Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
With too many factories making slow-selling cars, General Motors can't afford to keep them all operating without making some tough decisions. But the political atmosphere might be limiting its options.
I met Bill Tower at his Corvette Racing Seminar at the 2016 12 Hours of Sebring event. Tower started working for Chevrolet as a Corvette development engineer late in 1963, and today lives in Plant City, Florida.
Nick Cunningham at Oilprice.com points to the dilemmas implicit in the rumored Saudi plan to engineer a return to $100 a barrel oil. That price level translates into an average gasoline price in the US of $3.57, though in California, with a population of about 40 million.
General Motors shares rose the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market. Aleksandra Michalska reports.
Testing for the fuel cell pickup truck began last year, and the Army intends to "conduct user assessments and demonstrations in 2017." Exact specifications for the truck haven't been revealed, but a shadowy teaser image shows that its styling differs significantly from the production Colorado.