The disaster in Japan could slow shipments of popular cars like Toyota's Prius to auto lots. And many dealers are already taking advantage of expected shortages to raise prices. Buyers will now typically have to pay sticker prices, instead of enjoying discounts that had been the norm for small cars and hybrids imported from Japan.
AS fears of a nuclear fall-out and global aftershocks of Japan's recent massive 9.0 magnitude earthquake and tsunami reverberate throughout major world economies, the ripple effects are now at the doorsteps of several Jamaican businesses.
General Motors Co says it will pay out US$59.4 million in quarterly dividends on its Series B mandatory convertible junior preferred stock. The automaker said on Thursday its board of directors approved a dividend of 0.594 cent per share on the preferred stock.
BRIEFSCountryman wins top safety award The Mini Cooper Countryman, a four-door small car, earns the Insurance Institute for Highway Safety's (IIHS) top safety accolade after achieving good ratings for front, side, rollover, and rear-impact protection.It...
A week ago they celebrated when St George's College won the urban area ISSA/First Global 'A' League cricket title, today the fans of the Light Blues may have more to cheer about if Collin Daley Jr can survive the acid test of Hillel High's Matthew Williams in the Rotax Junior Class go-kart affair at the Palisadoes International Raceway, Kingston.
With fatalities among Jamaica's senior citizens still high, the Road Safety Unit (RSU) at the Ministry of Transport and Works has produced a report it hopes will make life safer on the roads for the elderly.
Kingston Industrial Garage Limited (KIG) is set to pull out all the stops to make its two-day motor show a memorable experience. The event, in association with the National Commercial Bank (NCB) Auto Loan, will be staged on the grounds of NCB at 29 Trafalgar Road (formerly Super Plus compound), March 19-20.
The Jamaica Urban Transit Company (JUTC) plans to kick-start a project that will see the rehabilitation of 27 of its laid-up buses by Brazilian engineers to be stationed in Jamaica. However, although the company is awaiting approval for the work to begin, the timeline set for this project would be later this year and would run over a six-month period.
In life, two things are certain - taxes and death. However, nowadays, we could add rising fuel prices to the mix to make it three. Last week, the highly combustible oil price shot past the US$100 mark to reach US$104.64 per barrel - a first in two-and-a-half years - sending shock waves throughout the global economy.
The Sports Development Fund (SDF) is awaiting a formal plan from the various motorsport stakeholders in Jamaica, with a view to enhance its growth locally."When we get these plans, they will be submitted to the...
BERLIN (AP):Germany's Volkswagen AG saw its 2010 earnings soar to €6.84 billion (US$9.4 billion) as revenue climbed more than 20 per cent, creating the automaking group's most successful year ever, the company said last Friday.
Corporate Area motorists, particularly female drivers, welcomed the opportunity to learn about simple motor-vehicle maintenance techniques from Jamaica Automobile Association (JAA) technicians recently.
A number of parochial roads in St Elizabeth are being rehabilitated by the National Works Agency (NWA) to the tune of $196 million.The project is being executed as part of the Jamaica Development Infrastructure Programme (JDIP).NWA central region...
LOCAL stake-holders are buzzing with excitement at the prospects of the staging of the downtown Kingston Grand Prix, to be hosted by the Jamaica Race Drivers Club (JRDC), scheduled for June 19 this year.
WASHINGTON (AP):A group of car dealers who lost their businesses in Chrysler's 2009 bankruptcy sued the government on Thursday, claiming their dealer franchises were closed without adequate compensation.The 64 former Chrysler dealers said in the lawsuit...