In a startling announcement, Ford and Toyota announced this morning that the two companies would jointly develop a rear-wheel-drive hybrid system for rear-wheel-drive light trucks and sport utility vehicles. The system would be roughly competitive with the General Motors Two-Mode Hybrid system now used in Chevrolet, GMC, and Cadillac full-size...
Electric car manufacturer Fisker Automotive is in the process of raising a $200 million funding round that would value the company at $2.2 billion, according to a report by Fortune. It would be the company's third funding round in six months. Fisker Automotive raised $190 million just five months ago to help fund the production of its electric...
We’re just a few weeks away from the 2011 Frankfurt Auto Show, and already know about some of the electric and plug-in cars that are due to be unveiled there. But a report from The Financial Times hints that Volkswagen could be preparing an as-yet undheard of single-seat urban electric car to unveil alongside its fuel-sipping minicar -- the...
Toyota may not have a single electric car available for sale yet, but that isn’t going to stop it from attempting to set a electric car lap record at the 12.93 mile Nordschleife at the Nürburgring in Germany -- in a car it has built for that very purpose. At 9 minutes and 1.338 seconds, the current Nordschleife electric car lap record...
Volkswagen has been teasing us with concept versions of its Up minicar since the Frankfurt Auto Show in 2007, but finally the production version has been revealed and will make its debut at Frankfurt again in September. The Up (which VW spells "up!") is part of Volkswagen's drive towards greater efficiency in the absence of diesel and electric...
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