Feds Back Biofuel with Waste-to-Ethanol Plant
While passage of the tax package with benefits to ethanol and biodiesel was upsetting for some, the federal government has been supportive of the biofuel industry. As another example, the Agriculture Dept. has granted a $75 million loan guarantee to two large firms that will jointly develop a plant in Florida to convert waste materials into ethanol.
Ford, Best Buy Partner to Open Doors on Home Charging
In a move to make consumers more at ease with electric cars and charging, Best Buy's Geek Squad will be installing home charging stations for buyers of Ford EVs such as the upcoming Focus Electric. The technology has been made to reduce installation costs and make it viable for more homeowners and those living in apartments and condos.
Fitch Optimistic, Cautious in Auto ABS Market
Fitch Ratings cites strong momentum in the used-vehicle market and is optimistic about near-term impact on auto ABS ratings. At the same time, the company is cautious about medium-term outlook and is monitoring fuel prices.
Luxury Automakers Enjoying Renewed Interest in Diesel
Mercedes-Benz and Audi will double their diesel offerings as consumer demand increases. Even Cher has gotten into the picture, test driving a diesel after rejecting hybrids. Cleaner engines and fuel are helping drive the diesel comeback.
