Government invests in fuel efficiency; South Korea to bring electric car to U.S.

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Efficiency funds
The Obama administration recently announced $187 million in funding for nine projects designed to significantly increase fuel efficiency in heavy trucks and passenger vehicles. The nine recipients are expected to create thousands of jobs when the technologies -- such as cleaner diesel engines and aerodynamic cabs -- go into production and assembly.

--Associated Press

CT&T

New player
South Korean electric carmaker CT&T says it will begin producing electric cars in the U.S. this year. The company makes low-speed two-seaters and golf cart-style vehicles as well as the e-ZONE (right), which can reach 65 mph and travel up to 70 miles on an electric charge.

--Associated Press