Ford to Build Its First Hybrid-Only Vehicle

Except for a few models, hybrids and electric cars take years to pay off

(NEWSER) - Thinking of buying a hybrid or electric vehicle to ease the pain at the pump? You may want to think again: A TrueCar.com study commissioned by the New York Times shows that, except in three cases, fuel-efficient technology is so expensive that these types of cars take years to pay off at today's gas prices—and that remains true even if gas were to hit $5 per gallon. In some cases, the average driver would take more than a decade to see savings over comparable conventional vehicles, which is a problem since the average person owns a car just six years. Most fuel-efficient cars will be more expensive to purchase and to drive for five years, at minimum. More»

Partnership prompted by airport-terminal chat

(NEWSER) - A trans-Pacific partnership between Ford and Toyota is set to bring us a new generation of hybrid vehicles. The two companies will join together in creating a gas-electric hybrid system suited to light trucks and SUVs, the Wall Street Journal reports. The two firms already have hybrid systems that power front-wheel drive cars; now, they’ll aim to make rear-wheel drive vehicles more efficient within the next decade. More»

Plug-in hybrid gets love from nation's largest auto show

(NEWSER) - If the desire to go green wasn’t enough to convince you to buy a Chevrolet Volt, maybe this will: The $41,000 plug-in hybrid was named North American Car of the Year at the country's largest auto show. The Volt beat out Nissan’s all-electric Leaf and Hyundai's Sonata sedan to snag the top honor at the North American International Auto Show in Detroit. It's the latest in a long line of awards for the car, including Motor Trend Car of the Year, CrunchGear notes—but not everyone is impressed . Bloomberg reports that Ford's Explorer grabbed Truck of the Year. More»

7-passenger 'people mover' on its way

(NEWSER) - Ford has announced its reentry into the please-don't-call-it-a-minivan category, USA Today reports. The carmaker has been out of the minivan business since 2007, and it plans to stay that way—at least in name—with the Grand C-Max, scheduled to be on US roads in two years. Built on a stretched version of Ford’s international small-car platform, the C-Max has sliding doors and 3 rows of seats. But don’t call it the m-word. More»

(NEWSER) - AT&T pledged to spend $565 million to replace its current vehicle fleet with models that run on alternative fuels, the Detroit Free Press reports. The firm will buy over 15,000 hybrid and natural-gas-powered cars, mainly from Ford. AT&T billed the move as not only environmentally responsible but also as an act of economic stimulus—it estimates the move will save or create 1,000 jobs the next 5 years. More»