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U.S. markets recover from steep losses
LOS ANGELES, Dec. 19 (UPI) -- Toyota cars and trucks helped set U.S. auto safety standards but recent crash tests of new subcompact sedans came in dead last, reports say.
The 2007 models of Toyota's basic Yaris sedan and its boxy Scion xB wagon, growing in popularity as motorists seek better gas mileage, received the lowest scores as the Insurance Institute for Highway Safety rated so-called mini-cars from five automakers for the first time, the Los Angeles Times said.
Nissan's subcompact Versa received the insurance institute's top rating.
However, institute President Adrian Lund said none of the cars tested provided stellar protection when hit by larger vehicles.
Analyst Eric Noble said Toyota erred in bringing over small cars designed for the Japanese market where cars and trucks are much smaller than those in the United States.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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