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Amped Up! GM to hire 1,000 engineers and researchers for electric cars

General Motors will hire 1,000 engineers and researchers in Michigan for research and development of electric vehicles, CEO Dan Akerson said on Tuesday morning in Detroit. The new hires will work on batteries, electric motors and power-control technology. Akerson made the announcement at the factory that builds the 2011 Chevrolet Volt.

Higher gas prices? Blame ethanol

MarketWatch 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.

British Motor Show Axed

The British Motor Show - Cancelled for 2010, and probably permanently Well, I suppose it’s not really a great surprise, but it’s still sad to see the demise of the British Motor Show. The SMMT (organisers of the British Motor Show) announced this lunchtime that the 2010 show has been cancelled. They stated that this was due to the crisis in the car industry at present and the ongoing world financial crisis.