Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
The EPA has proposed to leave in place its emissions standards for light vehicles through 2025, a move that’s likely to be opposed by automakers seeking relief from rules that they say are challenging and costly.
OPEC clinched a deal to curtail oil supply, confounding skeptics as the need to clear a record global crude glut — and prove the group’s credibility — brought its first cuts in eight years
Since the Arab Oil Embargo four decades ago, every president has promised to wean the United States off the need for foreign oil.
Regardless of the outcome of the meeting on 30 November, the future of OPEC looks uncertain. The organisation is facing a perfect storm, squeezed as it is between the revolution in shale oil, which has increased global supply and brought down prices, and the prospect of a global peak demand, and falling costs of alternatives.
Anyone planning to trade the outcome of this week’s OPEC meeting might consider the lessons of the group’s last production cut. Then take a deep breath.
In a conversation at the recent AutoMobility LA event, the Executive Vice President of the NA Engineering and Planning Center, Volkswagen Group of America, Dr Matthias Erb, stated that some strategists at the company were expecting cost parity between battery-electric and diesel vehicles to be reached by 2023–2025, owing to increasingly strict emissions standards.
Volkswagen introduced its new e-Golf at the LA Auto Show last week and today the automaker announced more plans for its electric vehicles in North America. As part of its plan for the next decade, the company wants to “evolve from a niche supplier into a relevant and profitable volume producer.”
New research at the Integrated Bioprocessing Research Laboratory (IBRL) on the University of Illinois Urbana-Champaign campus could significantly change ethanol production by lowering operating costs and simplifying the dry grind process.
The Environmental Protection Agency set new 2017 targets for biofuels, part of a troubled and complex program to promote non-corn-based ethanol and biodiesel that has fallen far short of the goals Congress adopted in 2007. Moreover, the byzantine enforcement program, strongly criticized by many oil refiners, could end up on President-elect Donald Trump’s chopping block.
