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Ownership costs of traditional versus alternative fuel vehicles

As gas prices remain high, and an increasing number of automakers roll out plug-in hybrid cars and full-electric vehicles, it's becoming easier to be tantalized with the idea of driving right past the gas station and simply "plugging in." The debate ensues when it comes to cost: These alternative fuel vehicles mean a larger outlay of cash at the onset, but the long-term fuel savings could make the purchase worthwhile. To help straighten out this numbers game, we use the Department of Energy's Vehicle Cost Calculator to compare alternative fuel vehicles with their gasoline-only counterparts. For each scenario, we assumed that our hypothetical owner was able to get the full $7,500 federal tax credit and a $2,500 state tax credit, such as is available in California.

Dan Darancou appointed Chief Designer at CH-Auto

Former GM design manager Dan Darancou has become Chief Designer at CH-Auto, a major Chinese car design studio that supports numerous domestic car manufacturers as well as international car companies looking to sell vehicles in the burgeoning automotive market. Darancou, who started his new role on November 1, will be overseeing all design activities as well as facilitating the liaison between the styling and engineering departments so the company can deliver complete ready-for-production vehicles and services. As well as tackling these initiatives, Darancou will also be promoting the organization, furthering the company's goal to become the premier car design studio in China.

SMS Supercars releases illustrations, pricing for go-fast Mustangs

SMS Supercars released illustrations this week of its new performance Mustang, which will start at $64,990 for the coupe. SMS is Steve Saleen's new venture, and it is planning two main versions based on the 2010 'Stang. A 470-hp model, the SMS 460, is the “base” car, and a convertible version is $69,990.