General Motors Co. stands to lose as much as $9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the U.S.
Former Shell Oil President John Hofmeister on the fallout from OPEC to cut crude oil production.
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.
Volkswagen AG’s namesake brand will make an aggressive push in the U.S. and begin a concerted shift toward electric vehicles as it looks to revive its brand and recharge its bottom line.
General Motors plans to start offering fleet customers heavy-duty pickups and full-size vans powered by compressed natural gas and liquefied petroleum gas.
When you’re the International Energy Agency, you have to go out on a limb and peer a quarter-century ahead. The latest World Energy Outlook, published on Tuesday, weighs in at a magisterial 667 pages of detailed analysis and scenarios. I’m going to focus specifically on one aspect: oil supply and demand.
