting its first predictable decline in passenger traffic since 1991.“Recession is now forecast for North America, Europe and Japan late this year and into 2009,” IATA said in its latest report.In 1991, the last major downturn in air traffic driven by recession, global passenger traffic fell 2.6 percent, the IATA said. The group predicts it will