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Consumer Reports Finds Vehicle Redesigns Come With Glitches

DETROIT — When it comes to buying a new car, the latest and greatest may not be the most dependable.

November 14, 2019

Daimler’s New CEO Ola Kallenius Warns Shift to Electric Cars Will Be Painful

Daimler AG’s new CEO warned there will be no quick fix for the automaker’s struggles to adapt to an era of self-driving, electric cars.

November 14, 2019

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019

Hyliion Makes Gains With Hybrid Electrification

Hyliion CEO and founder Thomas Healy said the company anticipates receiving more investment funds soon. It built an 80,000-square-foot plant, and trucks with its e-axle have accumulated more than 1 million miles of real-world travel as fleets begin to see hybrid-electric powertrains as a timely choice for improved fuel efficiency. And yet, he sometimes feels as if he is on the industry sidelines.

November 13, 2019

Tesla to Build Factory in Germany After Subsidies Announced

BERLIN — Germany on Nov. 13 hailed Tesla’s decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electric cars.

November 13, 2019

World Thirst for Oil Keeps Growing, With SUVs a Key Culprit

PARIS — The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why.

November 13, 2019

Consumer Prices Up 0.4% in October; Gasoline Prices Surge

WASHINGTON — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March.

November 13, 2019

Diesel Climbs 1.1 Cents to $3.073 a Gallon

The U.S. average retail price of diesel rose 1.1 cents to $3.073 a gallon, the Department of Energy reported Nov. 12, the day after the national Veterans Day holiday.

November 12, 2019

Offshore Oil to Peak in 2020, Then Join Shale in Market Drop, Analysts Say

Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.

November 12, 2019

Pemex Faces Payment Problems After Cyberattack Shut Down System

A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.

November 12, 2019