Make a resolution to cut automotive costs in the new year
(ARA) – An annual tradition, Americans have their minds on resolutions for the New Year. While most hope to loosen their pants, others try to tighten their belt.

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Fisker Automotive raises US$115 million to develop plug-in hybrids
NEW YORK – Fisker Automotive, a high-tech startup company, said Friday it has raised US$115.3 million to develop high-end hybrid cars, bringing it closer to accessing a U.S. government loan it won last year.

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Hitachi Develops Lithium-ion Batteries for Plug-in Hybrid Electric Vehicles
Tokyo, Jan 12, 2010; Hitachi, Ltd. today announced that Hitachi and Hitachi Vehicle Energy, Ltd., which develops and manufactures lithium-ion batteries for automotive applications, such as hybrid electric vehicles, have developed lithium-ion batteries for plug-in hybrid electric vehicles, a first for the Hitachi Group.

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