By Peter Brieger
Global automakers are locked in a showdown evoking the video format wars of the 1980s, as they bet on what eco-friendly vehicles will prevail in the battle for dominance of the burgeoning low-emissions sector.
BMW plans multi-billion cost cuts program
BMW CEO Norbert Reithofer has hired management consultants from McKinsey to help draw up cost cuts aimed at saving between €3 billion to €4 billion ($4 billion to $5.4 billion) a year, a German business magazine said.
BMW sees big auto finance growth potential in China
BMW Group has received a big boost from its consumer finance company, AFC, which was launched in China in 2010, and the carmaker sees potential for the unit to grow further in the market.
€24 is Minimum CO2 price needed to curb warming
A global carbon price of at least €24 ($32) per tonne is needed by 2015 to apply an effective brake on global warming — almost five times today’s European market rate, a study said Monday.
Massachusetts selects California center to administer ZEV incentive program
The Massachusetts Department of Energy Resources has selected the nonprofit, California-based Center for Sustainable Energy to administer a new incentive program aimed at increasing the number of zero-emission vehicles commonwealth residents own.
