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Move over Audi, now Chrysler has a beef with Tesla's claims

  • Report
    Move over Audi, now Chrysler has a beef with Tesla's claims
  • Official
    Chevy Spark EV priced at $27,495; will lease for $199/month
  • Official
    Tesla pays back $465M DOE loan, Musk says 'I hope we did you proud'
  • Official
    Audi says 'not so fast,' Tesla lovers, attacks Model S success story *UPDATE
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What $20 million means to both Tesla and Fisker

Posted May 23rd 2013 7:14PM



When is $20 million not equal to $20 million? When, for some, it's an interest payment and, for others, it's all they're worth. Here's how that one number means two totally different things to two different green car companies.

Speaking to Bloomberg Television about the early repayment of Tesla Motors' DOE loan, CEO Elon Musk said today that, "ultimately, the US taxpayer actually made a profit above $20 million on this loan. For this loan at least, people's tax bill actually went slightly down."

Musk said that, now that the loan has been paid back, more people might take a look at Tesla. "We were attacked a lot in certain quarters for having some government debt," he said. "I think that actually matters to some consumers out there, whether or not a company actually does have government debt, and being able to say we fully repaid that debt with interest, I think it is helpful to some number of people out there in thinking about buying a car." So, for Tesla, which recently raised over a billion dollars, $20 million is an easy price to pay to potentially sell more EVs.

Now, let's look at Fisker Automotive, which is still fending off bankruptcy. We learned this week that VL Automotive and Wanxiang made an offer to buy the troubled automaker for an undisclosed sum. Word out today is that the amount that the two companies are willing to pay for Fisker is, you guessed it, $20 million. That's about one percent of Fisker's $2 billion-plus value back when the Karma plug-in hybrid was launched, according to Reuters. It's unclear how a potential Fisker buyer will have to deal with the outstanding DOE loan amount of $171 million and other issues, but the $20-million offer a striking contrasts to Musk's statement on Bloomberg Television, which you can watch in the video below.

News Source: Reuters, Bloomberg Television

Image Credit: Copyright 2013 AOL

Zero gets electric motorcycles ready for police duty in Hong Kong

Posted May 23rd 2013 6:00PM

Zero S electric motorcycle

Zero officially became many as the maker of electric motorcycles had its largest single-fleet sale to the city of Hong Kong.

The company, Zero Motorcycles, is distributing its bikes in eastern Asia through Yuen Ho Trading Co. (you didn't expect the Tesla Motors sales model, did you?) and sold 59 Zero S e-motorcycles to Hong Kong, most of which will be used by the police department. The Hong Kong Agricultural, Fisheries and Conservation Department will also be using some of the really quiet two-wheelers.

The model-year 2012 motorcycles, which have an 89-mile single-charge range and a top speed of 88 miles per hour, "have been up fitted with a series of components developed exclusively for traffic enforcement, "were also retrofitted especially for law-enforcement purposes" but did not disclose the details of the upgrades. We do know that, compared to MY 2012, the 2013 models are about 10 percent faster and have about a 10-percent longer single-charge range. Check out Zero Motorcycles' press release below.

News Source: Zero Motorcycles

RelayRides buys car-sharing competitor Wheelz for keyless technology

Posted May 23rd 2013 4:03PM

RelayRides peer-to-peer car-sharing network

Think of this as a rare occasion where a General Motors collaborator is providing Ford with a little cash. A GM partner, peer-to-peer car-sharing operator RelayRides, is buying competitor Wheelz for an undisclosed amount, GigaOM reports. It's a bit of a stretch, but Ford is connected to Wheelz.

The draw for RelayRides is Wheelz's so-called DriveBox technology, which facilitates car entry without owner and renter having to go through the trouble of swapping keys. An additional wrinkle is that one of the investors of Wheelz, which had tried to corner the car-sharing market at universities, is Fontinalis Partners, an investment vehicle for automaker scion Bill Ford.

In 2011, RelayRides reached an agreement with GM that involved GM car owners with OnStar systems being able to car-share through RelayRides. That collaboration went into effect last summer. More recently, RelayRides caught heat from New York State for what the state government says is false advertising. The issue involves whether car-owners sharing their vehicles through RelayRides are liable for expenses if their cars are wrecked or stolen, or if the cars are covered by insurance.

News Source: GigaOM

Nissan, CarCharging Group collaborate on quick-charger deployment

Posted May 23rd 2013 1:59PM

While Nissan is expanding the single-charge range on its all-electric Leaf, the Japanese automaker is also working on shortening the distance between publicly accessible quick-charging stations.  Nissan is collaborating with CarCharging Group at deploying more quick chargers t

While Nissan is expanding the single-charge range on its all-electric Leaf, the Japanese automaker is also working on shortening the distance between publicly accessible quick-charge stations.

Nissan is collaborating with CarCharging Group to deploy more quick chargers throughout the most Leaf-heavy parts of the country. Specifically, about 48 Nissan-branded quick chargers will soon be offered in California and on the East Coast. Such chargers can provide energy to fill 80 percent of the Leaf's battery capacity in about 30 minutes. CarCharging Group is also developing a mobile app that will give users real-time information on charging-station locations.

Earlier this month, Nissan said it has exceeded 25,000 Leaf sale in the US. Through the first four months of the year, the company more than doubled sales (compared to 2012) to 5,476 vehicles and is coming off two of its best sales months ever for the little EV. Check out Nissan's press release below.
Related Gallery2013 Nissan Leaf
2013 Nissan Leaf 2013 Nissan Leaf 2013 Nissan Leaf 2013 Nissan Leaf 2013 Nissan Leaf 2013 Nissan Leaf 2013 Nissan Leaf 2013 Nissan Leaf

News Source: Nissan via Engadget

Move over Audi, now Chrysler has a beef with Tesla's claims

Posted May 23rd 2013 11:29AM



In the same week that Audi said "not so fast" to some claims from Tesla, Chrysler has responded to a new press release from the California-based EV-maker by saying "not exactly, Tesla." The statement, released through the company's blog, comes in response to Tesla claiming it was "the only American car company to have fully repaid the government." Chrysler notes that it, too, recently paid back Uncle Sam from its 2008 bailout. Similar to Audi's recent press release, which was eventually and mysteriously deleted from the German automaker's site, Chrysler is both right and wrong in its statement.

Tesla specifically said that it had paid back the Department of Energy loans that many automakers received – including Fisker and VPG Autos – while Chrysler's retort argues Tesla is "unmistakably incorrect" since it repaid the government in 2011 a full six years early. Technically, the statements from both automakers are correct, but Tesla's startup loan originated from the DoE, while Chrysler's loan came in bailout form from the Troubled Asset Relief Program (TARP). Further, as The Detroit News notes, Chrysler's loan still cost taxpayers well over a billion dollars after all was said and done – those negative assets tied to "old Chrysler" in the bankruptcy did not require repayment.

News Source: Chrysler Blog, The Detroit News

Image Credit: Copyright 2013 AOL

Volvo S60 F-1 KERS system adds some noise, increases efficiency up to 20%

Posted May 23rd 2013 10:02AM

Volvo's KERS system

You can sign us up for this one. Volvo is testing a prototype S60 sedan equipped with a Formula One-type Kinetic Energy Recovery System (KERS) at its Sweden headquarters and recently took some folks from Green Car Reports for a test drive.

While noting that the KERS' rear-axle mounted flywheel that stores braking energy and transfers it to the drivetrain could be loud, Green Car Reports unmistakably enjoyed the experience of the extra kick the system provided to the car's 2.5-liter turbocharged engine. In short, the S60's KERS system adds 80 horsepower to the car's 254 and, as a result, cut about a second and a half off of the car's usual 0-100 km (62 miles per hour) acceleration time of about seven seconds.

Three years ago, Volvo was awarded a $1 million Swedish government grant to develop such a system and, early on, said KERS could cut fuel use by as much as 20 percent. Volvo said last month that it had a prototype in the works.

News Source: Green Car Reports

Chevy Spark EV priced at $27,495; will lease for $199/month

Posted May 23rd 2013 12:01AM

Chevrolet Spark EV - front three-quarter view

The Nissan Leaf, the Fiat 500e and now the 2014 Chevy Spark EV 1LT. Three different electric hatchbacks that can all be had for the same low lease price: $199 per month. The Spark even has the same appealing $999 down payment as the Fiat (the Leaf's is $1,999) and both require 36-month leases, so the cost of these two city runabouts is identical, at least at the base level. The one potential hiccup: Chevy says it's a "low mileage lease," and you'll pay 25 cents a mile for each mile over 12,000 per year. Considering these are urban-minded vehicles with limited ranges, however, that doesn't seem like as pressing an issue.

If you want to buy a Spark EV outright, General Motors will ask you for $27,495, a figure that will drop to $19,995 for anyone who qualifies for the full $7,500 federal tax credit. That's a good deal for EVs, but the gas-powered Spark starts at just $12,185. Before Fiat announced its low lease deal last month, all GM would say is that the Spark EV would cost somewhere "under $25,000 with tax incentives." Well under, apparently.

The Spark EV goes on sale in California and Oregon in the middle of June. The car is rated at 119 MPGe combined and has a range of 82 miles. When that's not enough, DC quick charging with the SAE combo charger will refill the battery to 80 percent in about 20 minutes (when such DC stations stations become available, since the Spark is not compatible with the already-available CHAdeMO stations).
Related Gallery2014 Chevrolet Spark EV
2014 Chevrolet Spark EV 2014 Chevrolet Spark EV 2014 Chevrolet Spark EV 2014 Chevrolet Spark EV 2014 Chevrolet Spark EV 2014 Chevrolet Spark EV 2014 Chevrolet Spark EV 2014 Chevrolet Spark EV

News Source: General Motors

Infiniti luxury electric sedan needs more wireless charging

Posted May 22nd 2013 6:28PM

Infiniti LE electric car concept - live at New York Auto Show

While we had been told it was coming in 2014, the exact release date of the production version of the Infiniti LE concept might just might hinge on something you can't see and that the Japanese automaker can't control: wireless charging infrastructure. That's the word from Autocar, which talked to Nissan executive vice president Andy Palmer, who admits that wireless charging "is this technology we want to shine a light on, so while there is no world standard on methods, the rollout will be dependent on region." In other words, if you want the latest luxury EV, you'd better hide those wires. They're so gauche.

There's a good chance Infiniti will be the first OEM to sell a production inductive charging vehicle (companies like Mitsubishi and Audi are also working on the technology), which is likely to be a double-edged sword. Yes, it'll have bragging rights, but the wired infrastructure is proving difficult enough to put into place, and having the coolest tech doesn't mean much if you can't put it into use. Thankfully, the LE (or whatever it will be called) is also expected to come with conventional wired charging capabilities. Also, Infiniti is, at this point, trying to get induction charging technology to be open source, which could help a lot of players in the industry.

The LE concept, based on the Nissan Leaf, has the same 24-kWh lithium-ion battery pack but a more powerful 100-kw electric motor good for 134 horsepower and 240 pound-feet of torque.

Tesla pays back $465M DOE loan, Musk says 'I hope we did you proud'

Posted May 22nd 2013 5:43PM

elon musk with tesla model s

We're willing to bet there are bottles of champagne popping all the way from Washington, DC to Palo Alto, CA today with the announcement that Tesla Motors has, as suspected, paid off the entirety of its $465-million Department of Energy loan.

"I hope we did you proud" - Elon Musk

As far back as July 2012, Tesla began talking about paying the US government back early, but it was apparently the tremendous rise in the company's stock value recently that prompted CEO Elon Musk to push for the immediate repayment this week. From a price of $33.87 on January 1, TSLA has climbed to $87.24 today (down a bit from the recent highs of over $92). Last week, Tesla sold enough stock to raise over a billion dollars to repay the Advanced Technology Vehicle Manufacturing (ATVM) loan, with interest. This makes Tesla the first automaker to pay the DOE back, and it did so nine years ahead of schedule. In a prepared statement, Tesla CEO Elon Musk thanked the DOE and Congress and "particularly the American taxpayer from whom these funds originate. I hope we did you proud."

The DOE is certainly proud, issuing a release that said the repayment "shows the strength of energy department's overall loan portfolio." The DOE has come under fire recently for the loan it gave to Fisker Automotive. Two other ATVM recipients, Nissan and Ford, have not yet paid all theit money back, but there are no apparent worries there, either. Energy Secretary Ernest Moniz said in a statement that, "not every investment will succeed" but that the DOE's overall $34-million loan portfolio of more than 30 loans "is delivering big results for the American economy while costing far less than anticipated." Details in the press releases below.

News Source: Tesla Motors, Department of Energy

Image Credit: Robyn Beck/AFP/Getty

VW to retrofit quarter-million TDI diesels with misfueling protection

Posted May 22nd 2013 4:28PM



According to a report from Autoweek, Volkswagen has plans in place to retrofit a quarter of a million 2009-2012 model-year TDI-engined cars with a system that will prevent misfueling with gasoline instead of diesel. In a notice sent out to VW dealers, the company specified that affected models will include the 2009-2012 Jetta and Jetta Sportwagen TDI, as well as 2010-2012 Golf TDI models.

Volkswagen claims that the increased popularity of TDI diesel models has resulted in more incidents of damaging and potentially very costly misfueling mishaps. To address the issue, the company will front the cash for dealers to retrofit a fuel filler neck cap that can recognize the smaller nozzle of a gasoline pump and keep the fuel tank gate closed.

Autoweek also reports that the move might be slightly defensive in nature; VW has blamed misfueling on the wave of high-pressure fuel pump failures that has recently been the subject of an investigation by The National Highway Traffic Safety Administration.

News Source: Autoweek

Image Credit: Copyright 2013 Drew Phillips / AOL

A123 Systems, now B456, wins court approval to exit bankruptcy

Posted May 22nd 2013 2:03PM



It's official: A123 Systems Inc. is passing through its final phase. The bankrupt lithium ion battery maker, now going by the name B456 Systems Inc., has won court approval for its plan to exit bankruptcy that pays off creditors from proceeds gained by selling off virtually all of its assets.

Objections previously made by creditors had been resolved prior to the hearing where US Bankruptcy Judge Kevin Carey approved the company's plan. Creditors had voted "overwhelmingly in favor of the plan," Caroline Reckler, a lawyer for B456 Systems, told the Washington Post.

Now that the plan has been court approved, B456 expects to exit court protection in about three to four weeks. This will complete bankruptcy proceedings started by A123 last October, and which was the source of political jabs by then-presidential candidate Mitt Romney. The Republican candidate had condemned the Obama administration for failed attempts at financially supporting alternative-energy industries.

The A123 name was removed in bankruptcy proceedings, which was required by the court in order to be purchased by Chinese company Wanxiang. The changeover to the B456 corporate identity was made in March as part of a filing with the US Securities and Exchange Commission when the company declared that its old assets were liquidated. The good parts of the old A123 live on under Wanxiang's new A123 Venture Technologies division.

As the recovery plan was being executed, plug-in hybrid carmaker and former partner Fisker Automotive came to a settlement with former A123. Fisker agreed to reduce about $140 million in claims by 89 percent to $15 million.

News Source: The Washington Post

Chevy Volt ad 'Silent Anthem' brings back friendly deer, robot dogs

Posted May 22nd 2013 12:27PM

chevy volt silent anthem ad

With a great soundtrack – Patty Griffin's Heavenly DayChevy is once again using robot dogs and real deer to tell us how eco-friendly the Volt is. The new Volt commercial, called "Silent Anthem," is basically an expanded version of the Volt's snippets from the Find New Roads commercial from February, but this time we see how wind power is the new gasoline (as you can see in the fictional "Instant History" iPad app used in the spot). Nice.

Sure, the ad doesn't really say anything new about the Volt, but it certainly gives off an idealized vibe, and is a far cry from the way most automakers try to sell most of their cars. Just compare this spot (of Nissan's polar bear ad for the Leaf a few years ago) with most of the car-alone-on-the-highway ads that are apparently filmed after the apocalypse. What's the real message here?

You can chime in after watching below.

News Source: Chevy, GM Authority via YouTube

Moto Electra Racing will drive electric motorcycle coast-to-coast in record-setting 3 days

Posted May 22nd 2013 9:54AM

Moto Electra Norton-styled electric motorcycle

Looks like 3rd of June will be a red-letter day for electric motorcycles. Not only are we to have our hearts unbroken by Mission Motors, but it is also the exact same day that another of our two-wheeled favorites will ride into the spotlight. Moto Electra Racing has announced it will begin a journey from coast to coast with its Norton-styled retro-electro machine in a bid to make the record books for the quickest continental crossing by an electric vehicle.

The team will set out from Florida and drive to Santa Monica in about 3 days, with an estimated 20 stops for charging and cat-napping.

Inspired by a film about the first gas-powered automobile cross-country trip in 1903 – a time before gas stations and, for the most part, paved roads – the team plans to set out from the beach in Jacksonville, Florida and quietly hum their way to the Santa Monica Pier in California in about 3 days. That's about 2,500 miles along Interstate 10 at, or slightly below, the 70 mile-per-hour speed limit with an estimated 20 stops for charging and cat-napping.

In the saddle will be team stalwart Thad Wolff. The former AMA Superbike racer has lots of experience with the bike, having raced it in the TTXGP and claiming 2nd place overall in the North American 2011 season. He will be supported by team principal Brian Richardson and a group of students from James Madison University who will bring along a portable generator. The general strategy is to ride for two hours, then charge for one, being careful not to tax the batteries.

The bike itself is one sweet piece of work. Built around the famous Norton featherbed design, it is powered by an air-cooled AC motor and holds a battery pack which, while somewhat old, still holds an amazing 19 or 20 kilowatt-hours of energy (most comercially-available electric motorcycles offer about half that capacity, it's more than the 16.5-kWh in the Chevy Volt). While copies are not yet officially offered for sale, the team hinted in an email that it may be a possibility in the future

You can follow the effort on the Moto Electra Facebook page where it will post plenty of photos and keep fans abreast of its progress. You can read the official press release by simply scrolling below. Godspeed.

News Source: Moto-Electra

NY State puts kibosh on RelayRides car-sharing service

Posted May 22nd 2013 8:01AM



Three-year-old peer-to-peer car rental service Relay Rides has run into a rough ride in New York, accused by the state's Financial Services Department of "repeated false advertising and violations of insurance law."

The two sides present different takes on what's happened – a state official makes it sound like Relay Rides willfully misled consumers when it told them "that they would not be liable for out-of-pocket expenses in the event that their car was stolen or involved in an accident," because the company's insurance isn't approved by New York. Relay Rides, which operates nationwide, has said that it works to make sure it abides by state laws but learned from the Financial Services Department that there was "noncompliance with certain unique aspects of New York insurance law."

While the quarrel is sorted out, Relay Rides has said it will discontinue the service in New York but that any existing reservations will be honored.

News Source: The New York Times

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