Durable Goods Orders Fell 1% in June
Durable goods orders fell 1% in June, the second straight monthly decline.
New orders in June fell $2 billion to $190.5 billion, the Commerce Department said in a statement. Excluding transportation, new orders fell 0.6%. Excluding defense, new orders fell 0.7%.
Durable goods orders fell 0.8% in May.
Continue reading Durable Goods Orders Fell 1% in June
Durable Goods Orders Fell 1% in June originally appeared on DailyFinance on Wed, 28 Jul 2010 08:23:00.
Filed Under: Company News, Economy
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Durable Goods Orders Fell 1% in June
Tags: durable-goods, media, new-orders, orders-fell, second, strong-sales, technology, trading, transportation
Appeals Court Rejects Effort to Create Hybrid Taxi Fleet
Jul 27, 2010 Object
A federal appeals panel ruled that the city’s attempt to force taxi fleet owners to upgrade to hybrids amounted to regulating fuel efficiency, something that only the federal government is allowed to do.
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Appeals Court Rejects Effort to Create Hybrid Taxi Fleet
Tags: begun-taking, force-taxi, highlights, hybrid vehicles, img-alt, only-the-federal, panel-ruled, plug, regulating-fuel, transportation
Honeywell Reports 2Q Earnings of 60 Cents Per Share
Honeywell (HON) reported earnings of 60 cents per diluted share, unchanged from the second quarter of 2009. Sales rose 8% to $8.2 billion, driven by strong gains in transportation systems and specialty materials.
Earnings excluding non-cash pension expenses were up 24% to 78 cents a share, the company said in a statement.
“We believe the recovery is happening,” said Honeywell CEO Dave Cote….
Continue reading Honeywell Reports 2Q Earnings of 60 Cents Per Share
Honeywell Reports 2Q Earnings of 60 Cents Per Share originally appeared on DailyFinance on Fri, 23 Jul 2010 07:27:00.
Filed Under: Company News, Technology, Economy, Earnings
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Honeywell Reports 2Q Earnings of 60 Cents Per Share
Tags: bac, diluted-share, earnings-season, goldman sachs stock, goldman-sachs, maybe-investors, systems-and, transportation, unchanged-from
Ford Reports $2.6 Billion Profit in Second Quarter
U.S. automaker Ford drove to a $2.6 billion profit in the second quarter, zooming past analyst expectations. Looking forward, CEO Alan Mulally said that he expects “even better financial results in 2011.”
Continue reading Ford Reports $2.6 Billion Profit in Second Quarter
Ford Reports $2.6 Billion Profit in Second Quarter originally appeared on DailyFinance on Fri, 23 Jul 2010 07:25:00.
Filed Under: Company News, Economy, Earnings, Ford Motor Co, Autos
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Ford Reports $2.6 Billion Profit in Second Quarter
Tags: diluted-share, earnings estimates, earnings reports, earnings-season, entry, ford-motor-co, goldman sachs stock, maybe-investors, news, systems-and, transportation, unchanged-from, zooming-past
Report: 2011 Ford SYNC system can block features while vehicle is moving
Filed under: Technology, Ford
Ray LaHood, the Department of Transportation’s boss, recently had the revelation that looking down at your phone for four seconds while behind the wheel means you’re “driving the length of a football field without watching the road.” The DoT goes on to claim that distracted driving took the lives of up to 6,000 Americans in 2008 alone, with many more severely injured. Ford knows the stats and believes that texting while driving should be banned, but at the same time, many of the company’s vehicles come with SYNC, arguably the most interactive infotainment system on the market.
The Detroit News reports that Ford’s second generation SYNC system will address distracted driving head-on with the ability to block out all external stimuli while the vehicle is in motion. The “Do Not Disturb” switch will be available first in the MyFord Touch-equipped 2011 Ford Edge and Lincoln MKX models. The DND button will block phone calls and text messages while retaining hands-free calling and 911 Assist, which dials up 911 in the event of an emergency. Also blocked is typing on a keypad for text or Internet and narrowing navigation and phone choices. The only question now is: Who’s going to turn the feature on?
[Source: Detroit News]
Report: 2011 Ford SYNC system can block features while vehicle is moving originally appeared on Autoblog on Thu, 08 Jul 2010 14:32:00 EST. Please see our terms for use of feeds.
Tags: a-small-group, automotive, available-first, department, entry, revelation, sync distracted driving, tech, took-the-lives, touch-equipped, toyotaproductdevelopment, toyotarecallaccelerator, transportation
Chrysler expands 60-day ‘risk-free’ return policy to Jeep, Dodge and Ram
Jul 8, 2010 Object
Filed under: Car Buying, Marketing/Advertising, Chrysler, Dodge, Jeep
Back in February, Chrysler rolled out its “Minivan Pledge,” which gave customers the choice of returning their vehicle within 60 days if they were unhappy in any way. The program must have been successful for Team Pentastar, because the program is now being expanding to all Chrysler, Dodge, Jeep, and Ram Truck models. Chrysler Lead Executive for U.S. Sales Fred Diaz says in the company’s press release that the program will give customers “the confidence to know they made the right purchase or they can return the vehicle no questions asked.”
Chrysler has also announced July incentives, which, we’re guessing, will render the 60 day guarantee almost completely useless. See, customers will be able to choose from incentives like zero percent financing for up to 72 months, cash rebates of up to $4,000 or the 60-day guarantee. So if you’re in, say, a Dodge dealership and you’re given a choice of $4,000 on the hood or a 60-day return policy that can only add up to $1,000 ($500 per month), which would you take? Hit the jump to read the Chrysler press release.
[Source: Chrysler | Image: Joe Raedle/Getty]
Continue reading Chrysler expands 60-day ‘risk-free’ return policy to Jeep, Dodge and Ram
Chrysler expands 60-day ‘risk-free’ return policy to Jeep, Dodge and Ram originally appeared on Autoblog on Thu, 08 Jul 2010 14:01:00 EST. Please see our terms for use of feeds.
Tags: a-friend-via, available-first, chrysler minivan pledge, dodge, image, jeepincentives, jeeprebates, minivan-pledge, tech, toyotaproductdevelopment, transportation
Bugatti Veyron Super Sport Sets Speed Record
Jul 6, 2010 Object
The soon-to-be-released 1,200-horsepower supercar reached 267.86 miles per hour at the Volkswagen Group’s proving grounds in Germany.
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Bugatti Veyron Super Sport Sets Speed Record
Tags: 267-86-miles, angering-the, broaden-the, bugatti, debate, envision-solar, hour-at-the, proving-grounds, solar, sports-cars-, super sport, transportation, volkswagen-
Lobbyists Try to Reframe Distracted Driving Issue
Jul 6, 2010 Object
An electronics trade group and a lobbying firm have been pushing separate efforts to broaden the debate’s focus to cover all in-car distractions, angering the Transportation Secretary.
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Lobbyists Try to Reframe Distracted Driving Issue
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Report: Gibbs Aquada amphibious car hobbled by federal requirements, but aqua-ATV on the way?
Jul 6, 2010 Object
Filed under: Convertible, Performance, Government/Legal, Plants/Manufacturing, Safety, Specialty, Off-Road
Gibbs Technologies Aquada - Click above for high-res image gallery
The Man is back to his old tricks again: this time doing his best to keep down a fledgling amphibious car manufacturer. Gibbs Technologies is reportedly running into a tangle of regulation when it comes to bringing its Aquada to market - an amphibious vehicle that’s said to be just as home on the lake as it is motoring around your neighborhood. According to TheDetroitBureau.com, the main issue seems to be that regulatory bodies want the car to conform to safety and emissions standards for both cars and boats. Unfortunately, those two worlds aren’t exactly compatible. For starters, the EPA wants the Aquada to use a standard catalytic converter. Unfortunately, the emissions equipment needs to operate at close to 1,500 degrees Fahrenheit - nearly 1,200 degrees more than what the U.S. Coast Guard allows on a typical watercraft.
Things get even more complicated on the safety front. The National Highway Transportation Safety Administration wants the Aquada to come equipped with airbags, only Gibbs Technologies worries that pounding from waves will set the devices off accidentally - a scenario that we’d rather not encounter.
In order to help put some of the worries surrounding the Aquada aside, the company is planning to release an amphibious ATV called the Quadski. With a top speed of around 45 mph on both land and water, the craft should be the Aquada’s high-strung younger brother without many of the same thorny legal issues. So far, Gibbs hasn’t released any photos or information on the Quadski, but the company plans to begin selling the craft next year.
Gallery: Woodward 2008: Gibbs Aquada
[Source: The Detroit Bureau]
Report: Gibbs Aquada amphibious car hobbled by federal requirements, but aqua-ATV on the way? originally appeared on Autoblog on Tue, 06 Jul 2010 09:29:00 EST. Please see our terms for use of feeds.
Tags: a-friend-via, amphibiouscar, aquada, kiwi, lake, supercar, time, transportation
First Drive: 2011 Smart ForTwo Electric Drive makes a lot of sense for a few people
Filed under: Convertible, Coupe, Technology, Smart, Reviews, Electric
2011 Smart ForTwo Electric Drive - Click above for high-res image gallery
As a population, the way we approach transportation hasn’t changed significantly since the aircraft first fluttered onto the scene way back in 1903. In over 100 years, we’ve simply been refining the recipe we know the best instead of coming up with a new brew all together. Doing so has inextricably tied our civilization to the internal combustion engine, complete with all of its pitfalls. While we’ve more or less known that roping ourselves to oil is neither sustainable nor responsible since the early ’70s, it wasn’t until gas prices went haywire that the American population realized just how dependent it was on the black stuff.
Conveniently, with those astronomical figures at the pump came the plucky little Smart ForTwo, a car that symbolized what could be accomplished if a driver were willing to sacrifice everything for a low-cost, high-efficiency vehicle. With fuel prices hovering above $4.00 per gallon, sales exploded for a short time, and news outlets around the country heralded Smart as the face of the future for U.S. transportation. But it wasn’t long before gas prices crawled back down, and Smart sales went catatonic just as quickly as they took off.
Now the company has jumped into the race to be one of the first to bring a completely viable electric vehicle to market with the 2011 Smart ForTwo Electric Drive. It’s a move that just might alter the transportation landscape for good - not just in the U.S,, but around the globe.
Photos by Zach Bowman / Copyright (C)2010 Weblogs, Inc.
Continue reading First Drive: 2011 Smart ForTwo Electric Drive makes a lot of sense for a few people
First Drive: 2011 Smart ForTwo Electric Drive makes a lot of sense for a few people originally appeared on Autoblog on Thu, 24 Jun 2010 11:57:00 EST. Please see our terms for use of feeds.
Tags: a-driver-were, a-short-time, electric-drive, entry, first-drive, since-the-early, smart fortwo, smartfortwo, transportation
