Biden to Slash U.S. Fossil Fuel Emissions 52 Percent by 2030


Today President Joe Biden committed to cutting U.S. fossil fuel emissions up to 52 percent by 2030. His statement came during a virtual climate change summit with 40 world leaders.

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Infiniti QX80 Goes Glamping in Russia

Infiniti’s wanderlust has taken the QX80 to other faraway locations, but none quite as exotic as Privolzhskoe, Tver Oblast, Russia, to go glamping in Villi Ulei’s geodesic domes.

In what’s termed a comfort zone for climatic conditions in Russia, temperatures range from 9-degrees Fahrenheit in the winter, to a high of 66-degrees in the summer. As you can see, snowfall is abundant in the region, from a low of about 16 inches, to almost 32 inches, and it spans anywhere from four to five months of the year. Home to 1.35 million Russians, 30% of whom are Russian Orthodox, it might seem like a great place to go if it were summer at the Boishoe Zavidovo, when Nashestvie, the largest Russian rock festival, is being held.

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Russia Eyes Factory In-car Breathalyzers

That shiny new Lada you’ve always wanted might one day come with an unexpected bit of equipment: an ignition interlock set free by non-boozy breath.

That’s what Russia’s industry ministry would like to see installed in cars before they even leave the factory, but reaching this goal — like trying to put on a pair of tight-fitting shoes after polishing off a 26er of Stolichnaya — will likely prove a challenge.

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Your Opinion Is Now Worth More Than a Barrel of Oil

While OPEC member states and other oil-producing counties have signed a pact to stem the flow of crude by 10 million barrels a day and hopefully rein in the current price-crashing glut, the situation remains bleak for oil producers around the world. On Monday, May futures for West Texas Intermediate (WTI) dropped to the floor, with prices hitting $5 per barrel.

That number shifted into the negative* as the above paragraph was being written. We’re guessing that’s because the end of the May contract forces physical receipts at a time when storage capacities are basically nonexistent. June WTI prices are still riding just below $23 per barrel.

Meanwhile, Brent Crude is hovering around $26 bbl as the OPEC Basket hangs onto $17.73 bbl on a 4-day delay. The assumption is that both will come down, though perhaps not as dramatically as WTI did.

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Global Oil Producers to Hold Emergency Meetings This Week

The world’s largest oil producers are meeting this week for negotiations aimed at saving the energy sector a lot of hardship further down the road. That includes the Organization of the Petroleum Exporting Countries (OPEC), which has been at odds with itself more than usual of late. Hampered by dwindling demand, member countries are suffering and aren’t sure what’s to be done about last month’s price plunge and surplus of crude.

During the cartel’s last meeting, Russia declined to collaborate with OPEC’s planned production cuts. This sent Saudi Arabia into a furious tizzy; it quickly attempted to flood the market with bargain oil in an attempt to drive out lesser players. Like everything else, this was further complicated by the global pandemic. The coronavirus has suppressed oil use to a point where suppliers are growing concerned about storage capacity running out.

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OPEC Infighting and Coronavirus Adds Up to Affordable Gas

With the coronavirus keeping people indoors and shale drilling keeping U.S. oil prices relatively stable, you’ve probably noticed gasoline bills being quite reasonable of late. Well, don’t get used to the sums you’re paying now, as analysts project fuel prices will drop even lower as 2020 progresses. While you might think this is due to national quarantines and lessened demand, you’d only be half right.

Last week, the Organization of the Petroleum Exporting Countries (OPEC) failed to strike a deal that would have enacted production cuts to better stabilize the market. Instead of slashing output, Saudi Arabia started slashing prices as it sought ways to ramp up production. Russia immediately responded by promising to increase its own output, leading to what looks like an all-out price war.

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After Ditching Production, GM Readies Russian Cadillac Surge

General Motors has no interest in continuing a production presence in the Motherland, but that doesn’t mean it doesn’t see the Russian market as ripe for new product.

As sales fall in the tricky market, the automaker believes the new Cadillac Escalade, joined by a trio of crossovers, is just the thing to reclaim lost ground.

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GM Leaves Russia, Bought Out by AvtoVAZ

Russia’s largest automotive manufacturer, AvtoVAZ, announced Monday that it plans to buy General Motors out of its regional joint venture. The duo previously assembled Chevrolet-branded automobiles for the local market; however, GM lost interest after the market took a turn for the worse.

While sanctions from Western nations and falling oil prices upended Russia’s economy a few years ago, it was already headed for hard times. Wages have stagnated and average citizens no longer possess the same level of buying power they held a decade earlier. The Russian Economic Development Ministry predicts just a 1-2 percent growth rate up to 2030 and leadership doesn’t seem terribly interested in improving the situation for the citizenry, deciding instead to raise taxes on just about everything. GM was probably right to get out.

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Rare Rides: A GAZ-21 Volga - Russian Decadence From 1967

With an unusual combination of Fifties American car styling and Sixties Russian build quality, today’s GAZ-21 has everything the discerning Communist motorist needs.

Let’s talk Volga.

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Restless in Russia: Ford to Cull Plants, Slash Jobs, in Search for Profit

Ford’s troubled Russian joint venture isn’t doing nearly as hot as the Blue Oval automaker would like, so it’s severely paring back its presence in the country.

The memorandum of understanding signed Wednesday kicks off a broad restructuring of the automaker’s business in Russia, with two vehicle assembly plants and an engine plant now slated to close. Ford passenger car assembly will soon be a thing of the past in the Motherland as Ford’s partner, Sollers PJSC, takes a majority stake in the venture.

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Report: Cost-conscious Ford to Slash Russian Operations

The Blue Oval brand stands to seriously pare back its Russian presence, a new report claims, with two of the automaker’s three assembly plants rumored to close. Ford entered into a joint venture in the country in 2011, partnering with Russia’s Sollers. The two recently reached a new agreement, Sollers claims, but details remain scarce.

One person with knowledge of the pact claims Ford will cut its passenger car operations, leaving only its commercial vehicle business. More market share for the resurgent Lada, it seems.

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2019 BMW 7 Series Partially Revealed Via Russian Leak

A Russian BMW fan seems to have leaked the new face of the 2019 7 Series on social media over the weekend. While we’d advise any news involving Russia be taken with a grain of salt, it certainly looks like this could be documentation of the sedan’s upcoming facelift. Take special note of the front lip and how closely it matches the 2014 BMW Vision Future Luxury Concept and the brand’s current design language.

BMW has been holding clandestine previews of the updated 7 Series for months, giving credence to the leak. However, the subpar quality of the image and swift disappearance of the Instagram link that published it (before it was picked up by BMW Blog) makes things feel slightly fishy. Still, the original poster appears to be an avid BMW fan/owner/automotive blogger and theoretically could have been to invited to one of BMW’s secret pre-screenings. Though perhaps not next time, considering the probable leak.

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Russians Find the Ford EcoSport Overpriced: Report

Russia, a large country covered mostly in taiga forest and tundra, still loves the Lada 4×4 (née Niva) four decades after its launch, but Ford’s EcoSport isn’t getting the same kind of affection four years after its launch.

Ford’s EcoSport, which burst onto the North American subcompact crossover scene at the beginning of the year, began production at a joint facility in Russia in 2014 but, as that country’s car buying climbs in the wake of a recession, buyers aren’t springing for the EcoSport like they once were. Ford’s throttling back production while claiming regular downtime. Critics blame the model’s price, as well as its diminutive size.

Surely no such critics exist on this side of the Atlantic.

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Red Star for Effort: Gunmaker-built Russian EV Earns Top Marx For Retro Done Right

You don’t have to be from a former Eastern Bloc country to feel strange pangs of desire for this Russian one-off. Built by Kalashnikov — yes, that Kalashnikov — the CV-1 concept car features an old body concealing an advanced electric powertrain.

The maker of the AK-47, AK-74, and various other automatic small arms apparently wants to stamp out Tesla’s decadent invasion of the Motherland’s fledgling EV market.

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Lada: Financial Learnings of Avtovaz for Make Benefit Glorious Nation of Russia

U.S. light vehicle sales sunk slightly in 2017 after years of increases, and this year’s not looking any different. In Russia, however, it’s the opposite situation. After making like the Germans at Stalingrad for the past three years, the Russian car market is now advancing like a T-34 tank — and it has the country’s most famous car brand to thank for it.

Leading the pack is none other than Lada, a company known for cranking out archaic, seemingly indestructible Iron Curtain cars for decades with only minimal changes. That was then, though, and this is now. Spurred by a rebounding economy, sales of new Lada models helped Renault-owned parent company Avtovaz drastically cut its losses in 2017.

Lada’s top brass can give credit to a very Western product strategy.

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  • Lorenzo The original 4-Runner, by its very name, promised something different in the future. What happened?
  • Lorenzo At my age, excitement is dangerous. one thing to note: the older models being displayed are more stylish than their current versions, and the old Subaru Forester looks more utilitarian than the current version. I thought the annual model change was dead.
  • Lorenzo Well, it was never an off-roader, much less a military vehicle, so let the people with too much money play make believe.
  • EBFlex The best gift would have been a huge bonfire of all the fak mustangs in inventory and shutting down the factory that makes them.Heck, nobody would even have to risk life and limb starting the fire, just park em close together and wait for the super environmentally friendly EV fire to commence.
  • Varezhka Of all the countries to complain about WTO rules violation, especially that related to battery business…