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Toyota Plans Smaller, Cheaper Hybrid

Toyota will introduce a new hybrid next month that is smaller and more affordable than the Prius, reports the Detroit News. The hybrid-only subcompact is expected to go into production in 2011 and be in US showrooms by early 2012. Toyota, which will offer a peek Jan. 11 at the North American International Auto Show, [...]

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Ford May Invest $500 Million for Hybrids

Ford will invest up to $500 million for its hybrid vehicle projects and create more than 1,000 new jobs in Michigan if state lawmakers expand an existing incentive program and approve $85 million in tax credits, according to the Detroit News. If Ford’s needs are met, the company will go ahead with plans to design [...]

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