Another new hybrid partnership

Reports coming out of the Frankfurt Auto Show claim that Audi, VW, and Porsche will partner to develop a new hybrid engine. This follows last week's news that VW was going to work with one of its Chinese partners to develop a new powertrain for hybrid cars. Other than news of the partnership, not much information has been released.

Nonetheless, this is great news. More competition is good for consumers. Additionally, it will require more auto suppliers to work on hybrid vehicle parts, something that is certain to drive down the price of hybrid technology.