AUTO

Chrysler a No Go for V8 Supercars

It seems our hopes of yet another brand joining the V8 Supercars championship next year has been short-lived, with Chrysler confirming to V8X magazine that it will not proceed with the move.
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Volkswagen Golf Three-Door Spied

An all-new Mk7 Volkswagen Golf prototype has been spotted testing in winter conditions. This is the first time a three-door wearing the all-new body has been spotted.

World’s Most Expensive Cars

Which is the world's most expensive car? Well, the title of 'world's most expensive car' is hard to award. There are a few cars that are priced in Euros or Pounds, which means their prices in U.S. Dollars depend on the day.

Global Markets Overview - 02/22/2012

The Dow Jones Industrial Average pierced the 13000 level for the first time since before the financial crisis, but traded largely below the mark during a choppy session in which stocks were negative at times. The Dow broke 13,000 before noon Tuesday and a handful of other times throughout the day, but was down 17 points, or 0.1%, at 12933 in afternoon trading.

Global Markets Overview - 02/21/2012

The U.S. dollar fell to a near two-week low against the euro Monday on hopes European finance ministers would agree on conditions for another loan for Greece.

Romney's Crash and Burn on the Auto Bailout

The candidate who wanted Detroit to go bankrupt is now trying to win votes in Michigan — as the auto industry's recovery is front-page news. Santorum? He's got the same problem.

Global Markets Overview - 02/15/2012

From MORRISON SECURITIES PTY. LTD: U.S. stocks fell Tuesday as investors considered weaker-than-expected retail sales data and watched for progress in Europe over Greece's debt.

Global Markets Overview 02/14/2012

Stocks added to gains and hit session highs in afternoon trading, buoyed by the adoption of austerity measures by Greece's Parliament. The Dow Jones Industrial Average was recently ahead 82 points, or 0.6%, at 12884. The Standard & Poor's 500-stock index advanced 10 points, or 0.8%, to 1353, and the Nasdaq Composite gained 29 points, or 1%, to 2933.

Global Markets Overview - 02/13/2012

Stocks were dragged down for their worst one-day loss in about six weeks by tumult over the Greek bailout, disappointing readings on the U.S. economy and a downgrade of nearly three dozen Italian banks.

Australian Stock Market Leads - 02/09/2012

The Australian stock market is perceived to maintain its current bouyant status thugging within its comfort zone range between 4,200 to 4,300 with the absence of catalysts to bring forth a major boost, analysts said.

Mahindra: New Cars 2012

Indian manufacturer Mahindra will make its first venture into Australia's passenger vehicle market in 2012 when it launches the XUV500. The seven-seat SUV joins the Mahindra Pik-Up, which will continue in its single and dual cab chassis and cargo body styles.

Toyota Australia Axes 350 Jobs

Toyota Australia has axed 350 employees at its Altona plant in Melbourne, blaming the decision on current market conditions that include a high Australian dollar.

Ford Recalls 539,000 minivans, SUVs

Ford Motor Company, the second largest automaker company in the U.S. recently announced a recall of at least 539,000 vehicles worldwide in order to repair certain errors in the affected car models.

Iranian Scientist Killed: How to Check for Car Bombs

Neutron generator and laser Doppler vibrometry, sound familiar? These are the technology used to detect car bombs. The threat of car bombs is real, and whether a person is paranoid or just plain staying safe, how can people check if their automobiles have been rigged to blow up?

Global Markets Overview - 21 December 2011

From Morrison Securities Pty. Ltd. U.S. stocks rallied as domestic home building jumped to the highest level in nearly two years and another successful Spanish debt auction buoyed investor sentiment.

Car Sharing Takes Off in the U.S.

Personal car-sharing spreads from California to Oregon and, very soon, to a neighborhood near you. The concept of hiring out your own vehicle has proven wildly popular here and around the globe.

Mercedes-Benz CLS 350 Review

3.5-litre six-cylinder petrol direct-injection with seven-speed automatic transmission, rear-wheel drive 225kW/370Nm. $159,200 (Manufacturer's List Price)

Global Markets Overview - 12/13/2011

From Morrison Securities Pty Ltd. A negative reaction to last week's European sovereign-debt summit by credit-ratings firms sent U.S. stocks sharply lower Monday, erasing all of the stock-market gains that followed the summit Friday.

Global Markets Overview - 12/09/2011

From Morrison Securities: U.S. stocks fell in afternoon trading as investor focus shifted from disappointment over the European Central Bank to the closely watched summit on Europe's sovereign-debt crisis. The Dow Jones Industrial Average lost 171 points, or 1.4%, to 12026 in recent action. The Standard & Poor's 500-stock index shed 23 points, or 1.8%, to 1238 and the Nasdaq Composite lost 42 points, or 1.6%, to 2607.

Honda Recalls 917,267 More Cars Over Airbag Defect

Honda has announced a global recall of 917,267 vehicles over an airbag defect that has caused at least 20 injuries. The action adds to previous recalls that were issued to address the same problem, resulting in a total of 2.8 million cars being affected.

Australian Stock Market Report - Morning - 12/05/2011

From Craig James, Commsec Chief EconomistUS non-farm payrolls (employment) rose by 120,000 in November, in line with market expectations. Private payrolls rose by 140,000, the jobless rate fell from 9.0pct to a 2-1/2 year low of 8.6pct and average earnings fell by 0.1pct.

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