Citi fund buying Spanish highways for $10 billion (at MarketWatch)
A Citigroup infrastructure fund is bidding 7.9 billion euros to buy a Spanish highway operating firm, the firms say on Monday.
OPEC Chief: Cartel May Decide ‘Major’ Output Cut
OPEC will decide on a “major” output cut next month if the oil market is deemed to be deteriorating, the cartel’s secretary general Abdalla Salem El-Badri said.
GMC Yukon hybrid featured in Macy Parade
Filed under: Green Culture, Hybrid, GM, GMC, Green Daily, USA
General Motors is the Official Vehicle Supplier for the Macy Thanksgiving Day Parade. There, now you’ve learned your requisite something new for the day. This year, The General decided to trot out hybrid versions of the full-size GMC Yukon to pull various parade floats and giant balloon-things. Oddly, GM did absolutely nothing to advertise the fact that it would be having the hybrid ‘utes take place in the event, leaving various other media outlets to find out about it themselves. No matter. Find out they have, and now that the event is over, the news has hit the wires.
We are also left wondering if Macys did any promotion of the event, considering that the large clothing retailer has recently begun touting its own green efforts. If it did, we must have missed it. Whatever the case, slow city running is the perfect place to use a hybrid vehicle such as this. GM’s full-size hybrids are fully capable of towing large loads, and something had to pull the huge number of parade floats for the 82nd installation of the classic Manhattan parade, right? May as well be a hybrid.
[Source: Star-Telegram]
GMC Yukon hybrid featured in Macy Parade originally appeared on AutoblogGreen on Sun, 30 Nov 2008 10:42:00 EST. Please see our terms for use of feeds.
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Sacyr Vallehermoso in $10B deal with Citigroup (AP)
Spanish construction company Sacyr Vallehermoso said Monday it has agreed to sell its highway-operating unit, Itinere, to Citigroup Inc. in a deal valued at nearly euro7.9 billion .
OPEC to slash December output: secretary general
The Organisation of Petroleum Exporting Countries (OPEC) will cut its December production by a “good amount,” its secretary general Abdalla Salem El-Badri said.
Kuwait Revalued JV With Dow Chemicals Down By $4B
Kuwait has revalued a $20 billion joint venture with Dow Chemical down to $16 billion. KPC has sent a delegation to the United States to renegotiate the deal, now expected to come in at around $16 billion
SICO: Petrochemicals Round Up (30-Nov-08)
This is a PDF report.
Motown to Washington caravan a bust
Filed under: Green Culture, Chrysler, Ford, GM, Legislation and Policy, Green Daily, USA
The plan to drive a slew of Detroit’s best new cars from the Motor City to Washington, DC is over before it even got started. Amazingly, there was just too much support for the idea, which led to a complete lack of control over the event and leading to its cancellation. It’s just as well, really. While it would have been an awesome display of support for the ailing Detroit 3, the notion of packing Washington’s already busy streets with a few hundred more vehicles, not to mention their occupants, would have been a complete nightmare. Even worse, the plan was to show how fuel efficient vehicles from America can be, but the proposal would have equaled the burning of hundreds of gallons of gasoline, which doesn’t exactly strike us as particularly green.
The event’s organizers, made up of suppliers, dealerships and Union officials, have instead started a new website called TheEngineOfDemocracy.com. At the site, individuals will be able to show their support for Detroit’s automakers in a peaceful and hopefully meaningful way. One delegate from each of the 50 states plus one from DC will make the trek to show their support in person.
[Source: The Detroit News]
Motown to Washington caravan a bust originally appeared on AutoblogGreen on Sat, 29 Nov 2008 19:53:00 EST. Please see our terms for use of feeds.
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Tundra 5.7L V8 gets flex-fuel option for ‘09
Filed under: Ethanol, Flex-Fuel, Toyota, USA
Toyota has announced updated pricing information for the 2009 Tundra full-size truck, along with a few new options that weren’t available before. Chief among these new features is flex-fuel capability on the largest, most powerful 5.7L engine option. Toyota has been planning on adding this capability since the new Tundra was introduced, which makes sense considering that all of its major competitors offer the ability to run on ethanol mixtures higher than 10 percent. The Japanese automaker will specifically be focusing in on the Midwestern states where E85 is more common, and will in fact be made standard on four-wheel drive models in certain areas. There will be no price increase on models equipped with the ethanol capability, which is good since the 2009 Tundra can top out at well over $40K. Prices have risen only modestly across the line - just an average of four percent, or $109 per truck for the new year.
[Source: Carscoop]
Tundra 5.7L V8 gets flex-fuel option for ‘09 originally appeared on AutoblogGreen on Sat, 29 Nov 2008 13:05:00 EST. Please see our terms for use of feeds.
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Iran says oil market oversupplied by two million bpd
Crude producer Iran said on Sunday that the world oil market is oversupplied by two million barrels a day after OPEC decided to leave its oil output quota unchanged amid falling prices.