2008 will see new card products emerge in the small business sector as oil companies need to make their fuel cards more attractive to untapped business sectors. Many small businesses want a payment card that is widely accepted as well as offering fuel rebates and management facilities. A new report titled Commercial Credit Cards and the Response of Fuel Card Providers’, states that on this basis, bank-issued cards will become more focused on the provision of fuel management services, forcing oil companies to reconsider their proprietary fuel cards and maximise fuel sales through partnerships with these expert card providers.

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Are you a stressed-out driver, looking for a sign from above more often than not while on the road? Stop. You could turn to your car instead, if it is kitted out with advanced driver assistance systems.

These systems not only give the driver ‘operational level’ advice such as suggesting he/she breaks on an emergency footing when the vehicle in front abruptly decelerates, they also offer ‘tactical level’ advice such as telling the driver when to change lanes depending on traffic congestion ahead. Research has also shown that driver assistance systems can significantly help prevent accidents, which aids car safety in particular as well as road safety in general.

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General Motors Corp. (GM) has announced the opening of a new design studio which will be a dedicated space for their next generation of electric vehicles. The studio contains clay and vinyl models of Volt, which was unveiled earlier this year.

The American automaker describes the Volt on their website as ‘radically different than any on the road today.’ The car has been touted as being able to travel 40 miles without using a single drop of petrol and is a symbol that GM is determined to move towards alternative-fuel vehicles.

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General Motors Corp. reported $39 billion third-quarter losses last week. The news was received with dismay by investors and the company’s shares closed more than six percent lower. Yahoo News! has reported that a senior index analyst for Standard & Poor has said it was the second-worst quarterly net loss in U.S. corporate history, exceeded only by AOL Time Warner’s $44.9 billion loss in the fourth quarter of 2002.

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The U.S automobile industry has seen less eventful times. Apart from Japanese rival firms like Toyota and Honda hotting up the competition by offering the most fuel-efficient cars, one of North America’s largest workers’ unions is bang in the middle of a series of strikes.

The United Auto Workers’ Union has ended a short strike at Chrysler finishing up just seven hours after it began. The latest strike saw very little financial damage to Chrysler as it turned out to be so short even though 32,000 workers took part. The strike came just weeks after the September 24 strike at General Motors (GM) which lasted two days and cost the company $100 million a day.

Continue reading “Two Down, One to Go? Will Ford be the next Auto Manufacturer to be hit by strikes?” »

Hybrid cars have been receiving endorsements from the worlds most glamorous people. But, some say these cars are merely a fashion statement not a sensible environmental alternative.

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