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2018 Mitsubishi Outlander PHEV review, Lexus F hybrids, and big oil skepticism of electric cars: Today's Car News

2018 Mitsubishi Outlander PHEV Enlarge PhotoWe review the fuel economy of the 2018 Mitsubishi Outlander PHEV. Big oil refineries voice skepticism over electric cars. Green Car Reports spent time with the Outlander PHEV and found it both practical and efficient as we had a chance to test its fuel economy. Lexus F performance cars may soon feature hybrid power and not just massive V-8 engines under the hood. Oil refineries have expressed skepticism over electric cars, but in a new survey, a majority say they are "somewhat worried" about their impact.

Ringgit marginally higher against US$ on better oil prices - Business News

referring to KUALA LUMPUR: The ringgit was slightly higher against the US dollar early Thursday as the risk appetite of investors improved following the rise in crude oil prices. At 9 am (0100 gmt), the local note was quoted at 4.0550/0600 versus the greenback from Wednesday's close of 4.0570/0610. A dealer said market sentiment also improved following US Federal Reserve Chairman Jerome Powell's assurance of a gradual approach in raising interest rates. "The risk-on sentiment has encouraged investors to invest in riskier assets, such as the stock market, which subsequently strengthened the local currency. "Other than that, higher crude oil prices which saw the benchmark Brent Crude increase to US$72.99 per barrel at 9 am today, also supported the ringgit's performance as Malaysia is a net exporter of oil and gas,' he addedThe ringgit, however, traded lower against a basket of major currencies.

collected by :Frank Ithan