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By William Maley
If there is one thing the Fiat Chrysler CEO Sergio Marchionne has been consistent on aside from changing his mind on a number of things is his dislike on electric vehicles.
Speaking to reporters this week at the New York Stock Exchange, Marchionne said there isn't a viable economic model for electric cars.
"We still don't have a viable economic model for delivering an electric car. As much as I like Elon Musk, and he's a good friend and actually he's done a phenomenal job of marketing Telsa, I remain unconvinced of a ... economic viability of the model that he's pitching," said Marchionne.
Marchionne believes the costs for batteries and the various technologies need to come down to make them viable. Otherwise, automakers should focus on developing hybrid and plug-in hybrid powertrains.
"So how do we find a convergence of technology bringing prices of components down and allows us to price accordingly — or we need to navigate through this process in a combined way between combustion and electrification to yield at least a minimum of economic returns that allows for our continuity? The last thing you want is me to be successful selling cars for 24 months and then go bust. That's not a good story. Especially in a place like this which rewards economic success. Let's not sit here and design our own future in the tank. Let's try and do it properly. We will do all the right things. We are investing without making a lot of noise on electrification. We will combine it with combustion to yield the right level of CO2. But we're not betting the bank on going fully electric in the next decade. It won't happen," said Marchionne.
Source: The Street
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-
By William Maley
If there is one thing the Fiat Chrysler CEO Sergio Marchionne has been consistent on aside from changing his mind on a number of things is his dislike on electric vehicles.
Speaking to reporters this week at the New York Stock Exchange, Marchionne said there isn't a viable economic model for electric cars.
"We still don't have a viable economic model for delivering an electric car. As much as I like Elon Musk, and he's a good friend and actually he's done a phenomenal job of marketing Telsa, I remain unconvinced of a ... economic viability of the model that he's pitching," said Marchionne.
Marchionne believes the costs for batteries and the various technologies need to come down to make them viable. Otherwise, automakers should focus on developing hybrid and plug-in hybrid powertrains.
"So how do we find a convergence of technology bringing prices of components down and allows us to price accordingly — or we need to navigate through this process in a combined way between combustion and electrification to yield at least a minimum of economic returns that allows for our continuity? The last thing you want is me to be successful selling cars for 24 months and then go bust. That's not a good story. Especially in a place like this which rewards economic success. Let's not sit here and design our own future in the tank. Let's try and do it properly. We will do all the right things. We are investing without making a lot of noise on electrification. We will combine it with combustion to yield the right level of CO2. But we're not betting the bank on going fully electric in the next decade. It won't happen," said Marchionne.
Source: The Street
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By dfelt
Green Auto Sales Up
Gotta love it when you can find stories of research that shows the growth of the GREEN AUTO movement. Autoblog just posted their review of the September numbers and I just love this section from the story:
"GM once again was buoyed by demand for the Chevrolet Bolt EV, which resulted in 2,632 units sold. That more than offset the 28 percent decline in Chevy Volt extended-range plug-in sales. Overall, GM green-car sales jumped 56 percent from a year earlier."
So the highlight numbers are as follows:
Hybrids / Plug-ins up 8% from a year earlier at 44,000 units.
Plug-in sales were robust advancing 18% from a year ago at 14,500 units.
Ford saw a 24% increase in Green Auto Sales over last year.
Honda saw a 89% increase in Green Auto Sales over last year.
BMW saw a 3% increase in i auto sales
Toyota saw a 3% decline
Nissan saw a 20% decline as people held off for Leaf 2.0
First 9 months of 2017 saw 354,000 units sold or 8.6% increase in sales over last year. 122,000 units or 31% of that was Plug-ins.
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By dfelt
Tesla delivers only 220 during the Quarter due to Bottlenecks
Tesla says it is on track to deliver 100,000 S & X models by the end of the year and have Model 3 production up to 5000 units per month. Yet with that, they have also stated that due to bottlenecks on the assembly line, they are behind in building and delivering Tesla 3 to the public.
I found the comment by another reader on the story of their quarterly report to be very spot on.
To quote JSH who posted the following: "It seems that skipping basic steps in the tooling and manufacturing development process didn't pan out. It turns out that automotive manufacturers do know a bit more about making cars than a tech start up. This shocks no one except the fan-boys."
Tesla Quarterly Report by Autoblog
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By dfelt
Tesla Semi?
Tesla teased everyone with this picture of their new City hauling 200-300 mile range Class 8 Semi EV.
A reddit user saw this in california in an area known to be used by Tesla to test their EV projects. Is this the Tesla 200-300 mile range EV Class 8 Semi that is promised to be unveiled Oct 26 2017?
Autoblog Video
Is this the future of Silent delivery in our cities?
autoblog story
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