113-foot blade falls off New York windmill, lands in field FENNER, N.Y.— An energy company says it's trying to determine why a 113- foot-long blade fell off a windmill in central New York. The Post-Standard of Syracuse reports that officials in the Madison County town of Fenner say it appears the blade fell off Thursday morning at Enel Green Power-North America's wind farm. Town official say they believe a bolt may have...
Source: The Associated Press
GM's Opel to build next generation electric car in 2017 BOCHUM, Germany, Feb 11- General Motors Chief Executive Mary Barra on Thursday said the company's European division Opel would build an affordable five-seater electric car, the Ampera-e, in 2017.. "Like its twin, the Chevrolet Bolt EV, the Ampera-e promises to transform the electric vehicle market in Europe as the first EV that combines long range at an affordable...
Tesla's 4Q net loss doubles but shares up on outlook DETROIT- Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street's forecasts. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production at the end of 2017.. CEO Elon Musk said he's not worried about competition from the all-electric Chevrolet Bolt, which will have a...
Source: The Associated Press
| By: By DEE-ANN DURBIN, AP Auto Writer
Now it is Tesla's turn to confront the bears The Silicon Valley electric luxury car maker reports results on Wednesday after the close of Wall Street markets. One person not selling is Chief Executive Elon Musk, who exercised options worth about $100 million on Jan. 27 and held the shares. Uncertainty about Tesla's prospects revolves around some short-term concerns and a broader long-term threat from...
| By: Alexandria Sage
Op-ed: Obama's oil tax plan won't work Obama's oil tax plan doesn't add up. Even the president seems confused about what he wants, says energy adviser Steven Kopits.
| By: Steven Kopits
Op-Ed: The hottest sectors for M&A in 2016 M&A activity will be heating up in these sectors in 2016, despite market uncertainty, says Bob Rubino of Citizens Bank.
| By: Bob Rubino, head of corporate finance, Citizens Bank
Roche earnings fall short of forecasts Drugmaker Roche on Thursday reported full-year earnings and a dividend slightly below forecasts and said it expected sales to grow low- to mid-single digit in 2016.
LG eyes smart cars as smartphones turn 'softer' South Korea's LG Electronics is looking towards developing new areas of business - such as automobiles - as it reported full-year revenues down on "sluggish" TV demand and "softer" smartphone sales.
| By: Arjun Kharpal
Future cars now Reporter Phil LeBeau has the latest entrants in the battle for luxury cars. And with continued low gas prices, will the public make the move to hybrids and electric cars like the Chevrolet Bolt or will demand for pickups and SUVs stay strong?