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Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Capitol Hill notebook: Obama defends autos, Akerson defends the Chevrolet Volt

Less than 10 hours after President Barack Obama wrapped up his third State of the Union address, manufacturing and automobiles continued to command the spotlight on Wednesday in Washington. The day began with General Motors CEO Dan Akerson defending the Chevrolet Volt before a U.S. House committee hearing, saying he didn't want it to become a "political punching bag," according to testimony provided by the company.

Honda CR-Z Mugen RR – it’s the Japanese version

Honda CR-Z Mugen RR - no power details forthcoming We’ve reported quite a bit on Mugen UK’s efforts to sprinkle fairy dust on the Honda CR-Z Hybrid to turn it in to the sort of hybrid that would appeal to a keen driver. And now it’s the turn of Mugen in Japan who have also built a supposedly one-off CR-Z – the Honda CR-Z Mugen RR. The Euro Mugen CR-Z – which was on show at Goodwood last month – was eventually fettled to deliver 197bhp by bolting on a supercharger.