Zoltek (ZOLT) announced after the bell today that they will form a new subsidiary to speed the development of lightweight carbon fiber applications for the auto industry.  No doubt an increasingly important industry as manufacturers look for ways to increase gas mileage to meet federal regulations in the next few years.  More than a dozen existing Zoltek engineers will join two highly regarded experts to lead Zoltek Automotive.  Dave Stewart, founder of Stewart Auto Research, … Read the rest