The U.S. government has approved China's largest auto parts maker Wanxiang's plans to buy A123 systems. The result might be a huge loss of jobs in America.

Makers of hybrid and electric cars are increasing their offerings in 2013 despite a somewhat disappointing roll-out of vehicles like the Nissan Leaf and Chevy Volt.

Several new electric and hybrid cars were introduced at the Los Angeles Auto Show, but high prices are expected to keep alternative-fuel vehicles a small part of the market. Ford's shot at efficiency: a three-cylinder Fiesta.

Mitt Romney claims battery maker A123's bankruptcy is another example of Obama's bad record of picking winners, but has the administration really performed as poorly as the GOP says?