Volvo has begun production of the new V60 plug-in hybrid -- the world's first diesel plug-in hybrid. Volvo is releasing 1,000 of the cars for model year 2013, and will increase production to 4,000-6,000 cars for model year 2014. The 2014 models will be available in the U.S., but Volvo says they will have a gasoline engine rather than the diesel version.
— NWautos staff
U.S.-Israeli electric-car-charging venture Better Place says investors have pledged $100 million in additional financing. Better Place has spent close to $500 million developing and deploying a battery-swapping network in Israel, its pilot site. Better Place says that the current financing round is designed to advance sales.
— The Associated Press