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The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.

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From The Hindu Archives, April 12, 1926: America spends £...
The Hindu Bureau · 2026-04-13 · via The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.

The American Bureau of Industrial Technology announces that America’s motoring bill exceeded £2,800,000,000 last year. Four million motor-cars are now manufactured in America yearly, a quarter of a million cars are exported and the remainder are bought by Americans at an average price, including accessories, of £200. It costs the average American £140 annually to run his car.

The following table shows America’s total motor-car expenditure in million pounds:—Cost of cars and accessories 750; depreciation 500; upkeep and repairs 400; chauffeurs’ wages 320; petrol 240; garages 180; taxes 125; tyres 123; interest on investment 100; oil 50; insurance 60. The total is 2,853 million pounds, which is twice as much as America’s annual investment in new buildings.—“The Statesman.”

Published - April 13, 2026 04:07 am IST