Which plug-in would you rather have?
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The range-extended plug-in hybrid has a lot going for it.
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Lu Guanqiu may not be a household name right now but he could become the next Elon Musk. The Chinese billionaire bought failed automaker Fisker at a bankruptcy auction and promises to challenge Tesla with his latest acquisition.
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Electric vehicles face many hurdles compared to their conventional, internal-combustion-powered counterparts. Consumers are generally unfamiliar with them plus they have range-related issues, but that’s not all; pricing is also a problem for new-vehicle shoppers.
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It’s no secret Fisker Automotive is in trouble. The maker of premium electric cars is clinging to life by its fingernails. One more setback could send them plummeting into the fiery abyss of financial ruin. Still, even if they roll snake eyes the firm’s founder has more than a few thoughts on what future transportation...
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The Chinese are running at redline to develop, improve and promote their domestic automotive industry. Brands like FAW, Chang’an Motors and SAIC may be totally obscure to the typical American car buyer, but they may become household names in just a few years. One company that’s pushing hard is the GAC group.
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