General Motors officials announced Nov. 25 that Koenigsegg Group AB decided to terminate a proposed deal to acquire Sweden-based automaker Saab.

Renault–Nissan Alliance officials announced Nov. 24 the signing of yet another “partnership” memo of understanding deal to expand electric car infrastructure with the local government of Guangzhou and local automaker and Dongfeng Motor Co.

Daimler, Kamaz Launch Truck JVs in Russia

CEOs of the five refineries operating in Pakistan have expressed their concerns to the government about impending financial collapse. With no funds to secure feedstocks, they are calling on government to clear the issue of circular debt that threatens their business.

Oil futures lost ground Nov. 24. West Texas Intermediate fell by US$1.41 settling at US $76.15 per barrel (/bbl). Following suit, Brent crude fell by $1 to close at $76.46/bbl. RBOB gasoline lost 4¢ to close at $1.94 per gallon. The Organization of Petroleum Exporting Countries’ basket price was up by 95¢, closing at $76.73/bbl.

The California Air Resources Board (CARB) released a preliminary draft version of California's greenhouse gas cap-and-trade regulation Nov. 24.

U.S. Department of Energy (DOE) Secretary Steven Chu announced Nov. 24 that the DOE has awarded US$620 million for projects around the country to demonstrate advanced smart grid technologies and integrated systems that will help build a smarter, more efficient and more resilient electrical grid.

Consumer Federation of America officials on Nov. 24 released a new survey showing that, despite lower gasoline prices, an overwhelming majority of U.S. consumers (78%) still support higher vehicle fuel economy standards.

Leaders of Canada’s well-known “green group,” the David Suzuki Foundation, are challenging a hydrogen fuel-cell transit bus scheme in metro Vancouver, British Columbia.