San Jose, CA (PRWEB) February 17, 2013
Chevy Spark EV Confirmed for Europe Debut
Chevrolet announced this week that its Spark EV will be available in European markets by 2014, and will make its initial appearance on the Continent at the upcoming Geneva Auto Show in March. The car features a 0-to-60 mph time of 8.5 seconds, 400 foot-pounds of torque, and a 130-horsepower electric motor. The company has not yet provided pricing data for the European version of the car, but U.S. models boast an effective price, after federal and state incentives, of approximately $25,000. For the complete story, see:
Russia’s Yo-Mobile Ready by 2015
Yo-Auto, maker of Russia’s first hybrid car, has announced that the vehicle will be available by 2015, which is at least one year later than originally reported. Apparently, a manufacturing snafu caused production schedules to be temporarily postponed, but company officials have said the facility in question will be in full operation by late 2014. The hybrid will eventually be available as a minivan, a hatchback, and coupe. A suburb of St. Petersburg will be the site for the 45,000-unit capacity plant when it opens. The Yo-Mobile has a 250-mile range and a top speed of 80 mph. For the complete story, see:
DOE Says Gas Prices Will Go Up
The U.S. Dept. of Energy announced this week that gasoline prices would likely rise faster than forecasters had predicted for 2013. Rising crude oil prices and key refinery slowdowns are the suspected culprits, as short-term pump prices are set to make their way to $3.55 per gallon. In 2012, the average annual pump price in the U.S. was $3.63. Diesel prices are expected to follow suit, though will not approach last year’s high, at least for the next several months. For the complete story, see:
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