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Chevy Malibu Eco hybrid is a tough sell

Most prospective Chevrolet Malibu buyers at Castle Chevrolet in suburban Chicago quickly decide that they don't want to pay nearly $3,000 more for the Eco mild-hybrid version. "For most people, it's hard to justify the extra money based on the extra fuel economy" of a combined 3 mpg more than the base model, says Jeff Tuckman, the dealership's inventory manager. "You've got the base LS model sitting next to it that's just as nice and luxurious." It's a problem flagged by many Chevy dealers.

Drayson Racing and Michelin compete for EV record

Drayson Racing Technologies and Michelin are joining forces to make a run at the FIA World Electric Land Speed Record on Tuesday with the Drayson B12 69/EV prototype. In addition to a record attempt this will be a real-world test for the car, which will also compete in the 2014 FIA Formula E Championship. The car was originally powered by a 5.5-liter biofuel Judd engine, but it has now been converted to full electric drive.

Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.