As if the U.S. auto industry doesn’t already have enough problems, it looks like domestic automakers will have another competitor to deal with – China. A New York Times article said today the Chinese government has hatched a plan to be a leading producer of hybrid and all-electric vehicles over the...

Last week, President Barack Obama announced the availability of $2.4 billion to provide much-needed funding to produce next-generation hybrid-electric vehicles and the advanced battery components used in them. Under the measure, the Department of Energy will offer $1.5 billion in grants to U.S. companies to produce...