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Latest news

  • Chrysler-Fiat CEO Sergio Marchionne said Saturday that the auto industry will need to meet proposed 54.5 mpg standards by 2025, and can do so despite NADA's opposition to the proposal.
    10:50 pm on February 4, 2012
     
  • Dealers are expressing 'widespread frustration' over automaker requirements that force them to spend big on renovating their facilities but with little evidence of a payback, said Stephen Wade, in his farewell address as chairman of the...
    9:45 pm on February 4, 2012
     
  • Subaru is targeting a 20 percent surge in sales in the United States to a record 320,000 units in 2012, helped by the debut of such new models as the BRZ sporty coupe and the XV small crossover.
    8:05 pm on February 4, 2012
     
  • NADA presented a bullish outlook for this year, forecasting that U.S. light-vehicle sales could hit 13.95 million.
    5:13 pm on February 4, 2012
     
  • New light-vehicle leasing increased in 2011 from a year earlier, to 20 percent of U.S. retail sales, according to the Manheim 2012 Used Car Market Report.
    1:00 pm on February 4, 2012
     
  • The National Automobile Dealers Association's long-awaited study of automakers' facility-renovation mandates concludes they cost too much, produce uncertain results and matter little to shoppers.
    1:00 pm on February 4, 2012
     
  • Institute for Medical and Biological Problems

    These astronauts' mission to Mars took place in a parking lot.

    A simulated Mars exploration mission located in a Moscow parking lot has garnered a British DAFTA award for one of the most daft news items of 2011.

    Taking home the prize in the Weird Science category, the Mars-500 simulation exercise was organized by the Moscow-based Institute for Medical and Biological Problems in co-operation with the European Space Agency.

    Standing in for the Mars spacecraft — a bus-sized shipping container lined with wood panelling. Six volunteer astronauts were paid about $100,000 apiece for spending 18 months inside the container, where they ate space food, played video games such as Counter-Strike and conducted experiments.

    Long-distance communication with Earth was simulated by deliberately delaying messages from the home planet as they approached Mars.

    The astronauts emerged on to the parking lot only once during the mission, wearing spacesuits and picking their way across a strategic coating of red sand designed to simulate a Mars landing.


    9:00 am on February 4, 2012
     
  • AutoTrader, which runs a Web site linking buyers and sellers of new and used cars, is talking to banks about a potential initial public offering, a person with knowledge of the discussions said today.
    10:21 pm on February 3, 2012
     
  • SPX Service Solutions and Aker Wade Power Technologies plan to jointly develop EV fast chargers for the global vehicle market, the companies said today.
    7:33 pm on February 3, 2012
     
  • Hyundai Motor America, which doubled the industry's 10 percent sales gain in 2011, will not see similar gains this year, its top executive said.
    7:11 pm on February 3, 2012