- You are here:
- Auto News >
- Economy
Economy
-
0Report: India's exotic car market booms as economy births more millionaires 1319392860
Demand for supercars in India has exotic automakers scrambling, with Lamborghini on the verge of opening its second dealership in India this year, and Ferrari planning to open four more by the end of 2012. Ferrari opened its first Indian dealership in May as the country's blossoming economy ...
-
Study: Americans driving less, log fewest miles since 2004 1314367140
The price of a gallon of gasoline has been a major downer so far in 2011, and data shows that it may be affecting driving habits. According to The Detroit News, the Federal Highway Administration claims that Americans drove 1.453 trillion miles in the first half of 2011. That's down 1.1 percent ...
-
Report: Used cars commanding record prices, sometimes cheaper to buy new 1313152140
Just a couple years after U.S. auto sales plunged to their lowest levels in decades, dealers are finding an industry-wide shortage of used vehicles. This lack of used inventory has driven up the price of scarce pre-owned vehicles on lots, sending more and more consumers into aggressively priced ...
-
JDM Retrofuturism: Mitsuoka launches updated New Viewt 1255958940
Mitsuoka Viewt -- Click above for high-res image galleryYou know that unique thing that Mitsuoka does? If not, see for yourself. And here's another example of it: the new Viewt. Originally introduced in 1993, the Viewt is a Nissan Micra underneath what kind of resembles a Jaguar MkII shell. The ... -
Texas truck sales uptick seen as bellweather for auto sales? 1252502940
2009 Ford F-150 - Click above for high-res image galleryWhen auto sales began to circle the drain in 2008, no single segment was hurt more than pickup trucks. Sales were cut in half in many instances, pummeling the domestics from Detroit more often than their foreign competition. Truck sales ... -
Triple Play: Mercedes reportedly files patent papers for three-seat Smart 1249330740
Trying to give buyers more chances to get into a Smart, the company produced a four-seat hatch called the ForFour in 2004. It sold so poorly that the car was axed after just two years. In spite of that, Autocar says that parent Mercedes-Benz has filed patent papers for an embiggened Smart.This ...
-
REPORT: Analyst urges Mitsubishi, Suzuki to exit U.S. market 1247268600
Click either image for a high-res galleryTwo U.S. domestic automakers have now entered and emerged from Chapter 11 bankruptcy. Other automakers that were doing well before the economic implosion are now scrambling to cut costs and get people into showrooms with creative incentives. And then ... -
REPORT: Lamborghini sees no recovery until 2011 1244671200
Lamborghini Murcielago LP670-4 SuperVeloce – Click above for high-res image galleryAfter several years of record growth, Lamborghini, like most automakers, is struggling in a tough economy. Sales are down 30% so far in 2009, and the Raging Bull even laid off factory workers for seven weeks ... -
Rumormill: Could the Fiat-Chrysler deal yield a North American Ford Ka? 1242050280
The 2009 Ford Ka - Click above for a high-res galleryIt's a long shot, but according to The Detroit Free Press, Chrysler's deal with Fiat could result in Ford offering the cutesy Ka for sale in North America. As you may recall, Ford co-developed the Ka's platform with Fiat (it shares its chassis ... -
Opel reportedly mulling reviving Wartburg as low-cost brand 1242046800
Despite an uncertain future, Ward's Auto is reporting that Opel is looking at the possibility of starting a new low-cost line under the revived moniker "Wartburg." Made by East German company VEB AEW until 1991, in their most recent guise, Wartburgs were cheap transportation for the Communist set, ...

