Mitsubishi is getting a $5.3 Billion Budget allowance from Renault and Nissan to R&D new models as part of a 2020 plan to turn around the company.
Browsing the "budget" Tag
We’ve discussed VW’s plans to cut R&D funds, but now it’s confirmed. Investments into Volkswagen’s Automotive Division will be slashed by 1 billion Euro.
VW is hoping its new Tristar pickup concept will help it do to full-size trucks what Mercedes’ Sprinter did to America’s full-size van market 15 years ago.
Phoenix Cars is backed by money from Dubai,PR by Arnold, and is committed to developing a full line of sensible EVs – including a 14 passenger electric bus.
That’s right, kids! You could (assuming that my math is right) drive more than 600 miles on just under 6 gallons of gasoline in Chevy’s new Silverado HD. Of course, there are asterisks all over a statement like that. Still, that statement is technically correct. So, let’s start explaining ourselves, shall we? Chevrolet introduced their […]
After showing off a CNG-powered Chevy van at auto shows for the last few years (the same CNG-powered Chevy van), GM has announced that production of their CNG/gasoline “bi-fuel” commercial trucks has – finally! – begun. The new bi-fuel CNG trucks, powered by a 6.0 liter version of the company’s OHV “small-block” V8, will be […]
What are the best value hybrid cars available? It’s a popular question on green forums, and basically centers on the question: does the money you save on gas offset the extra money you have to spend on a hybrid option?
The United States Navy is the single largest purchaser of diesel fuel in the world, and it is no wonder why; have you ever seen a Nimitz-class supercarrier in person? It’s friggin’ huge. So it is no wonder that the Navy wants to explore homegrown alternatives to the foreign oil that it uses right now. A recent $210 million biofuel purchase by the Navy to three U.S.-based refining operations has pissed off some members of the Republican party who still think we’re sitting on an unlimited and uninterrupted supply of oil.
Vespa’s APE three-wheeler is a 3rd-world workhorse of the first order, combining low cost, easy maintenance, high utility, and globally available parts into a package that is tough to beat (just as the Tata Nano guys). In some markets, the APE (and APE-type vehicles) are generically referred to as “Tuk Tuks”, and that’s what you’re […]
The United States Post Office is dirty, inefficient, and – after failing to pay back the $12 billion loan it got from the US Gov’t – hemorrhaging cash at an alarming rate. Total collapse (in the form of not being able to pay employees, pay bills, or buy stamps) has been looming for over a […]
Last week, over-the-road truck manufacturer Peterbilt showed off its new line of natural-gas-powered trucks to a select group of its dealers and influential (read: wealthy) fleet-owners at their “Natural Gas Leadership” event in Texas. The show-going crowd was able to investigate a variety of converted semis and learn about CNG refueling strategies and return on […]
This past Thursday, telecom giant AT&T re-committed to its stated goal of putting 15,000 CNG-powered vehicles into operation by 2018, reaching the milestone of 5000 commercial CNG vehicles in service a few weeks ago and putting 274 CNG trucks and vans into service in Connecticut alone (the photo, above, is of Congressman John Larson and […]
Andersen Windows‘ delivery trucks have hit the highways, and they’re being fueled by compressed natural gas that, the company believes, will save them over $25,000 per year at today’s gas prices. Per truck. More than enough, in other words, to make back the $40000 premium on CNG trucks compared to their conventional counterparts. At $5/gallon? […]
It’s an election year, which means the partisan political bickering is only getting warmed up. So it is no surprise that politicians on the right side of the aisle are already calling Obama’s proposed 2012 budget nothing more than a “campaign” document. Among the many provisions Obama outlines in his proposal is billions of dollars […]
Before we get on into what’s new at Chicago, let’s take a few minutes to talk about what’s not new. To do that, we’ll need to think back to February, 2011. “New” GM had been under the protectful umbrella of the Obama administration since the ’09 bankruptcy, spending all manner of taxpayer dollars in preparation […]
Happy Hump Day, dear readers. There’s been a ton of great green news out in the past few weeks, and with the L.A. Auto Show fast approaching, there’s even more stuff to get excited about. Some of today’s top stories include Toyota’s plans to sell a $100,000 fuel cell vehicle, propane gel could clean up fracking, and Suzuki’s 72 MPG “Regina.”