When is someone happy? When he loses something and finds it again. If that old Yiddish proverb is anything to go by, the guys at Red Bull Racing must be at least a little happy right now, because they've recovered some of the trophies that were stolen from the team's headquarters earlier this month.
Goldman Sachs Japan isn't exactly painting a rosy picture for the future of Toyota. The investment group says the automaker isn't recovering from the automotive implosion as quickly as its competitors. As a result, the predictions regarding the company's return to pre-sales-collapse figures have been toned down. Goldman Sachs Japan now says that while it fully expects to see car sales eclipse the previous average growth rate of 2.6 percent per year, jumping to eight and nine percent from 2010 on
Department of Energy Secretary Steven Chu announced a huge, $786.5 million program to speed development and commercialization of biofuels today. The money comes from the American Recovery and Reinvestment Act and is intended for the following specific projects:
LoJack's international recovery network makes it increasingly difficult to escape its satellite eyes. Here's the best example yet. Two Albanian thieves broke into the Italian vacation of home of a Frenchman and knocked him out with sleeping gas. They then stole his French-registered Gallardo. When the man came to he called LoJack France and reported the car stolen. They called LoJack Italy, who turned on the recovery system, and located the car on its way to Naples. The Italian police were calle
Defying all the odds, we're glad to report that Top Gear host Richard Hammond has been released from the hospital and is recovering with his family at an undisclosed private location. Despite the very serious nature of his crash and the potential brain damage incurred, Richard's doctors all expect him to make a 100% full and complete recovery.
As Top Gear host Richard Hammond recovers from his 300-mph crash, the show's future remains in limbo. The crash occurred while filming a segment for the upcoming series, but with Hammond still in hospital with the full scope of his injuries still unknown, the new season is being postponed indefinitely.
Jim Press, the new president of Toyota Motor Corp. North American, foresees a bright future for the U.S. auto industry. While speaking at the women's business group Inforum in Detroit last week, he pointed out that: