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Volvo 13-liter liquefied-natural-gas engine announced for North America

It comes as no surprise that, with rising fuel costs, companies are continuing their efforts to increase efficiency. Volvo Trucks, for its part, plans to launch a 13-liter liquefied-natural-gas engine for North America in 2014 and is set to develop a new form natural-gas fuel called DME, or dimethyl ether. Volvo looks to add the liquefied-natural-gas option to complement its compressed-natural-gas (CNG) offerings.

Toyota FT-EV II – it’s the Jetsons!

The Toyota FT-EV II Electric city car concept As we reported earlier, Toyota believe electric cars have no future, apart from as short-range, low power city runarounds or as commercial vehicles. So the Toyota FT-EV II is exactly what Toyota believes the EV future is – a small, slow city car. Toyota say of the FT-EV – “… (its) design and technology look to a future society where EVs will be in common use, among a range of different means of transport that will reflect user requirements, the type of energy used and the local energy supply infrastructure”.

Smart's $99 loan deal has big balloon payment at end

Hoping to benefit from the federal cash-for-guzzlers program, Smart USA has set up a $99 monthly payment for buyers who use their $4,500 rebate. But there's a catch--and a hefty balloon payment disclosed only as a note to an asterisk in Smart's press information announcing the offer. The Smart financing is for $99 a month for 36 months, with a balloon payment of $6,667 due at the end.