China’s Dongfeng reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners.
The country’s second-biggest carmaker, which on Wednesday agreed to buy a stake in struggling French partner PSA/Peugeot-Citroen, said net profit was 10.53 billion yuan ($1.70 billion), according to a statement through the Hong Kong Stock Exchange. That beat a forecast of 10.24 billion yuan from 28 analysts polled by Thomson Reuters.
Ballard Power Systems Inc. is poised to report the first profit in its 21-year history as a public company, evidence the fuel cell maker isn’t heading for a repeat of the 2000 technology bust.
CEO John Sheridan, who retires at the end of 2014 after nine years in the top job, has focused on fuel cells for buses, forklifts and telecommunications towers, shifting away from car clients like Ford and Daimler.
The value of the global three-wheeler market will grow at a compound annual growth rate (CAGR) of 13% during 2014-19, according to a recently published report by TechSci Research, “Global Three Wheeler Market Forecast and Opportunities, 2019”.
The introduction of CNG/LPG three-wheelers has revived the global three-wheeler market and significantly increased the acceptability of three-wheelers across many countries, especially in developing nations, the report says.TechSci categorizes the three-wheeler industry into two segments: passenger carriers and load carriers.
In a pair of studies using real-world driving conditions, scientists at the US Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) found that hybrid cars are significantly more fuel-efficient in India and China than they are in the United States due to traffic and driving conditions in those countries.
Five states (Texas, North Dakota, California, Alaska, and Oklahoma) and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013, according to the US Energy Information Administration (EIA).
