Geely-backed ride-hailing platform Caocao Zhuanche upgraded to Caocao Mobility – 盖世汽车新闻

Geely-backed ride-hailing platform Caocao Zhuanche upgraded to Caocao Mobility Monika From Gasgoo| February 15 , 2019 Shanghai (Gasgoo)- Caocao Zhuanche, an electric vehicle sharing platform backed by Chinese automaker Geely, announced on February 14 that its brand and services have been upgraded into “Caocao Mobility”. Meanwhile, the new platform’s user-end application has been updated to the… Continue reading Geely-backed ride-hailing platform Caocao Zhuanche upgraded to Caocao Mobility – 盖世汽车新闻

Uber reports $3B in Q4 revenue, rising operating losses

Ahead of its anticipated initial public offering this year, Uber reported a net loss of $865 million in the fourth quarter. That figure, however, was aided by a tax benefit that saved the company from reporting a $1.2 billion net loss in the period. On an adjusted, pro-forma basis, Uber’s net loss in the final… Continue reading Uber reports $3B in Q4 revenue, rising operating losses

Audi unveils design of Q4 e-tron – a new all-electric compact SUV

With new design sketches, Audi is today unveiling the design of the Q4 e-tron – a new all-electric compact SUV to go into production in “late 2020/early 2021.” We first heard of the vehicle last month when Andreas Mindt, Head Exterior Design at Audi, confirmed that the German premium automaker plans to unveil a “smaller e-tron SUV”. At… Continue reading Audi unveils design of Q4 e-tron – a new all-electric compact SUV

Dealers see decline in volumes of nearly new diesel cars

Dealers are beginning to see a decline in the numbers of nearly new diesel cars in the market as a result of dieselgate three years ago. Diesel sales have been falling steadily and the nearly new diesel used car parc has shrunk as a result. “The dawn of dieselgate three years ago had a relatively… Continue reading Dealers see decline in volumes of nearly new diesel cars

GM’s $25M stock incentive plan for Cruise chief Dan Ammann points to IPO – Autoblog – Autoblog

DETROIT — General Motors on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for the business. The No. 1 U.S. automaker disclosed a long-term compensation plan that incentivizes Dan Ammann, chief executive of the Cruise unit, to develop the technology… Continue reading GM’s $25M stock incentive plan for Cruise chief Dan Ammann points to IPO – Autoblog – Autoblog

FCA boss: Next Challenger to use electric boost, skip 700-hp supercharged V-8 – Motor Authority

You better get them while they last, folks, as the next Dodge Challenger looks like it’s going to be a very different beast to the car on sale today. That’s the word of Fiat Chrysler Automobiles CEO Mike Manley, who took over following the sudden death of his predecessor, Sergio Marchionne, last July. “I think… Continue reading FCA boss: Next Challenger to use electric boost, skip 700-hp supercharged V-8 – Motor Authority

RIVIAN ANNOUNCES $700M INVESTMENT ROUND LED BY AMAZON

February 15, 2019 – Rivian has announced an equity investment round of $700M led by Amazon. The investment comes on the heels of Rivian’s reveal of the all-electric R1T pickup and R1S SUV at the LA Auto Show last November. Starting with a clean sheet, Rivian has developed its vehicles with adventurers at the core… Continue reading RIVIAN ANNOUNCES $700M INVESTMENT ROUND LED BY AMAZON

IT IS HAPPENING…. THE FIRST GBS TRACK DAY OF 2019 IS CONFIRMED…..

After two very successful and enjoyable GBS track days last year at Rockingham and Silverstone we are pleased and excited to confirm the next GBS Track Day will be happening on Friday 29th March at Donington Park on the National circuit. This Track Day event is via MSV Track Days and is £179 but they… Continue reading IT IS HAPPENING…. THE FIRST GBS TRACK DAY OF 2019 IS CONFIRMED…..

BP invests in Chinese charging platform PowerShare

BP Ventures has invested in Powershare, a Chinese provider of integrated hardware and software for EV charging, during a Series A funding round. PowerShare offers an online platform that connects drivers, charge point operators, and power suppliers. The company’s cloud-based system allows power suppliers to continuously monitor the power demand from vehicles and balance it… Continue reading BP invests in Chinese charging platform PowerShare

Commentary: Toyota Corolla Hybrid ad brags about not plugging in

2017 Toyota Prius Prime, Catskill Mountains, NY, Nov 2016
In Toyota's latest ad for its new Corolla Hybrid in Britain, it's 2002 all over again.

The ad shows the new Corolla Hybrid (in non-U.S. hatchback form) bypassing all kinds of road transportation alternatives from different eras—from a stagecoach and an early brass-era car to 1950s hot rods and, finally—an electric car plugged in and charging by the side of the road.

It's clearly a dig at plug-in cars, reliant on battery power and electric motors to get around. Plug-ins are even more popular in Britain, with its high gas prices, than they are in the U.S.

Yet Toyota is the company that paved the way for modern electric cars, the first to take electric propulsion seriously when it introduced the Prius in 2000 (and in 1998 in its home market.)

When it debuted, the original Prius, and especially the second-generation that followed in 2002, was the first vehicle that revealed a hidden market of millions of buyers who hungered to do better by the Earth. Along the way, as more and more people became familiar with it, the Prius demonstrated to drivers that electric power is smoother and quieter than gas.

Many Prius drivers wanted nothing more than to be able to plug in to maximize the number of miles they could drive on “nicer” electricity.

READ THIS: Toyota Corolla Hybrid rated 52 mpg: Why Toyota says it won't cannibalize Prius sales

Of course, electricity is also far more efficient and cleaner than gasoline—as the Prius amply demonstrated by trouncing the fuel-efficiency estimates of similar compact economy cars such as the Corolla. That's what Prius buyers love.

Even ordinary electric cars, however, such as the Nissan Leaf, from one of Toyota's longest-standing competitors, get almost double the fuel-economy rating of even the best versions of the Prius.

Yet, even as it demonstrated the market for driving on electricity, Toyota became famously skeptical of cars that used more electricity—and even less gas—by plugging in.

CHECK OUT: Follow-up: In the end, I bought a Toyota Prius Prime plug-in hybrid

When Toyota introduced the second-generation Prius for 2003 and captured the environmental movement's attention, it seemed to think buyers would be skeptical of plugging in. Prius ads at the time touted that “you never have to plug it in,” as if that were a feature, and buyers might be terrified of a car that needed electricity to run. That may have been fair in an era when few people had experienced electric cars, and almost none knew how they might charge one.

The company famous for responding to its buyers' demands later dragged its feet in introducing a plug-in version of the Prius, which it first discussed in 2007 and showed in 2008. Toyota didn't introduce the first Prius plug-in until 2012—two years after an independent company began selling thousands of unauthorized conversion kits—and even then, it had only 11 miles of electric range. A 2014 ad for the car showed the Prius Plug-In Hybrid…not plugging in.

It took until 2016 for Toyota to introduce the Prius Prime, with a realistic 25 miles of electric range—after five years of losing sales to the Chevrolet Volt plug in hybrid and a new crop of all-electric cars, including the Leaf.

DON'T MISS: Toyota Prius Plug-In Hybrid Ad Shows Driver…Not Plugging In

Toyota executives made all kinds of excuses along the way about the cost, emissions, and “inconvenience” of electricity, and how Americans' driving cycles didn't favor electric driving. Meanwhile, in Japan, Toyota engineers, with subsidies from the government, focused on developing fuel-cell vehicles, and the company has now sold a few thousand fuel-cell Mirais in California.

If the Prius proved anything, it was that using an electric motor and battery to offset the worst inefficiencies of an internal combustion car was not only extremely effective, it should be the minimum best practice for any new car model.

Now that electric car sales are booming and the Prius Prime makes up more than 30 percent of Prius sales, it's disappointing to see Toyota falling back on that old trope that charging is inconvenient and ineffective in its latest ad for the Corolla Hybrid. And that market of millions of buyers who want to do right by the environment have already begun looking elsewhere.