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Hurricane Sandy damage toll reaches 250,000 vehicles

Hurricane Sandy damage toll reaches 250,000 vehicles

The total number of cars damaged in superstorm Sandy rose to 250,000, an insurance-industry group said. The state of New York had the highest number of damaged vehicles – 150,000. New Jersey followed with 60,000 damaged vehicles, with Connecticut coming in third with an estimated 8,000, the National Insurance Crime […]

BMW turns to wind power for its plants

BMW turns to wind power for its plants

BMW will harness winds to secure power and defend profits as costs rise due to Germany’s 550 billion euro plan to quit nuclear energy. Four wind turbine towers will soon supply almost a quarter of the power used at BMW’s Leipzig plant, where the automaker builds the X1 SUV and […]

Piech suggests VW will add at least one brand

Piech suggests VW will add at least one brand

Volkswagen AG chairman Ferdinand Piech suggested the company has plans to add at least one brand to the lineup in a bid to become the world’s largest carmaker by 2018. In an interview with German monthly magazine ADAC Motorwelt, Piech said that his children 10 years from now will drive […]

Ray LaHood steps down as U.S. secretary of transportation

Ray LaHood steps down as U.S. secretary of transportation

U.S. Transportation Secretary Ray LaHood announced he is stepping down. 67-year-old LaHood, one of two Republicans to serve in President Barack Obama’s Cabinet, announced his plan in a meeting with top staff members at the Transportation Department’s headquarters in Washington. LaHood said he’ll stay for a few months until a […]