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Some hybrids are not a green as they seem, interest group says

Car buyers who think they are helping the planet by choosing a hybrid vehicle to aid in cutting emissions don't always get the biggest bang for their buck, according to an environmental interest group. A report from the Union of Concerned Scientists shows that some hybrids come at a much higher price tag than their similarly equipped, conventional-powertrain counterparts, yet offer little in the way of environmental gain. These not-so-green hybrids compromise their value or eco-friendliness in a variety of ways.

Crunch watch Mar 09: the auto industry in crisis

By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.

Hennessey Venom GT hits 265.7 mph

Making a car go fast isn't rocket science: You add power and subtract weight. So if money were no object, you might take one of the lightest cars you could find and shove in one of the most powerful production engines on the planet. The result might look a lot like the Hennessey Venom GT.