GreenestCars posts

Feed

Detroit is losing the clean tech race

Despite all their talk about ethanol and hydrogen, American car companies are way behind in the race to create reduced emission vehicles.

The American Council for an Energy-Efficient Economy recently released its list of the greenest cars for 2008, and it's dominated by Japanese producers. The list of 12 greenest cars, which is slanted toward hybrids, includes four Hondas (NYSE: HMC) and four Toyotas (NYSE: TM). Ford (NYSE: F) made the list with its Focus hybrid, while General Motors (NYSE: GM) failed to place in the top 12, although its Chevrolet Tahoe hybrid was cited by the group for 'scoring well.'

The good news, if there is any, is that Detroit is not alone in failing to create cleaner cars. The Council also released a Meanest Vehicles for the Environment list which is dominated by German cars, including three Mercedes diesels. But three American vehicles also made the list, including the GMC Yukon and the Hummer H2.

The problem goes way beyond matters of national pride. Green technology is an increasingly important asset for global producers, and it's obvious that Detroit is still far behind in this important area of competition. Worse, it's not clear how serious the Big Three are about catching up. When someone like GM Vice Chairman and noted American car nut Bob Lutz dismisses global warming as a "crock," you have wonder how much effort is going into new technology -- as opposed to simply talking about new technology that is always just around the corner but never on the showroom floor.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 12:30 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329024654257 ms.