In the News

  • GM, Ford team up on transmission development

    GM, Ford team up on transmission development

    by Melissa Burden and Karl Henkel, Detroit News April 15, 2013 Crosstown rivals General Motors Co. and Ford Motor Co. said today they have signed an agreement to jointly develop advanced nine-speed and 10-speed transmissions, a move that likely will save each company hundreds of millions of dollars and meet competitors’ offerings faster. “Ten-speeds put them ahead,” said Jim Hall, analyst at 2953 Analytics LLP, in a telephone interview. “People now are working on eights and nines. Tens are on […]

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  • Obama budget boosts funding, tax credit for electric cars

    Obama budget boosts funding, tax credit for electric cars

    by Antony Ingram, Christian Science Monitor, April 14 2013 President Barack Obamahas said he wants to boost the Department of Energy’svehicleresearch budget 75 percent to help develop more efficient cars. In his 2014 budget proposal to Congress on Wednesday, Obama proposes $575 million extra for research, and afurther $2 billion trust fundto help research into getting off foreign oil in the next ten years. Read more…

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  • BorgWarner Turbocharged Growth Leads Auto Supplier Surge

    BorgWarner Turbocharged Growth Leads Auto Supplier Surge

    by Mark Clothier Bloomberg News April 12, 2013 With U.S. auto sales percolating at the best pace since 2007, parts suppliers are riding high, too — and none more so than BorgWarner Inc. BorgWarner outperformed every auto supplier in North America over the past three years. Shares of the turbocharger maker more than doubled from 2010 through 2012, which means that solid, stolid old BorgWarner, founded in the Roaring ’20s, beat some far more stylish companies Read more…

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  • Steel Comes Out Ahead in the Race for Lighter, Fuel-Efficient Vehicles

    Steel Comes Out Ahead in the Race for Lighter, Fuel-Efficient Vehicles

    by Mike Rippey Roll Call Guest Opinion April 11, 2013 The future of American manufacturing and, perhaps more significantly, the rebound of this nation’s steel industry was the focus of testimonies recently made to the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade. I, along with other steel industry executives, covered critical issues ranging from trade and infrastructure to energy and environment; yet, one of the key headlines to emerge was steel’s essential and growing role in enabling […]

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  • Obama’s EPA nominee touts 2025 mpg deal at confirmation hearing

    Obama’s EPA nominee touts 2025 mpg deal at confirmation hearing

    by David Shepardson The Detroit News April 11, 2013 Washington ‚Äî The Senate Environment and Public Works Committee held a confirmation hearing Thursday on the nomination of the Obama administration’s top auto emissions regulator to head the Environmental Protection Agency. Gina McCarthy, who had a key role in negotiating a deal with major automakers to double fuel-efficiency standards to 54.5 mpg by 2025, faced some tough questions from Republicans, who are deeply critical of many environmental regulations that they argue […]

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  • New Cars Sold Average Fuel Economy Sets Record For 3rd Consecutive Month

    New Cars Sold Average Fuel Economy Sets Record For 3rd Consecutive Month

    by Philippe Crowe, HybridCars.com, April 11, 2013 TrueCar announced today that fuel economy numbers from March light vehicle sales indicate the average increased to 23.7 mpg. This is the third consecutive month average fuel economy records have been achieved by the industry. Read more…  

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Opinion and Analysis