BUSINESS
December 7, 2009 | Michael Hiltzik
Anyone strolling about the exhibition floor of the L.A. Auto Show this week can be forgiven for thinking that the battle for the green car has been won, and the plug-in electric hybrid is the victor. Scads of major automakers unveiled models that are within a year or two of showroom readiness, with the Chevy Volt (projected to run for 40 miles on a household charge before switching to gasoline) drawing perhaps the most buzz. Irvine-based Fisker Automotive Inc. took a booth to promote its forthcoming $88,000 Karma, a plug-in luxury hybrid.
BUSINESS
January 19, 2010 | By Jerry Hirsch
Fisker Automotive Inc., the Irvine developer of electric cars, said it had raised an additional $115.3 million in private equity funding to develop plug-in hybrid cars. The money from three firms allows Fisker, founded by Danish design guru Henrik Fisker, to satisfy a U.S. Department of Energy condition to gain access to $528.7 million in federal loans. The agency's money is part of a $25-billion fund approved by Congress in 2007 to spur automakers to build electric and fuel-efficient vehicles.
BUSINESS
April 27, 2003 | John O'Dell, Times Staff Writer
Being green no longer means being cramped. After several years of asking environmentally conscious motorists to sacrifice hip, head and elbow room to drive a car with high mileage and low emissions, automakers finally are moving into the mainstream with larger hybrid gasoline-electric models -- including sport utility vehicles. Toyota Motor Corp.
OPINION
September 30, 2001
Rather than "rebuilding" our military at the cost of untold billions, as the conventional wisdom suggests we do in response to Sept. 11, why not use that treasure to hasten the replacement of our gas-guzzlers with fuel-cell and hybrid gas/electric vehicles? Not only would we rid ourselves of our deadly reliance on Middle East oil but also stimulate our economy. Barry Dantzscher Van Nuys
BUSINESS
September 10, 2004 | From Bloomberg News
Honda Motor Co., one of the first automakers to sell hybrid gas-electric vehicles, plans to market a home-refueling system for its Civic model that is powered by natural gas. The fueling system, developed with FuelMaker Corp. of Toronto, will go on sale in California for about $2,000 early next year, Tokyo-based Honda said. The initial sales target is about 500 a year, said Andy Boyd, a spokesman for Honda's U.S. operation in Torrance.
BUSINESS
December 14, 2002 | John O'Dell, Times Staff Writer
The auto industry is pulling the plug on the all-electric car. The present generation of battery-powered electric vehicles, with their limited driving range of about 120 miles before needing a recharge, have lost favor among automakers and regulators. In turn, the dream of a California highway system buzzing with clean electric cars has been put on indefinite hold. Just this week at the electric-vehicle trade association's annual convention in Hollywood, Fla.