Toyota lawsuit charges the automaker with buying up defective cars in exchange for confidentiality agreements. Toyota denies the allegations.
Setting off speculation that China is manipulating exports to punish certain trade partners, Beijing announced in July it was slashing its six-month export quota of so-called 'rare earths' by 72 percent. Speculation continued this week with reports of an expanding embargo of the minerals. But the so-called "rare earths" are neither rare nor does China have a lock on them. Although China produces 97 percent of the world's rare earths, it contains only 30 percent of the world's supply. The United States, Russia, and Australia all have significant reserves of the 17 elements essential in semiconducters, lasers, and other high-tech gadgets. While mining them has proved uneconomical at usual world prices and environmentally harmful, that may be changing. Click through the following slides to read how rare earths are important to your daily life.
Hybrid cars are finally on track in the US as automakers reach for new refinement on electrics.
America and other countries rely on China's cheap exports of raw materials and finished goods. China just choked off Japan's access to raw materials. What will it do next?
Fuel-efficient cars carry verdant pros, and pricey cons.
Meghan McCain calls Sarah Palin a 'time bomb,' pokes fun at Mitt Romney, and details campaign misbehavior in her new book, 'Dirty Sexy Politics.'
News reports suggest that some GM dealers might sell the all-electric Chevrolet Volt for $20,000 over the $41,000 suggested retail price. If you want to be green – but don't have THAT much green – here are five hybrids that will be a bit easier on the wallet, according to HybridCars.com.
Toyota reported a quarterly profit of $2.2 billion. Toyota, which makes the Camry sedan and Prius hybrid, raised its full year earnings forecast Wednesday, and said it now expects to sell 7.38 million vehicles worldwide for the year through March 2011.