As Gas Prices Rise, Toyota's Hybrid Sales Pass 3 Million
Toyota has sold 3 million hybrid vehicles since launching the Prius in 1997.
hybrids
GM Withdraws $14 Billion Federal Loan Application
Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.
Fuel Efficiency Is Top Priority for Car Buyers Worldwide
Fuel efficiency remains the top concern among new car buyers around the world, which is likely to boost demand for hybrid and electric vehicles, according to a report from KPMG. But the survey of senior auto-industry executives worldwide also showed that many have serious concerns about such vehicles' affordability.
Ford's New High-End Hybrid Goes Head-to-Head With Lexus
The Lincoln MKZ Hybrid, unveiled at the New York International Auto Show, represents Ford's entry into the luxury fuel-efficient auto market. And it has the Lexus HS 250h in its sights.
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