China's great leap forward into the electric car market

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From New York Times , and
Despite the President's assurances, it is not to hard to imagine that the end of the American auto industry seems near. GM reported this week a 45 percent drop in sales, Ford sales were down 41 percent and Chrysler echoed that sales drop. But China has begun taking a bold step toward what its automakers believe will be the future of cars—the hybrid. Long struggling to catch up with Japan and the U.S. in the gasoline-powered car market, China is now devoting its efforts to electric cars, which is a big step for a country not known for its environmental progressiveness. Keith Bradsher is reporting this story and he joins us now.

For more, read Keith Bradsher's article, China Vies to Be World’s Leader in Electric Carsin today's New York Times.