Washington, D.C. -- Many oil marketers attending last week's Petroleum Marketers
Association of America (PMAA) Washington conference remain unsure how to respond
to the historic multibillion dollar antitrust settlement with Visa and
MasterCard, said Dan Gilligan, the trade group's president.
Mon, May 20th
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The boom in North American energy (primarily related to shale in the US and oil sands in Canada) is one of the biggest stories in the global economy.
A new report from The International Energy Agency (IEA) agency discusses the consequences of the boom in dramatic fashion, arguing that it's as big of a deal for the world oil market as the rise of China was over the last 15 years.
Tue, May 14th
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The latest in a continuing series of research studies by the steel industry suggest that steel technology has now progressed to the point that auto body structures in the near future can be as lightweight as today's aluminum bodies, while meeting all crash performance standards and at comparable cost of current steel structures.
Tue, April 16th
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Some states may decide to start taxing electric vehicle owners in an effort to regain lost revenue at the pump.
NEW YORK – Until now, electric vehicle owners have been immune from paying taxes at the pump, revenue that largely pays for public infrastructure. That’s about to change, Wired reports.
Tue, May 14th
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(Reuters) - A major retail trade association said Wednesday it will reject a proposed $7.2 billion settlement with credit-card giants Visa Inc (V.N) and Mastercard Inc (MA.N) over card fees, calling it a "bad deal" for nearly 8 million U.S. merchants.
Thu, April 11th
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Growing number of Americans going carless
Whether by choice or because of financial necessity, the number of American households without a car has doubled over the past two decades – and is now approaching 10 percent.The impact of this trend could be significant, especially when it comes to alternative forms of transportation such as car-sharing and mass transit, according to research by CNW Marketing.“While the recession was in large par...![]()
GM stock at highest point in more than two years
Perhaps it’s just a rising tide lifting all boats, but General Motors stock has hit its highest close in more than two years – beating the $33 a share price tag set during its initial public offering in November 2010.The resurgence comes as the overall stock market charges from one record to another, but also suggests that investors are impressed by the performance of the giant maker which earlier...![]()
Detroit roars back after years of quality issues
Is Motor City getting its mojo back? After years of losing loyal customers frustrated by quality and reliability problems, domestic automakers are showing a new-found focus on customer service that is winning back skeptics – boosting sales, market share and profits.Despite the improvement, it may take awhile for the industry to totally repair its tarnished image. “I’d love to buy something from De...![]()
Electric car maker Tesla to pay off $465M in federal loans
Electric car maker Tesla Motors has shifted into a good place: CEO Elon Musk intends to use the potential $1 billion from a new stock offering to pay off the maker’s $465 million in Department of Energy loans – and to help pay for other products that would grow the California automaker.Musk, who uses tweets to signal his plans, has hinted that he will formally announce the payoff of the loans tomo...![]()
Mercedes S-Class wows with 3D cameras and night vision
There was a time when luxury cars were defined by their sheer size and mass, their power, performance and, of course, exclusive details like leather seats and wood trim.Those factors distinguish the 2014 Mercedes-Benz S-Class, but there’s more to the redefined German flagship that fit the changing nature of the auto industry. From its LED lamps to the 3D cameras, radar and night vision systems tha...![]()