Episode 534 - Honda Drops the Element, BYD Cancels EV for China, U.S. Hybrid Sales Weak

Published: Dec. 6, 2010, 6:17 p.m.

Honda will stop selling the Element in the U.S. because of poor sales. Chinese automaker BYD, which is backed by billionaire investor Warren Buffett, has canceled plans to introduce an electric vehicle in China. Hybrid sales in the American market are down 7.6% this year compared to last year, even though there are more models to choose from. All that and more, plus a look at how Buick is trying to reach new customers.