For months, pictures have been circulating around the ol’ internet showing a fabricated building that housed millions of dollars in exotics and desirable muscle cars. The story itself is equal parts urban legend and rehashed facts, none of which help to provide any closure to enthusiasts who can’t stand seeing a rare car ignored. The “collection,” as it were, may already be split up and sold, making us gnash our teeth for nothing. No matter what, the pictures are jaw-dropping to look at.
When the pictures first began circulating, there was plenty of astonishment and horror to go around. A few folks claimed to know the individual who owned the vehicles and that this was much ado about nothing: he owned the cars, he knew what he had, [...]
HARTFORD — A construction project in Danbury has been named one of the worst in the country.
The Connecticut Public Interest Research Group Education Fund and the Frontier Group narrowed down nine of the most wasteful highway projects across America.
Their report, “Highway Boondoggles” identified the I-84 expansion in Danbury as a waste of $715 million and say traffic in the area has not increased in the last decade.
The report supports prioritizing rail and transit upgrades over widening highways.
Federal data shows more than 300 Connecticut bridges are structurally deficient that’s about 8 percent of all bridges in the state. Also, more than half of Connecticut public roads are in poor condition.
Other projects named in the report were:
I-405 Widening, California, $1.9 billion – Widening one of the nation’s busiest stretches of Interstate highway in Orange County would draw new traffic to the road, create new bottlenecks, and replicate the failed approach [...]
I know there isn’t such a thing as a new 1987 Buick, but this pair of Grand Nationals is about as close as you’re going to get. Apparently, the owner purchased these new and simply parked them in his garage. And that’s pretty much where they have stayed ever since. A while back, the owner decided it was time to move on, so they posted the cars on Facebook with an asking price close to $200k! That’s a crazy amount of money for any automobile, but it caught the eye of one Grand National fan named William. He decided to contact the guy just to have a look and boy was he glad he did!
It sounds like the seller is a bit eccentric. He required William to jump through [...]
Ford announced Wednesday that it will move its entire small car operation from America to Mexico.Over the next two to three years, we will have migrated all of our small car production to Mexico and out of the United States, said Ford CEO Mark Fields, during an investor conference it was hosting in Detroit, Michigan.
Over the next two to three years, we will have migrated all of our small car production to Mexico and out of the United States, said Ford CEO Mark Fields, during an investor conference it was hosting in Detroit, Michigan.The move is likely to set off a firestorm during the U.S. presidential race, where blue-collar jobs and relations with Mexico are both highly contentious topics.
Gas prices in Atlanta spiked to almost $5 dollars a gallon Monday after a pipeline broke, causing a major disruption in fuel shipments.
This has caused gas prices to spike across much of the south, with stations charging as much as $4.59. The price spike has caused the governor of Georgia to sign an executive order preventing gas prices from rising considerably more. The average price per gallon for regular gasoline in Atlanta climbed to $2.40 Sunday, up from $2.17 just a week ago.
“It’s price-gouging. Taking advantage of the situation. It’s the only place that’s got (gas) in our area and we’re on empty,” one driver told The Associated Press.
Construction has already begun on a temporary pipeline which will bypass the leaking section. The company gave no timetable [...]
Comments Off on Dodge Charger, F-250 popular with car theives
The most theft-prone vehicle in America might be the Dodge Charger. Or it might be the Ford F-250 pickup truck.
Those are the contradictory conclusions of the National Highway Traffic Safety Administration and the insurance industry-funded Highway Loss Data Institute.
Still, the government agency and private group agree that the theft of late-model vehicles is on a rapid decline in the United States. One reason: automakers’ increasing use of ignition immobilizers, which stop thieves from hot-wiring cars. Nearly 90 percent of 2012 models are equipped with them.
In a report released on Monday, NHTSA said the car stolen most often during the 2011 calendar year was the Charger, with 4.8 thefts for every 1,000 cars produced in 2011. It was followed by the Mitsubishi Galant, Hyundai Accent, Chevrolet Impala and Chevrolet HHR among vehicles with more than 5,000 [...]
Comments Off on BMW extends global sales lead over Audi, Mercedes in June
Global sales of BMW Group’s core brand rose faster in June than at Audi and Mercedes-Benz as demand from China and the United States helped the premium carmaker to extend a lead over the two rivals in the first six months of the year.
Sales at the brand were up 9 percent last month to 153,075, the group said today, compared with growth of 5 percent to 140,300 and 8 percent to 131,609 at Audi and Mercedes respectively.
Six-month sales at BMW brand rose 8 percent to 804,000 cars, expanding the lead over runner-up Audi to 24,000 from 11,000 after five months. Half-year sales at Audi and Mercedes rose 6 percent each to 780,500 and 694,000 respectively.
“BMW has stronger momentum than Audi and Mercedes, that won’t change in the [...]
Comments Off on Tesla to join Nasdaq 100 as Oracle defects to NYSE
Tesla Motors Inc., the world’s best-performing automotive stock this year, will join the Nasdaq-100 Index next week, filling the spot vacated by Oracle Corp., which is moving to the New York Stock Exchange.
The electric-car maker will be added to the gauge, which tracks the biggest companies on the Nasdaq, before the start of trading on July 15, Nasdaq OMX Group Inc. said in a statement Monday. Oracle, which last month said it will join the NYSE, is the biggest company to jump between the competing exchanges.
Shares of Tesla, the carmaker headed by billionaire Elon Musk, have more than tripled this year as the popularity of its new Model S sedan helped the company turn its first quarterly profit. Gaining entry to benchmarks tracked by investors is attractive to public companies because it provides a guaranteed shareholder [...]
Comments Off on Toyota Camry, Honda Civic inventories rise, report says
The Toyota Camry and the Honda Civic, the top-selling mid-size and compact cars in the U.S., face risks of reduced production as inventories of the models rise, an RBC Capital Markets report said.
Toyota’s Camry exceeded its seasonal historical average inventory by more than 15 days supply in June and Honda carried about 25 days more Civics than usual, Joseph Spak, a New York-based analyst for RBC, said in today’s report. Camry and Civic were the only models identified as at risk for reduced output among 16 of the top-selling vehicles in the U.S. market. General Motors Co., Ford Motor Co. and Chrysler Group LLC all added U.S. market share in the first six months of 2013, the first time that all three gained first-half share in 20 years. Models such as GM’s Chevrolet Cruze compact and Ford’s [...]
Comments Off on Fiat exercises option to buy additional 3.3% of Chrysler shares
Fiat today exercised an option to raise its stake in Chrysler by 3.3 percent.
The move is part of CEO Sergio Marchionne’s step-by-step purchases intended to lead to full control of Chrysler and the creation of a merged company that would be able to compete better with industry leaders Toyota, General Motors and Volkswagen.
Fiat has been exercising options since mid-2012 to buy holdings of about 3.3 percent from the VEBA, a medical-benefits trust for the U.S. carmaker’s retirees.
Including today’s purchase, Fiat has exercised three of its six-monthly options, increasing its stake to 68.49 percent.
Fiat has said it wants full control of Chrysler, which would give it access to some of Chrysler’s cash flow for investments in new models.
Chrysler has become Fiat’s most reliable profit generator as the Italian company struggles to end losses in [...]