| Casinos not cars are keeping Detroit afloat |
Jul 19th, 2013 |
largest municipal bankruptcy late Thursday show just how dependent the city has become on the monthly infusion of cash from its casino tax. The $11 million Detroit clears from the casino tax every month is "is roughly the equivalent of 30% of the city's total available cash on hand as of June 30, 2013." It also says the casino tax could pay for the city's entire fire ...
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| Honda Canada recalls 9000 Fit Sport vehicles |
Jul 19th, 2013 |
MARKHAM, Ont. -- Honda Canada is expanding a recall of the Honda Fit Sport vehicles from the 2012-13 model year.The automaker said Thursday it is issuing a recall for an additional 8,871 cars because it wants to update the Vehicle Stability Assist (VSA) software, which will be done free of charge.Honda first announced in April it was recalling nearly 48,000 of the small cars in the U.S. and ...
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| 2014 Fiat 500L Test Car Gallery |
Jul 19th, 2013 |
, Cars.com reviewer Kelsey Mays says the drivability and refinement of this new enlarged four-door hatchback could solidify its position among European compacts sought by U.S. buyers. Our test metallic gray 500L Easy model with a black interior and cloth seats started at $20,995, including an $800 destination charge. Its turbocharged 1.4-liter four-cylinder engine is paired with a six-speed ...
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| JD Power LMC see stronger U.S. auto sales for rest of 2013 |
Jul 19th, 2013 |
DETROIT, July 19 | Fri Jul 19, 2013 11:20am EDT DETROIT, July 19 (Reuters) - The U.S. auto industry is poised for a robust second half of the year with sales nearing levels recorded before the 2008-2009 economic downturn, influential industry analysts J.D. Power & Associates and LMC Automotive said on Friday. "The overall trend in vehicle demand has outshined economic growth, and ...
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| Motor city Detroit files for municipal bankruptcy |
Jul 19th, 2013 |
DETROIT- Once the symbol of America's industrial power, Detroit Thursday filed the largest municipal bankruptcy in US history - a victim of its declining population and faltering auto industry. The bankruptcy, if approved by a federal judge, would force Detroit's thousands of creditors into negotiations with the city's Emergency Manager Kevyn Orr to resolve an estimated $18.5 billion in debt ...
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| Poor teens in London blowing as much as their apartments cost to rent exotic cars for an afternoon |
Jul 19th, 2013 |
Aisha, 16, talks to fellow pupil Tanvir Shahriyar, 16, next to his hired Ferrari, on the Rickman Street Estate during Morpeth School graduation day in Tower Hamlets, east London. In the east London area of Tower Hamlets, one of the most deprived parts of the city according to government statistics, a trend has arisen which sees many 16-year-olds at local schools spending large sums of money to ...
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| Toyota gets final OK for settlement of U.S. acceleration class action |
Jul 19th, 2013 |
(Reuters) - A U.S. judge on Friday gave final approval to the settlement of a class action lawsuit against Toyota Motor Corp by plaintiffs who claimed design defects caused some of the company's vehicles to accelerate without ...
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| Faster luxury sports cars like Rolls Royce Ferrari gaining ground among Indias rich and famous |
Jul 19th, 2013 |
Behind the scenes: How India's longest rail tunnel in Kashmir was built Kashmir's new railway is not merely an engineering feat, but a political, economic and ...
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| Port of Tampa AMPORTS Sign Deal for Auto Shipments |
Jul 19th, 2013 |
have signed a letter of intent to develop a new terminal dedicated to the import and export of automobiles and rolling stock.The deal is driven by rising demand for automotive production in Mexico in order to serve U.S. markets, according to the Florida port."We believe that Tampa is right in the sweet spot for short sea shipments out of Mexico," said Steven Rand, president and CEO of ...
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| Judge clears $1B settlement in Toyota recall |
Jul 19th, 2013 |
A California judge has approved a settlement that will return $1 billion US to Toyota vehicle owners affected by a 2009 recall over claims of faulty accelerators. About 22 million U.S. consumers will be affected by the deal, which provides compensation for the reduced value of their vehicles. The Japanese automaker had numerous complaints that its cars accelerated on their own, causing crashes, ...
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