Allowing single-occupant low-emission cars in California to use high-occupancy vehicle (HOV) lanes on congested highways exacerbates the congestion and causes up to about $4,500 per car in adverse social costs annually, including increased commute times and carbon dioxide emissions, according to a new study in the American Economic Journal: Economic Policy.
Ford sets ambitious 2020 goals while Europe remains a drag
Ford targets boosting its global vehicle sales by 52 percent to 9.4 million annually by 2020 as the automaker looks to fast-growing Asian markets to offset the poor-performing regions of Europe and South America.
Fiat’s tax concession with Luxembourg may be illegal state aid, EU says
A tax concession that Luxembourg authorities granted to a subsidiary of Fiat Chrysler Automobiles may constitute illegal state aid, the European Commission said today.
Hyundai reaches tentative wage deal with union
Hyundai said Tuesday it had reached a tentative wage deal with labour unions to end a series of damaging partial strikes at the world’s fifth largest automaker.
SGL Carbon will sell €267 million worth of shares to tackle debt, boost growth
SGL Carbon SE, which makes carbon fiber for the auto industry, will sell new shares for about €267 million ($339 million) to repay debt and make investments in growth.
