Fuel/Emissions
Oil prices dip slightly as refineries escape hard blow from Rita
NEW YORK -- Despite all the doom and gloom predictions of 50 percent higher fuel costs in the wake of Hurricane Rita, crude oil and gasoline prices have fallen slightly as Texas refineries report minimal damage caused by the category 3 storm.
ArvinMeritor sells emissions systems unit to focus on core markets
TROY, Mich. -- Just a few months after boosting its marketshare in the commercial vehicle emissions solutions industry, ArvinMeritor has signed a definitive agreement to sell its Emissions Technologies business group to New York-based equity investment firm One Equity Partners (OEP) for about $310 million.
SPECIAL REPORT: Volvo’s Ready for Future Fuels
BRUSSELS, Belgium -- Volvo is ready to build and sell, at 24 months' notice, diesel-engined trucks that run on any of seven different renewable liquid and gaseous fuels that won't produce a net gain of harmful carbon dioxide in the atmosphere after being manufactured, distributed, and burned.