Electric vehicles and a better use of methanol
are some key issues that Europeans need to consider to ease their dependence on oil, scientists said in Brussels.
Scientific and political leaders met in Brussels for the ninth annual prese…
The pressure on world oil prices has led to record costs for fuel in Britain, raising concerns that household incomes could be hit significantly and the government may
have to change its policies.
The average price of petrol in Britain h…
A war on wheels has been raging in London since Uber started operating there four years ago. Traditional black cab drivers have been up in arms about the new high-tech disruptor.
Uber has accused London’s Mayor of siding with the b…
WRITING a few weeks ago, Gulliver envisioned a close partnership between the then president-elect, Donald Trump, and the bosses of tech firms; one that could remove regulation and pave the way to a future of autonomous electric vehicles.
…
Chinese tech giant Tencent has spent $1.78bn (£1.4bn) on buying a 5% stake in electric carmaker Tesla.
Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud comp…
BMW's first quarter profits rose more than expected after the value of its stake in the mapping service Here was boosted by an investment by Intel.
The German car giant reported pre-tax profits of 3bn euros (£2.5bn), a 27% jump from the…
General Motors Co (GM.N) said on Wednesday it would expand its car-sharing operation, Maven, in the U.S. ride services market as the automaker looks to benefit from a growing 'gig' or freelance economy.
GM's Maven Gig program will help …
What changes a corporate branding disaster from being a costly and damaging affair, to one with fatal consequences for the company concerned?
How is it some firms have been able to bounce back while others are unable to survive?
Both…
A new World Bank report released on Thursday highlighted the potential impacts that the expected continuing boom in low-carbon energy technologies would have on demand for many minerals and metals.
Using wind, solar, and energy storage…
Japanese car giants Toyota and Mazda have teamed up to invest $1.6bn in a new car plant in the US.
The new factory aims to produce 300,000 vehicles a year and expects to employ about 4,000 people.
President Donald Trump tweeted the d…
China is on pace to overtake the United States as the world's biggest oil importer this year, cementing its status as Asia's most pivotal oil market actor that will increasingly dominate the region's fuel trade.
For the first time, Chin…
Volkswagen plans to make a new electric van inspired by the one that spawned its much-loved camper.
The last classic VW Kombi, or VW T2, was produced in Brazil in 2013 after safety standards there became too onerous for further adaptati…
Volkswagen is more focused on its multi-billion-euro shift towards electric vehicles and transport services than any potential sale of motorcycle brand Ducati or transmissions maker Renk, its head of strategy told Reuters.
Analysts and …
Ford has said it is in discussions with a Chinese company to create a new line of electric vehicles for the world's biggest market.
Ford said it was exploring a joint venture with electric car maker Anhui Zotye Automobile Co.
The fir…
Back in 2011, the U.S. Department of Energy (DOE) began something called The SunShot Initiative. The intent was to set 2020 and 2030 targets making solar power more affordable in three categories: utility-scale generation, commercial, and …
The average dealer incentive on new vehicles is at about $4,300, an all-time high.
The biggest discounts are on 2017 models, especially sedans.
Consumers with great credit could also get zero percent financing on some models.
…
Sales of electric and hybrid cars rose above half of new registrations in Norway in 2017, a record aided by generous subsidies that extended the country’s lead in shifting from fossil-fuel engines, data showed on Wednesday.
…
Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.
While shares in top energy companies have risen since mid-2017, they have failed to keep step with recovering crude markets, opening up a histo…
Electric-powered Mini cars are to be built in China, as well as in Oxford where most Minis are currently made.
BMW, the owner of the Mini brand, said it had agreed an outline deal with Chinese manufacturer Great Wall Motor.
Cars made…
Chinese carmaker Geely has become the biggest investor in Mercedes-Benz owner Daimler, saying it hopes to cooperate with the German giant on electric cars.
Geely shares jumped in Hong Kong after the deal to buy almost 10% of the firm wa…
Germany says it will remain "watchful" of Chinese carmaker Geely after it became the biggest investor in Mercedes-Benz owner Daimler.
The German government warned the deal should not be used as a "gateway" for Chinese industrial policy …
After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed.
“It doesn’t feel like we are in a serene time for any energ…
Renewable Energy - Transformation is picking up speed in the power sector, but urgent action is required in heating, cooling and transport
178 GW of renewable power added globally in 2017
Renewable power accounted for 70% of net addi…
Electric cars have grabbed all the headlines, but what about electric motorbikes? They're quick, clean and quiet, and big manufacturers are waking up to their potential as legislators around the world bear down on vehicle emissions.
Ric…
Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies.
…
ABB’s global leadership in fast charging solutions for electric vehicles leads Fortune magazine to rank it #8 among top companies that “help the planet and tackle social problems.”
ABB has been named #8 in Fortune magazine’s “Change th…
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing U.S. electric vehicle maker Tesla Inc (TSLA.O).
The funding will enable Silicon Valley-base…
Carmaking giant BMW wants to take control of its joint venture in China and is set to pump billions more into its production capacity in the country.
The German firm will spend €3.6bn ($4.16bn; £3.14bn) to up its stake in Brilliance Aut…
Enevate Secures Funding from LG Chem to Accelerate Fast Charge Li-Ion Battery Technology Development for Electric Vehicles
Enevate’s advanced Li-ion technology features extreme fast charging combined with high energy density and low-t…
Mining has a considerable positive economic impact on most African countries, but with the right kind of support from government, industry, individual stakeholders and the general population, it can be even greater, the African Mining Netw…
Enevate’s silicon-dominant Li-ion technology features extreme fast-charging capabilities with high energy density and improved safety
Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has announced today…
Kantanka Automobile will soon introduce electric vehicles (EV) onto the Ghanaian market.Already, the company has commenced efforts to locally build the vehicles to enhance the country’s drive towards the use of electric cars.
Professor …
Electric carmaker Tesla has said it will cut its workforce by 7% after the "most challenging" year in its history.
In an email to staff on the firm's website, founder Elon Musk said that growth had been strong.
But he added it was di…
Tesla made a profit of $139.5m (£106.4m) in the three months to 31 December - avoiding a loss for a second quarter in a row.
While lower than expected, the gain still marked an improvement for the electric car-maker, which has routinely…
When BMW and Daimler announced a €1bn (£880m) partnership last week to develop a suite of "mobility services" together, it was a clear sign of how the auto industry had changed.
For one thing, the German giants - who plan to work on dri…
FansofXShore, a Swedish public company under formation has been granted the opportunity to invest in X Shore via the FundedByMe platform and network.
X Shore who offers 100% electric boats are already a success and are now looking to th…
• The 7th annual Looking Further with Ford Trends Report reveals how trends are influencing behavioural change across key areas of our lives
• Survey shows that the ever-changing technology landscape is affecting people in different way…
Fiat Chrysler has withdrawn its merger proposal for French carmaker Renault, the Italian-American firm has said.
The announcement followed a failed attempt by Renault board members to reach a decision on the offer.
Renault said it ha…
News that Ford plans to close its Bridgend plant next year, with the loss of 1,700 jobs, is just the latest in a series of blows for the UK car industry.
In February, Honda said it would close its Swindon plant by 2021, with the loss of…
Car giant Ford has said it is planning to cut about 12,000 jobs across its European operations by the end of 2020.
The carmaker is trying to cut costs and restructure its European business, which is losing money.
It plans to have clo…
UN Economic Commission for Africa (ECA) to play pivotal role in retooling Cameroon’s industrial masterplan
A wide gamut of actions to be undertaken to overhaul Cameroon’s second generation Industrialization Masterplan were explored
C…
Jaguar Land Rover (JLR) is investing hundreds of millions of pounds to build a range of electric vehicles at its Castle Bromwich plant in Birmingham.
Initially the plant will produce an electric version of the Jaguar XJ.
JLR says the…
Car use will still need to be curbed even when all vehicles are powered by clean electricity, a report has said.
It warns that electrifying cars will not address traffic jams, urban sprawl and wasted space for parking.
The Centre for…
ABB and the Italian company FIMER S.p.A announced today that they have signed an agreement for FIMER to acquire ABB’s solar inverter business. The transaction will enhance the future prospects of the solar inverter business and will enabl…
The number of electric car models available to consumers in Europe is expected to triple by 2021, says a European environmental lobby group.
The uptake of electric cars has been stalling, blamed on a lack of charging infrastructure and …
Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced.
It will reduce its production capacity and the number of models it produces by 10% by the end of 2022, but it…
British Gas owner Centrica's chief executive Iain Conn is to step down from his post and retire from the company's board next year.
He told the Today programme it was "a natural time for me to hand over".
Centrica reported a pre-tax …
Jaguar is calling for the Oxford English Dictionary and Oxford Dictionaries to update their online definition of the word ‘car’
The online definition currently only defines a car as being powered by an ‘internal combustion engine…
Workers began a strike against General Motors on Monday after America's biggest carmaker failed to reach a deal over pay and conditions with the United Auto Workers union (UAW).
Almost 50,000 workers are due to take part in the strike, …
Fiat Chrysler is to merge with Vauxhall's owner PSA to create the world's fourth largest car company.
The two sides say they have yet to finalise all the details, but the 50-50 merger is expected to provide significant cost savings.
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