Airbus Revamps A320 for 15% More Fuel Efficiency

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…

Nissan Leaf Will Get Equivalent of 99 Miles Per Gallon

Nissan’s (NSANY) Leaf electric car will get the equivalent of 99 miles per gallon, making it the most fuel-efficient midsize car on the road.

The Leaf does not use gasoline, so the EPA created an “mpg-equivalent” rating for its fuel efficiency, CNNMo…

Exxon Mobil Sells $1 Billion of Gulf of Mexico Assets

Exxon Mobil Corp. (XOM) sold nine U.S. Gulf of Mexico oil and natural gas stakes to Energy XXI in a deal worth $1.01 billion.

The assets produce about 20,000 net barrels of oil a day, The Wall Street Journal said. They contain net proved and probable…