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	<title>Payday Loan and Cash Advance Financial News Blog &#187; auto recovery</title>
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	<description>Money Blog News &#38; Finance Education</description>
	<lastBuildDate>Wed, 17 Mar 2010 23:11:58 +0000</lastBuildDate>
	
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		<title>Bright Automotive to Unveil Hybrid Car</title>
		<link>http://personalmoneystore.com/moneyblog/2009/03/30/bright-automotive-unveil-hybrid-car/</link>
		<comments>http://personalmoneystore.com/moneyblog/2009/03/30/bright-automotive-unveil-hybrid-car/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 22:14:18 +0000</pubDate>
		<dc:creator>Elizabeth Fairchild</dc:creator>
				<category><![CDATA[Companies]]></category>
		<category><![CDATA[Featured News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[appointment]]></category>
		<category><![CDATA[auto industry]]></category>
		<category><![CDATA[auto recovery]]></category>
		<category><![CDATA[Bright Automotive]]></category>
		<category><![CDATA[Edward Montgomery]]></category>
		<category><![CDATA[hybrid car]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[personal loan]]></category>

		<guid isPermaLink="false">http://personalmoneystore.com/moneyblog/?p=26077</guid>
		<description><![CDATA[New vehicle comes out next month
It&#8217;s nearly May, and that means it&#8217;s almost time for Bright Automotive to launch its hybrid electric-fuel vehicle. I haven&#8217;t found a set date, but Bright has been saying for weeks that it will unveil its prototype in May.
Big promises
Bright has said that its vehicle will use only 20 percent [...]]]></description>
			<content:encoded><![CDATA[<h2>New vehicle comes out next month</h2>
<div style="float:right;margin-right:5px;margin-bottom:5px;width: 210px"><img class="size-full wp-image-26086" title="car" src="http://personalmoneystore.com/moneyblog/wp-content/uploads/2009/03/3130684626_5fd782828a1.jpg" alt="Bright Automotive is keeping a tight lid on its hybrid car." width="200" height="150"  style="display:block;float:right;border:none;"/><p class="wp-caption-text">Bright Automotive is keeping a tight lid on its hybrid car.</p></div>
<p>It&#8217;s nearly May, and that means it&#8217;s almost time for Bright Automotive to launch its hybrid electric-fuel vehicle. I haven&#8217;t found a set date, but Bright has been saying for weeks that it will unveil its prototype in May.</p>
<h3>Big promises</h3>
<p>Bright has said that its vehicle will use only 20 percent as much fuel as a traditional vehicle. The start-up company says the car will get 100-miles-per-gallon. But don&#8217;t run out to get your <strong>personal loan</strong> to buy one yet. I haven&#8217;t found a projected price. Also, the vehicle isn&#8217;t scheduled to be available for purchase until  2012.</p>
<h3>Ready, set&#8230;</h3>
<p>The vehicle will debut at the EVS-24 exhibition this year. EVS-24 is May 13-16  on Norway. EVS-24 is a yearly car show that features battery, hybrid and fuel cell electric vehicles. The vehicle is built to run solely on electricity for the first 30 miles of any drive and then convert to a hybrid. It can go about 400 miles at a time.</p>
<h3>More car talk</h3>
<p>While the world of hybrid vehicles appears to be surrounded by hype, the traditional auto industry is not doing so hot. But that is why Obama appointed an Auto Recovery director. The president today appointed Edward Montgomery to the role.</p>
<h3>A big job</h3>
<p>Montgomery is charged with overhauling the system in the auto industry. American auto makers GM and Chrysler are struggling, possibly failing. Obama believes Montgomery is the guy to change that.</p>
<p>&#8220;Together with Labor Secretary Solis and my Auto Task Force, Ed will help provide support to auto workers and their families, and open up opportunity in manufacturing communities. Michigan, Ohio, Indiana, and every other state that relies on the auto industry will have a strong advocate in Ed,&#8221; Obama said.</p>
<h3>Background</h3>
<p>Montgomery is a former Deputy Labor Secretary. Both GM and Chrysler appeared enthusiastic about the move.</p>
<p>“We have significant challenges ahead of us, and a very tight timeline. I am confident that the GM team will succeed, and that a stronger, healthier GM will play an important role in revitalizing America’s economy and re-establishing its technology leadership and energy independence,” said GM CEO Fritz henderson.</p>
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