Thursday was a very sobering day indeed. As the Dow plunged to below 9000, GM shares continued their very dramatic slide.
When the Volt was first introduced, GM stock was around $30 per share, eventually reaching $40, at the close of today’s session it had dropped 31%, reaching a staggering $4.76 which dropped its market capitalization [...]
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After the Volt unveiling the Toronto Star had a fruitful Q& A with GM vice-chairman Bob Lutz.
Lutz told reporters that because things have gone so well, the Volt is actually ahead of schedule. He indicated that he was now 99.9% sure the Volt will be a success, and that as a result it will [...]
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Most people coming here either for the first time or regularly are likely to have heard about the EV-1, GM’s previous electric. But not as well known is GM’s more distant electric vehicle history. Automotive News has an excellent article detailing some of that.
From 1912 to 1917 GM built a line of electric [...]
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Continue Reading...Shai Agassi is the CEO of Project Better Place (PBP). That is a well-financed endeavor to create an infrastructure of battery charging/swapping stations across, at present, Israel and Denmark. The concept is that electric cars would be cheap if they didn’t have batteries in them. The batteries would be owned by PBP, [...]
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Prior to seeing the production version of the Volt unveiled, we speculated whether it would have two charging ports as did the concept, or one. We actually took a poll here indicating that most readers preferred one well-placed charging port to two.
It turned out the production car has one charging port which is located just [...]
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In case you missed it, CBS 60 Minutes aired a piece tonight called “Race for the Electric Car,” the video is below. The interview features Elon Musk of Tesla and GM vice chairman Bob Lutz.
There wasn’t any breakthrough information here.
Lutz tells the story about how GM was inspired by Tesla. He mentions the [...]
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GM revealed the Chevrolet Orlando MPV7 concept this week at the Paris Motor Show.
The car is built on the same global compact delta platform as the Chevy Volt and Cruze. GM notes this is an entry into a new segment for the brand, a small footprint 7-seater with “impressive interior space,” and an adaptable [...]
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GM and the Chevy Volt turned up three “7s” on the Congressional slot machine. First, automakers got the $25 billion in low interest government loans. Second, the Wall Street bailout will likely help the beleaguered auto industry. Third, plug-in tax credits have now been signed into law.
The now passed by the House [...]
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GM and Honda chose this week’s Paris Motor Show to debut new cars that are expected to sell in high volumes, the Chevy Cruze and the Honda Insight.
INSIGHT
The Insight is a low-cost hybrid. It uses an Integrated Motor Assist (IMA) system, which is actually a mild hybrid, in that the car never drives on [...]
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GM vehicles offer OnStar technology which allows a satellite to detect the vehicle’s position through GPS and communicate with it.
Because of the Volt’s unique characteristics and GM’s goal for it of maximizing EV range and minimizing petroleum use, there are several opportunity for productive synergy in this regard.
I spoke with Bob Kruse, GMs executive Director [...]
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Continue Reading...On our journey to the Volt, we have to check in regularly on the financials, as we know the Volt depends on GMs survival. Things have been very tough for automakers this year with sales down through the end of August an average of 11%. This from high oil prices and slowing economy, [...]
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Since the production Chevy Volt was unveiled, GM has begun showing it around the country. It was seen at the Alt Car expo in California, and also was shown last week at a closed media event at Texas Motor Speedway, so-called the heart of NASCAR.
It is of interest that NASCAR fans love the speed, [...]
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Continue Reading...An interesting potentially revolutionary sideline to the Volt/electric car story is the secretive Texas company called EEStor. They have reportedly been working on a special low-cost, low-weight, super-high energy density electrical storage device similar to an ultracapacitor, called the EESU. As much of a breakthrough as this device seems on paper, no one [...]
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