Category: Electric Vehicles

By on August 19, 2015

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Audi’s first production electric car will be a crossover to fight the Tesla Model X, the German luxury carmaker said Wednesday.

Concept drawings and initial specifications released by Audi detailed their crossover that is powered by three electric motors — borrowed from its R8 e-tron concept car — with a proposed range of over 300 miles. According to Audi, the crossover, which is called the “e-tron quattro concept,” would slot between the company’s 182.6-inch Q5 and 200.3-inch Q7. Tesla’s Model X is 197 inches long.

The crossover’s lithium-ion battery would give the car a range more than 300 miles.

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By on August 18, 2015

2016 Cadillac XT5

Cadillac CEO Johan de Nysschen said future Cadillac cars in the U.S. will have diesel powertrains, Automotive News is reporting (via Autoblog).

De Nysschen told journalists that oil burners would make their way to the States after they’re launched in Europe, presumably around 2019. He said engineers at Cadillac were working on 4- and 6-cylinder models, but wouldn’t specify what cars those engines would power.

Audi, BMW and Mercedes offer diesel power plants in their compact or mid-size sedans that would compete with the theoretical Cadillac.

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By on August 18, 2015

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The resurrected Swedish automaker producing electric 9-3s with a Saab badge signed an agreement with Dongfeng Motor Corporation to help stay afloat, GoAuto in Australia is reporting.

National Electric Vehicle Sweden, the Chinese company that purchased the remains of Saab after its parent company Spyker went bankrupt, announced that it would distribute electric cars in China with automotive giant Dongfeng and add a production facility there, the report details.

In return, NEVS will supply Dongfeng with engineering standards to help it meet safety standards in Europe and North America.

It certainly has been a bumpy road for Saab.

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By on August 18, 2015

2012 Tesla Model S

Tesla’s ride-sharing business could be worth hundreds of millions to the company in the future, an analyst for Morgan Stanley said Monday.

Adam Jonas increased his price target for Tesla from $280 to $465 — but said the stock could go even higher to $611 — based on his forecast that Tesla could introduce an autonomous ride-sharing service by as early as 2018, Bloomberg reported.

It’s at least the third time that Jonas has publicly pumped Tesla’s stock.

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By on August 16, 2015

M4 Motorway England, UK

The British government is continuing on with a study of inductive charging on England’s busy A roads a reality, reports the BBC (via Gizmodo).

Feasibility of the technology hasn’t been fully proven as of yet, but England is getting one step closer by tendering bids for off-road trials. If off-road trials are successful, you might be able to drive long distances across the UK without needing to stop to recharge. The trials are expected to take 18 months from 2016 to 2017.

Elon, you might soon lose your killer app.

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By on August 13, 2015

tesladeal

Tesla filed Thursday to sell nearly $500 million in shares of its company to raise capital and cover investments the electric carmaker plans to make in the future.

According to the filing with the U.S. Securities and Exchange Commission, the proceeds will go toward the company’s planned investments in the Model 3, Supercharger network and its Gigafactory battery plant in Nevada.

By the book, the stock sale is a short-term pain for long-term gain. Exposing Tesla further to the market carries certain risk, especially considering Tesla’s price growth and relative upside-down balance sheet, but if historical stock prices are any indication, it’ll be a cash cow. Elon Musk asking to buy $20 million in his own stock has pumped up the prices too beyond any distillation worries.

But don’t be mistaken: the second stock sale isn’t really about the cars.

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By on August 11, 2015

Mary Nichols

Last week, Bloomberg Business profiled the one woman who may have more influence in the automaking universe for the next decade than any other person on the planet.

California Air Resources Board Chairwoman Mary Nichols’ story about running the nation’s most stringent air quality standards board is compelling, fascinating and terrifying — if you’re an automaker.

The state’s ambitious goal of reducing greenhouse gases 80 percent by 2050 is met by an equally ambitious — and onerous — goal for automakers: don’t sell new cars with internal combustion engines in California by 2030.

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By on August 9, 2015

news-2016-audi-a3-etron-exterior-09

Audi announced this week that its plug-in hybrid version of the A3, dubbed A3 Sportback e-tron, will go on sale in October and cost $38,825 to start — $47,725 in Prestige trim — before federal and state incentives.

The car, which combines an 8.8 kWh battery and a 1.4-liter turbocharged four-cylinder engine, will make a combined 204 horsepower and 258 pound-feet of torque. Fuel economy and range for all-electric driving hasn’t been announced by the automaker, although some reports peg the EV range at 30 miles.

The A3 plug-in hybrid will be the first Audi to run (at least partially) on electricity in the States.

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By on August 9, 2015

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After Tesla Motors announced last week that it had lost $184 million in the second quarter of this year on lower vehicle deliveries and higher spending on its factory ahead of a new model, analysts say the company could have a bumpier road ahead if it can’t raise cash soon.

According to a Reuters report, Tesla is losing $4,000 on each car it sells, and the company’s ability to raise capital could be severely hampered by its spending now and its inability to create positive cash flow in a luxury market that is extremely favorable.

“A capital raise, given the way they’re burning cash today, given the fact that they have future investment needs, seems very likely at some point,” UBS Securities analyst Colin Langan told Reuters.

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By on August 7, 2015

2015 BMW i3 orange

In addition to the battery-powered (or is it a hybrid?) i3 and i8 cars, BMW may build an electrified X3-sized crossover, 5-series sedan and perhaps a larger Tesla Model X-sized SUV in its “i” car range, The Detroit Bureau is reporting.

The speculation comes from BMW chief Harald Krueger who said there was room in the “i” range for something else.

“Between the i3 and the i8, there is space if you look at it from the number point of view,” Harald Krueger said in an interview with the German newspaper F.A.S.

Precisely four numbers are between 3 and 8. Let’s speculate! Read More >

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