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Mazda Focusing on Green Cars

Mazda Motor Corp is ready to pump a huge load of money into their R&D funding - the Japanese auto maker wants to becoming a largely hybrid / green car maker by 2015. This will raise their ratio from above 20% in 2010 to about 40% by 2015.

According to news reporting agency Reuters: "In the current fiscal year, the carmaker earmarked 100 billion yen for group R&D spending, up 15 billion yen from fiscal 2009, of which slightly more than 20 percent will go toward developing green cars, the paper said."

"Mazda is expected to spend an average of…