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Today's Gas-Guzzling Exotic Cars
May 15, 2008 - 5:04 PM - by atlaw4u
New CAFE Rules Mean a Ferrari 612 Scaglietti Will Have to Meet Same Standard as a Camry. Joseph B. White - WSJ - May 12, 2008 A Porsche 911 is a marvel of automotive engineering and an object of desire for people who've worked hard enough, and been lucky enough, to have $80,000 or more to drop on an exotic sports car. One thing a Porsche 911 doesn't do is get 41.3 miles per gallon in city and highway driving. That could be a problem, because under the fuel-efficiency targets recently proposed by the federal government, Porsche cars sold in the 2015 model year (which begins in the fall of 2014)... [Read More]
7 Replies \| 153 Views
Economy Puts
May 15, 2008 - 4:53 PM - by atlaw4u
The $15 billion RV industry has been among the less-heralded casualties of the mortgage and housing crises. Jeffrey McCracken - WSJ - May 13, 2008 Two of the country's largest recreational-vehicle makers, pummeled by high gasoline prices and the slumping housing market, face serious cash crunches and are taking drastic measures to ease the strain. Coachmen Industries Inc., whose sales have declined 40% over the past three years, is borrowing against the value of life-insurance policies it holds on employees and retirees. So far, the Elkhart, Ind., company has tapped about half the cash value of those... [Read More]
4 Replies \| 94 Views
Nissan plans wide range of electric vehicles
May 15, 2008 - 2:27 PM - by atlaw4u
Nissan and Renault have engineers working on a new generation of lithium-ion battery technology. Lindsay Chappel - AutoWeek - May 15, 2008 While many in the industry ponder whether electric cars are viable, Nissan Motor Co. CEO Carlos Ghosn is preparing to plunge into the market. Ghosn sees potential for 10 million global electric-car sales per year in cities such as New York, Washington, London, Paris and Mumbai, India. And he wants Nissan and its partner, Renault, to be a major player. "It's a territory we want to own," Ghosn told reporters at a press event... [Read More]
5 Replies \| 137 Views
Gas prices knock bicycle sales, repairs into higher gear
May 15, 2008 - 8:59 AM - by atlaw4u
"Millions of people have bicycles hanging in the garage and they're getting them down and riding them." James MacPherson - The Detroit News - May 12, 2008 BISMARCK, N.D. -- Four-dollar-a-gallon gas is good for business -- if you run a bike shop. Commuters around the country are dusting off their old two-wheelers -- or buying new ones -- to cope with rising fuel prices, bicycle dealers say. "Everyone that comes in the shop is talking about the gas prices," said Barry Dahl, who opened Barry's Bikes in Bismarck in April. He sold more than 50 bicycles in the first month, double the projections in his... [Read More]
9 Replies \| 166 Views
Prius sailing off dealers' lots
May 15, 2008 - 8:41 AM - by atlaw4u
Higher gas prices are sending more customers looking for Toyota's most fuel-efficient vehicle. Alan Ohnsman - Bloomberg News - May 15, 2008 Toyota Motor Corp.'s Prius hybrid, the most fuel-efficient car sold in the U.S., is getting harder to find on dealer lots and commanding higher prices when customers do. U.S. dealer supplies of Priuses have dropped to the lowest level in two years, allowing Toyota, the world's second-largest automaker, to pare incentives and raise prices, said Mike Michels, a Toyota spokesman in Torrance, Calif. It can take up to two weeks to receive delivery of... [Read More]
21 Replies \| 412 Views