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Ford Reports $5.8 Billion Third-Quarter Loss
Ford Motor Co. reported a $5.8 billion or $3.08 per-share third-quarter loss Monday, its largest loss in more than 13 years.
October 23, 2006Technology Briefs — October 23 - October 30
SmarTire Files Patent Application for Pressure Monitoring System • InCab University Adds Instructional Technologies’ Driver Safety Program to Offerings • Datatrac Corp. Partners With Psion Teklogix
October 23, 2006Gasoline Drops to $2.20 a Gallon, Lundberg Says
Gasoline prices fell 8 cents in the past two weeks to $2.20 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
October 23, 2006Court Rejects California Rule Requiring Engine ‘Reflash’
California’s Superior Court last week overturned a state regulation that required all trucks with 1993 to 1998 model-year engines operating in the state to be reprogrammed to include more stringent emission controls.
October 23, 2006Mack to Lay Off 450 at Pennsylvania Plant
Mack Trucks will lay off about 450 workers at its Macungie, Pa., truck assembly plant, the manufacturer announced Friday.
October 20, 2006Private Equity Groups Gain 5.26% Stake in Volvo
Private equity groups Cevian Capital AB and Parvus Asset Management have formed a joint venture company to hold their separate stakes in Swedish truck maker Volvo AB, Bloomberg reported Friday.
October 20, 2006Letters to the Editor: Hot Fuel, Identity Theft, 2007 Cat Engines, 68 MPH Limit
In my studies of fuel measurement and dispensing, I found that the thermal coefficient of expansion of fuel is about 0.5% per 10 degrees Fahrenheit. Thus, a gallon of fuel dispensed at 80 degrees will weigh approximately 1% less than a gallon dispensed at 60 degrees and therefore provide about 1% less chemical energy to the engine.
October 20, 2006Oil Falls to New Low for Year on Doubts OPEC Will Make Cut
Crude oil futures on Friday fell to a new low for the year, closing below $57 a barrel on the New York Mercantile Exchange among doubts that the Organization of Petroleum Exporting Countries would follow through with promised production cuts, Bloomberg reported.
October 20, 2006Caterpillar’s 3Q Profit Rises; Stock Plunges After Lowered Outlook
Diesel engine and heavy-equipment manufacturer Caterpillar Inc. reported its third-quarter profit rose but cut its sales forecast for next year, causing the biggest drop in its stock price in 19 years, Bloomberg reported Friday.
October 20, 2006ATA Seeks Federal Requirements for Speed Limiters
American Trucking Associations on Friday petitioned the National Highway Traffic Safety Administration to require that all new heavy-duty trucks be built with speed limit-ers that allow the vehicles to travel no faster than 68 miles-per-hour.
October 20, 2006