Volvo AB, a commercial vehicle and boat engine maker not to be confused with Ford's Volvo luxury car unit, said today the Swedish government is subsidizing its hybrid research for buses. The firm did not disclose the subsidy's value, but claimed it was on the verge of reducing bus fuel consumption by up to 35%.
But doesn't virtually every major car and truck maker in the U.S. get subsidies of some kind not only for alternative fuel engine work, but for many other research areas as well? How are subsidies defined anyway? Are tax break included?
