Tesla Motors Inc. CEO Elon Musk said the U.S. electric-car maker intends to add factories in Europe and Asia, anticipating volume gains from a planned mass-market battery car.
Monthly Archives: August 2013
New oil drilling technologies could give us lots much oil
New oil drilling technologies could increase the world’s petroleum supplies six-fold in the coming years to 10.2 trillion barrels, says a report released yesterday by market research firm Lux Research.
American Big Oil avoiding acquisitions
With the U.S. pumping record amounts of oil, one might assume that the largest oil companies would be basking in the glow-and perhaps working out a deal or two to capitalize on the domestic boom. But they’re not.
The urge may be there to snap up smaller and more nimble oil producers, but analysts say the domestic Big Three ExxonMobil, Chevron and ConocoPhillips are encumbered by sprawling size and underperforming assets that make acquisitions less likely.
Saab gets ready to restart production
Saab’s new owner is seeking to restart production at the automaker’s mothballed factory in Sweden later this year.
Vauxhall Monza Concept unveiled ahead of Frankfurt debut
Monza Concept previews future Opel/Vauxhall design strategy, Efficient use of space, lightweight design and innovative powertrains. Revolutionary infotainment with LED projection technology.
