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As the OPEC refutes manipulation claims and the US production surges, oil prices to stay low


Even as speculation that the OPEC is manipulating artificially the oil prices, the organization claims it has no set price target for oil, according to Salem el-Badri, head of the Organization of Petroleum Exporting Countries, cited by the Wall Street Journal. Global trade and equity markets remain bewildered by the fresh turmoil in the energy market and the price of gasoline ...
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US: Investors fret Ford’s aluminum F-150 might be too expensive amid fuel price drop
Deutsche Bank AG decided to downgrade the rating of the second-largest US automaker, Ford Motor, on concerns that the initial asking price of the aluminum-intensive new generation F-150 pickup truck ...
Fiat Chrysler stock drops after convertible bond introduction
The stock of the Fiat Chrysler Automobiles company had a rapid descent yesterday, mainly due to investors divesting the shares after they purchased a $2.5 billion bond that converted into ...
US: Hertz ready to revise results and lower costs
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US: Mini’s retro allure succumbs to fresh delivery fall
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US: Dodge restarts production of the 2014 Viper SRT
The Viper was resurrected in 2012, but the manually fabricated American take on the supercar had a slow start – the price prevented sales from taking off and the 2014 ...
US: pickup truck sales soar, hybrids plummet
It’s very interesting to see how the US auto industry’s revival is once again supported by the segment that was going towards the grave according to many – the hulking ...
Hyundai’s third-quarter profit slumps 29%
The largest South Korean automaker reported – just as analysts suspected – a record decline in its third-quarter net profit, with the 29% fall the biggest in more than six ...
Hyundai Motor shares take a dive on profit concerns
South Korea’s biggest carmaker, Hyundai Motor, has seen its shares in a steep dive ever since announcing a record $10 billion deal to acquire a prized land plot in Seoul’s ...
US: eco vehicles impacted by declining gasoline prices
Many people opt for the pricier alternative-fuel vehicles to also benefit from the lower fuel consumption, not just to save the planet. But now, as gas prices are dropping everywhere ...

latest automotive news
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2016 Toyota Tacoma shows its face
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