About Fuel News...
Business, Technology, Fuel

Stellantis CEO Vows to Accelerate Carmaker’s Electric Shift

Stellantis CEO Carlos Tavares is seen during a news conference in France in February 2020. (Marlene Awaad/Bloomberg News) Stellantis CEO Carlos Tavares is seen during a news conference in France in February 2020. (Marlene Awaad/Bloomberg News)

Stellantis NV CEO Carlos Tavares pledged to speed up the company’s electric shift, vowing that cars with a battery will account for more than a third of its European sales by mid-decade.

Tara Patel | Bloomberg News
April 15, 2021
Government, Business, Safety, Fuel

Key Congressional Republican Calls for Bipartisan Highway Bill

Capito Sen. Shelley Moore Capito. (Sarah Silbiger/Bloomberg News)

As federal policymakers prepare to consider comprehensive highway policy legislation in the coming weeks, the top Republican on the U.S. Senate transportation committee reiterated calls for bipartisanship.

Eugene Mulero | Senior Reporter
April 15, 2021
Business, Technology, Fuel, Autonomous

Audi Takes On Tesla’s Model Y With Entry-Priced Electric SUV

Audi Q4 e-tron concept The Audi Q4 e-tron concept SUV is unveiled at the Geneva International Motor Show on March 5, 2019. (Stefan Wermuth/Bloomberg)

Audi’s new Q4 e-tron will go head-to-head with Tesla Inc. in the fast-growing market of compact crossover SUVs to help parent Volkswagen AG narrow its electric-car sales gap with the world leader.

Christoph Rauwald | Bloomberg News
April 14, 2021
Business, Technology, Fuel

Skyrocketing Metal Prices Threaten to Hinder EV Affordability

processed lithium An employee holds processed lithium at a Talison Lithium Ltd. facility in Greenbushes, Australia. (Carla Gottgens/Bloomberg)

A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption.

Annie Lee | Bloomberg News
April 14, 2021
Business, Technology, Equipment, Fuel

MVTS Finds FlowBelow Technologies Bring Significant Fuel Savings

FlowBelow Tractor Aerokit Mesilla Valley Transportation Solutions realized fuel savings of 3.16 gallons per 1,000 miles, or 2.13%, testing the Tractor AeroKit. (FlowBelow Aero Inc.)

Mesilla Valley Transportation Solutions tested FlowBelow Aero Inc.’s tractor and trailer wheel covers for the first time as well as the Tractor AeroKit, and found that each technology provided significant fuel savings.

Roger Gilroy | Senior Reporter
April 13, 2021
Business, Fuel

Permian Oil Nears Levels Not Seen Since Pandemic Start

Pumpjack in Oklahoma A pumpjack operates on an oil well in the Permian Basin near Orla, Texas. (Daniel Acker/Bloomberg)

The Permian Basin, the most prolific shale patch in the U.S., will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up.

Sheela Tobben | Bloomberg News
April 13, 2021
Government, Fuel

Diesel Sheds 1.5¢ to $3.129 a Gallon

Truck driver fueling his rig A truck driver fills his rig at a Pilot Travel Center in Princeton, Ill. Trucking's main fuel has dropped 6.5 cents the past three weeks. (Daniel Acker/Bloomberg News)

The national average price of a gallon of diesel slipped 1.5 cents to $3.129, according to Energy Information Administration data released April 12.

April 12, 2021
Business, Technology, Fuel, Autonomous

Huawei to Invest $1 Billion on Car Tech It Says Surpasses Tesla

Huawei HiCar Attendees try Huawei's HiCar system on a BYD Co. Han electric vehicle at the MWC Shanghai exhibition in Shanghai, China, on Feb. 23. (Qilai Shen/Bloomberg)

Huawei Technologies Co. will invest $1 billion on researching self-driving and electric-car technologies, accelerating plans to compete with Tesla Inc. and Xiaomi Corp. in the world’s biggest vehicle arena.

April 12, 2021
Government, Business, Technology, Fuel, Autonomous

Biden Sees ‘Win’ for US in Electric Vehicle Battery Deal

LG logo Lee Jin-man/AP

WASHINGTON — Two big South Korean electric vehicle battery makers have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries in Georgia. President Joe Biden called it “a win for American workers and the American auto industry.”

Matthew Daly and Tom Krisher | Associated Press
April 12, 2021
Business, Technology, Fuel

Lion Electric Appoints First Chief Legal Officer

Truck maker Lion Electric announced it appointed François Duquette chief legal officer, a newly created role.

April 9, 2021