prius

Maybe there’s a way to reduce our gasoline consumption without buying everyone a Prius after all.
The Department of Transportation issued new fuel economy standards this morning for 2011 model year vehicles. According to the National Highway Traffic Safety Administration, the new restrictions will bring the combined car and light truck average to 27.3 miles per [...]

More bad news for Detroit: Toyota announced yesterday that it expects to lose $1.7 billion for the fiscal year ending March 31 — the first annual loss for the company in 70 years. From The New York Times:
Analysts said Toyota’s downward revision, its second in two months, showed that the worst financial crisis since the [...]

In a move that spells nothing but bad news for Detroit’s struggling automakers, Toyota announced yesterday that it’s suspended plans to produce its Prius hybrid in the United States.
Why is that bad news for the Big Three? Because there’s been this line of argument that Ford, General Motors and Chrysler would be performing splendidly right [...]