Drawing a link between reduced fuel consumption and climate change, President Barack Obama said Tuesday that his administration will issue tougher fuel-efficiency standards for delivery trucks by March 2016.
NEW YORK — Exxon Mobil Corp. expects to see more and more hybrids on the world’s roads, with gas-sipping models like the Toyota Prius making up half of all vehicles by 2040. The largest publicly traded oil and gas company on Thursday released its annual energy outlook. It says the use of hybrids — vehicles […]
HAGERSTOWN — Swedish truck maker Volvo AB says it’s getting $19 million from the U.S. Department of Energy to help develop more fuel-efficient tractor-trailers. The company said Monday that the work will be done at its Hagerstown powertrain assembly plant, and Greensboro, N.C., home to Volvo’s technology unit and Mack Trucks brand. The five-year project […]
DETROIT — Ford posted its best first-quarter profit in 13 years, as its new, more fuel-efficient vehicles reached showrooms during a surge in gasoline prices. New arrivals such as the Ford Explorer and Fiesta small car are selling well. Company profits are growing around the world. And Ford is charging more for its cars, helping […]
WASHINGTON — The new cars and trucks sold in 2025 may be required to average 62 miles per gallon as a group, far surpassing the fuel efficiency of current high-mileage stars like the Toyota Prius and Honda Civic hybrids. The government on Friday presented the potential range it is considering for fuel efficiency standards for […]