Anyone having a sour day could do worse than reading the conclusions of a UBS report that lays out the near-term future of electric vehicle adoption and on-site energy storage. That's because the Swiss bank's findings paint a fairly rosy picture when it comes to sustainable transportation and stationary energy storage and production, The Guardian reports. In short: the future looks bright.
What's it take to purchase a controlling stake in Volkswagen? Reuters' reports contacted all the major institutions involved in the deal and came up with 35 billion euros, or $46.47 billion US. To give Porsche the required 30.94-percent of shares, the guys and gals in Stuttgart have tapped ABN AMRO, Barclays Capital, Commerzbank Merrill Lynch and UBS to arrange the purchase.
Did you get your bid in? Hope you didn't put it off to the last minute and let it slip by. After all, this IS one of the coolest car companies on the planet. Just think of yourself being able to say, "I liked the car so much, I bought the company!" And even better is the knowledge that it might not be losing as much money as you may have thought when you first considered your bid. The bidding for Aston Martin is just about to close and we will hopefully have the winning bidders name for you as s
UBS, a Swiss investment bank, released a statement saying that ethanol is an "insufficient" replacement for oil. Based on a study initiated by the bank, ethanol production at its current rate would total around 30 billion gallons of fuel by 2020. Unfortunately, oil consumption for vehicles alone totaled 320 billion gallons just for 2005.