second Archive

  • Related Stories Why GM and Unifor won't budge in negotiations » Unifor strike at GM result of 'major philosophical differences' General Motors and Unifor, the union representing about 2,800 striking workers at the CAMI Chevrolet Equinox assembly plant in Ingersoll, Ont., have talked informally over the phone but aren’t yet back the bargaining table, a union official said. Workers struck the plant at 10:59 p.m. Sept. 17, after the most recent contract expired. Official talks have yet to resume. “We’ve had a couple conversations over the phone since we left Sunday night. We’re trying to find common ground so we can get back to the table,” Unifor Local 88 President Dan Borthwick said. “We’re open to having dialogue. As long as we’re talking, it’s better than not talking. Hopefully we can something done in a short period of time.” It’s the first strike to affect a Canadian GM assembly plant since 1..

    GM, Unifor talking informally as strike enters second day, union says

    Related Stories Why GM and Unifor won't budge in negotiations » Unifor strike at GM result of 'major philosophical differences' General Motors and Unifor, the union representing about 2,800 striking workers at the CAMI Chevrolet Equinox assembly plant in Ingersoll, Ont., have talked informally over the phone but aren’t yet back the bargaining table, a union official said. Workers struck the plant at 10:59 p.m. Sept. 17, after the most recent contract expired. Official talks have yet to resume. “We’ve had a couple conversations over the phone since we left Sunday night. We’re trying to find common ground so we can get back to the table,” Unifor Local 88 President Dan Borthwick said. “We’re open to having dialogue. As long as we’re talking, it’s better than not talking. Hopefully we can something done in a short period of time.” It’s the first strike to affect a Canadian GM assembly plant since 1..
    Read More
  • Eurozone Construction Output Rises For Second Month Eurozone construction output increased for the second straight month in July, and at a stable pace, data from Eurostat showed Tuesday. Construction output climbed 0.2 percent month-over-month in July, the same rate of rise as in June, which was revised from a 0.5 percent decrease reported earlier. The gain in July was driven by a 0.3 percent growth in building construction. Meanwhile, civil engineering activity registered a decline of 0.4 percent. On a yearly basis, construction output grew at a slower pace of 3.4 percent in July, following a 4.3 percent increase in June, revised up from 3.4 percent. Among member countries, the biggest monthly rises in production were noted in Sweden, Poland and Slovakia. At the same time, the largest declines were seen in Slovenia, Czech Republic and Hungary.

    Eurozone Construction Output Rises For Second Month

    Eurozone Construction Output Rises For Second Month Eurozone construction output increased for the second straight month in July, and at a stable pace, data from Eurostat showed Tuesday. Construction output climbed 0.2 percent month-over-month in July, the same rate of rise as in June, which was revised from a 0.5 percent decrease reported earlier. The gain in July was driven by a 0.3 percent growth in building construction. Meanwhile, civil engineering activity registered a decline of 0.4 percent. On a yearly basis, construction output grew at a slower pace of 3.4 percent in July, following a 4.3 percent increase in June, revised up from 3.4 percent. Among member countries, the biggest monthly rises in production were noted in Sweden, Poland and Slovakia. At the same time, the largest declines were seen in Slovenia, Czech Republic and Hungary.
    Read More
  • Electric cars are becoming more prevalent in every day life, so would it be that uncommon for hobbyists to begin tinkering with their new automotive toys? One particular Canadian company has already started, gutting the contents of a Tesla Model S P85 and stuffing it into a kit car - and it's beyond quick.We've seen fast Teslas before, and even classic electric retrofits - but this is a new kind of fast that we weren't expecting. EV Controls drove their 818 kit car out to Luskville Dragway in Quebec, Canada to have some fun. After putting more than 5,000 kilometers (about 3,100 miles) on the car over the summer without problems, they decided it was time to see what the car could do at the strip. Coupled with the drivetrain of Tesla's Model S P85 and two battery packs from a Chevy Volt, the car was able to blaze down the track at some impressive speeds.When we say that this car is quick, we mean that it's properly quick—enough to put a scare on most opponents ..

    Watch a Tesla-Powered Kit Car Run a 9-Second Quarter Mile

    Electric cars are becoming more prevalent in every day life, so would it be that uncommon for hobbyists to begin tinkering with their new automotive toys? One particular Canadian company has already started, gutting the contents of a Tesla Model S P85 and stuffing it into a kit car - and it's beyond quick.We've seen fast Teslas before, and even classic electric retrofits - but this is a new kind of fast that we weren't expecting. EV Controls drove their 818 kit car out to Luskville Dragway in Quebec, Canada to have some fun. After putting more than 5,000 kilometers (about 3,100 miles) on the car over the summer without problems, they decided it was time to see what the car could do at the strip. Coupled with the drivetrain of Tesla's Model S P85 and two battery packs from a Chevy Volt, the car was able to blaze down the track at some impressive speeds.When we say that this car is quick, we mean that it's properly quick—enough to put a scare on most opponents ..
    Read More
  • Sunrise Ford in North Hollywood, Calif. had a tent sale this past weekend. A 17-year-old allegedly had the bright idea of checking it out—at 1:30 a.m. The teen reportedly managed to get into a Ford Mustang and took an unauthorized test drive, just as the Los Angeles Police Department arrived.Officer Mike Lopez of the LAPD told the Los Angeles Daily News that after a "five-second" pursuit, the teen reportedly crashed into a duplex. There were no reports of any Cars and Coffee events in the area.The duplex suffered minimal damage. The teen, on the other hand, was not wearing a seat belt and was hospitalized with non-life threatening head injuries. Photos show that the car's airbags were fully deployed. The teen was arrested on suspicion of stealing a vehicle. His name was not released because he is a juvenile, but it's fairly clear that he's not related to car thief Memphis Raines of Gone In 60 Seconds.

    Teen Allegedly Steals Ford Mustang, Leads Cops on 5-Second Car Chase

    Sunrise Ford in North Hollywood, Calif. had a tent sale this past weekend. A 17-year-old allegedly had the bright idea of checking it out—at 1:30 a.m. The teen reportedly managed to get into a Ford Mustang and took an unauthorized test drive, just as the Los Angeles Police Department arrived.Officer Mike Lopez of the LAPD told the Los Angeles Daily News that after a "five-second" pursuit, the teen reportedly crashed into a duplex. There were no reports of any Cars and Coffee events in the area.The duplex suffered minimal damage. The teen, on the other hand, was not wearing a seat belt and was hospitalized with non-life threatening head injuries. Photos show that the car's airbags were fully deployed. The teen was arrested on suspicion of stealing a vehicle. His name was not released because he is a juvenile, but it's fairly clear that he's not related to car thief Memphis Raines of Gone In 60 Seconds.
    Read More
  • Sunrise Ford in North Hollywood, Calif. had a tent sale this past weekend. A 17-year-old allegedly had the bright idea of checking it out—at 1:30 a.m. The teen reportedly managed to get into a Ford Mustang and took an unauthorized test drive, just as the Los Angeles Police Department arrived.Officer Mike Lopez of the LAPD told the Los Angeles Daily News that after a "five-second" pursuit, the teen reportedly crashed into a duplex. There were no reports of any Cars and Coffee events in the area.The duplex suffered minimal damage. The teen, on the other hand, was not wearing a seat belt and was hospitalized with non-life threatening head injuries. Photos show that the car's airbags were fully deployed. The teen was arrested on suspicion of stealing a vehicle. His name was not released because he is a juvenile, but it's fairly clear that he's not related to car thief Memphis Raines of Gone In 60 Seconds.

    Teen Reportedly Leads Police on 5-Second Car Chase

    Sunrise Ford in North Hollywood, Calif. had a tent sale this past weekend. A 17-year-old allegedly had the bright idea of checking it out—at 1:30 a.m. The teen reportedly managed to get into a Ford Mustang and took an unauthorized test drive, just as the Los Angeles Police Department arrived.Officer Mike Lopez of the LAPD told the Los Angeles Daily News that after a "five-second" pursuit, the teen reportedly crashed into a duplex. There were no reports of any Cars and Coffee events in the area.The duplex suffered minimal damage. The teen, on the other hand, was not wearing a seat belt and was hospitalized with non-life threatening head injuries. Photos show that the car's airbags were fully deployed. The teen was arrested on suspicion of stealing a vehicle. His name was not released because he is a juvenile, but it's fairly clear that he's not related to car thief Memphis Raines of Gone In 60 Seconds.
    Read More
  • A little something extra could be in store next month during the reveal of Tesla's all-electric semi-truck. With some recent Twitter chatter by CEO Elon Musk, it isn't too far-fetched to think that the automaker's Apple-esque "one more thing" moment could be a peek at one of its its upcoming vehicles.Just a week ago, Musk himself hinted at a potential surprise to be revealed during the semi unveiling. Though no specifics were mentioned as to what the news is, it appears that something other than the beast of a truck will steal the show."I really recommend showing up for the semi truck unveiling," said the CEO in a statement, "Maybe there’s a little more than what we are saying here."The pickup isn't expected to be revealed entirely until late 2018 at the earliest, however that hasn't kept the Tesla CEO from Tweeting about unreleased products in the past. He suggested that a "light duty," mini version of the Tesla semi could be teased at the same event.Tesla..

    Tesla May Tease a Second Car Alongside its Semi-Truck Reveal Next Month

    A little something extra could be in store next month during the reveal of Tesla's all-electric semi-truck. With some recent Twitter chatter by CEO Elon Musk, it isn't too far-fetched to think that the automaker's Apple-esque "one more thing" moment could be a peek at one of its its upcoming vehicles.Just a week ago, Musk himself hinted at a potential surprise to be revealed during the semi unveiling. Though no specifics were mentioned as to what the news is, it appears that something other than the beast of a truck will steal the show."I really recommend showing up for the semi truck unveiling," said the CEO in a statement, "Maybe there’s a little more than what we are saying here."The pickup isn't expected to be revealed entirely until late 2018 at the earliest, however that hasn't kept the Tesla CEO from Tweeting about unreleased products in the past. He suggested that a "light duty," mini version of the Tesla semi could be teased at the same event.Tesla..
    Read More
  • Slovakia HICP Inflation Rises For Second Month Slovakia's harmonized consumer price inflation accelerated further in August, though marginally, data from the Statistical Office of the Slovak Republic showed Monday. The harmonized index of consumer prices climbed 1.6 percent year-on-year in August, just above the 1.5 percent increase in July. The measure has been rising since December last year. Prices of food and non-alcoholic beverages grew 4.4 percent annually in August and transport costs rose by 3.4 percent. At the same time, utility costs dropped 2.0 percent. On a monthly basis, the HICP remained flat for the second straight month in August.

    Slovakia HICP Inflation Rises For Second Month

    Slovakia HICP Inflation Rises For Second Month Slovakia's harmonized consumer price inflation accelerated further in August, though marginally, data from the Statistical Office of the Slovak Republic showed Monday. The harmonized index of consumer prices climbed 1.6 percent year-on-year in August, just above the 1.5 percent increase in July. The measure has been rising since December last year. Prices of food and non-alcoholic beverages grew 4.4 percent annually in August and transport costs rose by 3.4 percent. At the same time, utility costs dropped 2.0 percent. On a monthly basis, the HICP remained flat for the second straight month in August.
    Read More
  • Related Stories Feds in sync with industry on autonomous cars Ford Motor Co. said it will invest $5 million in the American Center for Mobility in Ypsilanti, Mich., becoming the second automaker to sponsor the site. Ford follows Toyota Motor Corp. -- which announced a similar investment in July -- in funding the federally designated proving ground for autonomous and connected vehicles. The Detroit automaker's contribution brings the site's total funds to $95 million of the $110 million needed. The center is slated to open in December. Construction on the 311-acre site began in November. It is housed at General Motors' former Willow Run assembly plant between Detroit and Ann Arbor, Mich. "The work done at Willow Run will help drive mobility solutions across the globe," Ken Washington, Ford's chief technology officer, said in a statement. "This is an investment in the safe, rapid te..

    Ford becomes second automaker to invest in Michigan test site

    Related Stories Feds in sync with industry on autonomous cars Ford Motor Co. said it will invest $5 million in the American Center for Mobility in Ypsilanti, Mich., becoming the second automaker to sponsor the site. Ford follows Toyota Motor Corp. -- which announced a similar investment in July -- in funding the federally designated proving ground for autonomous and connected vehicles. The Detroit automaker's contribution brings the site's total funds to $95 million of the $110 million needed. The center is slated to open in December. Construction on the 311-acre site began in November. It is housed at General Motors' former Willow Run assembly plant between Detroit and Ann Arbor, Mich. "The work done at Willow Run will help drive mobility solutions across the globe," Ken Washington, Ford's chief technology officer, said in a statement. "This is an investment in the safe, rapid te..
    Read More
  • Treasuries Close Roughly Flat For Second Straight Day Treasuries showed a lack of direction over the course of the trading session on Friday before closing roughly flat for the second straight day. Bond prices spent the day bouncing back and forth across the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 2.202 percent. The choppy trading came as traders largely shrugged off some disappointing economic reports, as the data was impacted by Hurricane Harvey. The Commerce Department released a report showing retail sales dipped by 0.2 percent in August after rising by a downwardly revised 0.3 percent in July. Economists had expected retail sales to inch up by 0.1 percent compared to the 0.6 percent increase originally reported for the previous month. The unexpected decrease in retail sales largely reflected a sharp drop in sales by motor vehicle and parts dealers, which plunged b..

    Treasuries Close Roughly Flat For Second Straight Day

    Treasuries Close Roughly Flat For Second Straight Day Treasuries showed a lack of direction over the course of the trading session on Friday before closing roughly flat for the second straight day. Bond prices spent the day bouncing back and forth across the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 2.202 percent. The choppy trading came as traders largely shrugged off some disappointing economic reports, as the data was impacted by Hurricane Harvey. The Commerce Department released a report showing retail sales dipped by 0.2 percent in August after rising by a downwardly revised 0.3 percent in July. Economists had expected retail sales to inch up by 0.1 percent compared to the 0.6 percent increase originally reported for the previous month. The unexpected decrease in retail sales largely reflected a sharp drop in sales by motor vehicle and parts dealers, which plunged b..
    Read More
  • US dollar now lower USD/JPY rose as high as 111.04 on the CPI data but it's dropped back just below 110.50 for two reasons: - There are some caveats in the CPI report, especially gas prices. Harvey may have led to other skews as well, perhaps shelter. Ultimately, I think the US dollar will recapture the bid.

    US dollar has second thoughts after CPI report. What’s next

    US dollar now lower USD/JPY rose as high as 111.04 on the CPI data but it's dropped back just below 110.50 for two reasons: - There are some caveats in the CPI report, especially gas prices. Harvey may have led to other skews as well, perhaps shelter. Ultimately, I think the US dollar will recapture the bid.
    Read More