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Honda Facing Quandary Selling More Fit EVs for Lower Price

2013-06-24 22:39:45| AutomotiveDigest.com - Automotive Industry News

Honda was very disappointed with sales figures for its Fit EV electric car as of May, only 176 of its initial 1,100 unit target for leases of the car had been hit. Honda entered the price war for plug-in electric vehicles started earlier in the year with Nissan cutting the price of its Leaf electric car, and incentives and lease deals that were coming to market. Another problem: Hondas non-plug in traditional Fit, that gets 30 miles per gallon and costs half as much as the Fit EV. So Honda cut the lease price from $389 a month down to $259 a month with no down payment and unlimited mileage. Government policies, like in California, requiring minimum numbers of plug-in vehicle sales is inherently risky strategy, says Edward Cohen, Hondas vice president for government and industry affairs. Read more about how automakers are competing to move up EV sales numbers and the impact its having on the market. The Article Honda Facing Quandary Selling More Fit EVs for Lower Price appeared first on Automotive Digest.

Tags: price lower fit selling

World facing "climate bomb" of super-greenhouse gases

2013-06-24 12:14:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: A "climate bomb" of potent greenhouse gases is set to be released after leading carbon trading markets banned generators from raising credits by destroying the chemical. That is the stark warning from a new report by the Environmental Investigation Agency (EIA), which claims producers in China and India are threatening to vent vast amounts of hydroflourocarbon-23 (HFC-23) amidst accusations that a ban on trading the carbon credits issued for incinerating the gas means it is no longer financially...

Tags: world facing climate bomb

Grim day arrives for those facing school layoffs

2013-06-24 10:31:57| Electronics - Topix.net

When Natalie Hawtin arrived in Philadelphia from Michigan with her teaching degree in 2010, she dropped by a school in Center City and was captivated by the students and staff.

Tags: day school facing arrives

Man Facing Federal Charges After Bomb Scare Was Part Of Church Group

2013-06-18 01:18:01| Airlines - Topix.net

A man who was part of a church group is facing federal charges of false information and threats after expressing concern about a bomb on a Frontier Airlines flight on Friday.

Tags: part group man federal