AAA: Cost of driving slightly higher in 2012
Chrysler posts best quarterly profits in 13 years
(AP) - Chrysler had its best quarterly profit in 13 years. Not bad for a company that almost died three years ago.
The company earned $473 million in the first quarter, mainly on the back of strong U.S. sales, which rose 39 percent from January through March. Customers snapped up Ram pickups, Jeep Grand Cherokee SUVs and Chrysler 200 sedans.
Chery @Ant hints at future of "road trains"
Chery @Ant
(Credit: Newspress Ltd.)(CBS News) Futuristic concept cars are a staple of any car show, and the Beijing International Auto Show taking place this week is no exception. Of all the high-tech concepts on display, one of the most interesting is the Chery @Ant. Chinese automaker Chery hopes their pint-sized concept car can lead to huge changes on the road with their innovated "road train" system.
Continue »Police to auction $1.6 million Ferrari in Dubai
Ferrari Enzo, worth $1.6 million, sits in the sun
(Credit: Facebook.com)(CBS News) The most expensive police auction in history is about to take place in Dubai. A selection of seized supercars is going on the block on Wednesday, including a Ferrari Enzo worth roughly $1.6 million. The Enzo, one of only 399 in the world, has been sitting in an outdoor parking lot collecting dust for the past year.
Continue »China's electric car industry lagging behind hopes
(AP) - China's leaders are finding it's a lot tougher to create a world-beating electric car industry than they hoped. In 2009, they announced bold plans to cash in on demand for clean vehicles by making China a global power in electric car manufacturing. They pledged billions of dollars for research and called for annual sales of 500,000 cars by 2015.
Today, Beijing is scaling back its ambitions, chastened by technological hurdles and lack of buyer interest.
Continue »Jeep Wrangler "Dragon" concept revealed at Beijing
Jeep Wrangler "Dragon"
(Credit: Chrysler)Toyota developing mood-sensing tecnology
(CBS News) Toyota is working on a mood-sensing electronics system that will be able to determine the emotions of the driver. The new system is planned as a safety measure that will customize a vehicle's safety alert times based on the driver's mood. Cameras mounted inside the cabin will be able to interpret a driver's face and react accordingly.
Continue »Lamborghini Urus unveiled at Beijing Auto Show
Lamborghini Urus
(Credit: Lamborghini)(CBS News) Lamborghini unveiled their first SUV concept in over twenty years at the Beijing International Auto Show this week. The Lamborghini Urus is a 600-horsepower SUV that the automaker is introducing in hopes of capitalizing on China's recent surge of interest in bigger luxury cars.
Continue »New law mandates black boxes in all cars by 2015
(CBS News) A recently passed bill will require all cars to come equipped with "black boxes" that record vehicle data. These Event Data Recorders (EDR), similar to their airplane counterparts, will record data such as speed, brake force and electrical systems monitoring. The days of a car crash being one driver's word against another look to be history.
Continue »Judge: Physics did not get Krioukov out of ticket
Dmitri Krioukov
(Credit: Dmitri Krioukov)As it turns out, all those pages of post-grad mathematics weren't even necessary.
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