Auto sales rose in the United States in June, particularly some new, more fuel-efficient models. On Friday, Chrysler reported that it sold 30 percent more vehicles than during the same period one year ago, while Ford’s sales were up 14 percent and GM’s rose 10 percent. Earlier this year, auto sales were hurt when Japan’s […]
Australia Announces Massive Selloff of Military Equipment
Posted June 29th, 2011 at 7:00 am (UTC-5)
The Australian military says it will sell dozens of ships, aircraft and armored vehicles in the biggest disposal of surplus military equipment since the end of World War Two. The military announced Wednesday it will sell 24 ships, more than 200 aircraft of various types, and 600 armored vehicles over the next 15 years. The […]
China Forecast to Overcome US as World’s Biggest Car Buyer
Posted June 15th, 2011 at 8:10 pm (UTC-5)
A U.S. market research firm says light-vehicle sales in China are eclipsing sales in the United States and that China could become the world’s biggest car buyer this year. J.D. Power and Associates, which tracks the auto industry, said that in 2011, automakers expect to sell more than 18 million vehicles in China, which is […]
Auto Sales Shift into Reverse
Posted June 1st, 2011 at 3:35 pm (UTC-5)
Some of the world’s biggest automakers are blaming the Japanese tsunami, higher gasoline prices and jittery consumers for sending new vehicle sales into reverse. Japanese automaker Toyota took the biggest hit, reporting a 28 percent drop in May sales compared to the same time last year. The world’s largest car company experience severe production delays […]
