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Higher gas prices? Blame ethanol
Fri, 04 Apr 2014MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.
BMW M135i: It’s official
Sun, 13 May 2012BMW M135i BMW has revealed the production version of the M135i from this year’s Geneva Show. Three or five door and 0-62mph in 4.9 seconds. BMW’s M Performance range is a step down from a full blown BMW M, but very appealing nonetheless.
VW to buy Italdesign Giugiaro, sources say
Wed, 19 May 2010Volkswagen AG will buy a controlling stake in Italy's largest design and engineering firm, Italdesign Giugiaro S.p.A., two industry sources confirmed to Automotive News Europe. One of the sources said that an announcement could come as early as next week. Italdesign and VW representatives declined to comment.