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Filed under: Economy , Hybrids/Alternative , Green , Plants/Manufacturing , Toyota Even with the $5,000 difference between the Prius and non-hybrid Toyotas, there was a time when Toyota lost money on the car. Even when the car entered the black, and even though they halved the cost of the hybrid system from one generation to the next, Toyota still didn't make the margins on it that they did with their go-to sedans. Yet with plans to start making batteries for the Hybrid Synergy Drive in the U.S., Toyota says it should be able to halve costs again, and bring the next-gen Prius profit to near parity with the Corolla. Toyota doesn't know where or when it will start building batteries in the States. The company says "it's difficult to make the main parts of batteries outside of Japan," but didn't explain why that was the case. From 2010, the Prius will be manufactured in Toyota's Mississippi plant, however, that doesn't mean the battery plant will be nearby...
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Filed under: Hybrids/Alternative , Government/Legal , Green , Tech Petroleum prices are making electric vehicles and engines which run on biofuels look more and more attractive with each passing day. That's why its likely to be a hot topic this election season as each presidential candidate sets out his own unique proposals to ease the country into a new era of lower fuel consumption. Biofuels may be the quickest path to lower petroleum usage, but it's electric vehicles which present the biggest step forward in clean auto technology looking forward. Both biofuels and battery technology are getting some love from Senator John McCain, who's set to propose a prize of $300 million for the first company who can build a better battery. That's a large sum of money, but it won't be easy to tap considering that the goal is for a battery with "the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars." Oh yeah, and do...
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Filed under: Hybrids/Alternative , Green , GM , Earnings/Financials , Rumormill Shortly after reports of leaky batteries coming from Cobasys, which greatly slowed the production of GM's mild hybrid vehicles, such as the Saturn Vue and Aura hybrids and Chevy Malibu hybrid, comes a report from Automotive News which suggests that General Motors may just purchase the troubled battery maker outright. That's one way to manage the problem, wouldn't you say? Though GM would own 100-percent of Cobasys, some sort of partnership is said to be in the works, though that other entity remains unknown. Before this announcement, Chevron and Energy Conversion Devices, co-owners of the battery supplier, had been fighting over ownership of the company. What effect this news may have on GM's future hybrid plans remains unknown. Currently, Cobasys supplies nickel metal hydride batteries to the General. The upcoming Chevy Volt will use the newer lithium ion batteries. Still, General Motors recently...
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