It’s a sad story, but not a surprising one. Los Angeles-based electric car maker CODA Holdings has filed for Chapter 11 bankruptcy, saying that it hopes to reinvent itself in the energy storage field. “After concluding a comprehensive review of our strategic options, the Board of Directors, management team and senior lending group have concluded… Read more »
Search Results Found For: "DOE "
Mr Fisker goes to Washington
There were few surprises at Thursday’s House hearing on failing carmaker Fisker Automotive. The title of the hearing, Green Energy Oversight: Examining the Department of Energy’s Bad Bet on Fisker Automotive, made it clear up front that Fisker and its DOE champions were in for a roasting. Five witnesses testified, including company co-founder Henrik Fisker,… Read more »
Mitsubishi finds cause of battery fires
Mitsubishi Motors announced the findings of its investigation into the recent fires involving its lithium-ion batteries.
No range anxiety for Tesla’s stockholders
It’s probably not smart to bet against a man who can revolutionize online payments, stare down the mighty New York Times, and send a rocket into space. Tesla Motors shares (Nasdaq:TSLA) hit a record high Tuesday, flirting with $53 a share, then settled back today, to hover around $50 as of this writing. The start-up’s… Read more »
LG Chem says US battery plant will begin production in late 2013
South Korea’s LG Chem plans to start production at its US car battery factory in the second half of this year, two executives told Automotive News. The Holland, Michigan manufacturing plant drew some unpleasant publicity in February, when a DOE investigation found that the production line at the plant was idle, but workers were being… Read more »
VIDEO: Cadillac ELR to introduce Regen on Demand feature
Pressing one of the ELR’s two steering-wheel paddles will engage regeneration, charging the battery and slowing the car down.
Sarah Palin flays Fisker (well, okay) and trashes Tesla (what???)
It’s no surprise that the media has been having a field day with the story of Fisker Automotive’s apparently terminal troubles. “Pissing away taxpayer money on useless boondoggles” was one of the more charitable descriptions of the situation to be found over on the rightward side of the dial. Even more neutral observers noted the… Read more »
Fisker settles with A123 and lays off employees
The tragic milestones are passing one by one for Fisker Automotive, and we fear that the end may be near. Last week, the Wall Street Journal reported that Fisker had hired restructuring lawyers to help it prepare for a possible bankruptcy filing. Now the company has laid off most of its remaining employees –… Read more »
Detroit Electric unveils “world’s fastest” production EV
Fans of electric speed, who were sad to see the Tesla Roadster go out of production, can celebrate today, as Detroit Electric has unveiled the SP:01, a limited-edition, two-seat electric sports car that looks like a worthy successor. The rear-wheel-drive speedster boasts a maximum velocity of 155 mph, and does 0-62 in 3.7 seconds. It… Read more »
New Porsche Panamera PHEV
Porsche is introducing its first plug-in hybrid – the Panamera S E-Hybrid. It’s part of a new generation of Panamera models that will debut at Auto China in Shanghai later this month, and will go on sale late in 2013. The S E-Hybrid improves upon the previous Panamera S Hybrid with a more powerful electric… Read more »