Word: dieselized
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...next time you complain about the high price of gas, think of Mr. Ma. The owner of small logistics firm in Beijing, Ma was forced to shut it down temporarily earlier this week after he simply couldn't find enough diesel to fuel his company's 20 trucks. "Gas stations even serving diesel have been difficult to come across," says Ma, who didn't wish to give his first name. "I'm losing 100,000 renminbi...
...effort to ease the pressure, China's economic planner, the National Development and Reform Commission, on Wednesday announced an almost 10% increase in domestic gasoline and diesel prices, calling the move an "urgent step" needed to tamp down demand and encourage refiners to ramp up production. The price hike is likely to alleviate the shortages - that is, until the next increase in global crude prices, says Gordon Kwan, a Hong Kong-based oil and gas analyst for CLSA Ltd. "When retail prices [in China] are nearly a third lower than in the rest of the world, why would producers want...
...says, which could limit their appeal in foreign markets. But Manley says Chrysler began addressing that problem in 2003, when it started taking international needs into account. It's tripling the number of cars available with right-hand drive, for instance, and quadrupling to 16 the number with a diesel engine option. It also launched its Dodge brand overseas for the first time last year with the introduction of the compact Caliber. This summer, two other Dodge models debuted worldwide: the Avenger, a midsize sedan; and the Nitro, a midsize...
...Size of Diesel's new Milan megastore...
Those concerns are weighing heavily on UAW members, who are very much aware that VEBAs at Caterpillar and Detroit Diesel have gone bankrupt. Three former UAW executive board members recently signed a letter criticizing the VEBA plan as "knowingly placing members at risk." The other option, though, is losing retiree health benefits entirely. "If you don't go along with a VEBA, the automakers may reach a point where the only alternative is to file Chapter 11," says Eric Merkle of IRN Automotive Intelligence. "The UAW has to take on more of the risk...