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...parking and offers a ten percent discount for hybrids. The discounted rate for compact cars has not yet been determined. “I’m all for it,” said Jeff Meraj, a first year Harvard Kennedy School student who said he frequently parks his Honda Civic at the garage. Though he said the rate reduction would probably not induce people to switch vehicles, he said that the initiative “definitely increases awareness of environmental issues.” Though Benjamin J. Muchler, a Boston resident who owns a Volvo SUV, will not benefit...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Hotel To Reward Green Drivers | 4/1/2009 | See Source »

Toyota's (TM) share of the U.S. light vehicle market is 18% and Honda's (HMC) is 10%. GM's (GM) share of its home market is about 22%. Fifty-five years ago, the No.1 U.S. car company had 54% of the U.S. market. By this time next year, GM's piece of the American car pie could drop another 50%, bringing it closer to Honda...

Author: /time Magazine | Title: Why Toyota Can Finally Take Over the U.S. Car Market | 3/31/2009 | See Source »

...understand what it means for the government to back a warranty if dealers close. Many others won't have heard or read about Obama's speech. But, most of all, a lot of consumers don't want to be troubled. They can buy a car from Toyota, or Honda, or Nissan and not have to consider the matter at all. (See pictures of Barack Obama's family tree...

Author: /time Magazine | Title: Why Toyota Can Finally Take Over the U.S. Car Market | 3/31/2009 | See Source »

...leading teams last year had annual budgets of $400 million or more. The huge gap back to the other teams not only created a predictable title fight between just three or four drivers but has forced teams out. Worried by the slump in the global auto market, Japanese carmaker Honda, which spent $350 million in 2008, cut its ties in December. (The team has been bought out by former boss Ross Brawn and will now compete as Brawn...

Author: /time Magazine | Title: Formula One: Behind the Wheels | 3/25/2009 | See Source »

...instrument cluster that weighs just 14 oz. (400 g), compared to 2.2 lb. (1 kg) for the models it sells in North America and Europe. These and dozens of other refinements yield a car that weighs just 1,322 lb. (600 kg), less than half the weight of a Honda Accord. Reducing weight helps make the most of the Tata Motors - designed two-cylinder engine, which is bolted in the rear (like the classic people's car, the Volkswagen Beetle) and can power the Nano to a top speed of about 62 m.p.h. (100 km/h) in 23 seconds. Fuel economy...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

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