Archive for the ‘EVs’ Category

Musk Under Fire Again, This Time From His Supporters

Tesla CEO slammed for attack on SEC; his latest storm could cause problems with settlement.

by on Oct.08, 2018

Tesla CEO Elon Musk cannot help himself, taking a shot at the SEC via Twitter.

Tesla CEO Elon Musk is taking heat again, this time from supporters, as well as his long list of critics, for his attack on the Securities and Exchange Commission.

After reaching a deal with the SEC early this month that forced him to step down as Tesla chairman, the 47-year-old executive fired off the latest in an ongoing series of tweets dubbing the federal agency the “Shortseller Enrichment Commission.” That was a reference to the investors who have been betting on Tesla stock to fall and who have become one of Musk’s biggest concerns.

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Musk came under the SEC microscope after tweeting in August about a supposed plan to take the battery-carmaker private. Federal regulators subsequently accused the Tesla founder of making “false and misleading” claims, finding no basis to support the proposal and, in particular, Musk’s initial tweet stating “Funding secured.” The SEC could have completely barred the exec from serving in any capacity on a public company and it could have levied substantially more fines than the $14 million penalty Musk had to pay. (more…)

Polestar Moving Ahead With Development of New EV

Company testing verification prototypes in Sweden.

by on Oct.05, 2018

The all-new Polestar 1 performance PHEV is taking another step toward production with verification prototypes being tested in Sweden.

The development of the battery electric vehicles from Polestar, Volvo’s emerging battery electric vehicle brand, has taken another step forward.

The development of the Polestar 1 has moved off the computer and drawing board “with the production of the first series of “road-going” verification prototype, or VP, cars in Sweden.

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“The assembly of the VP cars means that the Polestar 1 has taken its next step towards production,” says Thomas Ingenlath, chief executive officer of Polestar.  (more…)

VinFast Amps Up Ambitions After Strong Debut in Paris

Look for it to target markets outside SE Asia. Europe could follow.

by on Oct.04, 2018

VinFast CEO Jim DeLuca, center left, unveils the company's two offerings with Miss Vietnam, left, and David Beckham, right.

The world’s newest automaker is rapidly ramping up its plans.

Little more than a month ago, during a visit to the new VinFast headquarters and manufacturing complex in Haiphong, an hour outside Hanoi, company officials told TheDetroitBureau.com they were set to focus on the fast-growing Vietnamese automotive market, though they hinted they might look beyond the country’s borders at some time in the future.

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That future has apparently come fast. Following a well-reviewed debut of its first two products at the Paris Motor Show earlier this week, VinFast CEO Jim DeLuca revealed in an exclusive interview that “within a year we’ll be able to announce markets outside Vietnam and outside ASEAN (a trade bloc of Southeast Asian nations), to be clear. We’ve got our sights set both domestically and beyond.” (more…)

Electrify America Set Expand EV Charging Infrastructure

Stations designed to raise awareness for EVs.

by on Oct.04, 2018

Electrify America is getting ready to build $200 million worth of new EV fast chargers.

Electrify America, the organization created out of the Volkswagen diesel scandal to promote the use of electric vehicles, plans to invest $200 million in Zero Emission Vehicle infrastructure primarily in California.

The investment, which will start next summer and take 30 months to complete, will follow a plan outlined originally by the California Air Resources Board to raise awareness of electric-charging capacity.

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Electrify America was established to implement the $2 billion ZEV Investment Commitment outlined in Volkswagen’s court-approved settlement involving 2.0-liter TDI diesel vehicles. (more…)

Future of Alliance with Nissan/Renault the Big Question as Zetsche Prepares to End Role as Daimler CEO

Zetche and Nissan/Renault’s Ghosn insist there is more to come during Paris new conference.

by on Oct.03, 2018

Zetsche and Ghosn first met when the German exec was working at Freightliner and the Brazilian-born Ghosn worked for Michelin.

Since launching the first in a broad series of joint ventures nine years ago, Daimler AG and the Nissan/Renault/Mitsubishi Alliance have generated what they claim to be billions of dollars in “synergies” that have allowed them to expand their product lines and grow into new markets.

But in recent months, the future of that partnership has come under question. The last major new project was announced three years ago. And now, with Daimler Chief Executive Dieter Zetsche planning to relinquish the CEO title next year, that has raised new questions about whether his successor, Ola Kallenius, would keep the alliance going.

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“Without the chemistry between us, maybe this wouldn’t have happened,” said Zetsche, during a joint news conference with Nissan/Renault/Mitsubishi Alliance chief Carlos Ghosn. But considering the results the partnership has generated, “I don’t see from my perspective why the momentum in this relationship should change.”

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Tesla Hits Third Quarter Model 3 Production Target

EV maker puts out 55,849 Model 3 sedans.

by on Oct.02, 2018

Tesla's Model 3 production has been the focus of the company much of the year, but the company made its Q3 production goal of 50,000 to 55,000 sedans.

Of the many things that Tesla CEO Elon Musk has uttered or tweeted in the past few months, none may have been more important than what he said, and meant, on Aug. 1 — Tesla would build 50,000 to 55,000 Model 3 sedans in the third quarter.

Musk has made and missed more production predictions than any modern day CEO. However, this time, the company made his – and analysts – forecasts by producing 55,849 Model 3s in Q3. Analysts predicted 55,600.

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Overall, Tesla built an impressive 83,500 vehicles during the period, exceeding analysts predictions of 80,000 vehicles, and more than three times the previous year’s tally of 26,150 units. During Q3, Model S sedan sales rose to 14,470 from 14,065 a year earlier, while Model X sport-utility vehicle deliveries rose to 13,190 from 11,865.  (more…)

Live from Paris!

Mercedes, BMW leading a smaller-than-usual show.

by on Oct.01, 2018

Media days are winding down at the Mondial de l’Automobile, or for non-French speakers, the Paris Motor Show. We’re continuing to scour the show looking for breaking news and back-room stories, bringing you news on the latest models and changing perspectives. So be certain to check back often at TheDetroitBureau.com.

Here is the latest news:

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Uncovered: Infiniti Project Black S

“Engineering testbed” puts F1 technology in Q60 coupe.

by on Oct.01, 2018

Infiniti's Project Black S is a key component to the luxury brand's expansion into electric vehicles.

Long a laggard in the luxury market, Infiniti has been making some serious moves to boost credibility over the last few years, notably by fleshing out its line-up with an array of sportier new models like the Q60 coupe.

Its also introduced new technology like the breakthrough VC-Turbo engine and teased the idea of challenging the likes of BMW’s M and Mercedes’ AMG performance lines. So far, prototypes haven’t turned into production models, but there seems to be something a little more serious about the Infiniti Project Black S that’s making its formal debut at this week’s Paris Motor Show.

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The concept starts out as an Infiniti Q60, but it has the beating heart of a dual-hybrid powertrain based heavily upon what you’ll find in a Renault Sport Formula One car. It’s the next step in a series of design and engineering exercises pickup up on the concept introduced at the Geneva Motor Show in early 2017. And while Infiniti will only say that it is looking at “what could be deployed in a road car,” the latest effort seems to be moving much closer to reality. (more…)

Smaller Paris Show Still Set to Deliver Big Product News

Audi, BMW, Mercedes among the headliners at Mondial de l’Automobile.

by on Oct.01, 2018

Audi is ready to take on the industry leader, Tesla, with the all-new e-tron, which will make its public debut at the Paris Motor Show.

It may be the City of Lights but things will be a little darker at the 2018 Mondial de l’Automobile. Otherwise known as the Paris Motor Show, it’s been hit by the same industry retrenchment that has hammered other major shows, including Detroit and Chicago during the last several years.

Among the manufacturers who’ll sit things out for 2018 are Ford, Infiniti, Mazda, Mitsubishi, Nissan, Opel, Subaru, Volkswagen and Volvo, as well as several Fiat Chrysler brands. And several other carmakers are expected to downsize their presence when the show begins with the annual two-day media preview on Tuesday.

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That said, it will just allow the spotlight to shine more brightly on those brands that have decided to stick with Paris this year. Among the most prominent previews on the docket will be debuts at the BMW, Mercedes-Benz and Ferrari stands. And while some of its Volkswagen Group siblings will be notably absent, Audi will retain a high-profile presence with three important public unveilings. (more…)

Musk Settles: Pays SEC $20M, Resigns as Chairman

Tesla also paying $20M bringing total to $40M in penalties.

by on Sep.29, 2018

Tesla CEO Elon Musk settled with the SEC paying a $20 million fine and resigning as the chairman of the company.

After an initial round of defiance, Tesla CEO Elon Musk elected to take the path of least resistance with the Securities and Exchange Commission, agreeing to resign as chairman and pay a $20 million fine.

Tesla will pay an additional $20 million as part of the deal with the agency, bringing the total paid to $40 million.

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“The total package of remedies and relief announced today are specifically designed to address the misconduct at issue by strengthening Tesla’s corporate governance and oversight to protect investors,” Stephanie Avakian, co-director of the SEC’s Enforcement Division, said in a statement. (more…)