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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

We have rock-solid finances. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. Volkswagen is partnering with a number of companies, including Sanyo and Toshiba, on batteries, power electronics and electric machines. We have nine strong brands that work well together.

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Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

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the only companyselling hydrogen-powered cars to U.S. policy shifts to favor battery-powered autos. Honda, Japan’s second-largest carmaker, last week beganbuilding a lithium-ion battery factory with joint-venturepartner GS Yuasa Corp. in Japan’s Kyoto prefecture to make packsfor gasoline-electric hybrid cars.

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