TOKYO (AP) — Nissan's quarterly profit jumped nearly 15 percent to a better-than-expected 124.9 billion yen ($1.1 billion) as vehicle sales improved in almost all regions.
The Japanese automaker, behind the Leaf electric car, Altima compact and Infiniti luxury brand, stuck to its profit forecast for the full fiscal year through March 2015 at 405 billion yen ($3.6 billion).
DETROIT (AP) — Owners of electric vehicles have already gone gas-free. Now, a growing number are powering their cars with sunlight.
Solar panels installed on the roof of a home or garage can easily generate enough electricity to power an electric or plug-in gas-electric hybrid vehicle. The panels aren't cheap, and neither are the cars. A Ford Fusion Energi plug-in sedan, for example, is $7,200 more than an equivalent gas-powered Fusion even after a $4,007 federal tax credit.
DETROIT (AP) — General Motors is moving production of the Chevrolet Volt's electric drive unit from Mexico to a Detroit-area factory as it updates the slow-selling car to increase its electric range and make it perform better.
The Volt can go about 38 miles on battery power before a small gasoline generator kicks in. In the revamped version, coming in the second half of next year, the battery will store more energy yet be smaller, allowing the car to go farther on battery power, CEO Mary Barra said in a speech delivered at the Detroit Economic Club on Tuesday.
There’s still a waiting list to get a Tesla Motors Model S sedan, but U.S. sales through September were down 26 percent compared to the period a year earlier, and the company has now launched incentives including a lower cost leasing plan and a “happiness guarantee,” The Wall Street Journal reports.
CEO Mary Barra will announce details of General Motor’s moving the manufacture of the electric drive for its Chevrolet Volt from Mexico to Michigan, during a speech Tuesday to the Detroit Economic Club, The Wall Street Journal reports.
Saying the bill had strong support from lawmakers and merely reinforces existing measures, Michigan Gov. Rick Snyder Tuesday signed legislation backing the power of auto dealers and preventing Tesla Motors from selling directly to consumers, The Washington Post reports.
Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.
The buyer was not disclosed.
The Germany-based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla made the battery packs and chargers for the two-seat electric Smart and developed part of the electric drive system in the B-Class Electric Drive.
A bill aimed at blocking Tesla Motors Inc. from making direct sales to customers in Michigan has cleared the state's legislature, and its fate now lies with Republican Gov. Rick Snyder who can deliberate until Oct. 21, Automotive News reports.
HAWTHORNE, Calif. (AP) — Luxury electric car maker Tesla Motors is making its Model S sedan faster and safer in an effort to compete better with other high-end sedans.
At an open-to-the-public unveiling Thursday night that included bumping music, free alcohol and test rides on an airport tarmac, CEO Elon Musk unveiled an all-wheel-drive version of the car that includes self-driving features he called "auto pilot."
The announcement ended a week of speculation following a cryptic Musk tweet that said, "About time to unveil the D and something else."
The stocks of U.S. petroleum products increased last week, the Energy Information Administration reported, although the million barrel rise in crude stocks was less than analysts’ expected, while the jump in gasoline stocks exceeded predictions, according to Reuters.
Earthjustice filed court papers Tuesday on behalf of several environmental and health groups seeking to intervene to defend the Environmental Protection Agency’s lower ozone limits from a lawsuit brought by coal company Murray Energy, The Hill reports.
State Department climate envoy Todd Stern told a news conference that he’s thinking about the upside, not the downside, heading into a critical global conference on climate change policy that starts Monday, National Journal reports.
The plan for coal producer Walter Energy to emerge from bankruptcy is being fought by unions and the firm’s retired workers in Alabama, but a court Tuesday approved the company’s move to auction off assets, Reuters reports.
Acting to lower its credit rating for Pemex, Moody’s Investors Service pointed to the firm’s increasing debt and declining earnings, although Mexico’s national oil company responded by saying the move brings the agency in line with other ratings firms, The Wall Street Journal reports.
The White House and the billionaire conservative Koch brothers have been allies recently in moves to liberalize the nation’s criminal justice laws, but they are disagreeing over one measure that would require proof of suspects knowingly engaging in unlawful conduct, The New York Times reports, noting that such a move is alarming environmentalists.
According to a report released this week by the U.N. Office for Disaster Risk Reduction, weather-related disasters have caused more than 600,000 deaths and trillions of dollars in damages over the past 20 years, The New York Times reports.
A market-based approach for cutting vehicles’ greenhouse gas emissions—which could include mileage-based driver fees or emissions trading—is the goal as Connecticut, Delaware, New York, Rhode Island, Vermont, and the District of Columbia announced an agreement to work together on the issue, Reuters reports.