Grant Smith, Bloomberg Published 8:38 am, Friday, April 13, 2018 Photo: Michael Ciaglo, Staff Image 1of/1 CaptionClose Image 1 of 1 A drilling rig and pump jack sit on the Donnell Ranch Tuesday, May 23, 2017 in Tilden, the county seat of McMullen County. ( Michael Ciaglo / Houston Chronicle ) A drilling rig and pump jack sit on the Donnell Ranch Tuesday, May 23, 2017 in Tilden, the county seat of McMullen County. ( Michael Ciaglo / Houston Chronicle ) Photo: Michael Ciaglo, Staff Oil nears biggest weekly gain in nine months 1 / 1 Back to Gallery Oil headed for the biggest weekly advance since July as concern over possible disruption to supply lends weight to signs of a dwindling glut. Futures gained more than 8 percent this week in New York, buoyed by political tensions over Syria as U.S. President Donald … [Read more...] about Oil nears biggest weekly gain in nine months
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Electric Promise Delivered Over 10,000 Miles One year ago, on a rainy Sunday afternoon, I took delivery of my long-awaited all-electric Chevrolet Bolt EV. Twelve months later, it has delivered everything it promised. After testing most of the EVs on the market, I knew I wanted one, but it had to meet my requirements. I needed enough range to drive 170 miles round trip to visit my granddaughters without charging along the way. I also carry musical gear, including an upright bass. I wanted room for at least four passengers and a high-quality sound system, since I commute up to two hours a day. Of all the EVs on the market, only the Bolt qualified. It had the range I needed and wasn’t too expensive. Besides, it was brand new. So, after agonizing over what color to get, I ordered my Bolt on October 11, 2016. At the beginning Almost 10,000 Miles Later In a year, I accumulated just under 10,000 miles and made zero dealer visits. Other than a few minor entertainment system glitches, … [Read more...] about Personal: Twelve Months in MY Chevrolet Bolt
General Motors Co. is ceasing monthly vehicle sales reporting in favor of quarterly releases, breaking an auto industry tradition that has outlasted similar shifts in retailing, technology and other industries. March car and truck sales, to be released Tuesday, will be the automaker’s final monthly report. Its first quarterly U.S. sales report would be issued in July and will be released separately from its quarterly financial reports to investors. “Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market,” Kurt McNeil, GM’s U.S. vice president for sales operations, said in a statement. “Reporting sales quarterly better aligns with our business, and the quality of information will make it easier to see how the business is performing.” GM’s goal is to offer investors, the public and news media a less volatile, longer-term metric to judge the automaker’s … [Read more...] about GM to break tradition by not reporting monthly sales
Intro Like any big purchase, the purchase of a new vehicle can trigger a sense of buyer’s remorse. In a 2017 study, automotive research firm iSeeCars.com discovered that while, on average, just 1.5% of new cars are resold within the first year, popular luxury models from BMW and Mercedes-Benz are given up at much higher rates.To determine which models are being put back on the market most quickly, researchers at iSeeCars.com analyzed more than 24 million new car sales over the past two years. They found that eleven models in particular are reselling at rates two times higher than that of the average vehicle.The immediate takeaway might be to avoid these vehicles altogether; however, a high resale rate doesn’t necessarily indicate a vehicle is a “lemon.” Rather, it is a reflection of the vehicle not meeting consumers’ expectations. And the fact that these almost new cars are being resold less than a year after their initial purchase represents a great … [Read more...] about The 11 cars most frequently sold after just one year
► CAR reviews new BMW i3 REX► We live with i3 Range Extender► 94Ah EV battery range on test Almost exactly one year after it arrived on CAR’s fleet, the slate grey BMW i3 has gone, leaving me with pangs of loss. It didn’t set my trousers on fire dynamically, nor can I fondly recall individual drives, but the i3 fostered a new type of connection.It’s the modernism at the heart of the i3 where the magic happens. When you open the pillarless doors and sink into the minimalist cabin you feel good – it’s decluttered, and roomy with that lack of central transmission tunnel. Optional £780 twin sunroofs bathe the recycled dashboard in daylight, while the suicide rear doors draw more interest than ire (the fronts must be open before the rears).We regularly carried four passengers – this is a roomy car for something less than four metres long. A practical small electric car? Nearly. There’s no fifth … [Read more...] about A year-long test of a BMW i3 Range Extender: what did we learn?