July 24, 1996
New home sales in Orange County increased 19% during the second quarter from the same time last year, a real estate consulting firm said. A total of 2,399 new homes were sold in the second quarter, up from sales of 2,016 a year ago. Second-quarter sales were up 15% from the first quarter this year, when 2,086 new homes were sold. "The signs are promising for the Orange County new home market," said Heidi Gothard, consultant for the Meyers Group in Irvine, which provided the data.
May 28, 2011 |
When it comes to cars, four is the new six. Stung by high gas prices, more Americans are seeking cars that can get 30 to 40 miles a gallon. And automakers, facing tougher federal fuel economy standards, are eager to meet that demand. Four-cylinder engines now account for about 65% of all cars built in the U.S., Canada and Mexico, up from 48% five years ago. Six-cylinder vehicle production slipped to 25% from nearly 40%. The shift marks one of the biggest transitions since the 1980s, when domestic car buyers traded in their big V-8s for smaller six-cylinder power plants.
CALIFORNIA | LOCAL
July 28, 2004 |
The lingering sting from Orange County's 1994 bankruptcy may soon be a little less painful. The Board of Supervisors on Tuesday hired a consultant to help the county figure out the best way to pay back some of its bankruptcy debt early -- a strategy that could save the county about $143 million, one county official said. Orange County declared bankruptcy in 1994 after a risky borrow-and-invest strategy backfired, causing more than $1.6 billion in losses.
June 3, 2011 |
Car engines are getting smaller. Ford Motor Co. plans to add a three-cylinder engine to the lineup of vehicles it sells in North America. The automaker on Thursday unveiled details for the new power plant but did not say which models will have it, noting only that it will be in small cars. More specific information on what cars will have the engine is expected later this year. The new 1.0-liter EcoBoost three-cylinder — the smallest engine Ford has ever built — is patterned on the same technology used in much bigger vehicles, including Ford's F-150 pickup truck.
December 12, 2013 |
America's cars, trucks and SUVs took a record step in 2012 toward a cleaner future, with the average fuel economy for new vehicles hitting an all-time high of 23.6 miles per gallon, according to a new report released by the EPA. That average is a 1.2 mpg increase over 2011 vehicles, a jump that is the second highest in the last 30 years. Fuel economy has increased in seven of the last eight years, the agency announced in Thursday's report. "Today's new vehicles are cleaner and more fuel efficient than ever, saving American families money at the gas pump and helping to keep the air that we breathe cleaner," Janet McCabe, acting assistant administrator for EPA's Office of Air and Radiation, said in a statement.
August 28, 2012 |
WASHINGTON -- The Obama administration on Tuesday announced the final version of proposed landmark fuel-economy standards that would almost double the average gas mileage for each automaker's passenger vehicle fleet to 54.5 miles per gallon by 2025. Initially proposed a year ago, the final rules mark the latest step in a lengthy campaign by the administration to reduce greenhouse gas emissions and oil consumption. They build on the administration's ambitious standards that raise the average to 35.5 mpg over five years, ending with the 2016 model year.