Doug Pelmear is claiming his '87 Stang is good for 400 HP and a 3 second 0-60 MPH time, all while returning a 110 MPGe figure. MPGe? Yeah, that's miles per gallon equivalent; because he's using E85 ethanol, that figure might be about 80 real miles per gasoline gallon. So, is Doug one of those garage tinkerers who…

Presidential candidate John McCain (R-Old) is expected to unveil a new proposal today offering $300 million in prize money to the first automaker that can demonstrate significant improvements in battery technology. The targets to secure the prize include a 30% cost reduction, along with "substantial improvements" in…

Today in the Javits Center during the 2008 New York Auto Show, X Prize Foundation President Dr. Peter Diamandis, along with New York City Mayor Michael Bloomberg, announced Progressive will be the corporate sponsor of the long stewing Automotive X prize. The Progressive Automotive X Prize will award $10 million to the…