In March 1968, a Soviet Golf II submarine carrying nuclear ballistic missiles exploded and sank 1,500 nautical miles northwest of Hawaii. Five months later, the US government discovered the wreckage—and decided to steal it. So began Project AZORIAN, one of the most absurdly ambitious operations the CIA has ever…
When a oil gets cheap, Americans shortsightedly decide they suddenly have more money to burn on a vehicle. Except for the ones selling the oil.
As of 11 AM Eastern Standard Time on January 20th, 2016, anybody can buy a domain for their website that ends in “.cars,” “.car” or “.auto” as opposed to “.com” or any of the other numerous suffixes currently in use. Go get one already.
Turkish Prime Minister Ahmet Davutoglu said he'd "buy 10 riot trucks for each one burned down," while raging about property damage wrought by protests. Apparently investors took his word for it.
192,951 pickup trucks were sold in the US last month, down just a hair from 216,452 in August. Sales of every model dipped except for the Nissan Frontier (up almost 100 units) and the Chevrolet Silverado (up just under 1,000). Chevy and GMC combined beat Ford for the second month in a row.
Chrysler has redesigned the Warren Truck Assembly Plant to churn out an additional 5 Ram trucks every hour, which translates to 100 a day or 38,565 per year. Healthy demand has given them the confidence to invest in production.
A third shift is being added to the factory that makes the 2014 Toyota Tacoma in Baja, Mexico. Toyota says they're doing it to free up space at their Texas facility to build more Tundras, I reckon they're sharpening swords for war with the Chevy Colorado.http://truckyeah.jalopnik.com/dealers-want-s...
Automakers and dealerships had record sales this summer on new vehicles. But the availability of cheap credit, generous factory incentives, and heavy discounts meant that many buyers found new cars a better value than used. With used car inventories piling up, prices are dropping.
General Motors reports they've already had "nearly 30,000 orders" from dealers for the 2015 Chevrolet Colorado. To fill the expected continuous demand, they're increasing staff at the Wentzville, Missouri plant again by almost 30%.
Financial analysts have been raising concerns about the amount of sub-prime lending happening within the auto industry. Some are worried about a lending bubble that could have a negative impact on the economy. But lenders are actually scaling back the the numbers of high-risk auto loans.
Last month Americans bought 8,425 more pickup trucks than they did in June. Ford F-Series, which eeked out a sales victory over GM's pickups in June, more than doubled its lead despite Sierra getting a substantial sales bump. The Nissan Titan still wallows in last place, 268 sales behind the Honda Ridgeline.
Total new pickup truck sales in the US stand at 1,086,956 through the first half of 2014. Ford is still ahead of GM, but the gap is tightening. Here's how each manufacturer and model ranks in popularity.
Derek Thompson of The Atlantic says trucks are so hot right now— selling at more than twice the rate of cars and essentially driving American transportation spending. He's got some great graphs, but is he right?
Ford and Navistar had been collaborating since 2001. Nav had the factory, Ford had the money, and they each got their own brand of medium-duty commercial trucks out of the deal. But Ford's broken off to go proprietary, and just like that former friends become rivals.
FCA head shed Sergio Marchionne said "my gut it tells me we'll still be building a steel truck in 2018," at yesterday's all-day investor meeting, but he acquiesced that he wants aluminum "in the portfolio," and didn't deny the Wrangler was the best place to put it.