Environment
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Will the current global recession, slowdown for those of you in denial, be the making or the breaking of the renewable energy movement?
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The realization that diversification of energy is in everyone's interest has shifted perceptions and the big oil companies, the likes of BP and Shell, have taken the lead in alternative energy.
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The automobile industry may be rolling out electric cars in attempt to save their companies, but consumers have no incentive to buy the cars if an energy policy and a gas tax are not implemented soon, said Mike Jackson, CEO of AutoNation.
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Billionaire oil tycoon Boone Pickens, chairman of BP Capital, predicts oil will reach $75 a barrel within a year and go back up to $140 a barrel when the global economy turns around.
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China's BYD Auto's e6 all-electric automobile made its U.S. debut today, with an assist from the chairman of Berkshire Hathaway subsidiary MidAmerican Energy Holdings. Check out our video from the Detroit Auto Show.
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Top executives at Ford Motor and General Motors stressed that the fortunes of automakers will depend on a turnaround in the economy and consumer confidence in particular.
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Just weeks after ending a year marked by dismal sales and a federal bailout of General Motors and Chrysler, U.S. automakers Sunday touted new products with a focus on fuel efficiency that they say will help ensure that their cars and trucks will roll off assembly lines for years to come.
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Now is the time to buy in Manhattan, if you have cash, said Ivanka Trump, The Trump Organization executive vice president of development and acquisitions.
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Motorists are driving less and buying less gasoline, which means fuel taxes aren't raising enough money to keep pace with the cost of road, bridge and transit programs.
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Venezuela will seize several gold mining concessions that previous governments granted private operators, in a bid to supplement falling oil prices with proceeds from state-controlled gold, President Hugo Chavez said Saturday.
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The Bush Administration's plan to use TARP funding to aid the auto industry and Treasury Secretary Paulson’s decision to seek the remaining $350 billion generated more confusion and concern.
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For a while there, it really looked like high oil prices would solve the problem of climate change. People were driving less and buying cars with better gas mileage, companies were investing in alternatives
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The Bush Administration's plan to use TARP funding to aid the auto industry and Treasury Secretary Paulson’s decision to seek the remaining $350 billion generated more confusion and concern.
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The second half of the $700 billion Wall Street bailout fund is likely to go toward foreclosure relief—and possibly economic stimulus.
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President-elect Barack Obama is laying the groundwork for a giant economic stimulus package, possibly $850 billion over two years, in his first test of legislative give and take with Congress.
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The US housing market may be primed for a long-awaited recovery but will still need further help from government rescue measures.
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A Chinese-made electric car, backed by Warren Buffett, has been officially introduced to the retail market in that country. The plug-in was scheduled to be sold in the U.S. and Europe starting in 2010, but Reuters quotes BYD Chairman Wang Chuan Fu as telling reporters those plans have been delayed one year to 2011.
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If even one of the Big Three goes bankrupt, many of the already struggling auto suppliers will fail, said Wilbur Ross, WL Ross & Co. chairman & CEO of the company.
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Chrysler is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer.
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Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.