As gasoline prices top $4 a gallon, the shift by U.S. consumers from big, powerful trucks to small cars with small engines is now a stampede.
Fuel prices are roiling the auto industry in a way Americans have not seen since the panic that followed the embargoes by oil-exporting countries in the 1970s. Industry executives and [...]
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Gas Prices Fuel Industrys New Era
Electricity, gasoline and lots of hot air
executive director of the Innovation Center for Energy and Transportation, agrees. “I don’t think Chinese hybrid vehicles are ready for large-scale production,” he says. “Companies want recognition for being the first to have them. It’s mostly about PR to start with, although it’s also about developing capability in the technology for the future.”
April 29th, 2008 | On The Road | 0 comments | Continued