According to the University of Michigan's Eco-Driving Index, CO2 from new cars in the U.S. is down 14 percent from 2007. That's a significant gain, especially since the number of American drivers is up four percent.
MARKET CLOSE-CommSec
(4.30pm AEST)It was a less than desirable start to the week for equities, with the ASX 200 index (XJO) falling 1.6 pct or 72.4 pts to 4582.3 while the broader All Ordinaries index (XAO) has dropped 1.5 pct or 69.2 pts to 4646.8. Almost all market segments ended in lower territory by the close of business.
The manufacturing sector in Australia has begun its positive production kick in four months in spite the difficulties in coping with the high value of the Australian dollar and subdued local demand.
Investors at the Australian Stock Market is expected to rebound albeit cautiously at today's trading. Here are the views of two of the top market analysts on how the market will likely perform on 4 July, Monday.
From IG Markets Analyst Ben Potter:On Wall Street overnight, stock finished the quarter and end of the first half in bullish fashion, logging its fourth consecutive gain as Greece passed a second crucial vote on the implementation of the latest austerity package and a much stronger-than-expected Chicago PMI number.
As the Australian share market went down for a sixth consecutive trading day, investors went to the New Zealand markets, which rose close to 20 points to 3525.39, a change of about 56 percent.
Markets in the Asia-Pacific region have remained quiet at the end of Monday's trading as public holidays in China, Hong Kong, and South Korea have kept only Tokyo's Nikkei and Australia's S&P 500 working until the afternoon.
Daimler AG has announced the upcoming redesign of its B-Class Mercedes Benz, which the German carmaker said, will hopefully attract a new generation of buyers once its compact car lineups have assumed the more familiar features currently deployed on the flagship models.
Once the sun set and just before the start of the NASCAR Sprint All-Star Race at Charlotte Motor Speedway on Saturday, May 21, the raceway's house lights dimmed and fans "flashed their brights," breaking the Guinness World Records achievement for most flashlights lit simultaneously. Energizer outfitted the 65,000 fans with LED headlights as they entered the Charlotte Motor Speedway.
Toyota Motor Corp. (TYO), the world's top selling auto maker, on Wednesday announced a 77% drop in net profit in the January-March quarter. Toyota said that fiscal fourth quarter net profit slid to 25.4 billion yen ($314 million) from 112.2 billion yen a year earlier. The operating profit was 46.1 billion yen, falling short of analysts' average estimate of 94.6 billion yen, according to Thomson Reuters.
Recently introduced budget auto, the Chery J1, China’s first passenger car in the Australian market has been rated just three stars out of a possible five by the Australasian New Car Assessment Program (ANCAP).
Now General Motors Company (GM), second only to Toyota in global auto sales, has reported its fifth consecutive profitable quarter, posting net income of $3.2 billion, or $1.77 per fully-diluted share. Revenue in the first quarter ended March 31 increased $4.7 billion to $36.2 billion, compared with the first quarter of 2010.
Mr McKellar said the strong Australian dollar was underpinning record levels of car affordability.
Microsoft and Toyota Motor Corp. (TMC) have finalized an agreement to infuse digital capabilities into the Japanese auto maker's cars hosted in the Internet "cloud."
Singapore Exchange Ltd (SGX) has been informed that there is a big possibility that its proposal to $8.4-billion take over the local Australian bourse will be rejected by Australian Treasurer Wayne Swan.
Dealing with the government and private sector in countries Australia and Singapore were perceived to be the least tainted with corruption, a new survey made by Hong Kong-based Political & Economic Risk Consultancy, Ltd.'s (PERC) latest Asian Intelligence report indicated.
Deakin University and Chinese steel giant, Wuhan Iron and Steel (Group) Corporation (WISCO), have entered into a partnership to set up a research center to map the future of the global car manufacturing industry.
The Australian Parliament has approved the Commonwealth Government's Flood and Cyclone Levy Bill, which has earmarked some $5.6 billion in funds for the reconstruction of severely damaged townships.
The Australian stock market has indefinitely been derailed by its new system, prompting officers to close the market earlier today.
The Australian Parliament is implored to veer away from its "populist approach on economic and other business policies especially on taxation that have been discouraging to both local businesses and foreign investors alike.
Those SUVs keep on rolling out from car dealers’ stations and helped Australian motor vehicle sales surging as of the month of October, according to the latest car sales figures furnished by the Federal Chamber of Automotive Industries (FCAI) on Thursday.
Strativity Group, a leading provider of customer experience services, today announced it has opened an office in Sydney to support growing interest from Australian and New Zealand organisations in adopting customer-centric approaches and proactively managing their customer experiences.
A mixed performance of global stocks is seen to create a bearish mood in the Australian stock markets today.
Chi-X Global Inc. is still set to work towards launching in March 2011, in spite the growing threat of a tougher competitive environment with the bid takeover of the Singaporean bourse of rival ASX Ltd.
Business confidence remains high albeit a very slight tinge of wariness in the country's business sector. This is according to the latest of the National Australia Bank's quarterly business survey published today.
Local stocks pulled back slightly today, but still mirrored the weakness of Wall Street as the benchmark S&P/ASX200 index was down 10 points, or 0.21 per cent, at 4,681.3 points, while the broader All Ordinaries index had eased 5.9 points, or 0.12 per cent, to 4,740.3 points.
The South Korean manufacturer Hyundai in the Australian division announced the launch of the 2011 Grandeur yesterday. The latest Grandeur is a modified and fine-tuned version of the existing model. The transformations are not that massive and mostly engaged in visual issues and trim levels, but Hyundai hopes the car will be given a new charm with the facelift.
Majority of cab drivers in Canberra Australian Capital Territory (CAT) expressed their disapproval over the suggestions made that an extra taxi license be issued across the region.
