Wee Lam Tay's Profile

a pneumatic hybrid
system

a pneumatic hybrid system

it will stop making mild hybrid versions of the Chevrolet Malibu and Saturn Aura
in the United States

The elimination of its current mild hybrid technology is one more sign that the
company is cutting back on programs and technologies that are expensive and
unsuccessful—in the same way that it’s reducing unprofitable brands and
dealerships.

Mitsubishi's i-MiEV costs 4.59 million yen ($47,560), more than twice as much as
Toyota Motor Corp.'s new Prius, which is just over two million yen, or Honda
Motor Co.'s Insight, which starts at 1.89 million yen, the cheapest hybrid on
the market.

i-MiEV buyers can receive hefty subsidies and pay no tax under a government
program promoting the use of ecological vehicles. With the help of government
subsidies, the i-MiEV costs 3.209 million yen, down 43 per cent from the
original price. The vehicle is also tax-free for three years.