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BUSINESS
August 6, 2012 | Bloomberg News
U.S. banks are relaxing their terms on credit cards and lending for autos and commercial real estate, according to a Federal Reserve survey. "Domestic banks, on balance, continued to report having eased their lending standards across most loan types over the past three months," the Fed said Monday in its quarterly survey of senior loan officers. Banks in the United States are lending the most since the recession ended in June 2009, supporting an economy burdened by 8.3% unemployment.
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BUSINESS
December 12, 1993
Electric car enthusiasts have little to cheer about with limited demand for a $30,000 novelty ("Driving Force Behind Electric: Utilities Take on Detroit in Defending Green Rules," Nov. 24). Aside from battery cost, production of a basic electric auto should compete in the "under $10,000" range. No fuel system, no hydraulic system, no vacuum system, no cooling system or ignition, etc. Where is all the cost? Are manufacturers expecting to recoup all research expenses in their first months of limited production?
BUSINESS
October 31, 2012 | By W.J. Hennigan
LAS VEGAS -- Jonathan Ward, founder of ICON autos in Chatsworth, likes to take iconic utility vehicles and give it a new spin. The Toyota Land Cruiser . The Willys CJ3B . The Ford Bronco . On the latest project, the crew at ICON took on the 1965 Dodge crew cab. ICON unveiled a special one-off Power Wagon D200 Reformer at the Optima booth at the Specialty Equipment Market Assn. trade show in Las Vegas. Photos: Highlights from the 2012 SEMA Show Painted in glossy white with black accent, the truck has a new chassis and mechanical systems taken from a modern-day Dodge Ram 3500 series pickup.
BUSINESS
October 15, 2006
Regarding "Analyst Backtracks on Hybrids," Oct. 5: I read with dismay that analyst Philip Gott has changed his thoughts about hybrid autos and sees diesels as more promising. He didn't speak with me, or any of the other hybrid owners with whom I speak. I couldn't be happier. Although my primary motivation for buying my Toyota Prius was environmental, I am enjoying my once-monthly visit to the gas station. I am getting 48 to 51 miles per gallon, and at $2.60 a gallon, my last tank cost me $25. The next time you're stuck in the parking lot known as the Los Angeles freeway system, especially during a SigAlert, consider all your fellow motorists and their idling engines, spewing out their hydrocarbons into our air.
BUSINESS
February 7, 2012 | By Jerry Hirsch, Los Angeles Times
Fisker Automotive has stopped work at a former General Motors auto plant in Delaware, where it plans to build Project Nina, a family-size plug-in hybrid expected to sell for about $50,000. The Anaheim auto company laid off 26 workers at the plant and let go 40 contract employees working at its headquarters. That leaves the company with about 600 employees working on automotive development in Anaheim. The company said it "delayed work at the plant based on ongoing discussions" with the Department of Energy "regarding funding for the Project Nina program.
BUSINESS
July 24, 2010 | By W.J. Hennigan, Los Angeles Times
Bolstered by strong sales of new car models such as the Fusion and redesigned Taurus, Ford Motor Co. said Friday that its second-quarter profit rose 13% to $2.6 billion. The results — Ford's best in six years — beat Wall Street expectations and marked the automaker's fifth consecutive profitable quarter. Sales climbed to $31.3 billion from $27.2 billion a year earlier. Buyers have been attracted to Ford's lineup of fuel-efficient cars and new high-tech features such as Sync, an in-car communications and entertainment system developed by Ford and Microsoft Corp.
BUSINESS
February 17, 2011
Specs box for Lincoln MKX; Dave ext 32491; cell 310-571-5233 Copy ed: drogers, 77754 Slot: minh 77078 2011 Lincoln MKX FWD Base price: $39,995, including destination charge Price, as tested: $50,680 Powertrain: 3.7-liter 24-valve V-6 with twin independent variable camshaft timing; six-speed automatic transmission with manual shifting Horsepower: 305 at 6,500 rpm Torque: 280 pound-feet at...
BUSINESS
July 7, 2011
2012 BMW 650i convertible Base price: $91,375 (including destination charge) Price, as tested: $103,525 Powertrain: 4.4-liter, twin-turbocharged, DOHC, 32-valve V-8 with VVT; eight-speed automatic transmission with manual shifting and sport mode. Horsepower: 400 at 5,500-6,400 rpm Torque: 450 pound-feet at 1,750-4,500 rpm 0-60 acceleration: 4.9 seconds Curb weight: 4,531 pounds Wheelbase: 112.4 inches Overall length: 192.8 inches EPA fuel economy: 16 mpg city/24 mpg highway Final thoughts: Choose your own adventure.
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