If you were thinking a vehicle manufacturer backed by a billionaire with a futuristic hyper-car concept and hundreds of millions of dollars in government tax incentives wouldn’t have problems paying the bills, you would be wrong.
That, Hyundai executives are taking a “voluntary” cut in pay, German prosecutors could be letting Volkswagen’s top brass off the hook, and Honda markets a car you can only drive in California… after the break! (Read More…)
Hydrogen fuel cell vehicles have been in development for as long as hybrids, but while one of those technologies can be found in any Walgreens parking lot, the other still occupies a tiny micro-niche in the marketplace.
Besides the lack of refueling infrastructure, hydrogen-powered driving is hindered by the high cost of fuel cells. After receiving $6 million from the feds, Ford Motor Company and the Los Alamos National Laboratory hope to change that, the Detroit Free Press reports. (Read More…)
CARB has mandated that 15.4 percent of new vehicles sold in California by 2025 must be plug-in, electric or fuel cell powered. The new mandate was supported by major OEMs and could mean as many as 1.4 million zero-emissions vehicles (as well as plug-in cars) on California roads by 2025.
VW CEO Martin Winterkorn is a superstitious man. He doesn’t want to add a 13th brand to his (or rather Piech’s) large collection. (Coincidentally, 12 is the number of Piech’s children. More or less. Nobody is quite sure,) “There are some who knock on our door. Some really want to come under our roof as they see we’re on a good path strategically. But we are satisfied with the current line-up,” Winterkorn said to Wirtschaftswoche. Specifically questioned about Volvo or (gasp) Daimler, Winterkorn answered: „There are many who would like to snuggle in VW’s cozy bed. Thank you, not interested.” Instead, he’s re-thinking the line-up of his new acquisitions: “I could imagine a smaller Cayenne derivative. Or a Porsche below the Boxster. This is under discussion.”