If you miss seeing the Air Force's Thunderbirds jet demonstration team performing, Ford has come up with the next-best thing -- a Mustang that has the same paint job. Let's just say it flies along the pavement.
U.S. auto sales rose at the strongest rate in more than five years in June, propelled by a surge in pickup truck demand, lending new confidence to industry executives’ belief the nation’s auto recovery has more room to run.
General Motors Co. predicted June’s annualized selling clip would hit 15.8 million cars and light trucks. That would be the fastest selling pace since November of 2007. A total for June was not available early Tuesday because some auto makers were still calculating their sales figures.
The trade deficit in the U.S. unexpectedly jumped in May as imports climbed to the second-highest level on record, pointing to an economy that is overcoming higher taxes and government cutbacks.
The gap widened by 12.1 percent to $45 billion, the biggest since November, from $40.1 billion in April, Commerce Department figures showed today in Washington. The median forecast in a Bloomberg survey of 71 economists called for a $40.1 billion deficit. The value of imports at $232.1 billion was second only to a record $234.3 billion in March 2012.
Ford Motor Co. says it has used a federal grant to develop a first-of-its-kind stamping technology that will allow it to create low-volume auto parts at essentially no cost.
Dubbed Ford Freeform Fabrication Technology, the process — created at the automaker’s Research and Innovation Center — could soon allow consumers to customize bodywork on new vehicles, all while eliminating the high cost and wait that comes with engineering a stamping die.
Labor unions and U.S. automotive manufacturers have outlined the concrete steps that they say the Office of the U.S. Trade Representative must take in order to ensure that the inclusion of Japan in the Trans-Pacific Partnership (TPP) talks does not end up harming U.S. companies and workers. On currency manipulation, these groups are aligned, but there appear to be some differences between them on issues like "managed trade" and rules of origin.
The groups made presentations outlining their view at a July 2 hearing of the Trade Policy Staff Committee on Japan's participation in TPP.
Matt Blunt, the president of the American Automobile Policy Council (AAPC), made clear that his group cannot support a final TPP deal unless its demands are met. "Unless the United States secures all of the commitments from Japan that we outlined in our June 9 submission, it will be impossible for the AAPC to support the TPP agreement," Blunt argued at the hearing.
Detroit's Big 3 automakers reported strong sales gains in June, compared to the same month a year ago.
Ford reported a 13% driven by a 24% jump for the profitable F-150 pickups, Chrysler Group said sales were up 8% (its 39th consecutive monthly sales gain) and GM rose 6%.
It's the brand known for winning World War II, for providing reliable transportation for American G.I.'s under the toughest conditions for generations. And lately, it has come to symbolize American ruggedness and a sense of adventure.
So perhaps it's appropriate that Chrysler Group's Jeep brand is named in a survey as the most patriotic brand from 197 famous brand names in 35 categories.
DEARBORN, Mich., July 2, 2013 – Ford Motor Company’s U.S. June sales grew 13 percent compared with a year ago, marking Ford’s best June sales results since 2006. Cars are up 12 percent, utilities are up 8 percent, and trucks are up 20 percent.
July 2, 2013 , Auburn Hills, Mich. - Chrysler Group LLC today reported U.S. sales of 156,686 units, an 8 percent increase compared with sales in June 2012 (144,811 units), and the group’s best June sales since 2007.
The Chrysler, Jeep®, Dodge, Ram Truck and FIAT brands each posted year-over-year sales gains in June compared with the same month a year ago. The Ram Truck brand’s 23 percent increase was the largest sales gain of any Chrysler Group brand in June. Chrysler Group extended its streak of year-over-year sales gains to 39-consecutive months in June.