Increasing fuel economy would boost US auto profits, study says
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Ford Motor Co. , General Motors Corp. , and DaimlerChrysler AG's Chrysler unit can boost annual profit by as much as a combined $2 billion by raising the fuel economy of their vehicles, according to a study released yesterday.
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Mazda Motor Corp.  posted a 7.5 percent rise in quarterly profit powered by a favourable slide in the yen and increased exports to North America and Europe, and lifted its forecasts for record annual operating profit.
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European carmakers sporting their latest models at the North American International Auto Show are hoping to maintain a healthy share of the coveted US market, despite a discouraging 2008 economic forecast.
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Ford has raised its third-quarter and 2004 profit forecasts because of strength in its financial services business and cost improvements in its car operations.
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Congress by a wide margin approved the first increase in automobile fuel economy in 32 years Tuesday, and President Bush plans to quickly sign the legislation, accepting the mandates on the auto industry.
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An engine accessory coming out next month claims to increase fuel efficiency and reduce emissions by 85 percent. In Autopia.
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Average retail gasoline prices rose by  nearly 5 cents and are poised to rise further as those who  make, distribute and sell gasoline see their profit margins  squeezed, according to an industry analyst.
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General Motors Corp  said on Thursday it sees significantly improved operating earnings and cash flow in the next two to three years, but expects high fuel prices and declining consumer confidence to be a drag on U.S. sales this year.
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By H. JOSEF HEBERT WASHINGTON - As motorists face near record gasoline prices, the Senate took up an energy bill Tuesday that would raise auto fuel economy standards for the first time in nearly 20 years and make oil industry price gouging a federal crime.
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Higher U.S. gasoline prices may slim more than just wallets, according to a new study from Washington University in St. Louis.
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Although General Motors said that its hybrid buses would show a fuel economy improvement of up to 60 percent, the savings around the country appear closer to 10 percent to 20 percent.
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Automaker sees greater participation as the way to boost light truck sales in the fast-growing market.
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U.S automakers face a widening gap in profitability per vehicle compared to their major Japanese rivals because of missed design opportunities, heavy discounting and high labor costs, a study released on Monday said.
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The Senate voted Thursday to require average fuel economy of 35 miles per gallon for new cars, pickup trucks and SUVs by 2020, raising efficiency standards that have not changed significantly for nearly two decades.
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By H. JOSEF HEBERT and KEN THOMAS WASHINGTON - The Senate voted Thursday to increase fuel economy standards to 35 miles per gallon for cars and SUVs, the first significant boost demanded of automakers in nearly 20 years.
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Despite losing sales to Japanese car companies, auto manufacturers, particularly U.S.-based manufacturers, have been slow to respond consumer demands for better fuel economy, according to a report released Tuesday by the Consumer Federation of America.
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The U.S. Senate approved legislation on Thursday that would for the first time in 30 years force automakers to produce vehicles that get sharply higher fuel mileage.