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The United States has about 250 million registered vehicles, which adds up to a lot of pollution and burning of fossil fuels. New Energy Technologies, Inc. prefers to look at it another way, however – they see those 250 million vehicles as a potential energy source and have developed a prototype engineered to harness some of the kinetic energy being generated, and wasted, by moving cars and light vehicles.

The company’s MotionPower system is designed to trap small amounts of kinetic energy drivers generate simply by driving over the energy-capturing device. Having successfully engineered and built the first prototype…  Details

Warren Buffett hasn’t just seen the car of the future, he’s sitting in the driver’s seat. Why he’s banking on an obscure Chinese electric car company and a CEO who – no joke – drinks his own battery fluid.

Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. You should invest in a business that even a fool can run, because someday a fool will. And perhaps most famously, Never invest in a business you cannot understand…  Details

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sparrowFRITZ Henderson, the new chief executive of General Motors (GM), says his company has to reinvent itself very quickly. US President Barack Obama exhorts American carmakers to regain the lead and make fuel-efficient vehicles. Washington provides US$2.4 billion to develop advanced electric-powered vehicles and a better battery. And Michigan gives tax incentives of half a billion dollars, including US$200 million for advanced batteries, to invigorate the auto capital.

Will all this spark an auto revolution in the United States? For GM, the situation has to be bittersweet, after stopping production of…  Details

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