Quite possibly the coolest car company in North America--sports-car start-up Lightning Hybrids--got a big boost from the Loveland city council this week: The company will receive $100,000 to help create 300 jobs by 2013, and the jobs will pay between $48,000 and $65,000 a year, higher than average for Larimer County. The Loveland-based company aims to manufacture 6,000 cars annually by 2013, according to the Northern Colorado Business Report. The incentive, meant to help the city during recession, provides $50,000 up front and the other $50,000 so long as the company is able to show it is making progress, reports the Loveland Reporter-Herald. Recently, Wired's Autopia featured a car, which debuted at this year's Denver Auto Show, with Corvette-like curves that can get up to 100 miles per gallon and still do zero to 60 in under six seconds. Lightning Hybrids should find a decent customer base in Denver, where traffic is among the worst in the nation--13th in 2009--according to a Texas Transportation Institute report (via 9News).



It is a good movement that
It is a good movement that they have came up with. While manufacturing cars that are fuel efficient without removing the speed element, they have also created more jobs for the people around them. We are able to see that there are many parties who benefit from it and not only the car manufacturer that benefits through their profits and revenue.