Archive for the ‘Electrified Vehicles’ Category

Tesla to Hold Musk to a Higher Standard for Compensation

No cash or bonuses unless carmaker hits milestones.

by on Jan.23, 2018

Elon Musk won't receive any compensation from Tesla until the EV maker begins hitting select stock and operational milestones.

With Tesla still struggling with serious production problems and a balance sheet that has been sinking deeper into the red, the battery-carmaker said Tuesday that its billionaire founder and CEO Elon Musk won’t be in line for any form of compensation until it reaches stock and operational milestones.

While investors continue to back the company, its shares rebounding sharply since a deeper-than-expected third-quarter loss was announced last autumn, there has been growing concern about the delays in ramping up production of the new Model 3. That has raised concerns the company might have to raise more capital to compensation for its rapid cash burn.

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“Tesla and all of its shareholders” will have to perform “extraordinarily well before Musk is to receive any form of compensation going forward, the company said. But the announcement also took aim at another concern that some investors and analysts have raised in recent months: whether the South African-born Musk would remain onboard. (more…)

Bollinger Eyeing Downtown Detroit for Truck EV

Upstart moving from upstate New York to Motor City.

by on Jan.19, 2018

Bollinger Motors unveiled its all-electric prototype sport-utility/truck in Manhattan last July.

The city of Detroit just received one more affirmation that it is indeed The Motor City as upstart EV truck maker Bollinger Motors announced plans to move its operations from upstate New York to Detroit.

Bollinger founder Robert Bollinger visited Detroit during the North American International Auto Show. While originally searching for property along the I-75 corridor, but after a look around decided moving inside the city limits would be a better plan.

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Bollinger told Curbed Detroit he wants the company to be closer to the people, i.e. the talent, of Detroit, as well as the vendors. The company will move its eight-person team from New York to Detroit later this year. (more…)

PSA Lays Out 3-Stage, 10-Year Roadmap for U.S. Return

CEO calls for “100% electrified” line-up by 2025.

by on Jan.19, 2018

PSA CEO Carlos Tavares has been credited with turning around the near-bankrupt French company.

After a 26-year absence from the North American market, French automaker PSA Group is formalizing plans to reenter the market, though in a series of interviews and appearances in Detroit this week, CEO Carlos Tavares made it clear he’s not in a rush.

With the once nearly bankrupt automaker now flying high in most of its other markets, Tavares outlined a three-stage process that will take as much as a decade to complete. In the meantime, he is focusing on several other critical endeavors, including the revival of the Opel/Vauxhall operations PSA purchased from General Motors last year, as well as a plan that call for the company to have 100% of its products electrified by 2025.

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“When we go into a country we try to be really cautious,” Tavares said during a Thursday roundtable with a small group of journalists, one of several meetings he held in connection with the annual North American International Auto Show. The plan for North America is “more frugal, more humble” and will require only “a small investment,” he explained.

(more…)

Porsche Plugging In: Half its Line-up Will Be Electrified

German carmaker looking to expand battery-electric use.

by on Jan.18, 2018

Porsche is moving forward with its newest electric vehicle, the Mission E, as it expands its electrification efforts to half of its line-up.

It will be another year before Porsche’s first pure battery-electric vehicle, the Mission E, finally reaches market, but the German sports car brand already is laying out big plans to electrify.

Fully half of all Porsches will use some form of battery power by 2023, according to a presentation by Porsche Cars North American CEO Klaus Zellmer. That is expected to include not only the hybrids and plug-in hybrids currently in the line-up, but also additional BEVs like the Mission E. Porsche officials have also suggested they will eventually electrify even such classic core models as the iconic 911.

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While such a move might be a stretch for traditional Porsche buyers, the brand has begun bringing in younger buyers who are more open to experimentation, said Zellmer, speaking at the annual Automotive News World Congress. Nearly 80% of the customers who are signing up for the new Porsche Passport subscription service “have not owned a Porsche before,” he noted. (more…)

No Sale: FCA Not Negotiating with Chinese Nor Willing to Sell Off Jeep, Says Marchionne

Exec plans to release his final 5-year plan this quarter and then name his successor.

by on Jan.15, 2018

Marchionne plans to reveal his successor a few months from now but confides no women are in the running.

Fiat Chrysler Automobiles isn’t open to selling off its Jeep brand nor has it fielded any offers for a complete takeover by a Chinese company, FCA Chief Executive Sergio Marchionne said during a media roundtable at the North American International Auto Show in Detroit on Monday.

Marchionne said he wanted to clear up reports that have, in recent months, suggested Fiat Chrysler was up for sale – or that it was willing to let go of some key assets, such as the Jeep or Ram brands. But the executive did not rule out a closer relations with GAC, the Guangzhou-based automaker that serves as its partner in the Chinese market.

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“Without them we could not have gone as far as we have in China,” said Marchionne, who stressed “We are not going to break up (the company and) we are having no discussions with anyone in China interested in acquiring us.”

(more…)

Live From Detroit!

Are Sedans a Dying Breed?

by on Jan.15, 2018

The 2018 North American International Auto Show is making big news this week and revealing some of the significant trends reshaping the auto industry.

Of course, TheDetroitBureau.com is still combing the show floor to bring stories and analysis so keeping checking the site often for additional must-know news and the latest updates. (more…)

Henrik Fisker Officially Reveals Autonomous EMotion EV

Danish designer reveals plans for a “menu of mobility” that will later include affordable electrics and driverless shuttles.

by on Jan.12, 2018

The gull-winged Fisker EMotion makes its official debut at the Consumer Electronics Show.

After months of teasers, Henrik has finally pulled the wraps off his latest project, the autonomous EMotion battery-eletric vehicle making its debut at the Consumer Electronics Show in Las Vegas.

The second attempt by the Danish designer to launch his own battery-car company, the EMotion is a stunning, gull-winged sports sedan that reportedly will offer a range of up to 400 miles, even while delivering blistering performance – top speed 161 mph – thanks to a new generation of solid-state batteries.

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The EMotion isn’t due to market until sometime late in 2019. But in an interview with TheDetroitBureau.com, Fisker revealed that he is already working on future products as part of a “menu of mobility” that will include a much more affordable Tesla Model 3 fighter and even a driverless shuttle along the lines of the Toyota e-Palette concept that also debuted at CES.

(more…)

Mitsubishi Building on Strong 2017 Finish

Maker ready with new product, improving image.

by on Jan.12, 2018

Mitsubishi Motors North America EVP Don Swearingen says the brand has big expectations for 2018.

Mitsubishi emerged from 2017 as the fastest growing non-luxury brand and is pushing into 2018 with momentum thanks to a combination of new product, new advertising that has elevated the brand’s visibility in the U.S. and the support of the Renault-Nissan-Alliance.

“2017 was a challenging year for the industry, however, Mitsubishi was able to defy the trend and prove that it has the right products at the right time,” said Don Swearingen, executive vice president and chief operating officer, MMNA.

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Swearingen, however, noted during a press gathering in Detroit on the eve of the North American International Auto Show that Mitsubishi’s CUV line-up posted banner sales, up 15% over 2016. (more…)

GM Asks Feds to OK 2019 Launch of Driverless Robo-Cabs

Automaker aims to put as many as 2,500 on the road annually during test program.

by on Jan.12, 2018

GM will use an updated version of this Chevrolet Bolt EV - sans steering wheel and pedals - for the robo-cab test program.

General Motors wants permission from federal regulators to begin testing driverless robo-cabs on public roads, starting in 2019, a move that could position the Detroit automaker as one of the leaders in the development of autonomous vehicle technology.

Company officials said they would roll out as many as 25 vehicles annually under the pilot project, if given approval from the National Highway Traffic Safety Administration. GM ultimately hopes to provide the vehicles to ride-sharing services such as Lyft – in which it is a major investor – as well as its own service, Maven.

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Unlike the autonomous prototypes GM and many competitors are currently testing, the vehicles would be completely driverless and not even be equipped with pedals or a steering wheel. That is something the automaker’s President Dan Ammann called “a major milestone, adding that, “this technology will have a huge impact on the world.”

(more…)

Honda Plans to Show Off Insight Prototype at NAIAS

New hybrid fills the gap between Civic and Accord.

by on Jan.11, 2018

Honda plans to unveil the Insight Prototype at the North American International Auto Show in Detroit next week.

Honda continues to expand its electrified offerings and will show off its Insight Prototype at the North American International Auto Show in Detroit next week, and provided an early look today.

The Insight prototype is likely not going to vary much from the actual Insight, which is slated to hit dealerships later this year. It’ll be the automakers fifth electrified vehicle and it will be built alongside the Honda Civic and CR-V in Indiana.

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“The new 2019 Honda Insight signals we are entering a new era of electrification with a new generation of Honda products that offer customers the benefits of advanced powertrain technology without the traditional trade-offs in design, premium features or packaging,” said Henio Arcangeli Jr., senior vice president of Automobile Sales and general manager of the Honda Division, American Honda Motor Co. Inc. (more…)