Word: hybridize
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...reader poll on the investing website Motley Fool--yes, even billionaires get ideas from Motley Fool. "What are you doing to deal with high gas prices?" the poll asked. Seventy-seven percent of the respondents said they were cutting back on consumption (by driving less, buying a hybrid, buying a Vespa, etc.). Rainwater, who was one of the 23% who clicked on "Absolutely nothing. I'm rolling in profits from my oil stocks," took it as a sign...
Ford is facing a similar problem: it simply cannot get enough of the batteries to keep up with the demand for its Ford Escape and Mercury Mariner hybrid models, says spokesman George Pipas. Ford currently has access to only 24,000 of the special batteries under a contract it signed years ago, he says. "The supply of batteries is capped...
...another problem in keeping up with demand is an acute shortage of the nickel-metal-hydride batteries required for hybrid vehicles. GM's launch of its new hybrid-SUVs has been delayed for nearly three months by a labor dispute at a key supplier of the batteries. And Toyota's chances of getting more hybrids into showrooms is foundering on the battery shortage. "We can't produce enough batteries right now," Carter says. A new plant for the nickel-metal-hydride batteries won't come on line until 2010. GM is deep into negotiations to purchase the battery subsidiary...
...demand for hybrid batteries will only grow. GM Chairman Richard Wagoner says his company plans to have eight hybrid models on the road by the end of 2008. "Our view is today's levels are a far more accurate prediction of where fuel prices are going to be in the future," he says. "It appears we have reached a tipping point. Global demand is ahead of global supply. Certainly it looks like the energy demand is going to grow." Honda, which posted record sales in May thanks to the popularity of its compact Civic, also is amping up the production...
...Kreuzberg, I heard myself reflect, “Well, if I’m struggling I’m doing something right” and recognized a tone totally contrary to everything I thought I was. To the extent that I had inherited a culture, nowhere in my very hybrid Catholic-Jewish Asian-Spanish-Eastern European parentage was there even a hint of the kind of Puritanism that values “sticking it out” above all else. More importantly, the sentiment had never guided my decisions in high school, where I wasn’t ashamed...