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The Nikkei 225 finished up 0.2% at 9,808 Monday, but volume was down at a 6-week low. Fast Retailing, Suzuki Motor, and ...
Fiat said its 5-year road plan to turn around Chrysler will result in the doubling of revenue. "There is no alternative ...
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Current DateTime: 10:03:22 09 Nov 2009
LinksList Documentid: 30830730
Expiration DateTime: 11/9/2009 10:06:30 PM
    • The Nikkei Business Report  09 Nov 2009

        The Nikkei 225 finished up 0.2% at 9,808 Monday, but volume was down at a 6-week low. Fast Retailing, Suzuki Motor, and Kubota were top gainers, but major power companies were among the hardest hit. Makiko Utsuda from The Nikkei has more.

    • Fiat's 5-Year Road Plan for Chrysler  05 Nov 2009

        Fiat said its 5-year road plan to turn around Chrysler will result in the doubling of revenue. "There is no alternative but for Chrysler to be ambitious at this point," Stefano Aversa, co-president of restructuring specialists Alix Partners, said Thursday. "They have plenty of cash."

    • Ford's Safer Seatbelt  05 Nov 2009

        Ford is unveiling its groundbreaking seat belt. CNBC's Phil LeBeau has the details.

    • Chrysler's Rebirth  05 Nov 2009

        Chrysler is kicking off its rebirth and hoping its new game plan will please the government as well as the industry. Mike Jackson, chairman and CEO of AutoNation, shares his insight.

    • Toyota Reports Surprise Profit, but Outlook Bumpy  05 Nov 2009

        Toyota's results blew past expectations Thursday. The Japanese automaker posted a surprise quarterly profit and halved its annual loss forecast. "Toyota is still making a loss. It's still going to face a very difficult future ahead," Graeme Maxton from The Insight Bureau said. "This doesn't mean that the auto sector has turned around."

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Current DateTime: 10:03:22 09 Nov 2009
LinksList Documentid: 30830722
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Behind The Wheel

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May.13
10:07 AM ET
Tuesday, 13 May 2008
Nissan Says It Will "Plug" Electric Cars In U.S. By 2010

Chevy Volt
Chevy Volt

The future of mass market quantities of electric cars is getting a big push today from one on the more "electric" leaders in the auto industry.

Nissan/Renault CEO Carlos Ghosn is expected to announce his company plans to sell its first electric cars in the U.S. by 2010--according to the New York Times. While Nissan [NSANY  Loading...      ()   ] will make a limited number of models at first, Ghosn tells the Times that he expects the automaker to eventually have a full line-up of electric cars, perhaps by 2012.

Nissan's declaration, along with GM's [GM  Loading...      ()   ] plan to roll out the Chevy Volt by 2010, shows the automakers are more serious than ever before about electric cars. Yes, I know that some of you will point out that firms like Tesla and Venturi are already building electric cars. But the plans of the major automakers elevate the electric car race to a whole new level.

It shows that this is not just a token effort to appease environmentalists or make the companies look eco-friendly. Electric cars have the potential to ultimately raise the fuel efficiency ratings for the entire line-up of vehicles the company's produce. There's also the potential boost the bottom line by selling electric cars at a premium. In theory, these cars could provide a real jolt to auto sales as people decide to upgrade to an electric car/truck/SUV.

The cynics will say we shouldn't get to enthused about electric cars because there are still many technological hurdles. And there are many (battery development, meeting safety standards, etc) the industry needs to conquer. But make no mistake, the race is on.

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