Italian industrial production unexpectedly fell in March as output from the transportation industry dropped after the government phased out subsidies for the purchase of new cars.
As more environmentally conscious Americans do their bit to help clear the air by paying up for an eco-friendly Prius or a sporty Tesla, a damaging form of polluted rain is falling in China.
United Parcel Service Inc., the world’s biggest package shipping company, said its forecast for profit this year would be at the low end of its projection as harsh winter weather forced costs higher.
Avianca Holdings SA, Colombia’s biggest airline, gained the most in three months after Grupo BTG Pactual named the stock as one if its top picks in the transportation industry.
The safety record of Tesla isn’t so bad compared to other new forms of transportation. Shareholders should be more concerned by plans to trim subsidies for electric vehicles.