Tesla Motors announced yesterday, May 22, that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, Tesla said May 22′s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. According
+ Read More
BMW UK revealed its network of dealers that will supply and support BMW i, the company’s new sub-brand featuring electric drive systems and premium mobility services. From launch, 46 sales agents across the UK will offer the BMW i range. Each will have specialist technical capabilities allowing them to carry out repairs to the vehicles’
+ Read More
Ford is seeing a strong demand for many of its products, including its hybrids, and will increase production accordingly. Ford said it will add an additional 200,000 units of annual straight-time capacity this year. In addition, Ford said it will produce an extra 40,000 units by idling select plants for only one week during what
+ Read More
The Nissan Leaf has won the Environment Award at the 2013 Fleet World Honours awards at a ceremony held at The Royal Automobile Club, Pall Mall. The Leaf fended off competition from rival electric and hybrid manufacturers to win one of the most significant UK fleet awards. The Fleet World Honours Car Awards are open
+ Read More
Aston Martin’s weekend of centenary celebrations at the ADAC Zurich Nürburgring 24 Hours (N24) concluded Monday May 20 with a historic finish for its unique Hybrid Hydrogen Rapide S. In a weekend that started with the British luxury sports car maker entering the history books with a zero CO2 emissions hydrogen-powered qualifying lap, the brand
+ Read More
The 2013 Ford Fusion Energi has earned the highest possible “five-star” Overall Vehicle Score from the National Highway Traffic Safety Administration (NHTSA). The five-star rating is the U.S. Government’s highest-possible safety rating and is determined only after severe testing procedures as part of NHTSA’s New Car Assessment Program (NCAP), which combines vehicle performance in frontal
+ Read More
Mitsubishi Motors Corporation (MMC) will compete in the 2013 edition of the Pikes Peak International Hill Climb (PPIHC) with a pair of all-new MiEV Evolution II all-electric four-wheel drive (4WD) prototype racecars. This year’s Pikes Peak hill climb race will be held on June 30. With the upgraded all-new MiEV Evolution II, MMC said it
+ Read More
The new 2013 Honda Civic Sedan has received the highest possible overall safety ratings from both the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS). This is good news for a car that is known to be one of the most popular small car among individual buyers The 2013
+ Read More
Daimler and Europcar’s car2go launched in Birmingham May 8 with 250 environmentally-friendly smart fortwo vehicles available to use over an area of 21 square miles. “We are proud to launch car2go in Birmingham,” said Stefan Mueller, CEO at car2go Europe GmbH. “car2go gives you the ability to go where you want, when you want –
+ Read More
Tesla has hired Aston Martin’s Chief Engineer of Vehicle Engineering, Chris Porritt, to be its Vice President of Vehicle Engineering. Tesla said Chris is a world-class leader and automotive engineer who established Aston Martin’s Vehicle Engineering team from the ground up and used his innovative approach as Chief Engineer for Aston Martin’s One-77 supercar. The
+ Read More