After some last minute intrigue it appears the fate of Fisker Automotive has finally been decided. Initially it appeared that the company's assets would be sold to Hybrid Tech Holdings llc, a Hong Kong-based company controlled by businessman Richard Li. However, a Delaware Bankruptcy Court put the company's holdings up for an open public auction allowing a winning bid from China's Wanxiang America.
The bottom line was price with Wanxiang outbidding the competition. Fisker filed for bankruptcy in November of last year and Hybrid offered $25 million in a private bid that would have given little or nothing to Fisker's unsecured creditors. At auction Hybrid raised their bid to $55 million only to lose out to Wanxiang's bid of $149.2 million. Wanxiang is China's largest auto-parts group and the owner of A123 Systems, they make a lithium-ion battery that was used by Fisker.
Showing posts with label vehicle. Show all posts
Showing posts with label vehicle. Show all posts
Monday, February 17, 2014
Thursday, January 30, 2014
The Sale of Fisker Still Up in the Air
The sale of electric car company Fisker is turning out to be quite a soap opera. A decision by US Bankruptcy Court has put the remains of the company up for public auction. A late bid by Wanxiang, China's largest auto parts manufacturer has reopened the bidding on Fisker's DOE loan debt. Although it looked like Hybrid Technology Holdings (HTH), an investor group led by Hong Kong tycoon Richard Li was set to take control of Fisker's remaining assests, the late bid from Wanxiang has scuttled the deal.
Saturday, January 18, 2014
Video - Green Vehicles at the 2014 Detroit Auto Show
Although green vehicles were in scarce supply at the 2014 Detroit Auto Show compared to previous years, here are visuals for some of the greenest cars on display at this year's show. This includes offerings from:
Toyota's Resource Efficiency: Best Practice in Integrating Industrial Sustainability and Eliminating Waste
Resource efficiency is the rage in 2014 and Toyota is one of the world’s most resource efficient companies. Simply put Toyota abhors waste and here is a summary of Toyota's secrets to achieve radical resource efficiency. Steve Hope, General Manager Environmental Affairs and Corporate Citizenship, Toyota Motor Europe, explains how Toyota has dramatically improved its resource efficiency, reducing its energy, water and waste per vehicle by 70%, 75% and 60% respectively from 1993 to 2007. This video effectively summarizes the systems, processes, culture, enablers, tools and habits that have helped Toyota to reach the top of their industry.
Video - Nissan BladeGlider Zero Emission Electric Concept Car
While green cars were MIA at the recent Detroit Auto Show, the Nissan BladeGlider was one of several zero emission vehicles unveiled at the 43rd Tokyo Motor Show in November. The BladeGlider is a futuristic Delta Wing electric car concept designed by Ben Bowlby. His wedge shape may look showy but it has real practical aerodynamic benefits including an awesome drag coefficient. This 3 seat concept is only 3.3 feet across the front. The BladeGlider is an ultra light weight vehicle that is stable and corners as well as anything in its class. The power and drive trains is where this car truly shows its green credentials.
Tuesday, January 14, 2014
Electric and Hybrid Cars MIA at the 2014 Detroit Auto Show
Greener cars appear to be missing at this year's Detroit Auto Show. One of the most high profile vehicles at the show was the the 620-horsepower 2015 Chevrolet Corvette Z06. Other notable vehicles on display were two 2015 products from Ford, the F-150 pickup truck and the iconic Mustang. Even Kia has opted to focus on performance over efficiency by debuting a concept sports car called the GT4 Stinger. Electric, hybrid and fuel cell vehicles were altogether absent in Detroit this year.
In 2010 almost all the major automakers were aggressively promoting a growing number of electric and hybrid cars. The Ford Fusion hybrid won the 2010 North American Car award at the North American International Auto Show in Detroit. Toyota introduced the FT-CH concept car, a subcompact hybrid. BMW showed the ActiveE concept, Honda debuted the CR-Z a two-seat hybrid. Audi unveiled its e-tron, an electric sports car that can accelerate to 60 mph in less than five seconds. Subaru shared its Hybrid Tourer concept, Tesla released its Model S sedan, Volkswagen put its hybrid-powered NCC on display and Volvo announced its test fleet of 50 electric C30s. However, at the 2014 Detroit auto show there are no global debuts of new plug-in electric cars, hybrids or even new diesel vehicles, but there are lots of luxury models, high-performance cars and sports cars.
In 2010 almost all the major automakers were aggressively promoting a growing number of electric and hybrid cars. The Ford Fusion hybrid won the 2010 North American Car award at the North American International Auto Show in Detroit. Toyota introduced the FT-CH concept car, a subcompact hybrid. BMW showed the ActiveE concept, Honda debuted the CR-Z a two-seat hybrid. Audi unveiled its e-tron, an electric sports car that can accelerate to 60 mph in less than five seconds. Subaru shared its Hybrid Tourer concept, Tesla released its Model S sedan, Volkswagen put its hybrid-powered NCC on display and Volvo announced its test fleet of 50 electric C30s. However, at the 2014 Detroit auto show there are no global debuts of new plug-in electric cars, hybrids or even new diesel vehicles, but there are lots of luxury models, high-performance cars and sports cars.
Friday, December 13, 2013
General Motors: Government Bailout to Environmental Sustainability
On Monday December 9, the US government sold its remaining stake in General
Motors Co. (GM). While the automaker is doing well financially, it is also
making progress in terms of sustainability.
By most accounts the government bailout of the U.S. auto industry was a success. This view is convincingly communicated in a new study by the Center for Automotive Research (CAR) called ”The Effect on the U.S. Economy of the Successful Restructuring of General Motors.”
The U.S. government was repaid the $39.5 billion it lent to GM as part of the 2008-2009 auto bailout, which forced GM and its Chevrolet division into a government-backed bankruptcy. According to the CAR study, in addition to saving 2.6 million jobs in 2009, the bailout preserved $284.4 billion in personal income between 2009 and 2010. In less than five years GM and other American automakers have become profitable and they have added more than 372,000 new jobs. However, the bailout was not only an economic success, it bought GM time to improve its environmentally destructive trajectory.
By most accounts the government bailout of the U.S. auto industry was a success. This view is convincingly communicated in a new study by the Center for Automotive Research (CAR) called ”The Effect on the U.S. Economy of the Successful Restructuring of General Motors.”
The U.S. government was repaid the $39.5 billion it lent to GM as part of the 2008-2009 auto bailout, which forced GM and its Chevrolet division into a government-backed bankruptcy. According to the CAR study, in addition to saving 2.6 million jobs in 2009, the bailout preserved $284.4 billion in personal income between 2009 and 2010. In less than five years GM and other American automakers have become profitable and they have added more than 372,000 new jobs. However, the bailout was not only an economic success, it bought GM time to improve its environmentally destructive trajectory.
Thursday, December 12, 2013
Increasing Vehicle Efficiency with New Lightweight Materials
New lightweight materials will help the automotive industry to be more efficient. Vehicular propulsion is all about the power to weight ratio. Lighter weight vehicles require less energy and are therefore more efficient. According to a report from Lux Research new lightweight technologies are able to provide the same degree of structural robusticity as heavier traditional materials. This is a trend that Lux Research anticipates will revolutionize the transportation sector.
These emerging lightweight structural materials save fuel, which is an important strategic consideration for car makers both to minimize energy requirements and to save on fuel costs. Energy use is expected to rise 53 percent from 2008 levels to 765 quadrillion BTUs in 2035.
These emerging lightweight structural materials save fuel, which is an important strategic consideration for car makers both to minimize energy requirements and to save on fuel costs. Energy use is expected to rise 53 percent from 2008 levels to 765 quadrillion BTUs in 2035.
Wednesday, December 11, 2013
Wednesday, December 4, 2013
The Winner of the Solar Decathlon 2013
In October, eighteen collegiate teams from around the world went to Irvine, CA to participate in the U.S. Department of Energy Solar Decathlon 2013. Collegiate teams composed of architecture, engineering, business and communications students designed, built and operated
solar-powered houses that are cost effective, energy efficient and
attractive.
In addition to home design, almost half of the competition teams showcased an electric vehicle next to their house.
Introduced in 2011, the competition requires that all houses be constructed for $250,000 or less to earn maximum points.
In addition to home design, almost half of the competition teams showcased an electric vehicle next to their house.
Introduced in 2011, the competition requires that all houses be constructed for $250,000 or less to earn maximum points.
Tuesday, October 29, 2013
Monday, October 21, 2013
Fisker May be Saved by Hong Kong Tycoon's Investor Group
Hong Kong tycoon Richard Li, who is already invested in Fisker, has put together an investment group that has bought the ailing electric car company's $168 million loan from the US Department of Energy. By buying the loan Li will be free to restructure the company without being fettered by DoE obligations.
Fisker, which was started in 2007, secured over a billion dollars in investment. However, in July 2012 the company suspended building the plug-in hybrid Karma, its extended range luxury electric sedan, when battery producer A123 Systems Inc. went into bankruptcy protection. The company also suspended development of its less expensive ($55,000) Atlantic.
Fisker, which was started in 2007, secured over a billion dollars in investment. However, in July 2012 the company suspended building the plug-in hybrid Karma, its extended range luxury electric sedan, when battery producer A123 Systems Inc. went into bankruptcy protection. The company also suspended development of its less expensive ($55,000) Atlantic.
Saturday, October 12, 2013
Video - Winner Crosses Finish Line at the 2013 Bridgestone World Solar Challenge
Watch the final moments of the grueling Bridgestone World Solar Challenge as the winning team for 2013 crosses the finish line in northern Adelaide, Australia. This 3000 kms event highlights some of the best solar powered car technology in the world.
Related Post
2013 Bridgestone World Solar Challenge in Australia
Wednesday, October 9, 2013
2013 Bridgestone World Solar Challenge in Australia
The biennial Bridgestone World Solar Challenge is a platform to showcase the world’s most efficient electric cars. In addition to presenting leading solar technology the event also inspires young people to address the imperatives of sustainable transport.
Solar car teams from 23 countries are competing in one of the world's most prestigious and grueling sun powered car races. By the end of the race cars will have traveled a total 3000 kms through the Australian Outback. However, the event is about far more than a long distance car race. The Bridgestone World Solar Challenge showcases innovation, adventure and achievement and brings cutting edge renewable energy technology to the forefront in an effort to find a sustainable future for the planet.
Solar car teams from 23 countries are competing in one of the world's most prestigious and grueling sun powered car races. By the end of the race cars will have traveled a total 3000 kms through the Australian Outback. However, the event is about far more than a long distance car race. The Bridgestone World Solar Challenge showcases innovation, adventure and achievement and brings cutting edge renewable energy technology to the forefront in an effort to find a sustainable future for the planet.
Wednesday, April 10, 2013
The Top 10 Best Selling Hybrid Cars in the US (2013)
There are a number of hybrid vehicles that have flooded the marketplace in the last few years. The number of available hybrid brands in the US market has more than doubled since 2007. There were a total of 434,498 hybrid electric vehicles sold in the US in 2012. The EIA estimates that in 2010 there were about 9 million alternative fuel vehicles in the United States. According to Annual Energy Outlook 2013, in 2010 there were 1,890,265 Hybrid Gas/Diesel-Electric vehicles in the US. As reported in June, 2012 there were 2,180,000 hybrid cars in the US.
Toyota has consistently offered the most fuel efficient hybrid vehicles. As of 2009 Toyota had captured almost three quarters of the US hybrid market. Although Toyota now has considerably more competition, they remain the dominant force in US hybrid sales in the 2013 model year with two best selling hybrid cars and five cars in the top 10.
Here is hybridCars' 2013 list of the ten best selling hybrid cars in the US along with their fuel efficiency numbers and price tags:
Toyota has consistently offered the most fuel efficient hybrid vehicles. As of 2009 Toyota had captured almost three quarters of the US hybrid market. Although Toyota now has considerably more competition, they remain the dominant force in US hybrid sales in the 2013 model year with two best selling hybrid cars and five cars in the top 10.
Here is hybridCars' 2013 list of the ten best selling hybrid cars in the US along with their fuel efficiency numbers and price tags:
Friday, April 5, 2013
Two Leading Japanese Electric Cars: Honda Fit EV and Mitsubishi i-MiEV
Japan has been the world leader in well priced fuel efficient small cars for decades and this leadership continues as we enter the era of electric vehicles. The Honda Fit EV and the Mitsubishi i-MiEV are two of the best Japanese small cars and two of the most fuel efficient vehicles in the world.
The 2013 Honda Fit EV (Electric vehicle), has received a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPG (equivalent), and an unprecedented low consumption rating of just 29 kilowatt hours (kWh) per 100 miles. The EPA estimates that annual fuel costs will be only $500.
The 2013 Honda Fit EV (Electric vehicle), has received a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPG (equivalent), and an unprecedented low consumption rating of just 29 kilowatt hours (kWh) per 100 miles. The EPA estimates that annual fuel costs will be only $500.
Exploring the Demand for Hybrid Vehicles in the US
Hybrid vehicles are gaining in popularity in the US. The three primary reasons appear to be that consumers want to save money on gas, minimize their environmental impacts and reduce America's dependence on foreign oil.
An analysis from Frost & Sullivan reveals that revenues in the US market totaled $373.2 million in 2005 and reached $851.9 million in 2012.
A 2012 Harris Interactive poll indicated that interest in hybrids is growing across all demographics but particularly the younger (18-35) demographic. For this group 32 percent of those polled indicated interest in hybrids. Of those polled 23 percent said they are more interested in hybrid technology vehicles than in pure electric or pure gas vehicles, while 9 percent expressed interest in a fully electric vehicle.
An analysis from Frost & Sullivan reveals that revenues in the US market totaled $373.2 million in 2005 and reached $851.9 million in 2012.
A 2012 Harris Interactive poll indicated that interest in hybrids is growing across all demographics but particularly the younger (18-35) demographic. For this group 32 percent of those polled indicated interest in hybrids. Of those polled 23 percent said they are more interested in hybrid technology vehicles than in pure electric or pure gas vehicles, while 9 percent expressed interest in a fully electric vehicle.
Thursday, April 4, 2013
Meanest Vehicles for the Environment in 2013
Make and Model | Specifications | Emission Standard a | MPG: City | MPG: Hwy | Green Score |
FORD F-350 FFV b | 6.2L 8, auto stk 4wd | Bin 8 | 11 | 16 | 17 |
FORD F-250 FFV c | 6.2L 8, auto stk 4wd | Bin 8 | 11 | 16 | 17 |
FORD E-350 WAGON d | 6.8L 10, auto | Bin 8 | 10 | 13 | 17 |
CHEVROLET G2500 EXPRESS (CARGO CONVERSION / GMC G2500 SAVANA (CARGO CONVERSION) (MDPV) e | 6.0L 8, auto | Bin 8 | 10 | 15 | 18 |
CHEVROLET SUBURBAN K2500 / GMC K2500 YUKON XL f | 6.0L 8, auto 4wd | Bin 5 | 10 | 15 | 19 |
BUGATT VEYRON | 8.0L 16, manual Awd [P] | Bin 5 / LEV II | 8 | 15 | 19 |
FORD E-150 WAGON FFV | 5.4L 8, auto | Bin 8 | 12 | 16 | 21 |
MERCEDES-BENZ G63 AMG | 5.5L 8, auto 4wd [P] | ULEV II / Bin 5 | 12 | 14 | 21 |
BENTLEY MULSANNE | 6.8L 8, auto stk [P] | Bin 5 / LEV II | 11 | 18 | 21 |
MERCEDES-BENZ G550 | 5.5L 8, auto 4wd [P] | ULEV II / Bin 5 | 12 | 15 | 22 |
FORD F-150 RAPTOR | 6.2L 8, auto stk | Bin 4 | 11 | 16 | 22 |
FORD E-250 VAN FFV | 5.4L 8, auto | Bin 8 | 12 | 16 | 22 |
[P] denotes premium gasoline. "auto stk" denotes manually adjustable automatic transmission. a A listing with two emission standards (e.g., Tier 2 bin 5 / LEV II) denotes a single vehicle carrying both a federal and a California emission certification. Green Scores for such listings reflect the cleaner of the two certifications. b The 2wd version of this vehicle scores a 19 c The 2wd version of this vehicle scores a 19 d The E-250 Van earns a score of 18 . e The passenger version of these vehicles score a 19 f The 2wd version of these vehicles score a 20 |
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The Greenest Vehicles of 2013
Make and Model | Specifications | Emission Standard | MPG: | MPG: | Green |
TOYOTA PRIUS C | 1.5L 4, auto | SULEV II / Bin 3 | 53 | 46 | 58 |
HONDA FIT b | Electric (Li-ion battery) | ZEV | 3.9 | 3.1 | 57 |
TOYOTA PRIUS | 1.8L 4, auto | PZEV / Bin 3 | 51 | 48 | 55 |
TOYOTA PRIUS PLUG-IN HYBRID c | Electric (Li-ion bat.) / 1.8L 4, auto CVT | PZEV / Bin 3 | 3.9 / 51 | 3.0 / 49 | 55 |
HONDA CIVIC HYBRID | 1.5L 4, auto | PZEV / Bin 2 | 44 | 44 | 55 |
HONDA INSIGHT | 1.3L 4, auto | Bin 3 | 41 | 44 | 54 |
VOLKSWAGEN JETTA HYBRID | 1.4L 4, auto | PZEV / Bin 3 | 42 | 48 | 53 |
MERCEDES-BENZ SMART FORTWO CONVERTIBLE / COUPE | 1.0L 3, manual [P] | ULEV II / Bin 5 | 34 | 38 | 53 |
SCION IQ | 1.3L 4, auto | ULEV II / Bin 5 | 36 | 37 | 53 |
FORD FOCUS b | Electric (Li-ion bat.) | ZEV / Bin 1 | 3.3 | 2.9 | 52 |
TOYOTA PRIUS V | 1.8L 4, auto | SULEV II / Bin 3 | 44 | 40 | 52 |
FORD FUSION HYBRID / C-MAX HYBRID |
2.0L 4, auto | Bin 3 | 47 | 47 | 51 |
[P] denotes premium gasoline.
"auto CVT" denotes continuously variable automatic transmission.
a A listing with two emission standards (e.g., Tier 2 bin 2/ PZEV) denotes a single vehicle carrying both a Federal and a California emission certification. Green Scores for such listings reflect the cleaner of the two certifications.
b Fuel economy for electric vehicles is provided in miles per kilowatt-hour.
c Fuel economy for plug-in hybrids is provided in miles per gallon for gasoline operation and in miles per kilowatt-hour for electric operation
Source: Greenercars.org
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Wednesday, April 3, 2013
Ford Motor Co.: Green or Greenwashing?
Ford Motor. Co. has a long, albeit mixed history of developing greener vehicles. Their strategy appears to focus on offering more choice to consumers than their competitors. Ford started working on cleaner vehicles in the 1990's when they explored air-hybrid cars, but they abandoned the plan because they lacked the necessary technology to move forward with the project. Around 2005 while the company was selling large volumes of gas guzzling SUV's Ford was simultaneously making big promises about delivering greener cars. However they failed to live up to their promises.
Ford now offers a wide range of vehicles in a number of different classes. Their lineup includes everything from large horsepower combustion powered engines to fully electric engines and everything in between.
In 2008, while other American automakers were on life support Ford moved forward without a government bailout (although they did benefit from the government's Cash for Clunkers program more than the other US car makers).
For the last few years Ford has enjoyed considerable success. In 2010, Ford swept the North American Car and Truck Awards, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.
Ford now offers a wide range of vehicles in a number of different classes. Their lineup includes everything from large horsepower combustion powered engines to fully electric engines and everything in between.
In 2008, while other American automakers were on life support Ford moved forward without a government bailout (although they did benefit from the government's Cash for Clunkers program more than the other US car makers).
For the last few years Ford has enjoyed considerable success. In 2010, Ford swept the North American Car and Truck Awards, marking only the third time in the 17-year history of the award that a single automaker has claimed both titles.
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