<![CDATA[Colorado Springs Gazette RSS - auto]]> http://gazette.com/rss/auto Sun, 25 Jun 2017 14:54:14 -0600 Zend_Feed http://blogs.law.harvard.edu/tech/rss <![CDATA[Average US gas price drops 7 cents, as crude cost falls]]> http://gazette.com/average-us-gas-price-drops-7-cents-as-crude-cost-falls/article/feed/471847?custom_click=rss http://gazette.com/average-us-gas-price-drops-7-cents-as-crude-cost-falls/article/feed/471847?custom_click=rss CAMARILLO, Calif. (AP) — The average price of a gallon of regular-grade gasoline dropped 7 cents nationally over the past two weeks, to $2.32.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the drop reflects lower costs for crude oil.

She says the national average is 4 cents a gallon below the price a year ago.

Gas in San Francisco was the highest in the contiguous United States at an average of $3.06 a gallon. The lowest was in Charleston, South Carolina, at $1.91 a gallon.

The U.S. average diesel price is $2.53, down 3 cents from two weeks ago.

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]]> Sun, 25 Jun 2017 12:36:02 -0600 <![CDATA[Air bag maker Takata bankruptcy expected Monday in Japan, US]]> http://gazette.com/air-bag-maker-takata-bankruptcy-expected-monday-in-japan-us/article/feed/471796?custom_click=rss http://gazette.com/air-bag-maker-takata-bankruptcy-expected-monday-in-japan-us/article/feed/471796?custom_click=rss

DETROIT (AP) — Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday.

Takata was done in by defective air bag inflators that can explode with too much force, spewing out shrapnel. They're responsible for at least 16 deaths and 180 injuries and have touched off the largest automotive recall in U.S. history. So far 100 million inflators have been recalled worldwide including 69 million in the U.S., affecting 42 million vehicles.

Rival Key Safety Systems, based in suburban Detroit, will buy most of Takata's assets for $1.

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]]> Sun, 25 Jun 2017 11:30:01 -0600 <![CDATA[Q&A: A look at Takata's bankruptcy and air bag recalls]]> http://gazette.com/qa-a-look-at-takatas-bankruptcy-and-air-bag-recalls/article/feed/471797?custom_click=rss http://gazette.com/qa-a-look-at-takatas-bankruptcy-and-air-bag-recalls/article/feed/471797?custom_click=rss DETROIT (AP) — Japanese air bag maker Takata Corp. is expected to file for bankruptcy protection in Japan and the U.S. on Monday, having been dragged into financial trouble by millions of faulty air bag inflators that can kill or injure people.

The inflators, which fill up air bags in the event of a crash, can explode with too much force and spew metal shrapnel. At least 16 deaths worldwide and more than 180 injuries are blamed on the inflators. They also touched off the largest automotive recall in U.S. history, that began in 2008, with up to 69 million inflators and 42 million vehicles affected. Worldwide, about 100 million inflators are being recalled.

What car owners need to know about the massive recall:

WILL THE

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]]> Sun, 25 Jun 2017 10:43:26 -0600 <![CDATA[US indexes inch higher as energy stocks claw from the hole]]> http://gazette.com/us-indexes-inch-higher-as-energy-stocks-claw-from-the-hole/article/feed/471331?custom_click=rss http://gazette.com/us-indexes-inch-higher-as-energy-stocks-claw-from-the-hole/article/feed/471331?custom_click=rss

NEW YORK (AP) — U.S. stock indexes nudged higher Friday after energy companies clawed back some of their sharp losses from earlier in the week.

After meandering up and down through the day, the Standard & Poor's 500 rose 3.80 points, or 0.2 percent, to end at 2,438.30. The Dow Jones industrial average slipped 2.53 points, or less than 0.1 percent, to 21,394.76, and the Nasdaq composite gained 28.56, or 0.5 percent, to 6,265.25. More than twice as many stocks rose than fell on the New York Stock Exchange.

Energy stocks led the way, and those in the S&P 500 climbed 0.8 percent for the largest gain of the 11 sectors that make up the index.

Rising prices for oil and natural gas drove the gains. Benchmark U.S. crude added

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]]> Fri, 23 Jun 2017 15:53:20 -0600 <![CDATA[Honda denies covering up dangers of Takata air bags]]> http://gazette.com/honda-denies-covering-up-dangers-of-takata-air-bags/article/feed/471409?custom_click=rss http://gazette.com/honda-denies-covering-up-dangers-of-takata-air-bags/article/feed/471409?custom_click=rss

DETROIT (AP) — Honda is going public in an effort to debunk claims by lawyers that it knew about the hazards of exploding Takata air bag inflators nearly two decades ago but covered them up.

The automaker issued a statement Friday that outlines its defense against claims that Honda should compensate car owners because the use of Takata air bags caused their vehicles to lose value.

The public escalation of Honda's fight comes just three days before Takata Corp. is expected to file for bankruptcy protection in Japan and the United States. The company's inflators can explode with too much force, blowing apart a metal canister and hurling shrapnel into drivers and passengers.

The faulty inflators have killed at least 16 p

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]]> Fri, 23 Jun 2017 14:43:50 -0600 <![CDATA[Chinese automaker buys stake in Malaysia's Proton]]> http://gazette.com/chinese-automaker-buys-stake-in-malaysias-proton/article/feed/471196?custom_click=rss http://gazette.com/chinese-automaker-buys-stake-in-malaysias-proton/article/feed/471196?custom_click=rss

KUALA LUMPUR, Malaysia (AP) — The Chinese owner of Sweden's Volvo Cars will inject $40 million into Malaysia's Proton as part of its purchase of a key stake in the automaker, an executive of the Malaysian company said Friday.

Geely Holding Group is also paying $65 million for 51 percent of Proton-owned British sports car maker Lotus.

Geely and Proton earlier signed the final agreement to acquire 49.9 percent of Proton, in a deal announced in March that gives the Chinese company a platform to expand in Southeast Asia, where non-Japanese brands have struggled.

Geely will bring its Boyue SUV platform, estimated to cost 290 million ringgit ($67.6 million) to Malaysia as part of its acquisition, DRB-HICOM group managing di

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]]> Fri, 23 Jun 2017 00:13:10 -0600 <![CDATA[Feds: $2.7M in grants available for New Mexico businesses]]> http://gazette.com/feds-2.7m-in-grants-available-for-new-mexico-businesses/article/feed/470936?custom_click=rss http://gazette.com/feds-2.7m-in-grants-available-for-new-mexico-businesses/article/feed/470936?custom_click=rss ALBUQUERQUE, N.M. (AP) — Small businesses in New Mexico working on new innovations that could help the U.S. Energy Department will be getting a boost thanks to $2.7 million in federal grant funding.

The agency announced the grants this week. In all, officials say $116 million in grants will be awarded nationwide for research and development through a technology transfer program aimed at helping small businesses.

The projects in New Mexico range from the development of a special membrane to help reduce carbon dioxide emissions to research on soil, fuel cells, particle accelerators and high energy physics.

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]]> Thu, 22 Jun 2017 03:13:19 -0600 <![CDATA[Mexico says existing auto jobs safe after Ford announcement]]> http://gazette.com/mexico-says-existing-auto-jobs-safe-after-ford-announcement/article/feed/470800?custom_click=rss http://gazette.com/mexico-says-existing-auto-jobs-safe-after-ford-announcement/article/feed/470800?custom_click=rss MEXICO CITY (AP) — A state official in western Mexico says more than 3,400 jobs at a Ford assembly plant are safe following the company's announcement that it will shift planned production of its Focus to China.

Sonora State Economy Secretary Jorge Vidal says Ford will continue producing the Fusion and Lincoln MKZ at its plant in Hermosillo.

In January, Ford halted construction on a new plant in the central Mexico state of San Luis Potosi meant to build the Focus. That plant was to have employed 2,800.

Ford said then it would produce the Focus at its plant in Hermosillo. But on Tuesday, Ford announced the Focus will be produced in China and become its first car exported from China to the U.S. It said that will save th

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]]> Wed, 21 Jun 2017 15:26:52 -0600 <![CDATA[BMW's 2017 X4 M40i compact SUV drives like a sports car]]> http://gazette.com/bmws-2017-x4-m40i-compact-suv-drives-like-a-sports-car/article/feed/470757?custom_click=rss http://gazette.com/bmws-2017-x4-m40i-compact-suv-drives-like-a-sports-car/article/feed/470757?custom_click=rss

BMW's X4 is either compact SUV or beefy hatchback, depending on how one sees it. Its new top-of-the line X4 M40i, though, is all sports car — at least the way it drives.

With BMW's storied "M'' — for Motorsport — part of its alphabet-soup name, the newest model of the X4 is all about sporty performance, with a 355-horsepower straight six-cylinder engine and a hardcore handling ethos.

Every press of the accelerator and roar of the exhaust is a reminder of that the 2017 X4 M40i's TwinPower Turbo engine is eagerly awaiting instructions.

The engine's 343 foot-pounds of peak torque arrives at a low 1,350 rpm and carries to more than 5,200 rpm, so the X4 M40i can sprint to 60 mph in a brisk 4.7 seconds.

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]]> Wed, 21 Jun 2017 13:15:26 -0600 <![CDATA[All that's cool and quirky at the Paris Air Show]]> http://gazette.com/all-thats-cool-and-quirky-at-the-paris-air-show/article/feed/470673?custom_click=rss http://gazette.com/all-thats-cool-and-quirky-at-the-paris-air-show/article/feed/470673?custom_click=rss

PARIS (AP) — There are flying cars and Concorde's would-be supersonic successor, a company offering to deliver cargo to the Moon — for a mere $1.2 million per kilogram — and the latest in funky futuristic aviation ideas, both big and small.

No doubt about it: the Paris Air Show is an aerospace geek's paradise.

But with everything from the smallest drones to the largest passenger jets on display, it's tough to sift through it all.

So here's a guide to some of the cool things that caught our eye this week.

___

FLYING CARS

Of the various car-type flying machines in development, the two-seat "Pegasus," from French firm Vaylon, can at least boast that it has actually flown.

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]]> Wed, 21 Jun 2017 09:20:07 -0600 <![CDATA[Asian stocks lower after Wall Street losses]]> http://gazette.com/asian-stocks-lower-after-wall-street-losses/article/feed/470363?custom_click=rss http://gazette.com/asian-stocks-lower-after-wall-street-losses/article/feed/470363?custom_click=rss

SEOUL, South Korea (AP) — Asian markets were mostly lower Wednesday after overnight losses on Wall Street. A global stock benchmark provider's decision to add mainland China-listed shares to its widely followed stock indexes did little to boost risk appetite as the decision was widely expected. Oil prices fell.

KEEPING SCORE: Japan's Nikkei 225 fell 0.2 percent to 20,183.90 and South Korea's Kospi fell 0.6 percent to 2,355.66. Hong Kong's Hang Seng index dropped 0.5 percent to 25,717.22. But China's Shanghai Composite Index added 0.1 percent to 3,143.48. Australia's S&P/ASX slumped 1.3 percent to 5,683.80. Stocks in Taiwan, Singapore and Southeast Asian markets were lower.

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]]> Tue, 20 Jun 2017 23:35:42 -0600 <![CDATA[Ford to move Focus production to China, sees no US job loss]]> http://gazette.com/ford-to-move-focus-production-to-china-sees-no-us-job-loss/article/feed/470344?custom_click=rss http://gazette.com/ford-to-move-focus-production-to-china-sees-no-us-job-loss/article/feed/470344?custom_click=rss

DETROIT (AP) — Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019.

Ford said Tuesday it plans to move production of its Ford Focus small car from the U.S. to China, where it already makes the Focus for Chinese buyers. Ford will continue to make the Focus in Europe, and will also export some variants of the Focus from Europe to the U.S.

Sales of small cars have dropped sharply in the U.S. and companies are seeking to cut costs making them. Ford's president of global operations Joe Hinrichs said the move to China will save the company $1 billion, including $500 million for canceling plans to build the Focus in Mexico.

Wary of the response from President Donald Trump, who has c

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]]> Tue, 20 Jun 2017 16:52:09 -0600 <![CDATA[Business Highlights]]> http://gazette.com/business-highlights/article/feed/22010?custom_click=rss http://gazette.com/business-highlights/article/feed/22010?custom_click=rss ___

Uber allows riders to tip drivers via app, matching Lyft

SAN FRANCISCO (AP) — Uber is enabling passengers to tip its U.S. drivers with a tap on its ride-hailing app for the first time, part of a push to recast itself as a company with a conscience and a heart. Besides the built-in tipping option, Uber is giving drivers an opportunity to make more money when passengers keep them waiting or don't cancel rides within two minutes. The expanded earnings opportunities are the first step in what Uber is billing as "180 days of change" for its U.S. drivers.

___

Barbie's companion Ken gets new looks: Man bun, beefy bod

NEW YORK (AP) — Ken has been overshadowed by Barbie for decades, but now he's getting some

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]]> Tue, 20 Jun 2017 16:47:56 -0600 <![CDATA[Zinke pledges to enforce Obama-era methane rule amid rewrite]]> http://gazette.com/zinke-pledges-to-enforce-obama-era-methane-rule-amid-rewrite/article/feed/470397?custom_click=rss http://gazette.com/zinke-pledges-to-enforce-obama-era-methane-rule-amid-rewrite/article/feed/470397?custom_click=rss

WASHINGTON (AP) — The Trump administration will enforce an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production, even as it seeks to rewrite the rule to be more industry-friendly, Interior Secretary Ryan Zinke said Tuesday.

Zinke told the Senate Energy Committee that Interior will enforce those parts of the methane regulation that have taken effect. The promise comes despite an announcement last week that Interior is postponing parts of the rule that take effect next year.

Under questioning from Democratic Sen. Maria Cantwell of Washington state, Zinke said he agreed that burning off, or "flaring," of excess methane gas at drill sites is wasteful.

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]]> Tue, 20 Jun 2017 14:57:24 -0600 <![CDATA[Experts: Takata bankruptcy means air bag victims get less]]> http://gazette.com/experts-takata-bankruptcy-means-air-bag-victims-get-less/article/feed/470248?custom_click=rss http://gazette.com/experts-takata-bankruptcy-means-air-bag-victims-get-less/article/feed/470248?custom_click=rss

DETROIT (AP) — A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and lawyers suing the company.

Takata Corp. and its U.S. operations are likely to seek bankruptcy protection by the end of June in a deal that would sell its assets to competitor Key Safety Systems Inc., a person briefed on the talks said. The person didn't want to be identified because discussions are in progress.

The price Key will pay is unknown, but much of it likely will go toward paying a $1 billion U.S. criminal settlement. Most of the settlement money will go to automakers as restitu

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