US import prices increase on gains in petroleum, capital goods costs

WASHINGTON: US import prices rose in September as the cost of petroleum and a range of other goods increased, suggesting import deflation was starting to ebb. The Labor Department said on Thursday import prices gained 0.1 percent last month after an unrevised 0.2 percent decline in August. Economists polled by Reuters had forecast import prices rising 0.2 percent last month. In the 12 months through September, import prices fell 1.1 percent, the smallest decrease since August 2014, after declining 2.2 percent in August. A strong dollar has resulted in the country importing deflation, helping to hold inflation persistently below the Federal Reserve’s 2 percent target. But with the dollar’s rally gradually fading and oil prices continuing to stabilize, some of the deflationary pressures from overseas should start to ease and allow inflation to gradually rise …

Sportier BMW i3 variant coming as soon as 2018 BMW will likely debut a sportier variant of its i3 electric vehicle by 2018, and may unveil a prototype of the model at the Frankfurt Motor Show next September, UK's Autocar says. The model will likely be (sub)titled the i3S.The German automaker hasn't leaked details about how much more powerful the new variant will be relative to the current version or how much more it will cost. The standard i3 offers 168 horsepower — for perspective, the top-of-the-line 2017 Mini Cooper Clubman S will deliver 228 horsepower.Also to be determined is if the car's single-charge range will be expanded. But the vehicle will get some stylistic adjustments to its headlights and bumpers, and the model will start sales in the UK in early 2018. A...

APRC 2016 India Rally: Gaurav Gill leads after Leg 1 in Chikmagalur Team MRF Skoda’s Gaurav Gill and Glenn Macneall at the Chandrapura stage of the APRC India Rally at Chikmagalur Gaurav Gill ended the first leg of the 2016 Coffee Day India Rally in a commanding position. The Team MRF Skoda driver, who has already sealed his second Asia Pacific Rally Championship title, took a lead that couldn’t be challenged over the coffee plantation stages at Chikmagalur. Gill, co-driven by Glenn Macneall, has an overnight lead of 7min 33.6sec at the event. Cusco Racing’s Michael Young is second in the APRC. The Indian driver now has the luxury of driving a conservative rally over the remaining four stages to be run on Monday. If he does win the season finale, it will mean that he will have won ...

APRC 2016: Champion Gaurav Gill aims to win Coffee Day India Rally 2016 Asia Pacific Rally Championship winner Gaurav Gill is hoping to continue his winning streak and win the Coffee Day India Rally in Chikkamagaluru. The sixth and final round of the Championship will be held from December 3-5, 2016 around the verdant estates of Coffee Day Global. The fourth round of the MRF FMSCI Indian National Rally Championship will also run along with the APRC Round. This means a record 50 participants (10 APRC + 40 INRC) will blaze down the dusty trails over the next three days. The APRC cars will cover a total distance of 519.02km, of which 225.26km consists of the 17 Special Stages. In the INRC, the cars will travel 315.05km out of which 102.14 will comprise of the Special Stages. The ceremonial flag-off will be held tonight followed...

The Aston Martin DB11 hood is perfectly British Reddit user Dave-TarMc popped the hood of Aston’s latest effort to show how the over engineered clamshell flips forward while the headlights stay in place. While it would have been easier to build the bottom half of the headlight surround into the front bumper cover, and leave the top of the fenders as a static piece like the Jaguar F-type, Aston decided to bundle it all together in oh-so-British design.That isn’t to say it’s bad – it does look incredibly cool, which might have been part of the decision to go this route. It's just a harder way to solve a fairly simple problem, and you probably don't want to ask your State Farm agent what a replacement might cost.

Toyota Batteries' Discovery Means More Range And Life Toyota batteries would most likely become better than before, thanks to a recent discovery and technology breakthrough involving lithium-ion batteries, as Toyota focuses more into the electric car market. Advertisement Hisao Yamashige, head of Toyota's research and development, believes that the newly discovered method could further improve the range of electric cars that use lithium-ion batteries by 15%. Toyota firmly believes this could also improve Toyota batteries and within an estimated two to three years time, could produce better batteries. In addition, Toyota has addressed this method as the "world's first behavior observation method for lithium-ions in electrolyte".  Toyota batteries would now become more efficient by studying how lithium ions flow in the electrolyte; time and resources could be efficiently used to ensure the ...

New Mercedes-Maybach S650 arrives with £260k pricetag The expansion of the Mercedes-Maybach luxury brand continues, as the firm’s first convertible has been unveiled to the world at the Los Angeles Motor Show. The Mercedes-Maybach S 650 Cabriolet is priced from €300,000, and will arrive in the spring of 2017. Only 300 examples of the S 650 Cabriolet are due to be made worldwide, although at that price (around £260,000) it’s got tough competition in the form of the Rolls-Royce Dawn which starts at £267,000. It’s based on the existing Mercedes-AMG S65 Cabriolet, with the same 621bhp 6.0-litre twin-turbo V12 powering it.  The exterior proportions are the same as the S-Class drop-top but there are a number of exclusive Maybach changes. New 20-inch forged chrome wheels dominate the look, while a...

Insight: Oscar Mike and the ultimate Kleven explorers If you haven’t heard of Oscar Mike Naval Architects, you are probably not alone. The small Kiwi company has, by their own admission, been keeping a low media profile over the years with much of their work shrouded in secrecy. But as the projects they are working on get bigger and bigger this is beginning to change, with their latest work including the design and styling of the impressive 107 metre and 116 metre explorer yachts built by the Norwegian shipyard, Kleven. Oscar Mike – the name a play on the military code for ‘on the move’ – was founded by New Zealanders, Kyle Dick and Blair Lewis, who first met when studying naval architecture in Australia. Upon graduation, Dick went on to work at Alloy Yachts International, a ...