A decade ago, large investors in so-called clean technology had a straightforward goal: finance companies that would help eliminate the world's dependence on oil, natural gas and coal. But as profits from wind, solar, biofuels and other alternatives consistently fell short of expectations — and as the fossil fuel business boomed — things got complicated.
Electric car maker CODA Holdings Inc. filed for bankruptcy protection Wednesday after selling just 100 cars and said it plans to quit the auto business altogether. The Los Angeles-based parent of CODA Automotive filed for bankruptcy protection in federal court in Delaware. A consortium of debtors plans to acquire CODA for $25 million, according to a company statement.
When we drive, we get into a glass bubble, lock the doors and press the accelerator, relying on our eyes to guide us -- even though we can only see the few cars ahead of and behind us. But what if cars could share data with each other about their position and velocity, and use predictive models to calculate the safest routes for everyone on the road? Jennifer Healey imagines a world without accidents.
Scientists at Germany's Fraunhofer Institute in Stuttgart have unveiled a third generation robot prototype, designed to assist the elderly in their homes. The 'Care-o-bot 3' is equipped to detect, grasp and carry ordinary household objects on command, and bring a measure of independence to the aged and infirm.
The U.S. economy has been expanding wildly for two centuries. Are we witnessing the end of growth? Economist Robert Gordon lays out 4 reasons U.S. growth may be slowing, detailing factors like epidemic debt and growing inequality, which could move the U.S. into a period of stasis we can't innovate our way out of. Be sure to watch the opposing viewpoint from Erik Brynjolfsson.
As machines take on more jobs, many find themselves out of work or with raises indefinitely postponed. Is this the end of growth? No, says Erik Brynjolfsson -- it’s simply the growing pains of a radically reorganized economy. A riveting case for why big innovations are ahead of us … if we think of computers as our teammates. Be sure to watch the opposing viewpoint from Robert Gordon.
Shelby America just unveiled its new Shelby Raptor pickup truck and CNN Money senior editor Peter Valdes-Dapena took the new truck out for a spin at Monticello Motor Club, which offers both a performance track and an off-road course. The 575-hp Shelby Raptor has monster performance and rugged off-road capability, making it a pick-up truck for the not-so-faint-of-heart.
General Motors said Friday that a base model of the 2014 Corvette Stingray will start at just under $52,000. Considering everything that GM put into the newest Corvette, the $1,400 price increase over the current model seems pretty modest. The 2014 Corvette goes on sale this summer. The latest version was completely redone, and shares only two parts with the current model, which is nine years old.
The story of Silicon Valley Silicon Alley is a tale of two digital cities competing for national dominance. Google's Jared Cohen and New York City's Chief Digital Officer Rachel Hunt join the NOW panel to talk about the age of American innovation.
Perhaps one of the most significant contributions the Internet has made to our daily lives is the ability to find the rock-bottom price for just about anything we need to purchase easily. With a quick search on the right keywords, we can find exactly what we’re looking for and save a lot of money to boot. Or so it would seem. The truth is that strategy works for some items but not others.
The Solar Impulse, a solar power plane, is being prepped to fly across America - and right into aviation history. "Miracle on the Hudson" pilot Chesley "Sully" Sullenberger met with CBS's John Blackstone to watch the takeoff, and discusses the importance of the flight.
Fancy a spin in a shiny, new Horki? Want to test drive a Ranz? These are just a couple of made-for-China brands global automakers have cooked up to comply with the government's policies. A bevy of new brands from the likes of Toyota and BMW will join China's already crowded car market in 2013, thanks to policies designed to help local automakers. But are they doing the opposite?
Mobile devices are necessary tools to increase the efficiency and productivity of workers across many industries and markets, including the warehouse. But wearable, voice-directed and multimodal mobile technologies are helping to transform the warehouse environment at an even faster pace than standard mobile tools in other markets.
Manufacturing floors don’t have Lego stations and pool tables – and yes, OSHA may take issue with throwing empty cans from the mini bar into the same bin as the scrap metal from the lathe, but that doesn’t mean that the industry has any fewer engineers flocking to it.
Now the top pick among careful parents and germaphobes alike, Purell's market success wasn't always so obvious. After a decade of rising sales and steady marketing, the anti-bacterial hand sanitizer has become wildly successful, surpassing analyst predictions on its way to the top.
Shares of Apple Inc. fell below $400 for the first time in a year and half on Wednesday, after a supplier hinted at a slowdown in iPhone and iPad production. The stock was down $21.89, or 5.1 percent, at $404.35 in early afternoon trading. Earlier in the day, it hit $398.11, the lowest level since Dec. 2011.
Toyota's global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism. The Japanese automaker, which said Wednesday it had sold 5.125 million hybrid vehicles as of the end of March, started selling the Prius, the world's first mass produced hybrid passenger car, in 1997.
Taiwanese companies have long viewed tech giant Samsung as a major threat and the battle has recently appeared to tilt in favor of the South Korean rival as Taiwan's smartphone, memory chip and display panel makers suffered sagging exports.
Maybe, in comparing the benefits of working on a plant floor against the benefits of working at Facebook, engineers chose the latter. Because let’s face it — OSHA wouldn’t be too happy to see a ping pong table alongside the stamping machine.
The maker of the BlackBerry said Friday that it wants U.S. and Canadian regulators to investigate a "false and misleading" report by a financial analyst that claims the company's new smartphone is being returned in unusually high numbers.
The state of Alabama has joined an alliance of Southern states working to bolster the region's effort to develop technology in the automotive manufacturing industry. The state has joined the Automotive Accelerator Alliance, which already includes Tennessee, South Carolina, Georgia and Mississippi.
UConn and Pratt & Whitney have created one of the most advanced additive manufacturing laboratories in the country. The new Pratt & Whitney Additive Manufacturing Innovation Center at UConn will serve as an important resource for training the next generation of engineers and designers.
Yes, there’s a place for mobile in manufacturing. Seven, actually. Today’s mobile solutions can help your business run more profitably and predictably, by putting the right tools and information right where they’re needed. Load tablets with videos, manuals and instructions to deliver the training and education employees need, where they need it most — on the floor.
A group of companies led by Microsoft have called on European authorities to launch an antitrust investigation into Google and its hold over mobile internet usage on smartphones. The "FairSearch" initiative claims Google is acting unfairly by giving away its Android operating system to mobile device companies on the condition that the U.S. online giant's own software applications are prominently displayed.
Fisker Automotive, a maker of luxury plug-in cars seeking investors to fund operations, said it's firing about 80 percent of its workforce after failing to secure a deal with an automotive partner. Cory Johnson reports on Bloomberg Television's "Bloomberg West.