Scaling back from its former intentions of becoming “China’s No. 1 automaker by 2015 and the world’s leading car maker by 2025,” China’s BYD now wants to become a world-class fish in Hong Kong’s taxi pond. (Read More…)
Tag: Electric Vehicle
Bosch has introduced a home charging point for EVs that costs half as much as current competitors, which will no doubt be welcome news for current and prospective EV buyers.
Ferrari will be scaling back production in 2013, in an effort to help retain some of the brand’s exclusivity.
Toyota plans to defend its electric title at this year’s Pikes Peak International Hill Climb with a tweaked TMG EV P002. The electric racer is currently on its way to Salisbury, N.C., where TRD USA will perform aerodynamic upgrades to the Radical-based chassis. (Read More…)
About a year ago Bertel, Ed and I ended up in Los Angeles for a PR meet/dine with Coda. No automotive event would be complete without a drive and our electrifying dinner was no different. Bertel and Ed wisely chose to leave the driving to me (although they did toss me in the trunk and close the lid later that evening). Since that night I have struggled to erase the Coda from my mind when today it all came flooding back. Coda has filed for chapter 11 protection. I know it’s bad form to speak ill of the departed, but this is TTAC so let’s have a review style requiem for the worst EV ever made.
Electric car startup Coda is the latest in a series of greenm dreams to go down the drain – and it won’t be the last. Coda filed for Chapter 11 bankruptcy protection today, writes Reuters, “after selling just 100 of its all-electric sedans, another example of battery-powered vehicles’ failure to break into the mass market.” (Read More…)
Despite overwhelmingly positive press for the Fiat 500e, the electric Fiat is known to be a bete-noir for Fiat CEO Sergio Marchionne. Speaking at the SAE Congress last week, Marchionne claimed that Fiat loses $10,000 on each 500e, describing it as “masochism”.
On Friday, Fisker fired most of its rank-and-file employees, 160 out of a total 210, and promptly got into hot water for doing so. The law firm Outten & Golden filed a class-action lawsuit for not giving employees a 60-day notice under California’s WARN act. (Read More…)
Yesterday’s Tesla “lease offer”, (which turned out to be Elon Musk’s “big announcement”) was a classic display of Tesla’s penchant for theatrics. On the surface, the move is a smart one; most customers in the large luxury sedan segment tend to lease their cars, so Tesla’s move is nothing out of the ordinary.
Just ahead of their Q1 2013 earnings called, Tesla announced that they were profitable in the first quarter of the year, with deliveries exceeding their own targets. In addition, Tesla has also decided to discontinue the base trim of the Model S due to a lack of demand.
The gasoline range-extender that will be optional in BMW’s i3 electric car will be built by Kymco, a Taiwanese firm that is best known for its scooters.
While other carmakers, including electric pioneer Nissan, are downgrading their EV euphoria, GM’s CEO Dan Akerson suddenly sounds uncharacteristically gung-ho on the issue. At an industry conference, he says GM is working on developing an electric car that has a range of as much as 200 miles. (Read More…)
If Elon Musk is still smarting about how much damage the New York Times has done to Tesla, the fledgling automaker can take comfort in the fact that the positive reviews are still pouring in.