Electric Vehicles

US judge orders auction for auto maker Fisker

WILMINGTON, Delaware (AP) — A U.S. bankruptcy judge on Friday ordered a competitive auction for the assets of Fisker Automotive, rejecting a proposal by a group led by Hong Kong billionaire Richard Li to assume control of the failed electric auto manufacturer in a private sale.

U.S. Bankruptcy Judge Kevin Gross refused to accept Hybrid Technology LLC's plan to use $75 million it said it is owed as Fisker's senior secured lender as a credit bid for Fisker's assets. Agreeing with Fisker's official creditors committee that a competitive auction was the best way to maximize recoveries for Fisker creditors, Gross capped Hybrid's credit bid at $25 million.

Chinese auto parts conglomerate Wanxiang Group Corp. offered an alternative cash bid of $35.7 million as the starting point for a competitive auction.

Alternative energy powered cars on a roll at CES

LAS VEGAS (AP) — While autonomous driving is a major theme at the International CES gadget show, cars that use futuristic sources of energy are potentially much closer on the horizon.

Ford Motor Co. showed off a prototype solar hybrid car called the C-MAX Solar Energi, which has a gas engine along with rooftop solar panels that also power the engine. The car is designed to park under a 15-foot-tall carport made of a thin magnifying glass called a Fresnel lens that concentrates the sun's rays onto the panel to efficiently generate electricity. The carport isn't portable. So the car has to stop and recharge.

Seven hours of sunlight gives a full charge — the average amount of light in a typical American city, according to Michael Tinskey, Ford's associate director of vehicle electrification and infrastructure.

Wanxiang says it might build Fisker cars in US

DOVER, Delaware (AP) — A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand.

Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.

California-based Fisker, which had planned to build cars at the former General Motors plant in Delaware, filed for bankruptcy protection in November. The move culminated a long, downward spiral that began after Fisker received a $529 million loan commitment from the U.S. Department of Energy.

Despite review, Tesla maintains federal 5-star safety rating

Source: 
Bloomberg

Tesla Motors Inc., whose electric Model S sedan is under review by the National Highway Traffic Safety Administration for battery-related fires, will maintain the agency's 5-star safety rating for the 2014 model, Bloomberg reports.

Tesla says charger not to blame in garage fire

Source: 
Bloomberg

Tesla Motors, currently facing a safety inspection of its Model S sedan by the National Highway Traffic Safety Administration, said a power socket fire at a garage in Southern California wasn't caused by one of its vehicles or  charging systems, Bloomberg reports.

Quick sale in Fisker bankruptcy remains on track

WILMINGTON, Delaware (AP) — A judge gave preliminary approval Tuesday to failed electric-vehicle maker Fisker Automotive's description of its proposed bankruptcy plan, despite expressing concerns that the bankruptcy case was moving too rapidly.

SolarCity to back up solar with Tesla batteries

NEW YORK (AP) — The solar panel installer SolarCity is beginning to address one of solar power's big drawbacks: The sun doesn't always shine.

Mitsubishi cuts electric car price after weak sales

Source: 
Bloomberg

Mitsubishi slashed the U.S. price of its i-MiEV electric car by 21 percent to boost sales after the company sold just 12 of the vehicles last month, Bloomberg reports.

Tesla faces lobbying battle with dealers in several states

Source: 
Bloomberg

Franchised vehicle dealers have spent millions in campaign efforts to block online sales of vehicles in several states, pushing Tesla Motors Inc. to turn to lobbying methods that include vehicle test drives for lawmakers, Bloomberg reports.

Tesla CEO expects feds to clear Model S in fires

DETROIT (AP) — The leader of upstart automaker Tesla Motors is confident that its Model S car is safe and will be cleared by a federal investigation into two battery fires.

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