Free Republic

The U.S. government has sold another chunk of its stake in General Motors Co., the Associated Press reported. The Treasury Department said in its February report to Congress that it sold $489.9 million worth of GM common stock last month. The report said the government has recovered about $29.8 billion of its $49.5 billion bailout of the Detroit automaker. That means the government has yet to recover $19.7 billion of its investment in the automaker, AP said. That means it still owns about 277 million shares. Those would have to sell for around $71 each for the government to break...

With Michigan governor Rick Snyder’s appointment of a financial manager in Detroit, the working class in the city is about to be subjected to a financial dictatorship modeled on the savage wage and benefit cuts imposed by the Obama administration during its forced bankruptcy and restructuring of General Motors and Chrysler in 2009. Like the auto workers, the city’s public sector workers and residents will be forced to sacrifice their jobs, pensions and the needs of their families to pay for a financial crisis they did not create. The script is the same. According to the politicians from both big...

European bulls lauding the message "the worst is behind" received another dose of reality today. Data shows German car sales plunge as Europe's auto crisis deepens. New car sales in Germany fell by more than 10 percent year-on-year in February, signaling the crisis for Europe's auto makers is deepening as recession-hit consumers curb spending. New car sales in the region dropped to a 17-year low in 2012. Speaking ahead of the industry meeting in Geneva, the sales chief of General Motors' (GM.N) Opel brand said car sales for the whole of Europe might fall by as much as 10 percent...

You may have heard recently about an article written by John Broder from The New York Times that makes numerous claims about the performance of the Model S. We are upset by this article because it does not factually represent Tesla technology, which is designed and tested to operate well in both hot and cold climates. Indeed, our highest per capita sales are in Norway, where customers drive our cars during Arctic winters in permanent midnight, and in Switzerland, high among the snowy Alps. About half of all Tesla Roadster and Model S customers drive in temperatures well below freezing...

Interesting news for auto-watchers: Berkshire Hathaway (NYSE: BRK-A), the savvy conglomerate controlled by the great Warren Buffett, disclosed in an SEC filing on Thursday that it had bought 10 million shares of General Motors (NYSE: GM). That comes on top of another 15 million shares of GM Berkshire bought earlier in 2012, bringing the total value of the company's investment in the General to nearly $700 million as of Thursday's close. That's not chump change, even by Buffett's standards. What might Berkshire be thinking? Is GM a value stock? The obvious guess for anyone who knows anything about Buffett's career...

Washington — Having established a fast-charging foothold in California for its electric cars, Tesla Motors has brought its formula east, opening two ultrafast charging stations in December that would, in theory, allow a speedy electric-car road trip between here and Boston. But as I discovered on a recent test drive of the company’s high-performance Model S sedan, theory can be trumped by reality, especially when Northeast temperatures plunge

By the end of his brilliant and tortured life, the Serbian physicist, engineer and inventor Nikola Tesla was penniless and living in a small New York City hotel room. He spent days in a park surrounded by the creatures that mattered most to him—pigeons—and his sleepless nights working over mathematical equations and scientific problems in his head. That habit would confound scientists and scholars for decades after he died, in 1943. His inventions were designed and perfected in his imagination. Tesla believed his mind to be without equal, and he wasn’t above chiding his contemporaries, such as Thomas Edison, who...

According to Toyota Vice Chairman Takeshi Uchiyamada, "Because of its shortcomings - driving range, cost and recharging time - the electric vehicle is not a viable replacement for most conventional cars; we need something entirely new." Uchiyamada is considered the "father of the Prius." An article by Reuter's exposes the limitations of EVs and focuses on Toyota's, along with Nissan's, change in strategy, which is now moving away from EVs. Even the most ideological and extreme green energy proponents and backers of the Chevy Volt will have to open their eyes to the sad truth uncovered by the latest report....

Big Milestone Tesla keeps proving the skeptics wrong. For years we've heard all kinds of arguments explaining why they couldn't possibly succeed, and why they wouldn't deliver what they promised, how the auto industry was too hard to break into, etc. From the first promo pics of the Tesla Roadster in July 2006 to now, every time Tesla hits a new milestone, the naysayers go something like: "Well, they did this thing, but they won't get to this next thing." So I'll be curious to see what they'll come up with now that its been revealed that Tesla's factory has...

Hybrid car pioneer and “father of the Prius” Takeshi Uchiyamada says the billions poured into developing battery electric vehicles have ultimately been in vain. "Because of its shortcomings--driving range, cost and recharging time--the electric vehicle is not a viable replacement for most conventional cars," said Uchiyamada. "We need something entirely new." Uchiyamada’s comments come as the U.S. Department of Energy announced Thursday that the government is backing off President Barack Obama’s promise to put one million electric cars on American roads by 2015. As Breitbart News reported last September, there are just 30,000 electric cars on American roads.

Japan is backtracking on battery electric-car development, as even Nissan’s vice chairman, the so-called “father of the Prius,” announced plans to copy Toyota and pursue fuel-cell cars that convert hydrogen to electricity. “Because of its shortcomings — driving range, cost and recharging time — the electric vehicle is not a viable replacement for most conventional cars,” said Nissan’s vice chairman, Takeshi Uchiyamada,..

The technology needed for driverless cars is here and could be ready for the market in less than a decade. Automation holds the promise of revolutionizing the automobile industry and making our streets safer, but will it spell the end of Fahrvergnügen? … Self-driving cars, long dismissed as a utopian pipe dream, are rapidly reaching the stage where they will be ready for the market. “We’re not talking about 20 years here, but more like five,” says Sebastian Thrun, initiator and director of Google's project. … No other invention in the history of civilian technology has caused as much harm...

Government Motors determines a way to reduce the inventory backlog of Chevy Volts.

Audi’s automatic driving for parking Audi’s automatic parking systems operate by means of either ultrasound or cameras, which display images via the onboard monitor. One particularly convenient solution is park assist. When backing into a parking space, it performs all the necessary steering movements; it can handle both parallel parking and parking perpendicular to the street. The system finds a parking space with ultrasound sensors that scan the roadside in two dimensions while driving at moderate speed. The system notifies the driver via a message in the display once the sensors have found a space which is large enough. If...

•Peugeot Citroen invents technology for air car ready for the market by 2016 •'Hybrid Air' engine system runs on petrol and air, instead of electricity •Company predicts 'Hybrid Air' to achieve 117 miles per gallon by 2020 French car giant PSA Peugeot Citroen believes it can put an air- powered vehicle on the road by 2016. Its scientists say it will knock 45 per cent off fuel bills for an average motorist. And when driving in towns and cities costs could be slashed by as much as 80 per cent because the car will be running on air for four-fifths...

The Ford Motor Company has been forced to recall over 70,000 Ford Escapes and nearly 16,000 2013 Ford Fusions due to an issue with overheating that may cause the cars’ engines to catch on fire. The recall is only for select models that were sold in Canada and the United States. This comes after several other recalls Ford has had in the recent past. The recall is for Fusion SEL and SE models with the 1.6 liter engine, and the Escape SEL and SE models. Other Fusions and Escapes aren’t included. This is due to drivers reporting that their engines...

General Motors' Chevrolet Volt plug-in hybrid car topped Consumer Reports' annual owner-satisfaction survey for the second straight year. Ninety-two percent of Volt owners surveyed by the influential consumer magazine said they would definitely buy the Volt again, earning the electric car the top ranking. Last year, 93 percent of respondents said they would buy the car again. "The Volt's two-year reign at the top of our satisfaction survey points to the continuing trend of owners' enthusiasm for cars that are fuel-efficient, especially as we see more and more hybrid and electric models hitting the market," Consumer Reports' auto editor, Rik...

DETROIT (AP) -- General Motors is giving its Chevrolet Spark a jolt of electricity. An all-electric version of the mini-car will debut this week at the Los Angeles Auto Show. It goes on sale this summer in California, Oregon, Canada and South Korea, where it's made. Other markets will follow. Unlike the Chevrolet Volt sedan, which can run in all-electric mode but also has a backup gas engine, the Spark EV is a pure electric. GM won't say how far the car will go on a charge, but says it will be a top performer among the small number of...

Hurricane Sandy damaged at least 15,000 new cars parked at a New Jersey port, including 320 Karmas, the luxury plug-in hybrid electric vehicle by Fisker Automotive. The loss might not sound like much. Nissan, for example, estimates more than 6,000 of its cars and light trucks are will have to be scrapped. And the superstorm may have damaged as many as 200,000 vehicles, including used autos and those of individual owners, National Automobile Dealers Association Senior Analyst Larry Dixon told Bloomberg

Approximately 16 of the $100,000+ Fisker Karma extended-range luxury hybrids were parked in Port Newark, New Jersey last night when water from Hurricane Sandy’s storm surge apparently breached the port and submerged the vehicles. As Jalopnik has exclusively learned, the cars then caught fire and burned to the ground. Our source tells us they were “first submerged in a storm surge and then caught fire, exploded.” This wouldn’t be the first time the vehicles, which use a small gasoline engine to charge batteries that provide energy to two electric motors, had an issue with sudden combustion. The vehicle, despite only...