Big Incentive for Fuel-Efficient Vehicle

The X Prize Foundation, best known for its competitions promoting space flights, is offering $10 million to the teams that can produce the most production-ready vehicles that get 100 miles per gallon or more. The foundation was to announce the size of the purse and its sponsor, Progressive Casualty Insurance Co., on Thursday at the New York International Auto Show. More than 60 teams from nine countries have signed up for the competition so far, including California electric car-makers Aptera Motors and Tesla Motors, German diesel car-maker Loremo and a team from Cornell University. [Chicago Tribune (online), 20 Mar 2008 ] Read more