OPEC’s Secretary General, Abdulla al-Badri made a predication that oil prices will start increasing towards $200 per barrel. However, he did not make an estimation of the timeline for the increase in oil prices. Currently, the prices stand at $45 to %55 per barrel and this represents the bottom rock. As a result of the […]

The reputation of Volkswagen has been compromised in the last few months. As an attempt to redeem itself, the automaker has announced its plan to produce electric vehicles by the year 2020 in North America. The newly appointed Volkswagen AG’s U.S. head of operations, Hinrich Woebcken officially confirmed that the automaker’s Chattanooga, Tennessee-based plant, as […]

Although the prices of gas are low, car manufacturers are still introducing new hybrid and electric vehicles. The interest in fuel efficient and alternative energy cars is high. Automakers such as Volkswagen, Hyundai, Toyota, and Tesla have intensified the development of cars that pollute less and utilize less fossil fuel. Fuel efficiency is one of […]