Main page | May 24, 2007 »

Cutting up DCX not a done deal

The selling of Chrysler is not a done deal -- yet, according to the Detroit Free Press.
Cerberus Capital Management will spend the next few weeks -- if not months -- finalizing the deal, conducting further double-checking and settling details before signing on the dotted line to acquire the Chrysler Group from DaimlerChrysler AG.

Posted by   at 12:17 PM to Companies | Permalink | Comments 0

Calif. officials push strict fuel rule

California officials pushed federal environmental regulators on Tuesday to approve the state's plan for a 30% cut in greenhouse gases from cars and trucks, saying automakers had overplayed their challenges to meeting the targets, according to the Detroit Free Press.

If successful, California's plan would set up strict new fuel economy goals of about 43 miles per gallon by 2016 that automakers might be forced to follow nationwide.

Posted by   at 12:14 PM to Environment , Fuel economy | Permalink | Comments 0

NYC's taxi fleet will be green by 2012

The city's yellow taxi fleet will go entirely hybrid within five years, Mayor Michael Bloomberg announced yesterday, according to USA Today.
"There's an awful lot of taxicabs on the streets of New York City," Bloomberg said. "These cars just sit there in traffic sometimes, belching fumes.
Nearly 400 fuel-efficient hybrids have been tested in the city's taxi fleet over the past 18 months, with models including the Toyota Prius, the Toyota Highlander Hybrid, the Lexus RX 400h and the Ford Escape.

Posted by   at 12:07 PM to Alternative fuels | Permalink | Comments 0