Maybe Warren Buffett's bet on Chinese electric-vehicle maker BYD will pay off after all. That's because the Chinese government just made a commitment to buy lots of advanced-powertrain vehicles through its government-vehicle system in an effort to address the notorious pollution problem in China's largest cities, the Associated Press says, citing China's Xinhua News Agency.
Six cities, two counties and two water agencies have united to buy 90 electric vehicles
A group of San Francisco Bay Area cities, counties and water agencies has joined forces for what is being billed as one of the largest single government purchases of all-electric vehicles in the country.
In the Keystone State, the compromise number between zero and unlimited is five, apparently. Pennsylvania's Senate applied that math in an attempt to resolve the issue of allowing Tesla Motors to operate company-owned stores in the state. The senate this week unanimously voted for a bill that will allow Tesla's operations, but placed a limit on the number of stores at five. The bill will now go to the state's House for approval, according to Automotive News.
Child right's advocate Marian Wright Edelman once said, "If you don't like the way the world is, you change it." We're guessing David Montenegro is a firm believer in that idea. You'll recall that Montenegro, better known by his legal name of Human, is the New Hampshire man who fought and won a case in the state's Supreme Court to obtain a vanity plate that read "COPSLIE." Now, Human has announced that he'll be making at the state's House of Representatives.
The Japanese government is really paving the way for hydrogen fuel cell technology on its roads. Japan's Ministry of Economy, Trade, and Industry is changing regulations on fuel tanks to make hydrogen cars more appealing to drivers, which should help put the country ahead of others in the race to develop a viable H2 fleet.
Any business reporter is taught that, when in doubt, always follow the money. With China's aggressive push for advanced-powertrain vehicle production and sales, that means better fleetwide fuel economy. Why? Lower fuel use means less money spent importing oil. It's that simple.
Hedge fund managers have been suing Porsche for years now, alleging that the car company lied about its intentions during its failed attempt to take over Volkswagen, a gambit that caused them billion in losses. Over the same period, authorities in Stuttgart built a criminal case against former CEO Wendelin Wiedeking (above, left) and Chief Financial Officer Holger Härter (right), filing charges in December 2012. When those fund plaintiffs lost their most recent court case, one of the dimmin
The US government really does have a plan for how advanced-drivetrain technology will help the country meet its goal of cutting petroleum imports in half by the end of the decade, which means US emissions will need to be 17 percent lower than they were in 2005. The plans involves, among other things, battery improvements, hydrogen fuel-cell technology, biofuels and more vehicle-electrification advancements. Not to mention lions, and tigers and bears. Oh my.
The late-80s and early-90s saw the Canadian government divest itself from some of its largest state-owned businesses (known in Commonwealth countries as Crown Corporations) – particularly when it came to transport and energy companies. In a sweeping implementation of Thatcherism led by Conservative premier Brian Mulroney, Ottawa privatized aerospace companies Canadair and de Havilland in 1986, sold off Air Canada in 1988, liquidated its majority stake in Petro-Canada in 1991 and finished s
The US will soon work with China as the world's most populous nation works to draft stricter emissions standards. The two countries certainly know how to put pollution into the air – China is the world's biggest emitter polluter, followed by the US.
A San Diego woman who was ticketed in October by the California Highway Patrol for wearing Google Glass while driving pleaded not guilty and will fight the citation in court, Yahoo reports. The woman, Cecilia Abadie, was pulled over for driving 80 miles per hour in a 65-mph zone.
Tesla's strategy to sell cars, such as the Model S, through manufacturer-owned retail stores has rubbed traditional franchise auto dealerships the wrong way. The battle between Tesla and the Ohio Auto Dealers Association heated up quickly over the past week because a proposed amendment to an Ohio road-maintenance worker safety bill (Senate Bill 137) threatened to ban Tesla stores in Ohio. The automaker asked for help from its supporters to fight the amendment, and on Tuesday all 12 members of th
Back in April, the National Highway Traffic Safety Administration released voluntary guidelines covering the use of in-car infotainment and communications in the hopes that automakers would reconfigure their systems to make them safer. But on Tuesday, NHTSA administrator David Strickland said at a congressional hearing that the administration has the authority to set vehicle smartphone guidelines and will release new voluntary guidelines next year, casting a wider net than the ones released in A
When we last checked the status of the federal government's stake in General Motors in September, it owned about 7.3 percent - roughly 101-million shares worth about $3.7 billion - of the automaker. In October, the Fed sold almost a third of its remaining stake, or 29- to 30-million shares valued at about $1.2 billion, The Detroit News reports. Currently the government owns around 71-million shares.
The number of vehicle deaths in the US has fallen since the National Highway Traffic Safety Administration (NHTSA) was created in 1966, even as the number of drivers on the road has greatly increased and the number of miles they drive has increased exponentially more. But a Senate panel is debating whether NHTSA is moving fast enough to curb vehicle deaths, The Detroit News reports.
According to a Brookings evaluation of the Car Allowance Rebate System (CARS), more commonly known as Cash for Clunkers, the $2.85-billion program cost taxpayers $1.4 million for each of the 3,676 jobs created by it from June to December 2009. The White House reportedly estimated that the program would create 70,000 jobs. Additionally, the evaluation states that more effective alternative fiscal stimulus policies could have been implemented instead of CARS.
The government shutdown is eroding consumer confidence in the auto market, says John Krafcik, CEO of Hyundai's US sales unit, and could lower October sales by as much as 10 percent, Automotive News reports. "It's that anxiety that keeps customers, potential buyers, on the sidelines when making a big purchase like an automobile," Krafcik says, adding that industry sales could be off by five to 10 percent in October compared to September.
The US government's shutdown may have an adverse effect on vehicle recalls and safety testing, according to a report from AOL Autos. Complaints can still be submitted to the National Highway Traffic Safety Administration, but nothing will actually be done about any of these submissions or any ongoing investigations until the agency's funding returns, NHTSA said in a statement.