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 »
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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 »
Plug-in vehicle sales set a new record in March
Please don’t tell any of the mainstream media, but US plug-in vehicle sales reached a new all-time high in March. Interestingly, pure EV sales (4750) outnumbered PHEV sales (3080), which, if its not just a temporary market gyration, would seem to be a reversal of the current conventional wisdom. In first place for March is… Read more »
Fisker furloughs workers
Its production line idle since July, and its search for a suitor seemingly in limbo, Fisker Automotive put its US workforce of about 200 employees on furlough this week to cut costs.
Geely won’t bid for Fisker
China’s Zhejiang Geely Holding Group will not bid for a majority stake in Fisker Automotive, mainly due to the automaker’s obligations to the US government, Reuters reported, citing two confidential sources. Geely, the owner of Volvo, was expected to win the deal for the maker of the Karma, but the Chinese firm doesn’t care for… Read more »