Global auto parts supplier BorgWarner (NYSE:BWA) has agreed to buy motor manufacturer Remy International (NASDAQ: REMY) for about $950 million in cash. The offer of $29.50 a share represents a 44% premium to Remy’s Friday closing price. The deal is expected to close in the fourth quarter of 2015. Both companies have histories in the… Read more »
Search Results Found For: "tesla pickup"
VIA Motors expects to sell 50,000 vehicles per year by 2018
VIA Motors expects to sell 50,000 of its plug-in pickups and vans per year by 2018, Chairman Bob Lutz told Bloomberg this week. For 2015, he said, the company would be happy to sell about 12,000 vehicles. VIA will start selling the pickups to fleet customers in February and to individuals by the end of… Read more »
October plug-in sales: LEAF, Volt still lead, BMW coming up strong
The US auto industry had a good month, as automakers reported their strongest October sales in a decade. Most of the action was in gas-guzzling pickups and SUVs – alas, plug-in sales were down compared to last October, for the first time in 46 months of EV sales. Annual sales are still on track to handily… Read more »
New Report: Aluminum vs steel in battle to meet CAFE standards
Aluminum seems to be in the ascendant these days – Ford will use aluminum for the body of its 2015 F-150 pickup truck, and a recent report from the Aluminum Association predicts that by 2025, three out of four pickups will have all-aluminum bodies. Not so fast, says the industry information service World Steel Dynamics…. Read more »
European EV sales – a very different selection from the US
The US and European auto markets differ in several significant ways, so it’s not surprising that the sales figures for the various plug-in models available look quite different across the water. One of the biggest differences is size. We Americans love our pickups and SUVs, while Europeans love cute little cars that would be laughed… Read more »
BC Hydro pushes for a timely fast charger rollout
BC Hydro is the electricity supplier for about 95 percent of the Canadian province of British Columbia. It’s government-owned and vertically integrated, meaning that the company owns and operates everything from production and transmission to distribution to customers. The company’s 30 hydroelectric facilities meet 78 percent of its electricity requirements, with the balance coming from… Read more »
Alcoa applies for DOE loan to expand aluminum plant
The DOE has proposed lending money to aluminum giant Alcoa to increase production at a Tennessee factory, the first loan to a supplier under the Advanced Technology Vehicles Manufacturing program, which was created by Congress in 2007 but hasn’t approved a loan since 2011. Alcoa spokeswoman Lori Lecker told Automotive News the company has applied… Read more »
OLEV Technologies’ dynamic wireless inductive system charges vehicles while in motion
When one thinks of Nikola Tesla and electric vehicles, the obvious connection points to Elon Musk’s favorite part-time project. However, we also have to give the Serbian inventor proper credit for pioneering technology that eventually may become even more important to EVs than battery breakthroughs. Tesla’s obsession with wireless power transmission defined much of his… Read more »
Bill would pull the plug on Georgia’s EV tax credit
Georgia legislators can’t seem to make up their minds about EVs. Just days after a trio of Republican state legislators introduced a bill that would let Tesla sell up to 1,500 vehicles a year directly to consumers, one of those same lawmakers, Chuck Martin (R-Alpharetta), has proposed to eliminate the state’s $5,000 tax credit for… Read more »
Plug-in fleets: small challenges, huge savings
Four plug-in truck companies talk to fleet managers about electrification opportunities Plug-in vehicles are different. Aside from the obvious changes in technology, they present a different financial model for corporate number crunchers. This means some challenges for those pitching EVs and PHEVs to fleet operators. Fortunately for the EV industry and the fleets of the… Read more »