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Largest oil rig maker reduces workforce

 
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Schlumberger, the world's preeminent oilfield equipment manufacturer, cut 9,000 workers, or about 7 percent of its workforce, as it's slammed by plummeting oil prices.

Oil prices rise after OPEC opines

 
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Oil prices surged Thursday as the Organization of the Petroleum Exporting Countries said it saw slightly stronger global demand for crude this year as well as slower supply growth.

Detroit kicks-off 2015 show schedule

 
Carmagazine.com photo by: Mike Torch
Motown's auto show opened today to the world's media, marking the start of the 2015 auto show circuit, and with gas prices still falling, the event's emphasis on big trucks and fast cars could not be more timely.

Volvo's China-built cars take aim at U.S.

 
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Volvo, the Swedish firm acquired by China's Zhejiang Geely in 2010, plans to export the S60L midsized sedan made in Chengdu to the U.S. this year, said Stefan Elfstroem, a company spokesman.

Used car prices on elevator going up

 
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With new car prices hitting record highs, used cars are following their lead and fetching more because of the higher demand, and in addition sales are up compared to 2014.

Honda slammed with massive fine

 
Carmagazine.com photo by: Mike Torch
Honda agreed to pay a record $70 million fine and submit to stricter oversight for failing to tell the U.S. government about warranty claims and more than 1,700 injuries and deaths linked to potential defects in its cars.

Obama brags about auto comeback

 
Carmagazine.com
It's been 5 years since U.S. taxpayers put GM and Chrysler on life support, and an argument could made that Barack Obama deserved his brag rights in Motown whilst he touted the domestic industry’s recovery.

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