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Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Hyundai & Kia to spend up to $395 million on lump sum fuel settlements

Hyundai & Kia to spend up to $395 on lump sum fuel settlements Back in 2012, Hyundai and Kia had to stand up and accept that they’d overstated the official economy of a number of their models and attempt to put things right. They did that by offering all buyers of affected cars a compensation plan which repaid owners for their losses over expectation, added 15 per cent for good measure and made that ongoing for the lifetime of the ownership. But this is the USA, so it wasn’t all as straightforward as that.

New Hydrogen Fuel Cell Toyota at Tokyo Motor Show. The next Prius?

Will the new Toyota Hydrogen Fuel Cell car be a Prius? (FCV-R pictured) We’re getting very close to the proper arrival of the hydrogen fuel cell car, moving from a vastly expensive idea to an (almost) affordable family car. Hyundai are up with the leaders in the hydrogen-powered production car race with the ix35 FCEV, and now it’s Toyota’s turn to show what they’ll be offering buyers in 2014 with a new hydrogen-powered car debuting at the Tokyo Motor Show next month.