Airbus will overhaul its A320 jet to offer 15% more fuel efficiency.
Airbus will spend more than 1 billion euros ($1.3 billion) on the “A320neo” project, which will improve efficiency and reduce emissions, Reuters said.
The new plane will have upwa…
Chrysler Group reportedly is planning to build a small car capable of 40 mpg based on a current Fiat design in a bid to boost its corporate fuel economy average.
Continue reading Chrysler Planning to Build a 40…
Penske Automotive Group (PAG), a chain of car dealerships, reached an agreement with Japan’s Nissan Motors (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name.
Penske hopes that adding the Nissan-made car, a four-doo…