Obama mistaken on who invented the car

"That’s when autos reporter Micheline Maynard corrects Obama's statement that, " nation that invented the automobile cannot walk away from it." She points out, "The automobile was NOT invented in the U.S."President Barack Obama delivered a factual error in his speech to Congress on Tuesday night. The automobile was not invented in America. It was invented in Germany, by this man, Karl Benz.

Hyundai Motor On a Roll in U.S.

Hyundai motor is on roll in the market of United States of America. IntelliChoice which tracks automotive ownership data has opted Hyundai’s Sonata sedan as one of its “2009 Best Overall Values of the year.” Hyundai has also got third rank as having Americas best certified pre-owned program.In the list of 10 best used cars which are available under US $ 10,000, Hyundai’s Tucson, Grandeur XG, and

Obama promises not to walk out from the automobile industry

President Barack Obama pledged last night to hold U.S. automakers responsible for the bad practices but vowed to help out in making a retooled, re-imagined auto industry. In the comments which were prepared for the delivery to a joint session of Congress, Obama gave an abstemious assessment of the nation’s ills significantly the economic but he stated that they’ll reconstruct and recover and U.S.

Toyota recalls former U.S. chief Inaba as woes mount

Toyota Motor Corp. is bringing back Yoshi Inaba, the former U.S. sales chief who left the automaker to run an airport. His return will be approved at the annual shareholders meeting in June, spokesman Irv Miller said today.That meeting also will approve Akio Toyoda, grandson of the company's founder, as Toyota's new president. He is expected to shake up the automaker's management ranks as the

Signing of the American Recovery and Reinvestment Act

Statement of U.S. Transportation Secretary Ray LaHood On President Obama’s Signing of the American Recovery and Reinvestment Act“Today President Obama kept faith with the American people. Less than one month after taking the oath of office, he signed the landmark American Recovery and Reinvestment Act. “I thank and congratulate President Barack Obama for this impressive and hard-won victory.“

Fiats Might be manufactured in Europe but not in U.S.

There many advantages to a possible Fiat-Chrysler alliance, one of which will be the ability to manufacture many Italian models- Fiat 500, for example North America and within the North America. Few recommend Fiat’s rebirth totally in the new world which might come in the courtesy of European factories.Automotive reports tell us that First nuova fiats will be not in U.S. but will be built in

Production slice in North America and Japan by Honda

Motor Co. decided to cut production in North America and Japan by other 50,000 vehicles to match quickly fall in demand. For the fiscal year the North American output was 1.264 million units ending in March 31st.The company also stated on Jan27 that North American production cuts will have affect on Honda’s plants in Ohio, Alabama and Ontario. By 14,000 units Ohio will scale back the production

Toyota to lessen North American production

In order to reduce the production in North America, Toyota is employing additional measures at North American manufacturing plants. It’s also planning to implement few additional non-production days differing from plant to plant. At certain plants the company will also implement condensed work/pay weeks. At the affected plants, the production team members will work and will be paid for 72 hours

Obama to appoint panel for auto recovery

President Barack Obama plans to appoint senior administration officials _ rather than a single "car czar," as had been discussed _ to oversee a restructuring of the auto industry. Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers will oversee the across-the-government panel, a senior administration official said on Sunday on the condition of anonymity

Electric cars: a boon for Canada?

Canada is well-positioned to take advantage of moves by auto makers to bring electric vehicles and other fuel-efficient technologies to market, say analysts who have studied these developments.The opportunities for Canada are exemplified by Ford Motor Co.'s partnership with Canadian auto parts manufacturer Magna International to produce a fully electric car that goes up to 160 kilometres on a

Patrick says he hasn't decided on gas tax hike

Governor Deval Patrick emphasized at a news conference today that he has not decided yet whether to propose an increase in the state’s gas tax to address the state transportation system’s financing problems. He said gas tax increases are just a few of the many options that he is discussing with his advisers. “We haven’t landed in any particular place yet,” he said. “We don’t have a lot of

Wagoner claims progress on GM reorganizing plan

Rick Wagoner who is the CEO of GM stated that GM’s reorganizing plan which is demanded by federal government is coming together. On a visit to Capitol Hill Wagoner told the reporters that they are making progress when it’s needed. He refused to tell any of the obstacles yet he stated that there are lots coming up and the time period is short.Feasibility plans are to be submitted to the Treasury

All American Auto Transport Releases Steps to Avoid Auto Transport Scams

All American Auto Transport, a leading auto transport company, today released steps to avoid the current auto transport scams and finding a reliable auto transport company for your car shipping needs."There are several very important steps to take to avoid the current auto transport scams that are occurring. We have been receiving numerous calls from people who have fallen into the same trap and

U.S. hires advisers for counsel on GM, Chrysler rescue

Two law firms has been retained by the U.S. government with broad bankruptcy know-how and the investment bank Rothschild to guide officials on the taxpayer-backed restructuring of General Motors and Chrysler LLC, a person with direct skill of work said. Last month U.S. Treasury hired New York law firm Cadwalader, Wickersham & Taft and will also deem a range of possibilities for striving

January shock: Hyundai sales increase 14.3%

Strong sales of the Sonata sedan and Santa Fe crossover helped out Hyundai stand with only two other brands in recording elevated U.S. sales in January when it’s compared with January 2008.The other two gainers were Hyundai's sister brand, Kia, and Subaru.Hyundai reported sales of 24,512 vehicles in January, a 14.3%augment over January 2008. Kia sales augmented up to 3.5 %. Merged, Hyundai and

Colliver steps away as Honda sales boss

Dick Colliver, who joined American Honda Motor Co. just as a huge sales kickback disgrace was intimidating the concern and who led Honda to reliable sales hit for a decade and a half, has stepped away as executive vice president of sales.Colliver will become senior adviser to the concern effective April 1.Reinstating Colliver as head of sales will be John Mendel, a previous Ford Motor Co. and

U.S. sales probable sank again in Jan., dragged down by fleets

U.S. auto sales in January probable stayed at quarter-century lows for the fourth straight month, as stable demand at dealerships couldn't make up for falling deliveries to fleets.Few surveys projected that January seasonally adjusted yearly sales rate of 10 million to 10.6 million cars and light trucks. General Motors forecasts a figure below 10 million, which would be the lowest as August 1982.

Honda cuts profit viewpoint again as Q3 earnings fall over

Dropping sales in North America and Europe sent operating profit at Honda Motor Co. declining 63 percent in the third quarter, pushing the firm to hack its outlook again.Honda now looking forward to operating profit of 140 billion yen ($1.46 billion) in the financial year ending March 31, compared with a former forecast of $1.88 billion. The novel target, released just a month after a former