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That said, there are many auto-industry executives who maintain that the hype has gotten well ahead of reality. There is no infrastructure, in the form of battery-charging stations, to support pure electric models. Electric cars now coming to market are also expensive, costing more than $20,000 even...
But not all the buzz is being generated by muscle cars or luxury of the "if you have to ask, you can't afford it" variety. Crowds also gathered around cars made by a company largely unknown outside of China, the Shenzhen-based firm BYD (Build Your Dreams). Started as...
In fact, from Toyota on down, nearly every major automaker and a host of minor ones are exhibiting this week not just hybrids, but also pure battery-powered vehicles. No fewer than eight electric cars in various stages of development were put on display by Chinese companies. The reason is...
China's government is backing the industry's push toward electric cars. Large fleet owners - in China, that's mainly regional governments and taxi companies - now get subsidies worth up to $8,800 per vehicle if they buy electric. Beijing has also announced that it will spend $1.5 billion in...
• According to the Wall Street Journal, Rattner was the Administration official who told GM CEO Rick Wagoner that he would have to step down, then informing Wagoner's replacement, Frederick "Fritz" Henderson, that GM's top job was now his. (See the 50 Worst Cars of All Time)