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Keyword: automakers

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  • Toyota’s new hydrogen-powered car has a record-setting range

    07/01/2015 2:37:08 PM PDT · by SeekAndFind · 32 replies
    Business Insider ^ | 07/01/2015 | Graham Rapier
    Toyota has been very vocal about its lofty plans for the new Mirai. After severing ties with Tesla in 2014, Toyota has shifted its focus toward fuel cells and away from all-electric cars. On Wednesday, Toyota announced that the Mirai had achieved an EPA-estimated range of 312 miles. That’s the longest range of any zero-emission vehicle on the market today, including electric vehicles. “Toyota realized in the early 90’s that electrification was key to the future of the automobile,” said Toyota’s North America CEO Jim Lentz in a statement “Just as the Prius introduced hybrid-electric vehicles to millions of customers...
  • Here’s Why My Dad Will Never Buy Anything But a Lexus Ever Again

    06/24/2015 9:13:16 PM PDT · by nickcarraway · 76 replies
    Jalopnik ^ | 6/24/15 | Doug DeMuro
    So I’m on vacation the other day, and I get a text message from my dad saying that he’s returning to the Lexus dealership service department for the second time in a day. This surprised me. My father would never willingly go to an automobile dealership twice in a single day. The man will sometimes go entire years without setting foot in a car dealer. He is, when it comes to cars, my polar opposite: he doesn’t care. He drives 6,000 miles a year and religiously maintains his vehicles at the dealership, documenting every service, every oil change, every fuel...
  • Toyota: American exec did not intend to break Japan law (Get out of Jail Free card?)

    06/20/2015 4:02:44 PM PDT · by Red in Blue PA · 7 replies
    TOKYO (AP) — Toyota Motor Corp. President Akio Toyoda said Friday he believes an American executive arrested on suspicion of importing a controlled drug into Japan had no intention of breaking the law. Julie Hamp, Toyota's head of public relations and its first senior female executive, was arrested Thursday for allegedly importing the painkiller oxycodone. She was the first foreign Toyota executive to be fully stationed in Japan, and was in the process of moving her belongings from California. At a hastily called news conference Friday, Toyoda bowed and apologized for the troubles set off by the arrest of Hamp,...
  • Tesla leases former Solyndra building in Fremont

    06/11/2015 7:02:15 PM PDT · by NormsRevenge · 12 replies
    SFGate.com ^ | 6/11/15 | David R. Baker
    Fast-growing Tesla Motors has leased a Fremont building once occupied by Solyndra before the solar company’s high-profile implosion, the Silicon Valley Business Times reported Thursday. The 500,000-square-foot facility, at 901 Page Ave., was the last of Solyndra’s former buildings to remain empty. Seagate Technologies snapped up Solyndra’s main factory — built with $528 million in federal loans — in 2012. And earlier this year, SolarCity leased a two-building Solyndra complex at 47700 Kato Rd. Tesla CEO Elon Musk chairs SolarCity’s corporate board.
  • Tesla Motors Inc: Gigafactory To Be A Major Turning Point In Auto Market

    05/26/2015 9:35:12 PM PDT · by ckilmer · 45 replies
    valuewalk ^ | May 26, 2015 08:08:59 PM | Michelle Jones
    Tesla Motors Inc: Gigafactory To Be A Major Turning Point In Auto Market Posted By: Michelle JonesPosted date: May 26, 2015 08:08:59 PMIn: TechnologyNo Comments Tesla Motors Inc (NASDAQ:TSLA) is leading the way in electric vehicle technology, especially in batteries, and this is a good time to be in Tesla’s position. Goldman Sachs Group Inc (NYSE:GS) estimates that “electrified vehicles” will be one-quarter of the car sales in the world in the next ten years. The analysts define “electrified vehicles” as those with an electric powertrain, which include not only EVs but also hybrids and fuel cell vehicles.Tesla is taking one of...
  • United No Longer: Alabama factory votes for fifth time to decertify union

    05/20/2015 2:37:57 PM PDT · by markomalley · 17 replies
    Washington Free Beacon ^ | 5/20/15 | Bill McMorris
    Alabama factory workers voted for the fifth time in two years to break ties with the UAW on Tuesday.Workers at NTN-Bower voted 74-52 to boot the union off the premises of the manufacturer, making it the third time anti-union employees have beaten UAW Local 1990 in the last 18 months.Local 1990 did not respond to request for comment.Union opponents have received legal assistance from the National Right to Work Legal Defense Foundation throughout the process. NRTW spokesman Patrick Semmens said the fifth vote should settle any doubts about the will of the workers.“Once again, employees at the Hamilton NTN-Bower plant...
  • Volvo factory to bring 4,000 jobs to South Carolina

    05/11/2015 7:12:26 PM PDT · by PROCON · 10 replies
    CNN ^ | May 11, 2015 | Ben Rooney
    Another foreign automaker plans to create American jobs by making cars in the United States. Volvo said Monday that it will build a new manufacturing plant in South Carolina. Located in Berkeley County, it is expected to create 2,000 new jobs over the next decade, and up to 4,000 jobs by 2030. Construction will begin later this year and Volvo expects to begin rolling out cars from the factory in 2018. Volvo, which was bought by the Chinese automaker Geely Holding Group in 2010 from Ford Motor (F), makes cars in Sweden, Belgium and China. It first announced plans to...
  • Volvo will build its first US factory in South Carolina

    05/11/2015 8:33:31 AM PDT · by C19fan · 55 replies
    Reuters ^ | May 11, 2015 | Edward Taylor
    Sweden's Volvo has chosen a site in South Carolina for a $500 million investment in its first U.S. plant, it said on Monday, targeting a bigger share of the increasingly competitive North American premium market. Work will begin this year on the factory in Berkeley County, with production due to start in 2018 and quickly reach 100,000 vehicles a year.
  • Ford Sees Growing Demand For Natural Gas Vehicles Like F-150

    05/04/2015 4:17:20 AM PDT · by thackney · 39 replies
    Forbes ^ | 5/04/2015
    Ford Motor Co. says the 2016 F-150 pickup will be available with a 5.0-liter V8 engine that can run on compressed natural gas or propane, part of a growing lineup of CNG vehicles from the Dearborn, Mich.-based automaker. Ford’s commercial vehicle customers, in particular, have been asking for more trucks and vans that can run on compressed natural gas because it lowers their fleet operating costs and reduces greenhouse gas emissions. CNG sells for an average of $2.11 per gallon of gasoline equivalent, as of April 30, 2015, and is as low as $1 in some parts of the country,...
  • Honda says its cars won’t crash after 2040

    04/27/2015 2:54:52 PM PDT · by rickmichaels · 33 replies
    driving.ca ^ | April 27, 2015 | Nick Tragianis
    Taking a page out of Volvo’s playbook, Honda has set a handful of lofty goals for the next 35 years – including eliminating the possibility of its cars crashing. Speaking to Car and Driver last week at the Society of Automotive Engineers World Congress, Honda Americas R&D president Frank Paluch dished detains on a new set of core goals the Japanese automaker hopes to achieve by 2040, but they won’t be happening all at once. The first step in Honda’s goal will come in 2020, where Paluch says Honda vehicles will be connected one another and to infrastructure, lending to...
  • Mercedes-Benz sales up almost 15% in first quarter (Record 1 month sales)

    04/08/2015 8:44:23 AM PDT · by C19fan · 14 replies
    MarketWatch ^ | April 8, 2015 | William Boston
    Mercedes-Benz sold nearly 15% more cars in the first quarter from the same period last year, setting the bar high for rivals Audi and BMW in the race for the top premium brand, amid strong demand for its C-Class sedans, sport-utility vehicles and luxury compact cars. The German the luxury car maker owned by Daimler AG, said on Wednesday that it sold 429,602 cars in the quarter. Mercedes-Benz's sales growth accelerated in March when it sold nearly 16% more vehicles than in the same month last year.
  • Lovefest: Tesla Model S Owners More Likely To Recommend The Brand

    04/05/2015 5:36:33 PM PDT · by LogicDesigner · 152 replies
    FOX News ^ | March 30, 2015 | Bengt Halvorsen
    While Tesla Motors continues to fight it out on a state level with dealership groups—most recently gaining ground in Georgia but getting shut out in West Virginia—one thing is for sure about the automaker's product: The Tesla Model S is, again and by far, the most-loved vehicle in the U.S. The Tesla Model S, according to the market-research firm Strategic Vision, boasts figures of ‘love’ from their overall vehicle experience that handily top those for much-loved sports-car models like the Porsche Boxster and 911. A whopping 92 percent of owners of the Model S summed their experience in the top...
  • Tesla reports 'record' quarter for auto sales

    04/04/2015 9:42:47 AM PDT · by Red Badger · 52 replies
    Phys.Org ^ | 04/04/2015 | Staff
    Electric carmaker Tesla announced Friday it delivered a "record" number of vehicles in the first quarter, as it began more timely reporting of sales figures. The California firm started by tech entrepreneur Elon Musk said it sold 10,030 cars in the first three months of 2015. "This was a new company record for the most cars delivered in a quarter and represents a 55 percent increase over the first quarter last year," the company said in a statement. Going forward, Tesla said it would publish the number of new car deliveries within three days of quarter end. "We have decided...
  • Toyota set to approve Mexico plant within weeks

    03/22/2015 6:16:43 AM PDT · by DeaconBenjamin · 21 replies
    Economic Times ^ | 22 Mar, 2015, 12.00PM IST
    Toyota Motor is finalising plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter. The plant would make the popular Corolla compact sedan and begin production in 2019. Based on recent investments by rivals, including Volkswagen, a new assembly plant would represent an investment of over $1 billion for Toyota. A green light for the plant would signal an end to a 3-year expansion freeze imposed by the Japanese automaker's president Akio Toyoda, who has blamed aggressive expansion a...
  • GM Recalls 64K Chevy Volt Cars Due To Possible Carbon Monoxide Risk

    03/12/2015 6:34:38 PM PDT · by Citizen Zed · 87 replies
    CBS Detroit ^ | 3-12-2015
    General Motors is recalling the extended range electric Chevy Volt because of a possible carbon monoxide risk. When the Volt is in electric mode it’s very quiet so it’s easy for a driver to forget to shut it off and when that happens the battery drains and the gasoline generator starts and if the car is parked in the garage the fumes can get into the house. Two people have been overcome by carbon monoxide after fumes built up in their houses reports WWJ AutoBeat Reporter Jeff Gilbert. The fix will limit the time that a parked Volt can be...
  • Mercedes investing $500 million for new Sprinter plant in SC

    03/10/2015 5:39:56 PM PDT · by nascarnation · 41 replies
    Autoblog ^ | 3/10/2015 | Chris Bruce
    The commercial van segment is exploding in popularity in the US right now with a vast array of recent products from multiple marques, and there's even more on the way from automakers like Hyundai. Mercedes-Benz is trying to grab a bigger share of the expanding market, too, and is launching its smaller Metris here in the fall. Now comes word that Mercedes will construct a $500-million factory in Charleston, SC, that will build the next-gen Sprinter domestically. According to Mercedes, construction of the new plant will begin in 2016, and when complete, the site will cover around 200 acres, including...
  • GM plans $5B stock buyback, averts showdown with hedge funds

    03/09/2015 8:47:14 AM PDT · by Olog-hai · 17 replies
    Associated Press ^ | Mar 9, 2015 11:28 AM EDT | Tom Krisher
    General Motors agreed to buy back $5 billion in stock by the end of next year as part of a plan to return more cash to shareholders. In return, an activist shareholder decided to drop a potentially divisive bid for a seat on the company’s board. The move, announced Monday, is part of a deal with Harry Wilson, a former member of the government task force that restructured GM coming out of its 2009 bankruptcy.Wilson, who represents four hedge funds which own about 2 percent of the company, had previously accused GM of hoarding cash to the detriment of shareholders...
  • Tesla denies reports about gigafactory construction delay

    03/08/2015 11:45:21 AM PDT · by E. Pluribus Unum · 8 replies
    8NewsNow.com ^ | 03/08/2015
    <p>RENO, Nev. (AP) -- Electric-car maker Tesla Motors is denying reports that construction has been delayed on its gigafactory about 15 miles east of Reno.</p> <p>The International Brotherhood of Electrical Workers, in an online job posting, says the project has been delayed.</p>
  • Tesla should stop accepting subsidies says WSJ

    03/01/2015 6:40:39 PM PST · by thackney · 49 replies
    ecomento.com ^ | February 25, 2015 | STEVE HANLEY
    The European edition of The Wall Street Journal has said in an editorial that Tesla Motors should stop accepting federal and state subsidies. “Last year Tesla made a roughly $150 million killing from selling ZEV credits. That’s up from $130 million in 2013, $32 million in 2012, and $3 million in 2011. All told in 2014 Tesla sold about $216 million in credits,” the newspaper said. It goes on to say, Capitalism needs visionaries, but its reputation suffers when companies worth billions soak middle-class taxpayers for profits. Turn off the taxpayer tap, Mr Musk. It would earn you more friends...
  • Apple adds vehicles to its list of company activities in Swiss legal filing

    03/02/2015 4:40:31 PM PST · by Swordmaker · 7 replies
    9 to 5 Mac ^ | March 2, 2015 | Ben Lovejoy
    Apple has officially added vehicles to the corporate documents describing the company’s activities, at least in Switzerland. The company’s lawyers added the following paragraph, reports Swiss site ApfelBlog. Vehicles; Apparatus for locomotion by land, air or water; electronic hardware components for motor vehicles, rail cars and locomotives, ships and aircraft; Anti-theft devices; Theft alarms for vehicles; Bicycles; Golf carts; Wheelchairs; Air pumps; Motorcycles; Aftermarket parts (after-market parts) and accessories for the aforesaid goods. It’s common to add catch-all terminology to company activities, so nothing should be read into the inclusion of ships and aircraft, though we’re sure there will be...
  • Here's everything we know about Project Titan, Apple's rumoured electric car

    03/01/2015 3:58:35 PM PST · by SeekAndFind · 67 replies
    Business Insider ^ | 02/28/2015 | Rob Price
    Just a few weeks ago, the idea that Apple might make a car seemed like an outlandish rumour. Today, it's accepted by many as gospel. Numerous reports have filtered through in recent days, providing more detail on Apple's automotive ambitions. Of course, nothing has been confirmed yet. The Apple Car would be a massive, multi-year undertaking. But here's what we've heard so far: It's called Project Titan. The detail comes via a report from the Wall Street Journal. It's an electric car. This puts the company in competition with Tesla, which develops cutting edge electric-powered vehicles. VC and entrepreneur Jason...
  • Motorcycle maker Yamaha to launch small cars in Europe

    02/27/2015 12:26:57 PM PST · by nascarnation · 71 replies
    Hindustan Times ^ | 2/27/2015 | AFP
    Japanese motorcycle giant Yamaha will join the four-wheel market by launching small cars in Europe as early as 2019 to meet rising demand for energy-efficient vehicles, a company official said Friday. The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor Show. Yamaha is planning to build car plants in Europe to sell them in the region before 2020, the company spokesman said, without elaborating. "As small cars are already prevalent in Europe, our first car launch will be (there)," he said. "But we...
  • If Apple's car business gets as big as Porsche's, guess how much more money Apple will make

    02/17/2015 7:05:29 AM PST · by Lockbox · 94 replies
    Business Insider ^ | Feb. 16, 2015, 9:49 PM | Henry Blodget
    Apple fans are already hyperventilating with excitement about how much money Apple is going to make selling cars. So let's put some numbers around that. What if Apple immediately builds a car business the size of, say, Porsche's? How much more money will Apple make? Well, Apple made about $53 billion of operating profit in the fiscal year ending in September 2014, a spectacular 28% operating profit margin on revenue of $182 billion. Porsche, meanwhile, made about $2.6 billion of operating profit, an impressive (for a carmaker) 20% operating profit margin on revenue of $14.3 billion. So if Apple sprouts...
  • Tesla Model S Battery Life: How Much Range Loss For Electric Car Over Time?

    02/17/2015 7:36:42 AM PST · by LogicDesigner · 71 replies
    Green Car Reports ^ | February 17, 2015 | David Noland
    ... Based on 84 data points from the 85-kWh version of the Model S and six from 60-kWh cars, the study concludes that the Model S will retain about 94 percent of its capacity after 50,000 miles, with losses thereafter shrinking to about 1 percent per 30,000 miles. That means that after 100,000 miles, the typical Model S is projected to retain about 92 percent of its battery capacity and range.
  • The Chevy Volt As A Pickup: Via Motors President Talks Origins Of Plug-in Hybrid Truck

    02/08/2015 1:46:55 PM PST · by LogicDesigner · 114 replies
    Forbes ^ | February 8, 2015 | Brooke Crothers
    Conventional Chevy Silverados being transformed into plug-in hybrid trucks at VIA Motors’ high volume assembly plant.Think of it as a Volt with a flat bed. Via Motors’ “electrified” 4WD Chevy Silverado entered commercial production last month. That’s a first for the company — founded in 2010 — that retrofits GM pickups and vans and turns them into $85,000-plus plug-in hybrids that can also function as roving generators. (More on pricing below.) It’s no coincidence that the concept is similar to the Volt. The chairman of Via Motors is Bob Lutz, father of the Chevy plug-in hybrid. It’s also no coincidence...
  • Contractor: Ford Motor fired me because I oppose gay ‘marriage’

    02/04/2015 12:20:36 PM PST · by wagglebee · 34 replies
    LifeSiteNews ^ | 2/4/15 | Dustin Siggins
    DETROIT, MI, February 4, 2015 (LifeSiteNews.com) -- A former contractor with Ford Motor Company has sued, saying the auto giant and contracting firm RGBSI violated his civil rights when he was fired for his religious opposition to same-sex "marriage."In a complaint filed with the Equal Employment Opportunity Commission and provided to LifeSiteNews, Thomas Banks said that he was fired after commenting on Ford's policy related to same-sex relationships. According to Banks, Ford invited employees to comment on the policy, which Banks -- who was an employee of RGBSI at the time -- did.Within two weeks, Banks had met with a...
  • OUTRAGE ERUPTS OVER ‘THIS LAND IS YOUR LAND’ JEEP SUPER BOWL AD

    02/02/2015 3:10:22 PM PST · by Reverend Saltine · 56 replies
    Breitbart.com ^ | February 2, 2015 | Wynton Hall
    AP A Super Bowl ad for Jeep Renegade SUVs met a heated backlash Sunday night as outraged Americans took to social media to blast the company for flashing scenes of the Great Wall of China and other far-flung places around the globe as “This Land is Your Land” played in the background. “What kind of globalist bullshit is this?” wrote one YouTube commenter. “Who is in the advertising department?” asked another YouTube commenter. “Fire them. This is an American song. AMERICAN
  • George Gibson, chief engineer of the Dodge Dart, dies at 92

    01/23/2015 7:21:39 PM PST · by smokingfrog · 58 replies
    Automotive News ^ | Jack Walsworth
    George Gibson Jr., a former chief engineer for Dodge, died Wednesday in Rochester, Minn. He was 92. As chief engineer, Gibson’s biggest pride of his work was the Dodge Dart. According to his daughter, Lisa Gibson, the Dart was the most hands-on work he did at the company. He admired the functionality of the compact car and was even featured in Dart ads. Given his 6-foot, 190-pound frame, critics couldn’t believe that a man of his size could fit in the car. He proved them wrong with the ad showing him getting in and out of the car. It read,...
  • America’s best-selling cars and trucks are built on lies: The rise of fake engine noise

    01/21/2015 1:07:39 PM PST · by Second Amendment First · 147 replies
    Washington Post ^ | January 21, 2015 | Drew Harwell
    Stomp on the gas in a new Ford Mustang or F-150 and you’ll hear a meaty, throaty rumble — the same style roar that Americans have associated with auto power and performance for decades. It’s a sham. The engine growl in some of America’s best-selling cars and trucks is actually a finely tuned bit of lip-syncing, boosted through special pipes or digitally faked altogether. And it’s driving car enthusiasts insane. Fake engine noise has become one of the auto industry’s dirty little secrets, with automakers from BMW to Volkswagen turning to a sound-boosting bag of tricks. Without them, today’s more...
  • GM shows Bolt electric vehicle concept with 200-mile driving range (from Volt to Bolt)

    01/12/2015 6:23:09 AM PST · by Olog-hai · 117 replies
    Reuters ^ | Mon Jan 12, 2015 8:51am EST | Ben Klayman and Joe White
    General Motors Co on Monday showed its Chevrolet Bolt concept car with an electric driving range of more than 200 miles and a $30,000 price tag, offering a view into where the U.S. automaker is pushing in development of electric vehicles (EV). The all-electric Bolt is a concept car not currently slated for production, but Chief Executive Officer Mary Barra said the company is committed to developing an affordable long-range EV, and GM said they could develop the car in as little as 18 months. “This is a real game changer,” Barra told reporters at the media preview at the...
  • Mercedes to Move U.S. Headquarters From New Jersey to Georgia

    01/06/2015 6:49:55 PM PST · by NowApproachingMidnight · 54 replies
    NYSlimes ^ | 1/6/15 | Patrick McGeehan
    In the latest blow to New Jersey, which is still staggering from the recession, Mercedes-Benz USA said on Tuesday that it would move its headquarters to Georgia from Montvale, N.J.
  • Mercedes Benz USA to move headquarters to Atlanta

    01/06/2015 10:42:33 AM PST · by RoosterRedux · 35 replies
    marketwatch.com ^ | Jeff Bennett
    Mercedes-Benz USA is expected to announce it will move its headquarters to the Atlanta area from New Jersey, ending a more than 40-year connection to the state where it employs about 1,000 people. The announcement could be made as soon as Tuesday, according to two people briefed on the matter. Mercedes-Benz, a division of Daimler AG DAI, +0.70% , has been based in Montvale, N.J., since 1972. Reports of a possible move first surfaced in December.
  • Fiat’s Chrysler Group changes its name to FCA US

    12/16/2014 8:42:02 AM PST · by Olog-hai · 31 replies
    Associated Press ^ | Dec 16, 2014 10:59 AM EST
    Chrysler Group LLC has changed its name to FCA US LLC. The change will be largely unnoticed by consumers, affecting mostly corporate and financial communications. Chrysler-branded cars will continue to bear the Chrysler badge, as those branded Fiat will bear the Fiat badge. …
  • 2015 Aston Martin Vanquish Coupe review notes

    12/10/2014 7:05:12 AM PST · by Citizen Zed · 12 replies
    autoweek ^ | 12-10-2014 | JONATHAN WONG
    I’m still not in love with this transmission. In general, it operates well and shifts quickly, but I had a pretty unsettling moment waiting for the transmission to engage so I could make a left turn in front of some oncoming traffic. Even with the throttle pinned, the trans turned what should have been a leisurely 20-foot trip into a small moment of terror. I actually had time to say, “Oh, come on!” before the car took off, and to be fair, crossed the lane before the oncoming driver even had to think about touching the brakes. As anyone within...
  • James Bond's new Aston Martin DB10 unveiled

    12/06/2014 2:26:08 PM PST · by Perdogg · 27 replies
    For 50 years James Bond's "Q" has retrofitted cars to fit the needs of the fictional British spy. But now Aston Martin says it will design and build a car befitting Mr. Bond's bespoke tastes
  • Opel closes flagship Bochum factory (GM Germany)

    12/05/2014 10:03:29 PM PST · by Olog-hai · 17 replies
    TheLocal.de ^ | 05 Dec 2014 08:56 GMT+01:00 | (DPA/The Local)
    It’s the end of an era as the last car rolls off the production line at Opel’s Bochum factory, making Friday a bitter day for the city and the factory’s 3,000 workers. […] The last vehicle made in Bochum, an Opel Zafira compact van, will not be sold but will be dedicated to social work with details expected to be announced by the company on Friday. Opel, a subsidiary of General Motors, is shutting down its former flagship factory due to overcapacity. In its heyday, the Bochum plant employed 22,000 people. Now, it will only employ 700 to make auto...
  • Ghosn: 'We are getting there' on making Nissan Leaf profitable

    10/03/2014 8:58:04 AM PDT · by LogicDesigner · 33 replies
    autobloggreen ^ | October 2, 2014 | Sebastian Blanco
    "We are getting into positive, which is good for this technology." – Carlos Ghosn After 19 months in a row of record sales in the US, the money picture for the Nissan Leaf is steadily improving. To date (well, until the end of September), Nissan has sold 63,944 Leaf EVs in the US and a total of around 140,000 globally. The company produces the electric vehicle in three countries: Japan, the UK and the US and has sold more standard passenger EVs than any other automaker. Add all that up and you get to an EV that is just about to be profitable. At...
  • Will Nissan Abandon Its $1.4B Stimulus-Backed Battery Factory?

    09/30/2014 11:23:10 AM PDT · by jazusamo · 15 replies
    NLPC ^ | September 30, 2014 | Paul Chesser
    Reuters sources inside Nissan are saying the production of batteries inTennessee for the all-electric Leaf, which stimulus-subsidizing U.S. taxpayers backed with a $1.4 billion loan, could be eliminated. According to the report, at minimum there is sharp debate over whether the company will continue to manufacture electric vehicle batteries in-house or contract with an outside supplier. Nissan partner Renault, which has 43.4 percent shareholder ownership in the joint company, is said to be pushing for outsourcing battery production – possibly to LG Chem. None who revealed the information were identified for the Reuters story. “We set out to be...
  • Ferrari Chairman Luca Cordero di Montezemolo Quits

    09/10/2014 7:54:23 AM PDT · by God luvs America · 22 replies
    WSJ ^ | 9/10/2014 | Eric Sylvers And Joshua Robinson
    MILAN— Luca Cordero di Montezemolo is to quit as chairman of Ferrari after 23 years at the company and just days after his boss said the luxury car brand's Formula One race results over the past six years were unacceptable. Sergio Marchionne, chief executive of Fiat F.MI +1.43% SpA, which owns 90% of Ferrari, will take over from Mr. Montezemolo, whose departure is effective Oct. 13. That is the same day Fiat Chrysler Automobiles, a new company created out of a corporate reorganization, is slated to make its debut on the New York Stock Exchange. Ferrari has long been Fiat's...
  • GM Will Make Cars With Motion Sensors to Keep Your Eyes on the Road

    09/02/2014 10:53:15 AM PDT · by shove_it · 51 replies
    TimeCom ^ | 2 Sep 2014 | Dan Kedmey
    Eye and head tracking sensors will make it harder to text while driving General Motors is reportedly installing sensors in its next generation of cars that will detect drivers’ eye and head motions and alert drivers to prolonged moments of distraction...
  • Washington Tried to Land Massive Tesla Electric Car Factory — Would It Be Worth It?

    08/01/2014 1:35:06 PM PDT · by Robwin · 7 replies
    Newstalk 870 KFLD ^ | July 29, 2014 | John McKay
    The Washington Department of Commerce said it mounted an aggressive effort that included the personal involvement of Inslee. The company would reportedly create 6,000 jobs to build batteries for a projected 500,000 Tesla cars to be built by 2020. Among the reasons given for Tesla’s reluctance to locate here is that we’re not a “right to work state.” Controversial labor issues with Boeing and other companies have scared off some prospective companies. But beyond this grand project are some shady financial issues... This despite Consumer Reports fiascos that occurred in testing some Tesla models – which either caught fire in...
  • Small cars fare poorly in new frontal crash tests, Mini Cooper Countryman gets top rating (Duh?)

    07/30/2014 3:12:02 PM PDT · by AngelesCrestHighway · 21 replies
    Yahoo News ^ | 07/30/2014 | DEE-ANN DURBIN
    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests. The Nissan Leaf, Nissan Juke, Fiat 500L and Mazda5 wagon all fared worst in the tests performed by the Insurance Institute for Highway Safety, an Arlington, Va.-based safety group that's funded by insurers. The Chevrolet Volt, Ford C-Max, Mitsubishi Lancer, Scion FR-S and Subaru BRZ all got the second-highest rating of "acceptable." The Hyundai Veloster and Scion xB were a notch below that, with "marginal" ratings. The small overlap front crash test, introduced in 2012, replicates...
  • GM profits plunge on recall costs

    07/27/2014 5:59:43 AM PDT · by TwelveOfTwenty · 13 replies
    CBS/AP ^ | July 24, 2014, 8:10 AM | Not Stated
    General Motors said Thursday that its second-quarter earnings fell 85 percent, as recall costs chopped $1.5 billion from the bottom line.
  • GM Debt Climbs to Over $40 Billion, Earnings Disappoint

    07/24/2014 8:17:25 AM PDT · by jazusamo · 34 replies
    NLPC ^ | July 24, 2014 | Mark Modica
    General Motors reported earnings today for the 2nd quarter of 2014. The early prognosis is not good with share price falling after the report. While it is difficult for the Mom and Pop investor to sort through GM's myriad of one-time charges, special items and various smoke and mirrors, there are some key take-aways that give a glimpse of GM's financial health. Primarily, debt continues to grow at the company, now exceeding $40 billion while earnings are propped up by special items. Analyzing the levels of cash compared to debt at GM is probably the easiest way to get to...
  • General Motors Issues Six New Recalls Affecting 823,000 Buick, Cadillac, Chevrolet, GMC Vehicles

    07/24/2014 9:11:51 AM PDT · by Zakeet · 18 replies
    Washington Post ^ | July 24, 2014 | Richard Read
    For much of the spring, it seemed as if General Motors issued a new round of recalls every other day, but the automaker has been largely quiet on that front for over three weeks. Could the recall party be coming to an end? Based on a new press release from GM, the answer is probably "no". The release outlines six new recalls, some big, some small. They cover a range of recent models from GM's surviving four nameplates and affect roughly 823,000 vehicles. This brings the total number of vehicles recalled by GM since January 1, 2014 to 28,767,143. Here's...
  • Why Tesla Motors can't sell cars in most of the United States

    07/20/2014 8:07:19 PM PDT · by 2ndDivisionVet · 69 replies
    Engadget ^ | July 17, 2014 | Ben Gilbert
    Tesla Motors makes beautiful, quality electric automobiles. Don't just take it from us; Consumer Reports rated the Tesla Model S the "best overall" car in its 2014 Top Picks report (which includes all non-electric cars as well). Yet, despite Tesla CEO Elon Musk's ongoing effort to expand his EV empire, state after state in the United States is pushing back. Not because those states are against electronic vehicles, Musk or even Tesla; it's about the way Tesla wants to sell its cars. Specifically, it's about money. WHAT TESLA WANTS You know how Apple has stores where it sells its computers,...
  • New Toyota minivan lets parents use built-in microphone to scream at unruly kids in back seats

    07/19/2014 2:42:55 PM PDT · by BenLurkin · 36 replies
    ap ^ | Jul 18, 2014 | Tom Krisher,
    The latest version of the company’s Sienna minivan has a feature called “Driver Easy Speak.” It uses a built-in microphone to amplify a parent’s voice through speakers in the back seats. Toyota says it added Easy Speak “so parents don’t have to shout to passengers in the back.” But chances are many parents will yell into the microphone anyway. And the feature only works one way, so the kids can’t talk back. At least not with amplified voices. The feature is an option on the 2015 Sienna, which is being refreshed with a totally new interior. It also has an...
  • The Feds Just Seized 40 Land Rovers Imported To The U.S.

    07/18/2014 10:22:10 AM PDT · by PoloSec · 85 replies
    Some 40 Land Rover owners across the U.S. woke up Tuesday morning to police and federal investigators knocking on their doors and demanding they hand over their trucks. Officials say it's part of an ongoing criminal investigation into the illegal importation of Land Rovers into this country, Jalopnik has learned. But that will likely come as little consolation to the 40 owners of the Land Rover 90s, 110s and Defenders, many of whom contest what federal authorities claim about the legality of their cars. News of the seizures first appeared on the Land Rover Defender forum Defender Source around 8...
  • BMW's $1 billion plant surfs Mexican investment wave

    07/03/2014 12:59:02 PM PDT · by Moonman62 · 18 replies
    Reuters ^ | 07/03/2014 | Alexandra Alper
    (Reuters) - Luxury car maker BMW (BMWG.DE) revealed a $1 billion Mexican plant investment on Thursday, becoming the latest in a line of major automakers to take advantage of the country's growing industrial base and tariff-free access to the U.S. market. BMW outlined plans to build a factory near San Luis Potosi, central Mexico, in a move that will reduce the German company's dependence on higher-cost plants at home. The plant will begin assembling unspecified models in 2019 with an initial workforce of 1,500 and annual production capacity of 150,000 vehicles, the company said. "Mexico is an ideal location for...
  • Morgan Stanley On Tesla: 'Whoa'

    06/26/2014 2:25:31 PM PDT · by ckilmer · 81 replies
    businessinsider.com ^ | Jun. 17, 2014, 2:04 PM | Rob WileRob Wile
    Morgan Stanley's Adam Jonas is out with an awesome and slightly hilarious note in which he argues Tesla is now, maybe, the most important car company in the world. "Not even two years after the delivery of the first Model S, Tesla Motors has transformed from fledgling start-up to arguably the most important car company in the world. We are not joking."