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Fiat will buy the rest of Chrysler for $4.35 billion
Thu, 02 Jan 2014Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.
Aftermarket Car Plug-In Hybrid system developed (video)
Sun, 05 Aug 2012The Department of Engineering Technology at the Middle Tennessee State University has developed a plug-in hybrid retro-fit system for cars. As hybrid cars show the world that we can get more miles to the gallon from fuel by adding in an electric motor to the mix (depending on just how that electricity is generated, of course), it was inevitable that aftermarket solutions would eventually surface. Now, the Department of Engineering Technology at the Middle Tennessee State University has popped up with what they claim is an after market plug-in hybrid system that can be added to just about any car and would cost – assuming it gets to market – around £2,000.
Study: Hybrids safer in accidents, more dangerous to pedestrians
Thu, 17 Nov 2011In the first analysis of its kind, the Highway Loss Data Institute found that drivers of hybrid vehicles are, on average, 25 percent less likely to be injured in a crash than drivers of conventional vehicles. Matt Moore, the data institute's vice president and author of the study, said weight was a big factor in its analysis. “Hybrids on average are 10 percent heavier than their standard counterparts,” Moore said in a statement on Thursday.