Word: getful
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...Audi just unveiled an electric sports car, the e-tron, which will be commercially available by 2012. So you're not totally against electric cars then? That illustrates how I think electrically powered cars are going to develop. You're going to get two opposite poles, and both of them are going to be driven by the very high costs associated with battery technology. On the one hand, you're going to find small, very light commuter cars, with relatively spartan equipment. They will have lighter, smaller batteries with significantly shorter driving range - essentially good for urban commutes...
...Audi is instead touting the benefits of diesel technology. How do you get around the negative perception of diesel cars in the U.S.? Clean-diesel technology represents an immediate technological leap - you immediately, very significantly, reduce fuel consumption and emissions. Biodiesel, too, could get you very close to the point where you can have a neutral carbon footprint. This can all be attained in a relatively shorter space of time, and at lower costs, than waiting 20 years-plus until we get our act together with electric cars. I should say, though, that hybrids are important. It is not diesel...
...which will include a stop in Shanghai. "It's a huge investment," says Shaun Rein, managing director of China Market Research Group in Shanghai. "By allowing this now, it gives face to Obama and really shows that China and the U.S. need to work together to get out of this financial malaise...
...think they greatly overestimate the beneficial impact of it," concurs Michael Widner, an analyst at Stifel Nicolaus & Co. "I think that the people who were going to buy have already been lured in by the tax credit. As we extend it each additional month, you'll get a smaller and smaller effect." Also, while some experts applaud the idea of extending the credit beyond first-time buyers, they wonder if the $6,500 credit is large enough to make a serious dent. "The move-up buyer is buying a more expensive product and yet the amount of money being offered...
...Chrysler is also continuing to get support from credit unions. More than 2,000 credit unions in all 50 states have been promoting the "Invest in America" discounts on Chrysler products...