Electric Powered Cars

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The number of hybrid car sales in North America will double in the next three years, according to a new forecast presented by R.L. Polk & Company, a leading auto industry market research firm. Polk forecasts that more than one in 20 new vehicles sold in the United States and Canada will have a hybrid gas-electric powertrain by 2012. That’s a growth from 2.8 percent in 2008 to 5.3 percent in 2012.

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Original post by admin

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Original post by admin

In his first televised interview since winning the election, President-elect Barack Obama spoke with Steve Kroft of CBS’s 60 Minutes about the potential bailout of the American auto industry. He reminded the American people about the importance of breaking from its dependence to oil—despite the recent and dramatic drop in prices at the pumps.

Kroft: You have a situation right now where you have General Motors, which is in dire straits.

Mr. Obama: Yeah.

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As Congress and President Bush stagger through the final months of their respective terms, the storm clouds looming over Detroit have many screaming for action in what is typically a sleepy season on Capitol Hill. The United Auto Workers’ Union and and a coalition of key Democrats warn that if no action is taken, General Motors could run out of money as soon as January and be forced into bankruptcy—citing figures that as many as 2.5 million jobs could be lost if GM were to go under.

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Original post by zach

In an effort to capture the Prius magic,
Lexus—Toyota’s luxury brand—will unveil a new hybrid-only model at the 2009 Detroit Auto Show in January. A newly published rendering from Japan’s Mag-X magazine provides clues about what it might look like.

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Original post by shamit