I wonder how Main-Street feels about this one. Even though millions of Americans are already outraged over bailing out Wall Street, they are now being asked to bail out Detroit too.
Later this morning expect dismal third-quarter results from GM and Ford, estimated at $2 billion each, which will probably plunge the markets even deeper down.  [...]

Are the days of the SUV and large gas-guzzlers over? The New York Times reports how “Soaring gas prices have turned the steady migration by Americans to smaller cars into a stampede.”
According to the Times: “In what industry analysts are calling a first, about one in five vehicles sold in the United States was a [...]

Now its getting silly. The American motor industry’s rush to greenwash its products has now even affected the Hummer, with GM announcing yesterday an ethanol-powered version of the military-style vehicle.
General Motors kicked off the Detroit motor show by revealing biofuel-propelled prototypes of a Hummer, even though the car does just 16 litres per 100km (15 [...]

General Motors is to give drivers the chance to try out hydrogen-powered vehicles, although it will help if you are a celebrity. As part of “Project Driveway“, GM will put more than 100 fuel-cell vehicles in the hands of customers before the end of the year.
Ironically, the cars will be based on the Chevrolet Equinox [...]

London’s Mayor, Ken Livinstone will announce radical plans to slash London’s carbon emissions by 60% within 20 years.
Livingstone wants a quarter of London’s electricity supply to be shifted from the national grid to local combined heat-and-power systems by 2025.