Auto News

AutoGuide News Blog


The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Apr 24 2012, 8:32 PM

As we head towards a presidential election, green vehicle subsidies are proving a political hot topic. One of the latest, concerns Fisker Automotive’s $529 U.S. Government loan to help it move forward with vehicle development and production.

Continue Reading…

 |  Jul 18 2011, 3:44 PM

Mitsubishi Motors Corp. has a goal – it wants to sell 2,000 units of its new i electric car in North America by April. Mitsubishi’s goal is pretty ambitious, considering that the i arrives at North American retailers in November and it’s only pre-sold about 350 to date.

According to Yoshikazu Nakamura, senior executive officer of Mitsubishi’s electric vehicle business office, the company expects North American sales of the i (aka i-MiEV in Japan and Europe) to reach to 20,000 units by the end of Japan’s fiscal year in March 2016.

The goal is attainable, as the U.S. model of the i has a base price of about $28,000. That means it’s one of the least-expensive highway-capable EVs sold in the United States.  It also means that it will be sold at a loss for the first few years.

From now until 2016, we can expect to see three new Mitsubishi electric or plug-in hybrid vehicles (in addition to the i). Following in the footsteps of the i is the plug-in hybrid version of the Outlander crossover, which will be available in April 2013.

As part of a plan to establish itself as a global EV leader, Mitsubishi will launch eight electric or plug-in hybrid vehicles around the world by 2016. Of those, North America can expect to see four of these models. And the company isn’t starting from scratch – it plans to launch versions of existing gasoline-powered vehicles with all-electric or plug-in powertrains.

[Source: CNet]