U.S. Markets close in 2 hrs 23 mins

China shifts gears towards gas and diesel vehicles

China’s ministry is figuring out a deadline to phase out traditional gas powered cars and trucks. No word on when the target date may be but the country is asking manufacturers to accelerate the development of electric cars. Yahoo Finance’s Alexis Christoforous, Melody Hahm and Myles Udland discuss the impact this will have on the automotive industry.