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Chrysler 300 sneak peak: GM reveals future of car line

Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government. The bottom line: GM and Chrysler say the need another $18 billion total in government loans to make it until auto sales turn around. As part of the plans, the automakers gave a preview of some future products that they hope will help drive the turnaround.

Toyota gunning for Honda Insight

We brought you news yesterday of the new Honda Insight, which Honda is launching in to the European market. Honda has made big noises about the Insight being significantly cheaper than the Prius, which seems to have got Toyota thinking. The next generation Toyota Prius (unveiled recently at Detroit) is due out before too long, and is a bigger, better equipped car than the outgoing version, and therefore more expensive.

SAE approves new fast-charging standard for EVs, plug-ins

SAE International said it has approved a new technical standard that will dramatically reduce charging times for plug-in hybrid electric vehicles and electric vehicles. The global engineering group said the new charging standard, developed with the cooperation of more than 190 automakers, utilities and equipment builders, will allow charging times to be reduced from as long as eight hours to as short as 20 minutes. Automakers want DC direct charging to take less than 10 minutes, or roughly the time it takes to fill a tank with gasoline.The goal is to accommodate currents as high as 500 volts distributed from public charging stations.