Volkswagen AG’s work to overcome the emissions-cheating scandal was set back after the California Air Resources Board rejected its proposed engine fix, just a day before Chief Executive Officer Matthias Mueller meets regulators to discuss ways out of the crisis.
There aren’t many people who feel bad for oil companies. But the implosion in oil prices — which briefly pushed the price of crude below $30 a barrel Tuesday for the first time since 2003 — is causing a profit decline that almost invokes pity.
Chrysler is dropping the venerable “Town & Country” name in an effort to get away from the stigma attached to the minivan as a uncool vehicle.
The oil bust that has cost the United States roughly 70,000 energy jobs has become more severe than any downturn in 45 years, Morgan Stanley said Monday, as crude prices fell a sixth day.
American drivers are turning their backs on better mileage.
The amount of oil hauled on US railways has declined steeply in the past year as refineries swallow more foreign supplies in the face of falling domestic crude output.
People loved to leave this town. Kids grew up and got out. Take me to Minot, they would say. To Fargo or Bismarck. Anywhere but this emptiness. Then the boom began and the world came to them.
Food vs. fuel. It’s an argument you’ve likely heard before, and you’re likely to hear again. People in the world are still going hungry, so we shouldn’t be using crops to make fuel. The corn grown in the United States should be going into the bellies of starving children, not our gas tanks. Read more →
Here’s yet another reason to believe Apple may be working on that long-rumored car.
Oil fell for a fifth straight day on Friday, losing 10 percent on the week, and Goldman Sachs said more losses were needed to force producers to cut supplies adequately to balance the glut and bleak demand outlook in the market.
