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U.S. markets recover from steep losses
AIX-EN-PROVENCE, France, July 5 (UPI) -- Renault, in response to soaring gas prices, plans to mass-produce electric cars, the French automaker's chief executive said Saturday.
"We're getting ready for mass production of electric cars," Carlos Ghosn said at an economic conference in Aix-en-Provence. "Energy will remain expensive."
Ghosn estimates there is a 10 million vehicle market for urban cars, The Wall Street Journal reported.
Ghosn also is chief executive officer of Nissan Motor Co. The Japanese automaker plans to bring a fully electric, zero-emissions car to the mass market by 2012, Ghosn said in May.
He said switching to battery-powered cars creates an opportunity to revitalize the European auto industry.
"Batteries you can produce them on the Champs Elysees, or anywhere close to Paris," Ghosn said, noting it doesn't require as much labor.
He said Renault plans in the meantime to boost production at plants in Morocco and India.
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LINCOLN, Neb., May 24 (UPI) --
A law giving the governor of Nebraska the authority to approve oil pipelines passing through the state is illegal, three landowners say in a lawsuit.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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