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U.S. markets recover from steep losses
TRAVERSE CITY, Mich., Aug. 16 (UPI) -- All Toyota models will have hybrid engines by 2020, the company has announced at an automotive conference.
The success of Toyota's Prius sedan has helped spark both foreign and American automobile manufacturers to come up with more fuel-efficient designs. General Motors is pushing development of its new plug-in hybrid vehicle by 2010, while Ford Motor Co. plans next year to double its lineup and production of hybrids. Honda Motors announced recently it will have a new hybrid to compete at a lower price against the Prius by 2009, The Wall Street Journal reported Friday.
Rising consumer demand has meant Toyota and Ford have not been able to build enough hybrid vehicles. Contrary to many experts' assumptions, Toyota's head of North American sales, Bob Carter, has said his company makes a profit on its more than 1 million Prius hybrids sold worldwide.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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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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It is a whole new ball of wax in Europe these days.
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