Europe and China will become the biggest markets for battery-powered, all-electric cars in the next 10 years, while the United States will remain the leading market for gas-electric hybrids, according to a new forecast. The divergence reflects the difference in national and regional emission policies, fuel taxes and prices, and driving patterns. “Electric vehicles make … Continue Reading →
Toyota Motor Corp.’s vehicle electronics may not be implicated in reports of unintended acceleration of its cars, but, as the world’s biggest automaker, Toyota should take a leading role in ensuring that the growing use of electronics in vehicles doesn’t compromise safety, former U.S. Transportation Secretary Rodney Slater said this week. Toyota asked Slater in … Continue Reading →
In a riveting tale of the U.S. government’s rescue of General Motors and Chrysler Group, presidential adviser Steve Rattner has good things to say about GM’s new CEO Daniel Akerson but regrets that GM’s board appointed him chairman, as well. “Nothing has occurred to change my view that ‘best practices’ in corporate governance means separating … Continue Reading →