Hybrids
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Just a bit over ten years ago, only a few of the dedicated had any idea what a hybrid car was, but in another ten years or so, the eco-friendly vehicles will account for 19.4% of total sales in the U.S., according to JP Morgan's latest estimates. Today hybrids make up a little less than 1% of the cars sold around the world, totaling about 480,000 in 2008 - most of those in the U.S. That leaves a lot of growth to be done by 2020, but with ever-stricter emissions rules, more favorable incentives and higher fuel economy standards, the hybrid will soon be getting an even push from both consumers...
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Report: Fiat picks 3 directors for restructured ChryslerOnly yesterday it was announced that former Chairman of Borden Chemical and of Duracell International, Robert Kidder, would preside over a restructured Chrysler as its new CEO, but already reports have emerged claiming Fiat has appointed three new directors for the struggling carmaker. In the lead...
James Martinez -
C. Robert Kidder to head Chrysler after restructuringNearly three weeks into Chrysler's bankruptcy and the global strategic alliance between Fiat and Chrysler comes news today that C. Robert Kidder - not Sergio Marchionne - will play the role of CEO for Chrysler after the bankruptcy. The news, which comes directly from Chrysler, contradicts a...
James Martinez -
NYPD chooses Nissan Altima as first hybrid patrol carGovernment fleets have been among the first to go green in a big way, exceeded perhaps only by some private sector firms. The latest government agency to take up the environmental banner is the New York Police Department (NYPD), which today deployed 40 Nissan Altima Hybrids in its fleet. The cars...
Ralph Hanson -
Government preparing for possible Chrysler bankruptcyAs the April 30 deadline for Chrysler to restructure its business looms closer, the Treasury department has begun to prepare a bankruptcy filing for the struggling carmaker. The news highlights the severity of Chrysler's situation should it fail to enact a deal with Italian auto giant Fiat, but the...
James Martinez -
Chrysler creditors offer to swap debt for equityChrysler's race to turn its debts into equity took a major turn for the better today, with an offer from a group of banks and hedge funds that hold almost $7 billion in debt. The group is proposing to exchange around $2.5 billion of Chrysler's debt, but only in exchange for close to 40% of the...
James Martinez -
Negotiations between Chrysler and Fiat regarding an alliance have now turned to production capabilities, and an anonymous source has revealed that three Chrysler plants are under consideration for possible re-tooling, at which point they will build Fiat vehicles, as well as Chrysler-badged vehicles built on Fiat platforms. The three production plants being considered include Chrysler's Canadian MPV plant in Windsor, Ontario, across the river from Detroit, as well as a plant in the U.S. and Mexico. The Windsor plant in Canada currently builds the Chrysler Town & Country, as well as the Dodge...
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Volt won't get DOE funds until GM passes government viability testsThere are many layers to the deal General Motors has had to accept from Washington. In addition to having 60 days - now down to 51 - to turn things around or face bankruptcy, GM must also convince the government it will remain viable in order to be eligible for $10.3 billion in Department of Energy...
Nelson Ireson -
More details on the potential Fiat-Chrysler alliance emergeAt the end of March the President's task force on the industry put a 30-day window on Chrysler and Fiat reaching an alliance agreement. Just hours later Chrysler announced the two companies had signed off on the deal. That turned out to be premature, but the deal is still being developed, with new...
Jeremy Weber -
Honda struggling to meet demand for Insight, U.S. production still a long way offHonda’s new Insight hybrid vehicle has been on sale in the U.S. for just over a week but demand for the car is already pushing production at the company’s Suzuka plant in Japan to the limits. Sales of the Insight in Japan are already triple what Honda had hoped for and with predictions...
Kenneth Hall -
Toyota planning inexpensive Yaris-based hybridFord has its new Fusion, Honda has the Insight, and Toyota's new Prius is about to hit the streets. But already the next generation of the hybrid wars is drawing up its battle lines, and this time it's smaller. Toytoa is planing a Yaris-based hybrid to take on Honda's Fit hybrid, due around...
Ralph Hanson -
Small car, hybrid sales taking a long drive off a short pierThe short-sightedness of the car-buying public is breathtaking. It was just months ago that fears over $4 gas prices had people scurrying about, dumping loaded SUVs for a fraction of their purchase price and replacing them with smaller, more efficient vehicles. But today, with fuel well under $2...
Nelson Ireson -
Following the announcement of the proposed alliance between Fiat and Chrysler in January, the question on everybody’s lips was which European top-sellers were finally going to come to North America. Stylish compact cars like the Fiat 500 and Bravo were suddenly a very real possibility for North America but those are just two of a handful of new models that could make their way Stateside. Up to seven different models from Fiat and Alfa Romeo could be sold locally, and latest reports indicate that one of these could be sold under the Jeep brand. To help meet impending CAFE regulations...
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Fiat and PSA Peugeot-Citroen deny merger rumorsFiat Group, Chrysler and its parent company Cerberus Capital Management in January released a joint statement announcing they had signed a non-binding term sheet to establish a global strategic alliance. The alliance, a key element of Chrysler’s viability plan, would provide the American...
Kenneth Hall -
AutoNation CEO says he has 600,000 hybrids sitting on lots across AmericaPain at the pump is a thankfully remote sensation for most Americans these days. Just last summer we were all hurting everytime we had to go somewhere, to the point where we traveled 30 billion fewer miles than the year before. But the absence of pain at the pump means we don't have much in the way...
Ralph Hanson -
Toyota focuses on hybrids for U.S., puts sports cars on back burnerFrom the Mark I inline six-cylinder with just 110hp (82kW) to to the twin-turbo Mark IV with 320hp (239kW), Toyota's Supra remains a legend in the world of high-performance sports cars. But since 2002, the brand has made a strong move away from the image of the Supra and towards the Prius's green...
Kenneth Hall -
New HC-CV concept points the way to Toyota’s latest Camry HybridTo drum up excitement for production of the Toyota Camry Hybrid in Australia for the first time, the Aussie division of the global auto giant is planning to unveil a new concept version of the fuel-efficient sedan at the upcoming Melbourne Motor Show. Before you get all excited about Toyota...
Viknesh Vijayenthiran -
Honda's new Insight doubles first-month sales targets in JapanMaking plans for the future is tough when the market is as shaky as it is now, but Honda is trying to find a way to get its Insight hybrid to market in the U.S. for less than $20,000. To do so, it may have to build the car in the U.S., but it won't be able to justify that step unless it can sell...
Nelson Ireson -
Repairing cars is never a pleasant thought, because it pre-supposes your precious piece of automotive machinery has been damaged. But it's comforting to know that though your fuel-swilling performance machine might be expensive to operate, it'll be a cheap and easy fix, while the likes of the Prius will be forking over the cash when the body work needs doing - or so the story goes. It's no longer true that hybrids cost more to fix than regular cars. It used to be that way - up through 2006, the cost of fixing a hybrid was about 8% above the non-hybrid average. But now things have evened out...
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Report: Fiat and Chrysler alliance will see seven new models sold in U.S.The proposed alliance between Chrysler and Fiat Group will reportedly see seven new vehicles introduced to the U.S. market, with most of the cars expected to be produced at idle Chrysler plants across North America. According to sources that have seen the product-sharing agreement, several of the...
Ralph Hanson -
What does the Fiat-Chrysler partnership mean to you?Today’s news of Fiat's decision to acquire up to 35% of Chrysler has taken the automotive world by storm. What might such an alliance portend for Chrysler? What could Fiat possibly derive from the union? And how might you, the car enthusiast, feel about the whole thing? History is always a...
Nelson Ireson -
Report: Volvo working on micro hybrid for 2011, diesel hybrid for 2012The World Green Car of the Year award candidates were just released yesterday, and Volvo's name appeared on the list 5 times - more than any other brand. Today word has emerged of a range of new hybrid vehicles in the works, complete with rough dates for their release. Volvo's DRIVe line of concept...
Alex Kaufmann -
Gumpert Apollo Hybrid Race Car DetailsRunning alongside all the high-performance race cars from major carmakers like Toyota, Volkswagen and GM at next weekend’s 36th ADAC Zürich 24-hour race at the Nurburgring will be an odd-looking supercar from Germany’s SportwagenManufaktur powered by a unique petrol-electric hybrid...
Ralph Hanson -
Jeep Renegade Concept: Efficient, RuggedRounding out Chrysler's threesome of conceptual goodness is the Jeep division's Renegade. Some say it looks like something out of a video game, some think its cute and others think it's just ugly - but whatever you think of its looks, the Renegade's stat sheet is pretty impressive for a hybrid. A...
Nelson Ireson