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Flint: Hydrogen, to the Back Burner

Everybody is working on new ways to improve fuel economy and to go green. That's the news out of theFrankfurt auto show.

But if you take it a step further, it likely means that the most radical potential change in the automobile world - a move to hydrogen-powered vehicles - will likely go on hold, according to thecarconnection.com

Posted by Peter C. T. Elsworth  at 9:37 AM to Alternative fuels | Permalink | Comments 0

Oil Prices Rise Above $82 a Barrel

SINGAPORE -- Oil prices rose Wednesday above the previous session's record close, lifted by expectations the interest rate cut by the U.S. Federal Reserve will accelerate growth and increase demand for already tight crude and gasoline supplies, aaccording to the Associated Press.
Light, sweet crude for October delivery added 66 cents to $82.17 a barrel in Asian electronic trading on the New York Mercantile Exchange by midafternoon in Singapore.

Posted by Peter C. T. Elsworth  at 9:33 AM to Crude oil market | Permalink | Comments 0

UAW-GM Work Toward Contract

DETROIT -- As General Motors and the United Auto Workers enter their fifth day of bargaining under hour-by-hour contract extensions Wednesday, the unique issues that each of the Detroit Three automakers faces could make it difficult to use an agreement with GM as a pattern contract for Ford and Chrysler, according to the Associated Press.
All three companies are grappling with dwindling market share, high health care costs and too much factory capacity, but Ford may negotiate temporary wage cuts, for example, because its financial situation is the most dire, and Chrysler's status as a private company could affect its contract.

Posted by Peter C. T. Elsworth  at 9:29 AM to Chrysler , Ford , GM , Unions | Permalink | Comments 0