BUSINESS
July 27, 2007 | Associated Press
WEISSACH, Germany -- Porsche AG's first hybrid vehicle will be ready within three years, the head of the luxury automaker's new hybrid program announced yesterday, saying it showed progress by a company derided by some environmental groups as a climate destroyer. Leaders of Germany's auto industry have rejected criticisms that they lack the initiative to build more environmentally friendly cars, saying this week they were working on new, fuel-efficient models. Porsche's Cayenne hybrid, being developed in part with Volkswagen AG and Audi AG, is expected when complete to...
CARS
November 26, 2006 | Royal Ford
The hybrid gasoline/electric vehicle has veered off course. A technology I praised years ago as having great promise is being compromised by companies that are using the jolt of electricity to produce more horsepower and save some fuel, instead of offering just enough horsepower to save more fuel. At least one company is offering an SUV with true fuel savings -- Ford , with its Escape hybrid. I got 28.5 miles per gallon in more than 1,000 miles of my Escape adventure.
NEWS
June 20, 2005 | Associated Press
NEW YORK -- Victor Wouk, who developed the first full-size version of the modern hybrid car, died of cancer at his home here May 19. He was 86. Described as the father of modern hybrid automobile programs, Mr. Wouk held more than 10 patents, most of them related to hybrid and electric vehicles. In the early 1970s, he formed his own company, Petro-Electric Motors, to develop a hybrid. He said his work was spurred by the Clean Air Act of 1970, which called for the development of a cleaner car engine.
BUSINESS
June 8, 2007 | Associated Press
TOKYO -- A decade after the first Prius went on sale, Toyota's global sales of hybrid vehicles have hit a landmark 1 million, underlining the Japanese automaker's lead in "green" technology that has changed the face of the auto industry. Toyota Motor Corp.'s cumulative sales of gas-and-electric-powered vehicles totaled 1.047 million as of the end of May. Of those, nearly 345,000 hybrids were sold in Japan, while 702,000 were sold abroad, the company said in a statement yesterday.
BUSINESS
February 26, 2010 | Malcolm Foster, Associated Press
TOKYO - Honda launched its sporty new hybrid CR-Z yesterday, vowing to uphold quality amid spectacular safety woes at its archrival Toyota. Japan’s number two automaker said it hopes the sleek two-door hatchback will appeal to a younger set or empty-nesters who want a green car with a bit of pizzazz. The car will go on sale in Japan today and in the United States and Europe by midyear. “Product quality is extremely important to us,’’ chief executive Takanobu Ito said.
BUSINESS
March 14, 2012 | Dee-Ann Durbin, AP Auto Writer
Gasoline prices are headed for record highs this spring. If that happens, a new, more fuel-efficient car may be worth the investment. Gas has jumped 54 cents to an average of $3.81 per gallon this year. By next month, the price could break the all-time record of $4.11 in July 2008. Four years ago, car companies didn't have enough fuel-sipping small cars to satisfy buyers, and that hurt sales. But they've put far more emphasis on fuel economy since then, and there's now a wide selection of efficient cars and SUVs.