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BUSINESS
January 22, 2009 | Times Staff and Wire Reports
Gov. Arnold Schwarzenegger isn't waiting to press the Obama administration on one of California's top priorities -- regulating greenhouse gas emissions from automobiles. The Republican governor sent a letter to the new president asking him to give California and other states permission to implement tough tailpipe-emission standards. He wants the Environmental Protection Agency to reverse a 2007 Bush administration decision that states did not have authority to impose greenhouse gas standards for new cars and light trucks.
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BUSINESS
August 20, 2008 | From Bloomberg News
Automotive wheel maker Superior Industries International Inc. said Tuesday that it planned to cut 29% of its U.S. workforce and shut a Kansas plant because of lower sales of pickups and sport-utility vehicles. The Pittsburg factory will close Dec. 19, accounting for about 600 of the job cuts, the Van Nuys company said. Superior said it would eliminate 90 vacant positions and lay off 65 workers. Suppliers of parts for pickups, vans and SUVs have lost business as rising U.S. gasoline prices have damped demand for the light trucks.
BUSINESS
July 12, 2008 | Alana Semuels, Times Staff Writer
It's the ultimate marketing challenge: Persuading people to buy something that they don't seem to want anymore. These days, that something would be gas guzzlers. Sales of light trucks declined 28% in June from the same period last year, according to Autodata Corp. With dealers stuck with tens of thousands of big vehicles on their lots, the automakers' advertising agencies are under pressure to come up with a way to move them.
BUSINESS
December 21, 2006 | From Bloomberg News
CarMax Inc., the largest used-car dealer in the U.S., said Wednesday that its fiscal third-quarter profit almost doubled and raised its full-year forecast for the second time in three months as customers bought more luxury cars and light trucks. The shares jumped 8.5%, the biggest one-day gain in nine months and closed at a record. Net income rose to $45.4 million, or 42 cents a share, from $22.9 million, or 22 cents, in the same period a year earlier. The Richmond, Va.
NEWS
May 5, 2006 | Arthur J. Magida, ARTHUR J. MAGIDA's new book, "Opening the Doors of Wonder," will be released in the fall.
IT WAS THE BEST of times: I'd bought a brand-new 1974 Fiat 124 sport coupe the year before for $3,500; gas was only 58 cents a gallon, and I was still so spry that I could drive all night from a weekend trip and somehow report to work Monday morning fresh and alert and more or less useful to my employers. It was the worst of times: As an environmental reporter in Washington, I interviewed a maverick geologist, M. King Hubbert, who told me that oil production from the Lower 48 had already peaked and that our days of carefree joyriding were doomed.
BUSINESS
August 24, 2005 | Roger Vincent, Times Staff Writer
The Bush administration on Tuesday proposed higher fuel mileage standards for most sport utility vehicles, pickup trucks and minivans, but environmentalists assailed the plan -- which spares gas-guzzling giants such as the Hummer H2 and Ford Excursion -- as insufficient. Transportation Secretary Norman Y. Mineta, standing next to pumps at a Mobil station in Los Angeles where premium fuel was selling for $2.
OPINION
December 23, 2002
The administration's plan to increase the average gas mileage for SUVs, vans and light trucks 1.5 miles per gallon by 2007 is too little, too late (Dec. 13). Our nation's plans to reduce dependence on foreign oil since the OPEC embargo in the '70s are being compromised by the increasing population of gas-guzzling SUVs and pickups. Perhaps it is time to include these vehicles under the same federal tax formula paid by consumers for passenger cars that are classified as gas guzzlers.
BUSINESS
September 20, 2002 | JOHN O'DELL, TIMES STAFF WRITER
Toyota Motor Corp. will announce this morning plans to build a truck assembly plant in Tijuana, part of a major North American expansion. Today's announcement ends months of speculation about the Japanese auto maker's plans for enlarging its presence in Mexico. The plant will be built on a 700-acre site Toyota owns in the Baja California border city. Toyota is already building a plant there for production of pickup truck beds for its small pickup, the Tacoma.
BUSINESS
September 10, 2002 | From Times Staff and Wire Reports
Building on Toyota Motor Corp.'s successful factories in the U.S. and Canada and seeking to increase its global market share to 15%, Toyota's chairman said Monday that Japan's largest auto maker is considering building a fifth assembly plant in North America. "The population in North America is growing and therefore vehicle demand will grow," Chairman Hiroshi Okuda told reporters in Tokyo. "If we want to keep our market share at around 10%, then a new plant will be necessary."
AUTOS
August 7, 2002 | RICK POPELY, CHICAGO TRIBUNE
In response to consumer and lawmaker outrage over the accidents, injuries and deaths blamed on faulty and since- recalled Firestone tires, the federal government has mandated that tire pressure monitors be phased in as standard equipment on cars and light trucks over three years, beginning Nov. 1, 2003.
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