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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

2014 Mitsubishi i-MiEV receives $6,130 price cut

If you thought that pure-electric cars were still too expensive to make sensible alternatives to gas or diesel cars, Mitsubishi is about to deal another blow to that notion. The electric powered i-MiEV is coming back to the U.S. for the 2014 model year, and Mitsubishi has slashed $6,135 dollars off the price.

BMW ActiveHybrid 5: BMW has another crack at Hybrid

BMW ActiveHybrid 5 - arrives in the UK February 2012 BMW’s Hybrid efforts to date haven’t been exactly an unmitigated success, with the BMW ActiveHybrid X6 not even making it to the UK before it was dropped. But now they’re having another crack at eco-cars with the BMW ActiveHybrid 5, a hybrid version of the latest 5-Series. The ActiveHybrid 5 gets a 302bhp twin-turbo six-cylinder in-line petrol – a good start – and throws in to the mix a 53bhp electric motor.