Electric Vehicles

Nissan's quarterly profit jumps on sales, yen perk

TOKYO (AP) — Nissan's quarterly profit jumped nearly 15 percent to a better-than-expected 124.9 billion yen ($1.1 billion) as vehicle sales improved in almost all regions.

The Japanese automaker, behind the Leaf electric car, Altima compact and Infiniti luxury brand, stuck to its profit forecast for the full fiscal year through March 2015 at 405 billion yen ($3.6 billion).

Electric-car drivers trading gas for solar power

DETROIT (AP) — Owners of electric vehicles have already gone gas-free. Now, a growing number are powering their cars with sunlight.

Solar panels installed on the roof of a home or garage can easily generate enough electricity to power an electric or plug-in gas-electric hybrid vehicle. The panels aren't cheap, and neither are the cars. A Ford Fusion Energi plug-in sedan, for example, is $7,200 more than an equivalent gas-powered Fusion even after a $4,007 federal tax credit.

GM to move production of Volt part to US

DETROIT (AP) — General Motors is moving production of the Chevrolet Volt's electric drive unit from Mexico to a Detroit-area factory as it updates the slow-selling car to increase its electric range and make it perform better.

The Volt can go about 38 miles on battery power before a small gasoline generator kicks in. In the revamped version, coming in the second half of next year, the battery will store more energy yet be smaller, allowing the car to go farther on battery power, CEO Mary Barra said in a speech delivered at the Detroit Economic Club on Tuesday.

Tesla unveils lease incentives to boost sales

The Wall Street Journal

There’s still a waiting list to get a Tesla Motors Model S sedan, but U.S. sales through September were down 26 percent compared to the period a year earlier, and the company has now launched incentives including a lower cost leasing plan and a “happiness guarantee,” The Wall Street Journal reports.

Volt drive manufacture moves to Michigan: GM

The Wall Street Journal

CEO Mary Barra will announce details of General Motor’s moving the manufacture of the electric drive for its Chevrolet Volt from Mexico to Michigan, during a speech Tuesday to the Detroit Economic Club, The Wall Street Journal reports.

Michigan: Snyder inks bill barring Tesla direct sales

The Washington Post

Saying the bill had strong support from lawmakers and merely reinforces existing measures, Michigan Gov. Rick Snyder Tuesday signed legislation backing the power of auto dealers and preventing Tesla Motors from selling directly to consumers, The Washington Post reports.

Daimler sells stake in Tesla for $780 million

Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.

The buyer was not disclosed.

The Germany-based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla made the battery packs and chargers for the two-seat electric Smart and developed part of the electric drive system in the B-Class Electric Drive.

Bill to block Tesla sales reaches Michigan governor

Automotive News

A bill aimed at blocking Tesla Motors Inc. from making direct sales to customers in Michigan has cleared the state's legislature, and its fate now lies with Republican Gov. Rick Snyder who can deliberate until Oct. 21, Automotive News reports.

Tesla adding all-wheel drive, safety features

HAWTHORNE, Calif. (AP) — Luxury electric car maker Tesla Motors is making its Model S sedan faster and safer in an effort to compete better with other high-end sedans.

At an open-to-the-public unveiling Thursday night that included bumping music, free alcohol and test rides on an airport tarmac, CEO Elon Musk unveiled an all-wheel-drive version of the car that includes self-driving features he called "auto pilot."

The announcement ended a week of speculation following a cryptic Musk tweet that said, "About time to unveil the D and something else."

Tesla announcement involves automated driving, sources tell Bloomberg


The coming announcement from Tesla Motors that CEO Elon Musk previewed on Twitter last week involves adding automated driving features to its cars, people familiar with the matter told Bloomberg.


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