Mexican Media Brands
Average Fuel Economy Drops
The University of Michigan Transportation Research Institute (UMTRI) reports average fuel economy fell a precipitous .5 miles per gallon in September. "This large drop likely reflects the increased sales of light trucks and SUVs, and the reduced demand for fuel efficient vehicles of all types because of the falling gas prices," says UMTRI research professor Michael Sivak. (24/7 Wall St.)
Read more
#economics
Share
The University of Michigan Transportation Research Institute (UMTRI) reports average fuel economy fell a precipitous .5 miles per gallon in September. "This large drop likely reflects the increased sales of light trucks and SUVs, and the reduced demand for fuel efficient vehicles of all types because of the falling gas prices," says UMTRI research professor Michael Sivak. (24/7 Wall St.)
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.