Retro sports car maker Wiesmann to return next year

WIESMANN is the German sports car company most drivers have never heard of. Originally founded in 1985 by two brothers, the Dülmen-based company had developed a reputation for producing two-seaters that were inspired by great British sports cars from years passed. Even though its cars were accomplished enough to attract huge praise from the likes of… Continue reading Retro sports car maker Wiesmann to return next year

Tesla Model 3 is ‘military-grade tech years ahead of peers’ but still expected to lose money

Early Tesla employee's insight into working with Elon Musk
1:06 PM ET Thu, 16 Aug 2018 | 04:02

Tesla's Model 3 sedan is blowing engineers away, but it might be a big headache for folks in finance.

Analysts at UBS pulled apart three different electric cars to compare their technology and production costs: a new Tesla Model 3, a 2014 BMW i3 and a 2017 Chevy Bolt.

The engineers hired by UBS to examine a $49,000 2018 Model 3 were “crazy” about the powertrain, “highlighting next-gen, military-grade tech that's years ahead of peers,” said UBS analyst Colin Langan in a note dated Wednesday. But the costs were higher than expected, and the cars would lose about $6,000 each at Tesla's original plan to sell an entry model at $35,000, he said.

It is another sign Tesla may have trouble turning into the mass-market automaker it said it wants to become.

Plans to manufacture the lower-cost vehicle have been delayed since its announcement in 2016 as the electric car manufacturer struggled to meet demand. CEO Elon Musk said in May that manufacturing the Model 3 at that price “right away” would cause Tesla to “die.”

The company had originally billed the Model 3 as a sleek electric vehicle for the masses, and the car that would turn Tesla from a smaller maker of expensive electric cars to a volume manufacturer.

Instead, Tesla focused on higher-cost versions that yield better margins. The profit margin on the $49,000 version UBS tore apart was about 18 percent, for example.

UBS hired the engineers for a breakdown of each car's powertrain and battery, electronic controls, frame and body as well as interior and safety features. They evaluated each part's design, ease of manufacturing and cost.

Tesla beat its two competitors in cost, but the Model 3 didn't have has big a lead over the other automakers as UBS had expected. UBS based its estimates on consultations with engineers and industry research.

Tesla, Chevrolet and BMW were not immediately available for comment.

However, some of the Model 3's technology seems to be far ahead of Chevrolet and BMW. In particular, Tesla's electric powertrain stood out as exceptionally simple and flexible.

WATCH: Tesla whistleblower tweets details about allegedly flawed cars

Tesla whistleblower tweets details about allegedly flawed cars
4:55 PM ET Thu, 16 Aug 2018 | 01:21

Self-driving car is actually a tiny hotel suite on wheels

The future of travel may be in outer space, or it could be in a self-driving car. That’s the hope of the Autonomous Travel Suite, a driverless mobile hotel room that provides door to door transportation. Recently named one of three finalists in this year’s Radical Innovation Awards, the Autonomous Travel Suite was developed by… Continue reading Self-driving car is actually a tiny hotel suite on wheels

VW’s CEO was told about emissions software months before scandal: Der Spiegel

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said. Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3,… Continue reading VW’s CEO was told about emissions software months before scandal: Der Spiegel

Zero DSR electric motorcycle is wickedly quick

Zero DSR electric motorcycle is wickedly quickBring on the hate mail: I love electric motorcycles.
I love their power, their torque and their stealthy silence. I love their ease of operation and their low cost of maintenance.
Although I am not alone in this, I don’t have a lot of company. Resistance to electric motorcycles is fierce.
Detractors — many of whom have not actually ridden the battery-powered machines — describe themselves as dyed-in-the-wool enthusiasts who live for the roar and rumble of a big internal combustion engine. They love the smell of the gas, the sound of the pipes and the sensation of pulsing vibration between their legs.
But they also have practical objections to electrification. Battery bikes cost too much, recharge too slowly and have insufficient range, they say. Some riders even believe electric motorcycles are more dangerous than their gasoline counterparts, because they don’t make enough noise to be heard by nearby motorists.
For two months this year I used a Zero DSR electric motorcycle as my main commuter vehicle. The experience deepened my appreciation for battery-powered transportation, and my admiration for the Zero line. But it also taught me that electric bikes aren’t for every rider, or for every ride. Even a state-of-the-art bike like the DSR could not satisfy all of a dedicated biker’s needs.
The DSR is Zero’s top model, and the company is right to be proud of it. Wickedly quick off the line, delivering spookily seamless power, the bike feels like a magic carpet ride that violates the laws of thermodynamics.
The electric battery delivers 70 horsepower and 116 pound-feet of torque on a bike that weighs about 450 pounds. That seems high, but the absence of any rotating mass — no pistons, no flywheel, no clutch — makes the bike feel almost weightless when it’s on the move. Zero says the bike will hit a top speed of 102 miles per hour.
Zero has improved its braking and suspension systems, bringing them into line with modern sport bikes. The DSR is fitted with a Bosch ABS that uses J. Juan calipers, and Showa suspension at both ends. The 17-inch rear and 19-inch front wheels wear Pirelli MT-60 tires. The combination makes the DSR feel playful but firmly planted.
Since there is no clutch or gear shift lever, operation is a breeze. Just twist the throttle and go. And because the DSR burns no fuel, requires no lubrication and is driven by a carbon belt instead of a metal chain, there is virtually no maintenance.
Riding without noise, heat or vibration is strangely liberating. Without those things occupying the senses, I feel like I can hear more, see more and even smell more than when I ride a traditional bike.
One night on the DSR I became concerned about a squeaky sound accompanying my ride up a Hollywood canyon road that I’d ridden dozens of times before. I finally pulled over, worried that I had a bad bearing or a defective belt. Only when I stopped did I realize I was hearing frogs and crickets from a nearby creek.
Commuting, I felt confident in traffic and comfortable lane-splitting on the freeway. Somehow the DSR felt lighter, more nimble and even thinner than my other motorcycles — though in reality it is not. I found that, when I needed to run an errand and had the option of the DSR or another bike, I almost invariably chose the DSR. It just seemed simpler, somehow.
The exception? Longer rides. Zero boasts that the DSR, fitted with the optional Power Tank accessory, can go 220 city miles or 110 freeway miles on a single battery charge.
That was not my experience, and will probably not be the experience of anyone who does not ride this kind of bike very conservatively. Though I didn’t drain the battery down to its last bit of juice, my range would have been something more like half what Zero advertises.
Granted, I was really enjoying the terrific torque and acceleration, which meant I was riding at the rate of about 120 miles to the tank, with mixed city and highway riding.
Zero boasts, too, that the DSR, when fitted with the necessary fast-charging hardware, can be refueled in as little as two hours, at the rate of 103 riding miles per charging hour.
Because I was commuting, I didn’t test that. But arriving home in the evening, plugging the DSR into a standard household outlet, I observed recharge rates of about 6 to 8 riding miles per hour. Plugging in overnight, I always got up the next morning to a full tank, with plenty of juice to get me where I needed to go.
But that meant a day ride to Big Bear, or even a spirited run up the Angeles Crest Highway to Newcomb’s Ranch or Wrightwood, was problematic. I could get there all right, but would I find a place to plug in, and how long would it take to recharge sufficiently to get home? I took a gas-powered bike on those jaunts.
Zero puts the cost of charging its electric bikes at $1.50 to $2 per tank, and says some of its machines get the fuel efficiency equivalent of 403 miles per gallon. Studies have shown that the cost of owning and operating an electric motorcycle may make it cheaper than comparable gas-powered bikes.
But the cost of entry is steep. Zero’s least expensive machines start as low as $8,495. The basic DSR starts at $10,995. The model I rode, outfitted with a variety of options, would retail well above that, at just above $19,000, before tax, license and delivery.
Some government incentives would offset that, and could include a federal tax credit of up to $1,500 and a California state rebate of $900.
There will still be those who, until they ride one, will view electric bikes as a passing fad. If so, they’re passing in good company.
BMW, Yamaha and others have put substantial resources behind their electric scooter programs. Alta Motors’ motocross bikes are beating internal combustion machines wherever they’re allowed to compete. And Harley-Davidson, which recently made a substantial investment in Alta, is coming to market with its electric LiveWire superbike and half a dozen other new electric machines.
The future isn’t coming. It’s here.
Read or Share this story: https://detne.ws/2KVFw78

No ‘sound investor’ would want Elon Musk to remain CEO of Tesla, says former GM exec Bob Lutz

If Elon Musk left Tesla, the stock would go up: Expert
4 Hours Ago | 06:14

For the good of Tesla, Elon Musk should step aside, former vice chairman of General Motors Bob Lutz told CNBC on Friday.

“I can't imagine any sound investor who has money in the company or any independent board member would want him to remain as CEO in light of recent performance,” Lutz said on CNBC's “Closing Bell.”

The New York Times published an extended interview with Musk on Friday in which he said the past year has been “excruciating” and “the most difficult and painful” of his career. The interview follows months of erratic behavior on Musk's part, both on and off social media. Most recently, the CEO tweeted that he would take Tesla private at $420 per share and had “funding secured,” which has invited scrutiny from the Securities and Exchange Commission.

Musk took to Twitter in July to call a British cave diver who assisted in the rescue of a Thai boys soccer team a “pedo guy.” During Tesla's first-quarter earnings call in May, Musk dissed analysts, cutting off Sanford Bernstein's Toni Sacconaghi because of what he called a “boring, bonehead” question. Musk later apologized to Sacconaghi and to the diver, Vernon Unsworth, for his comments.

“Elon is tired, he's worn out. He's obviously got some emotional problems. He's self medicating. He has shown some disturbing signs of being somewhat volatile and unstable,” Lutz said. “I think the right solution for Tesla at this point is to move him aside from day-to-day operation.”

Lutz, an automotive industry veteran who has also served in top roles at BMW, Chrysler and Ford, has been a huge critic of Tesla in the past. In November of last year he said Tesla is “going out of business.” Although he wasn't quite as critical this time around, he did raise some of the same issues, saying Tesla was “bleeding” profitability and “will probably have to go back to the capital markets for more money.”

“In my personal judgment, the board should take action and find a CEO. Not get rid of Elon — keep him as the visionary, keep him as the titular head of the company, and give him the honor and respect the founder of the company deserves,” Lutz said. “But that company needs professional management, and it needs it now.”

J.P. Eggers, associate professor at New York University's Stern School of Business, agreed, saying it is likely there are many other things Musk would rather spend his time on than Model 3 production goals.

“We see this all the time with … start-up founders or early leaders in these firms, where what they really want to do is do the vision, do the growth, build the … reputation of the company. And when it comes to actually executing on the vision, they aren't always the best ones for that,” Eggers said Friday on “Closing Bell.”

As much as it might be better for Tesla — and its stock price — were Musk to step aside as CEO, Eggers said, he's not so sure Musk would be willing to stay on with the company in a secondary role.

“I have a hard time seeing him doing anything other than being completely involved or walking completely away. He's tenacious; that's what's made him successful to this point,” Eggers said.

After vehicle fires: Koreans want to sue BMW boss Kruger

BMW boss Harald Krüger A lawsuit is to be filed against the group leader in Korea. (Photo: AP) Munich, TokyoThe pressure on BMW growing in South Korea: On Friday, a law firm in Seoul wants to file a collective complaint against the carmaker. Lawyer Jason Ha said he also filed a lawsuit against the company’s… Continue reading After vehicle fires: Koreans want to sue BMW boss Kruger

From a valuation of $1.8 to $30 billion in just eight years – Volvo Cars’ IPO plan looks like a spectacular success story …

The IPO plans for Volvo Cars are moving ahead as the valuation indicated by investors reaches Zhejiang Geely’s target level, according to the Financial Times. In July, Bloomberg reported that Geely was planning a stock-market listing of Volvo Cars as early as fall 2018, but initial feedback from institutional investors fell short of the Chinese… Continue reading From a valuation of $1.8 to $30 billion in just eight years – Volvo Cars’ IPO plan looks like a spectacular success story …

VinFast to open offices in Europe, Asia

Viet Nam News HÀ NỘI — VinFast Trading and Production Limited Liability Company, a member of the property developer Vingroup, has just finished procedures to open an office in Frankfurt, Germany. According to VinFast, the business registration office of Frankfurt has issued a certificate of establishment of VinFast GmbH (Limited Liability Company) operating in the field… Continue reading VinFast to open offices in Europe, Asia

Vietnam’s VinFast gets Italian design, German engineering

Share Facebook Tweet Pinterest Email Vietnamese automaker VinFast will use the Paris auto show to raise its global profile by unveiling Italian-designed first production cars. VinFast said it will debut a production-ready SUV and production-ready sedan at the Paris auto show in October. The SUV is similar in size to the BMW X5 crossover, while… Continue reading Vietnam’s VinFast gets Italian design, German engineering