A battery-powered 268-horsepower two-seat sports car is in line to become Chrysler LLC’s first electric car, provided the carmaker lives to see another day.
To survive, help is needed from Italy’s Fiat but, as negotiations with the Italian automaker bog down and the two week deadline to hammer out a partnership approaches, the company’s future – as well as its aspirations for an electric hot rod – are increasingly in doubt.
Chrysler’s first electric car, set to be introduced late next year around the same time as General Motors’ Chevrolet Volt, will be a sports car with a zero-to-60 time of under five seconds and a top speed of 120 miles per hour…Â Details
Electric car business Tesla Motors Inc. took 711 reservations, at $5,000 a pop, for its model S sedan, due out in late 2011, in the two weeks since it first showed the car.
That adds up to $3.5 million for the company, although the $5,000 reservation fees are refundable.
The sedan model will cost about $57,500 each, although owners will be eligible for a $7,500 tax credit, cutting the cost to about $50,000…Â Details
The United States has about 250 million registered vehicles, which adds up to a lot of pollution and burning of fossil fuels. New Energy Technologies, Inc. prefers to look at it another way, however – they see those 250 million vehicles as a potential energy source and have developed a prototype engineered to harness some of the kinetic energy being generated, and wasted, by moving cars and light vehicles.
The company’s MotionPower system is designed to trap small amounts of kinetic energy drivers generate simply by driving over the energy-capturing device. Having successfully engineered and built the first prototype… Details
Warren Buffett hasn’t just seen the car of the future, he’s sitting in the driver’s seat. Why he’s banking on an obscure Chinese electric car company and a CEO who – no joke – drinks his own battery fluid.
Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. You should invest in a business that even a fool can run, because someday a fool will. And perhaps most famously, Never invest in a business you cannot understand…Â Details