LOS ANGELES, Nov 29 (Reuters) – Ford Motor Co, which
has emphasized improving the fuel efficiency of its lineup, won
a top “green car” award for its Fusion midsize sedan, which is
offered in gas-powered, hybrid and plug-in hybrid versions.
This wide range of powertrains was the reason it was dubbed
Green Car of the Year at the Los Angeles Auto Show on Thursday.
The award by Green Car Journal recognizes leadership in reducing
LOS ANGELES, Nov 29 (Reuters) – U.S. auto sales are expected
to rebound robustly in November, potentially hitting their
strongest pace in more than four years, as consumers in the
Northeast returned to dealerships after superstorm Sandy hurt
demand in late October.
November sales were also boosted by pent-up demand for
vehicles as consumers replaced their aging cars and trucks,
analysts and executives said.
LOS ANGELES/DETROIT, Nov 28 (Reuters) – Ford Motor Co
has spent six years under Chief Executive Alan Mulally
developing its ‘One Ford’ global product strategy. Building on
this plan is Mark Fields’ top priority when he starts running
the automaker’s global operations next month.
“The priorities are almost exactly identical to the
priorities we’ve been working on,” Fields told reporters during
a roundtable at the Los Angeles Auto Show. “First off is
delivering the ‘One Ford’. It’s a timeless plan.”
LOS ANGELES/DETROIT (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) has spent the last six years developing a global product strategy under Chief Executive Alan Mulally. Building on this plan is Mark Fields’ top priority when he starts running the automaker’s global operations next month.
“The priorities are almost exactly identical to the priorities we’ve been working on,” Fields told reporters during a roundtable during the Los Angeles Auto Show. “First off is delivering the One Ford. It’s a timeless plan.”
LOS ANGELES (Reuters) – Fisker Automotive will start selling its $100,000-plus Karma plug-in hybrid in China during the first quarter of next year to take advantage of the country’s rapidly growing market for luxury cars, company executives said on Wednesday.
Fisker said earlier it would launch in China by the end of this year. But the company encountered a slight delay in obtaining final certification to sell cars in China and decided to focus on the Middle East first, spokesman Roger Ormisher said.
LOS ANGELES, Nov 28 (Reuters) – Ford Motor Co, the
second-largest U.S. automaker, will upgrade its touch-screen
entertainment and navigation system beginning next month as well
as extend the warranty on the software by two years, a top
executive said on Wednesday.
The MyFord Touch system has been criticized by analysts and
users as too complicated, and analysts say these features are
highly valued by prospective buyers. Ford has improved the voice
recognition and navigation in what it calls “version 3.5″ of the
software, said Mark Fields, Ford’s head of the Americas.
Nov 27 (Reuters) – SolarCity Corp, a U.S. installer of
residential and commercial solar systems, said it expects its
initial public offering of 10.07 million shares to be priced at
between $13 and $15 apiece.
At the top end of the expected price range, the offering
would raise about $151 million and give the company a valuation
of more than $1 billion.
LOS ANGELES, Nov 20 (Reuters) – Chevron Corp sought
to open an investigation on Tuesday into New York State
Comptroller Thomas DiNapoli, claiming he pressured the oil
company to settle environmental litigation in Ecuador in
exchange for campaign contributions from supporters of the
Chevron said it filed a complaint before the New York State
Joint Commission on Public Ethics, seeking a probe of DiNapoli
and current and past members of his staff.
LOS ANGELES/SAN FRANCISCO Nov 7 (Reuters) – Energy producers
braced for tighter regulation in President Barack Obama’s second
term, with coal companies expecting more emissions restrictions
and drillers anticipating less access to federal land even as
his platform promotes energy independence.
Opponents already believe that Obama has waged a “war on
coal” through the administration’s push for stricter regulation
of greenhouse gas emissions by the Environmental Protection
LOS ANGELES, Nov 1 (Reuters) – U.S. solar companies First
Solar Inc and SunPower Corp reported
stronger-than-expected quarterly results as cost cuts and new
projects helped offset the impact of weak prices due to a global
glut of solar panels.
First Solar, the biggest U.S. solar panel maker, cut its
full-year revenue outlook, however, citing disruptions in its
supply chain from Hurricane Sandy, and also slashed its
operating cash flow view due to potential weather-related
project delays and restructuring costs.