OK, now we're really confused. In the US, Toyota has been telling anyone who cares to listen that the future of advanced-powertrain technology is hydrogen fuel-cell vehicles, not electric ones. In China, a Toyota joint venture is looking at EVs. Over in Japan? They've just decided to pony up a little more for testing electric-vehicle technology. Maybe something's lost in translation.
Formula One bigwig Bernie Ecclestone has opened his wallet to finally put an end to his trial for alleged bribery in Germany. According to Britain's The Telegraph citing the Süddeutsche Zeitung, the controversial racing magnate offered a 60 million pound- ($100 million-) settlement to put the case behind him. Deutsche Welle is reporting that state prosecutors have accepted the deal. Ecclestone had initially proposed $25 million to take care of things and later increased the price further.
Two of the first 19 hybrid school buses have just been delivered to Manatee County, Florida as part of the Plug-In Hybrid Electric School Bus Project. Designed to test the viability of the new buses, a hybrid and a control bus will travel the same route, alternating every two weeks, for a period of two years which should equate to more than a million miles of service each.
Fuel-cell manufacturer Plug Power Inc. which produces backup power systems for the telecommunications industry is acquiring Cellex Power Products Inc. We've mentioned Cellex before as the fuel-cell manufacturer who partnered with Wal-Mart to undertake a trial of 12 hydrogen fuel-cell powered pallet lift trucks over four months. The $45 million acquisition, offset by Cellex's $8 million cash reserves, was made possible by a cash infusion into Plug Power last year by Russian group Smart Hydrogen.
The murder of motorsports legend Mickey Thompson and his wife in 1988 was one of the most brutal crimes to hit the automotive world. Nearly two decades later, prosecutors in Pasadena, CA hope to bring the alleged perpetrator to justice. The trial against Michael Goodwin opened on Monday with claims that two yet-unidentified hitmen fatally shot Trudy Thompson before killing Mickey outside the couple's home.
The case file on Stefan Eriksson just keeps growing longer and longer. The failed video-game executive crashed (and completely destroyed) a Ferrari Enzo on February 21. Totaling an Enzo is enough to put him in our bad books, but Eriksson just keeps on digging deeper into trouble.
Hyundai chairman Chung Mong-koo put up bail to the tune of $1 million last week to be freed from jail after being imprisoned for two months on corruption charges that involved using company funds for personal and political use. The 68-year-old executive, who showed up to court appearances in a wheel chair, pleaded with the court via his lawyers citing his detiorating health, a major Korean automaker that would be lost without him, and the fact that he has already admitted guilt as reasons that h