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Hybrid Vehicles

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France’s Renault expects its sales of electric and hybrid cars to more than double to 350,000 in 2021, two sources close to the company said, as automakers battle to get ahead in cleaner driving.

Amid tougher emissions regulations, car companies are switching to battery-powered vehicles, a market dominated by U.S. specialist Tesla and Germany’s Volkswagen, which is ramping up production and investments.


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Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go into production in Turkey in 2023 and include fully electric and hybrid variants along with the combustion-engined version.

The vans will be built by Ford Otosan, the No. 2 U.S. automaker’s joint venture in Turkey.


Kimberly Redmond | Equities.com |

Volkswagen AG (OTC US: VWAGY) reportedly plans to cut up to 4,000 jobs at its plants in Germany to help free up funds for developing electric vehicles and other new technologies.

On Sunday, the automaker said it has agreed on a plan with worker representatives to offer early retirement to those born from 1956 to 1960 and make partial retirement available to those born in 1961, 1962 and 1964.

In a statement, the company said of the 11,500 employees who were bo...


Kimberly Redmond | Equities.com |

American Honda Motor Co will start selling two all-electric sport utility vehicles starting with the 2024 model year.

Head of sales Dave Gardner told The Associated Press that the North American subsidiary of the Honda Motor Co Ltd (NYSE: HMC) will introduce one SUV under the Honda nameplate and the other under Acura.


Reuters | Equities.com |

Nissan Motor Co said on Friday it has reached a breakthrough in achieving a 50% thermal efficiency with its in-development e-POWER hybrid technology, which could lead to a further reduction of car CO2 emissions.

This new thermal efficiency level would improve fuel consumption by 25% over the 40% thermal efficiency level in the upcoming e-POWER engine, the company said.


Reuters | Equities.com |

Italian-American carmaker Fiat Chrysler will invest 755 million zlotys ($203.99 million) in its plant in Tychy in Poland, where new hybrid and electric Jeep, Fiat and Alfa Romeo models will be built, Deputy Prime Minister Jaroslaw Gowin said on Tuesday.

The investment comes as a boost to emerging Europe’s largest economy, which is hoping a switch to electric vehicles can help its auto sector catch up with regional rivals including the Czech Republic and Slovakia.