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VW Showing Tech Prowess with Pikes Peak EV Racer

Maker wants battery-electric supercar to break the record.

by on Apr.23, 2018

The Volkswagen I.D. R Pikes Peak is ready to make an attempt to break the EV speed record for the Pikes Peak race in June.

Volkswagen has been pushing to be seen as a leader, maybe THE leader, in the electric car arena and its newest introduction, the I.D. R Pikes Peak, may help cement that position.

The company’s first fully electric supercar was unveiled in Alès, France, and will compete in the Pikes Peak International Hill climb in Colorado Springs, Colorado, on June 24, with only one goal: beating the existing electric car record of 8:57.118 minutes in the annual “Race to the Clouds.”

Electrifying!

This battery-electric supercar certain has the specs to make one thing that the record is in jeopardy. I.D. R Pikes Peak weighs less than 2,500 lbs and produces 680 horsepower and 479 lb-ft of torque, giving it a 0-60 mph time of 2.25 seconds, which is faster than Formula 1 and Formula E cars. (more…)

EV Investment Booms in Last Two Years, Report Says

Europe leading the way in number of projects on the board.

by on Apr.16, 2018

The Vizzion Concept is set to become the fourth model in the new Volkswagen I.D.EV-based sub-brand.

Automakers have accelerated investment in electric vehicles, according to a new report from BMI, the London-based research arm of the investment rating firm, the Fitch Group.

The public relations crisis around diesel engines, the attractive image of pure EV brands and the growth of the demand for pure EVs in China and Europe have helped push the investment in electric vehicles, the report said.

Industry News!

The figures compiled by BMI also show that electric vehicles account for a significant share of total investment within the auto industry.  (more…)

Volvo Hitting Sweden’s Streets With New EV Truck

New truck will make it possible to meet tougher city emissions rules.

by on Apr.13, 2018

The new Volvo FL Electric truck begins work on the streets of Gothenburg, Sweden.

Move over Tesla, Freightliner, Cummins and, well, add one more new battery-electric truck to the growing field of competitors: Volvo’s new FL Electric.

The company’s new 16-ton truck is designed to function in an urban environment, acting primarily as a delivery truck. This will become more important as the number of cities banning diesel engines from city centers continues to increase, now there will be an option to get goods into urban areas.

Industry News!

“We’re immensely proud to present the first in a range of fully electrically-powered Volvo trucks ready for regular traffic,” said Claes Nilsson, president, Volvo Trucks. (more…)

Tesla Faces a Stock Market Freefall Over Growing Model 3, Crash and Cash Flow Concerns

“Reality is setting in,” as shares fall by a third from 52-week high.

by on Mar.29, 2018

Tesla CEO Musk has repeatedly been caught missing production targets on vehicles like the Model 3.

Tesla stock is getting pummeled by investors over growing concerns about the company’s cash coffers, a crash that is raising serious concerns about its vaunted Autopilot technology, and the ongoing “manufacturing hell” at the automaker’s assembly plant in Fremont, California.

TSLA shares briefly crashed through their 52-week low Thursday morning before staging a modest rebound. But the once high-flying stock has clearly been wounded and is now running about a third below its 52-week high.

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“Reality is setting in,” said Joe Phillippi, head of AutoTrends Consulting, and a long-time Wall Street automotive analyst. Investors, he said, “were banking on increased earnings…once they got their manufacturing system fixed. It was going to be a no-brainer.”

(more…)

California Gives SF Motors Approval for Autonomous Car Testing

New Chinese automaker approved for testing.

by on Mar.05, 2018

SF Motors is moving ahead to the on-road testing phase of its vehicles in California.

The number of vehicles in California with people actually driving may soon be outnumbered those with humans sitting behind the wheel in the event an emergency as another company, SF Motors, announced it has begun autonomous vehicle testing in the Golden State.

The company, which received approval from the California DMW to begin the testing in December, is now testing vehicles on public roads. The company joins several others, including Tesla and Waymo, that can run vehicles around the streets of California.

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“On the heels of receiving our autonomous vehicle test permit in California, we believe this is the ideal time to begin putting our research to the test as we prepare to unveil our intelligent electric vehicles equipped with advanced autonomous and connectivity systems,” said John Zhang, CEO of SF Motors. (more…)

Porsche Exec Walks Back “No More Diesel” Declaration

Future diesel offering likely to be Europe only.

by on Feb.27, 2018

The third-generation 2018 Porsche Cayenne will be getting a diesel engine after all ... in Europe only.

Not so fast.

Not words usually applied to Porsche, but in the case of the company’s recent proclamation that it was getting out of the diesel business, the phrase fits as one of Porsche’s senior executives walked back the idea.

Product News!

Apparently, the company plans to launch a new Cayenne this year with a diesel and the Macan getting one is still a possibility. (more…)

Armormax Tesla: Faster Than a Speeding Bullet, Can Stop One Too!

International Armoring Co. produces world's fastest bulletproof car.

by on Feb.26, 2018

The Armormax Tesla Model S P100D is bulletproof, but by adding just 550 pounds, it allows the vehicle to perform normally.

Tesla founder and CEO Elon Musk may or may not have hinted around that the Model S P100D is faster than a speeding bullet, but now thanks to International Armoring Corp., it doesn’t have to outrun the slug, it can stop it.

International Armoring and several other companies have been taking high-priced luxury vehicles, such as Mercedes-Benzes, BMWs, Cadillacs and more, for the well-heeled who have security concerns and adding ballistic protection and other security technologies for decades.

Product News!

So it was only a matter of time before a Tesla found its way into the Ogden, Utah-based company’s hands. It has been armoring vehicles for 25 years. (more…)

Porsche Makes It Official: Diesels are Done

Maker's been slowly cutting diesels from line-up.

by on Feb.20, 2018

Porsche's new Mission E performance electric vehicle is set provide some stiff competition for the Tesla Model S P100D.

Not that it didn’t seem official before, but Porsche is getting out of the diesel engine business in favor of battery-electric powertrains. This will make Porsche the first German automaker to dump diesels entirely.

The company, which is owned by Volkswagen AG, has been slowly divesting its line-up of diesel powerplants for the last couple of years. This was highlighted by the lack of a diesel for the next-gen Cayenne when it debuted last fall.

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Now the Macan and Panamera models equipped with diesels are no longer available with a “no new diesel will be engineered” edict for the Macan S. The move is part of a “cultural shift” a Porsche spokesperson told AutoCar magazine. (more…)

China Extending Incentives for Electric Vehicles

Government pushing hard to increase number of EVs on roads.

by on Feb.15, 2018

Good news for Tesla and other EV makers in China as the government has extended incentives on electric vehicles.

The Chinese government appears to have extended the hefty incentives that helped ignite the rapid sales of electric vehicles in China, according to Bruce Belzowski, managing director of the automotive futures program at the University of Michigan Transportation Research Institute.

Belzowski said during a UMTRI-sponsored conference on “Marketing New Powertrain Technologies,” said the Chinese government is prepared to go great lengths to promote the development of electric vehicles.

Global News!

While the Chinese now build millions of internal combustion engines every year, the government has concluded that the global automakers Japan, the United States and Western Europe have a major edge built around 100 years of experience, he noted.   (more…)

Tesla to Hold Musk to a Higher Standard for Compensation

No cash or bonuses unless carmaker hits milestones.

by on Jan.23, 2018

Elon Musk won't receive any compensation from Tesla until the EV maker begins hitting select stock and operational milestones.

With Tesla still struggling with serious production problems and a balance sheet that has been sinking deeper into the red, the battery-carmaker said Tuesday that its billionaire founder and CEO Elon Musk won’t be in line for any form of compensation until it reaches stock and operational milestones.

While investors continue to back the company, its shares rebounding sharply since a deeper-than-expected third-quarter loss was announced last autumn, there has been growing concern about the delays in ramping up production of the new Model 3. That has raised concerns the company might have to raise more capital to compensation for its rapid cash burn.

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“Tesla and all of its shareholders” will have to perform “extraordinarily well before Musk is to receive any form of compensation going forward, the company said. But the announcement also took aim at another concern that some investors and analysts have raised in recent months: whether the South African-born Musk would remain onboard. (more…)