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.
Your car may drive the same no matter where you live. But the costs are different matter altogether.
The price of everything from gasoline to muffler repairs varies wildly across the country. Here are the average costs of repairs, insurance premiums, gasoline and taxes and fees in all 50 states, according to Bankrate’s first Car Cost Index.
The costs are ranked from highest to lowest.
German automotive parts maker Continental AG is close to agreeing alliances with Google and IBM to develop autonomous driving systems for cars, a German newspaper reported.
Daily Frankfurter Allgemeine Zeitung cited unspecified sources as saying Continental aims to unveil the two pacts at the Frankfurt Car Show in September.
Kia Motors Corp. is recalling certain model year 2014 front wheel drive Sorento vehicles manufactured Jan. 7, 2013, through March 12, 2013; and equipped with 2.4 liter engines, according to the National Highway Traffic Safety Administration.
The company, GM, announced Friday that it is recalling 300,000 of the compact cars because of an issue with power-assisted brakes.
