Washington, D.C. -- Many oil marketers attending last week's Petroleum Marketers
Association of America (PMAA) Washington conference remain unsure how to respond
to the historic multibillion dollar antitrust settlement with Visa and
MasterCard, said Dan Gilligan, the trade group's president.
Mon, May 20th
The boom in North American energy (primarily related to shale in the US and oil sands in Canada) is one of the biggest stories in the global economy.
A new report from The International Energy Agency (IEA) agency discusses the consequences of the boom in dramatic fashion, arguing that it's as big of a deal for the world oil market as the rise of China was over the last 15 years.
Tue, May 14th
The latest in a continuing series of research studies by the steel industry suggest that steel technology has now progressed to the point that auto body structures in the near future can be as lightweight as today's aluminum bodies, while meeting all crash performance standards and at comparable cost of current steel structures.
Tue, April 16th
Some states may decide to start taxing electric vehicle owners in an effort to regain lost revenue at the pump.
NEW YORK – Until now, electric vehicle owners have been immune from paying taxes at the pump, revenue that largely pays for public infrastructure. That’s about to change, Wired reports.
Tue, May 14th
(Reuters) - A major retail trade association said Wednesday it will reject a proposed $7.2 billion settlement with credit-card giants Visa Inc (V.N) and Mastercard Inc (MA.N) over card fees, calling it a "bad deal" for nearly 8 million U.S. merchants.
Thu, April 11th
GM stock at highest point in more than two years
Perhaps itâ€™s just a rising tide lifting all boats, but General Motors stock has hit its highest close in more than two years â€“ beating the $33 a share price tag set during its initial public offering in November 2010.The resurgence comes as the overall stock market charges from one record to another, but also suggests that investors are impressed by the performance of the giant maker which earlier...
Detroit roars back after years of quality issues
Is Motor City getting its mojo back? After years of losing loyal customers frustrated by quality and reliability problems, domestic automakers are showing a new-found focus on customer service that is winning back skeptics â€“ boosting sales, market share and profits.Despite the improvement, it may take awhile for the industry to totally repair its tarnished image. â€œIâ€™d love to buy something from De...
Electric car maker Tesla to pay off $465M in federal loans
Electric car maker Tesla Motors has shifted into a good place: CEO Elon Musk intends to use the potential $1 billion from a new stock offering to pay off the makerâ€™s $465 million in Department of Energy loans â€“ and to help pay for other products that would grow the California automaker.Musk, who uses tweets to signal his plans, has hinted that he will formally announce the payoff of the loans tomo...
Mercedes S-Class wows with 3D cameras and night vision
There was a time when luxury cars were defined by their sheer size and mass, their power, performance and, of course, exclusive details like leather seats and wood trim.Those factors distinguish the 2014 Mercedes-Benz S-Class, but thereâ€™s more to the redefined German flagship that fit the changing nature of the auto industry. From its LED lamps to the 3D cameras, radar and night vision systems tha...
Expect millions of electric car charging stations by 2020
Tesla Motors might have scored its first-ever profit during the first quarter, but sales of plug-in vehicles are lagging below expectations, which analysts blame on the high price of battery-based vehicles as well as their limited range.But the nascent electric vehicle market may get a big boost if a new study from IMS Research proves on target. It predicts the number of EV charging stations will ...