The Richest Woman in the World: How Gina Rinehart Earns her Billions
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
Honda Motor Co. (NYSE: HMC) won't be lining up to produce electric-powered automobiles any time soon. That is, the Japanese automaker is running after hydrogen fuel-cell technology instead of battery-powered electric propulsion technology, which is the mainstay of current hybrid vehicles and upcoming all-electric vehicles.
Honda's fuel-cell development chief, Takashi Moriya, said that "Fuel-cell cars will become necessary ... we're positioning it as the ultimate zero-emission car." Why is Honda pursuing fuel-cell technology instead of electric motor technology? Does Honda believe battery technology won't ever satisfy the ever-growing demand for completely gasoline-free engine designs in the next decade? Possibly. Right now, a major drawback to electric vehicles is battery longevity and cost.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
