Oil prices jumped to an 18-month high as the financial markets ponder the impact of a U.S. or NATO action in Syria. The question that looms is: How will supply, particularly through the Suez Canal, be impacted? A quick look at the numbers is telling. October crude futures surged 2.9%, to $109.01 a barrel on […]
TrueCar.com, the data-driven company that sources, compiles, and analyzes car-buying information, has released its August 2013 sales and incentives forecast. Highlights are as follows: For August 2013, new light vehicle sales in the U.S. (including fleet) is expected to be 1,464,214 units, up 14.4 percent from August 2012 and up 11.8% percent from July 2013 […]
One of the key drivers of the global electric vehicle market is the reduction in the upfront ownership cost of vehicles this year. In fact, the prices of key electric vehicles have gone down by as much as 18 per cent of their 2012 price, as manufacturers look to boost sales and stay competitive. The […]
The volumes for used Class 8 trucks sold in July recovered from the steep decline recorded in June, according to ACT Research. All three market segments, auction, retail, and wholesale, contributed to the sequential gain, with the total market improving 4% month over month. The update on the used market was reported in the latest […]
New Flyer Industries has selected BAE Systems’ HybriDrive® propulsion system to power a fleet of new 60-foot, low-floor rapid transit buses for the Santa Clara Valley Transportation Authority (VTA) in San Jose, California. New Flyer Industries will provide up to 29 articulated hybrid buses for the transit agency, with an option for up to 20 […]
In North America, the first driverless vehicles will appear in the beginning of the next decade, evolving to more than 10 million robotic vehicles shipping in 2032. “While the technological feasibility of autonomous vehicles is being demonstrated by Google, Audi, Volvo, Bosch, and Continental, obstacles such as high costs and lack of legislation remain. On […]
