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U.S. markets recover from steep losses
DETROIT, July 22 (UPI) -- U.S. power companies are teaming up with General Motors Corp. to find a way to put electric cars on U.S. roads, sources said.
The Detroit automaker and the Electric Power Research Institute, a consortium of more than 30 utility companies, will work together to figure out how to get the nation's electric infrastructure in place to recharge millions of electric vehicles, The Detroit News reported Tuesday.
Electric cars have a big advantage. At current prices, they cost 1 to 2 cents per mile to drive. Gasoline-powered vehicles cost about 14 cents per mile, said Jon Lauckner, GM's vice president of global program management.
GM is developing two vehicles for electric power, the Volt, which has a range of about 40 miles, and the Vue, an SUV hybrid with an electric power range of about 10 miles.
GM said it hoped to launch the two vehicles in 2010, the News reported.
In June, the Department of Energy awarded GM and the Electric Power Research Institute $10 million to develop the Saturn Vue, the report said.
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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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