Honda finds way to make ethanol from inedible plants
Honda, which is one of the first automakers to sell hybrid autos powered by a combination of gasoline and electricity, plans to introduce vehicles that run on ethanol in Brazil this year, followed by Toyota in 2007. Honda, based in Tokyo, has been selling motorcycles and vehicles in Brazil that run on 20-25% ethanol. Japanese automakers are set to accelerate their push into ethanol-powered vehicles as gasoline prices in the US have been hovering at about $3 a gallon, according to AAA, a US drivers' group. They are following General Motors Corp. and Ford Motor Co. GM and Ford are also expanding the number of vehicles they sell in the US capable of running on E85, a fuel that's 85% ethanol and 15% gasoline. GM estimates there are currently 4 million vehicles in the US that can run on the ethanol-based fuel. Ethanol can be made from corn and other crops. GM, Ford and DaimlerChrysler AG's Chrysler plan to double production of vehicles that run on ethanol and other renewable fuels to at least 2 million annually by 2010. (Bloomberg)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.