Opel has to re-park

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The game of alliances is set up in the autonomous car

Who will win the race for the autonomous car? The car manufacturers multiply in any case the alliances, to give themselves the best chance of one day reaching the finish line. Thursday, Toyota unveiled the creation of a joint venture with SoftBank to develop his “e-pallet”, a sort of wagon capable of making deliveries without… Continue reading The game of alliances is set up in the autonomous car

Bosch supplies Byton

Chinese startup Byton has teamed up with Bosch to build its vehicles. The startup company Byton out China was one of the eye-catchers on the past CES 2018 in Las Vegas. There one imagined his vehicle, above all Tesla To make competition. For the production of the Byton models one has now a cooperation with… Continue reading Bosch supplies Byton

BMW to cease production of the i3 Range Extender

The BMW i3 is now an electric-only model, as the range extender versions have been deleted from the line-up.

The range extender, which uses a two-cylinder 650cc petrol engine to provide additional charge to the drive battery, has effectively been made redundant by the improved, longer-range pure-electric version of the i3 unveiled at this week's Paris motor show.

The i3’s battery has been boosted to 42.2kWh from 33kWh provide 193 miles (310 km) of range under new WLTP cycle. That's 34 miles (54 km) more than the older version could manage and is sufficient, according to BMW, to negate the need for the range extender version, which offered a claimed driving range of 231 miles (371 km) under the outgoing, less-accurate NEDC test.

In a statement, BMW said: “The Range Extender i3 will cease production and we will only sell the pure-electric version going forward. With the gains in pure-electric range, together with the increasing availability of rapid charging facilities, we believe the customer demand is shifting to a pure electric model.”

The move takes the i3 model range down from four variants to two, namely the standard i3 and hotter i3s. The latter produces an additional 13bhp and 15lb ft from its electric motor, with 181bhp and 199lb ft contributing to a 0-62mph (0-100kmph) time of 6.9sec.

The range extender version of the i3 formerly made up 60 percent of sales, despite a £3150 (Rs 301,173) premium over the standard car.

Volvo’s Polestar brand is assembling prototypes of its first plug-in hybrid sports car

Polestar has started assembling verification prototypes of its upcoming plug-in hybrid sports car as Volvo’s standalone electric performance brand prepares to produce customer cars next year. Verification prototypes of the Polestar 1 vehicle, which are built largely by hand, mark the first testing phase for production. The vehicles will be crashed and driven through different kinds of… Continue reading Volvo’s Polestar brand is assembling prototypes of its first plug-in hybrid sports car

Despite Higher Upfront Costs, Electric Cars Can Save Money Over Time

DRIVING AN EV CAN PUT CASH BACK INTO AN OWNER’S WALLET IN THE LONG RUN. Despite having higher sticker prices than comparable conventionally-powered models, owning an electric vehicle can still save an owner money over time. For starters, the cost to run an electric vehicle can be considerably less than fueling a gas-powered ride. On… Continue reading Despite Higher Upfront Costs, Electric Cars Can Save Money Over Time

Elon Musk mocks SEC as ‘Shortseller Enrichment Commission’ days after settling fraud charges

Musk trolls the SEC
2 Hours Ago | 05:31

Tesla CEO Elon Musk mocked the Securities and Exchange Commission in a tweet Thursday, calling the agency the “Shortseller Enrichment Commission,” days after settling fraud charges brought against him by the agency.

The tweet, which is missing a word and appears to take a sarcastic tone, says “the Shortseller Enrichment Commission is doing incredible work” and commends the SEC on a name change that did not occur.

Musk doubled down on the remark when another Twitter user said Musk needs a “a social team that can get attention without typos and without enraging the Shortseller Enrichment Committee.”

The Tesla CEO asked, “Why would they be upset about their mission? It's what they do.”

Shares of the automaker fell more than 2 percent after hours following the tweet. The stock was already down 4.4 percent during regular hours.

Late last week, Musk reached an agreement with the SEC to settle fraud charges in connection with an Aug. 7 tweet about taking the company private. Musk claimed at the time the necessary funding had been secured — a claim the SEC alleged was “false and misleading.”

Three experts on the future of Tesla after Elon Musk settled with SEC
5:55 PM ET Mon, 1 Oct 2018 | 01:35

That settlement hit a snag earlier Thursday when a federal judge ordered the agency and the billionaire CEO to justify the agreement as “fair and reasonable.”

Musk has often been outspoken about short sellers, investors who are betting against Tesla, accusing them of spreading “negative propaganda.” Last year he called them “jerks who want us to die.”

Later on Thursday, Musk responded to someone else's tweet suggesting that short selling should be illegal by agreeing and describing short sellers as “value destroyers.”

The SEC's complaint, filed last week, suggests Musk tweeted the take-private proposal, in part, to lift the company's stock and punish short sellers. Investors betting against Tesla lost about $1.3 billion immediately following that tweet.

The proposed settlement, should it be approved, would require Tesla to “establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk's communications.” That oversight would only take effect 90 days after the settlement takes effect.

Elon Musk is bringing Trump-style tweeting to the corner office
4:11 PM ET Fri, 10 Aug 2018 | 04:39

NAVYA and AXA launch a partnership to develop insurance solutions tailored to autonomous vehicles

3 October 2018 NAVYA and AXA launch a partnership to develop insurance solutions tailored to autonomous vehicles To mark the opening of the 2018 Paris Motor Show, NAVYA, a leading company in the autonomous vehicle market and in smart and shared mobility solutions, and AXA, a global leader in insurance and asset management, announce the… Continue reading NAVYA and AXA launch a partnership to develop insurance solutions tailored to autonomous vehicles