California EV maker Tesla has reported its Q3 results, and they’re a sizable helping of not great. But before we dive into the messy reality, let’s check in with CEO Elon Musk for an unreasonably rosy take on the loss:
We are very pleased to report steady top-line growth and significant growth in gross margin, driven by the continued improvement in Roadster orders and our growing powertrain business. Roadster orders in this quarter hit a new high since the third quarter of 2008, having increased over 15% from last quarter. While some of this is due to seasonal effects associated with selling a convertible during the summer months, we are pleased with the global expansion of the Roadster business and the continued validation of Tesla’s technology leadership position evidenced by our new and expanding strategic relationships
Translation: Toyota is investing in us… now get out of here with your awkward questions. Unfortunately for Mr Musk, it isn’t quite that simple… Read More >
I’ve test driven new cars during three periods in my life. The first of those periods, the year before I bought the Saturn in ’93, I went out every couple of weeks with a friend to do test drives. The second period was in ’96, when the same friend had me test drive the cars he was interested in while he sat shotgun, telling me that if I didn’t scare him, that would mean the car had passed the handling test. He rejected a Volvo 850 and several others, and bought an Audi A4. Then, in ’00, I helped a friend buy his Boxster, breaking my personal Vmax record on Rt. 128, Boston’s beltway in the process. My testing procedure didn’t call for 115 mph; but the car felt so firmly planted–like the Pentagon!–that I had no idea how fast I was going until I checked the speedo. Read More >
We’ve been tracking mountingopposition to E15 ethanol for some time now, and when the EPA approved the 15-percent corn juice blend for vehicles made in 2007 or later, we saw the opposition begin to crystalize. Now, the Detroit News reports that a number of oil, food and other interest groups have filed suit in a D.C. Circuit appeals court, seeking to halt the EPA’s approval of E15. According to the DetN
The petitioners argue that under the Clean Air Act, the EPA administrator may only grant a waiver for a new fuel additive if it “will not cause or contribute to a failure of any emission control device or system.”
They believe the “EPA has unlawfully interpreted the statute to achieve a particular outcome,” but EPA administrator Lisa Jackson said it was based on “sound science.”
Considering the approval was apparently based on study results from a mere 14 vehicles, it sounds like the industry groups might have a solid point here. Especially when you realize that a major motivation for E15 approval is from the fact that blenders couldn’t sell enough E10 to meet government mandates. As the video above (from June of this year) proves, the political tail has wagged the scientific dog on ethanol ever since the farm lobby realized that ethanol could be the next corn syrup. With any luck, this lawsuit could just be the point at which science re-asserts itself.
The strange looking vehicle on the right is a European-spec Mitsubishi i-MiEV, a 63 HP, 75-100 mile-range electric vehicle. The strange looking vehicle on the left is a US-spec Mitsubishi i-MiEV, specially “improved” for the US audience. USA Today puts it best, reporting
The iMiEV for the U.S. will be — surprise, surprise — bigger than the ones it sells in Japan and Europe. That’s because Americans are fatter.
In case you’d forgotten. No word on just how much bigger the i-MiEV needed to become in order to “meet the expectations of U.S. consumers,” but considering the apparent necessity of grafting on a slack-jawed underbite, one hopes the difference is noticeable on the inside. We’ll find out for sure at the LA Auto show, but in the meantime, hit the jump to find out what we hope doesn’t grow as the i-MiEV slips into something a little more American.
The car business has endured a lot of bad news over the last several years, as finance-fueled sales crashed with the credit market, and automakers around the world scrambled for government aid. The so-called “Carmageddon” has touched everyone even remotely involved with the automotive industry, not to mention everyone who pays taxes, but from a strictly consumer perspective, it hasn’t been all bad. Certainly the deals have been good, as programs like Cash For Clunkers and the wind-down of several brands have helped savvy shoppers find some of the best deals in a long time. So here’s the reality check: according to Booz & Co.’s Global Innovation 1000 study, spending on research and development by the auto sector was down $12b last year. That’s $12b that should have been spent making your car faster, smarter, safer, cleaner, better that’s no longer being spent. Still feeling untouched?
According to Auto Motor und Sport, the next-generation Porsche 911 (991) will have its wheelbase extended by ten centimeters compared to the current model, a concession to US emissions standards which are categorized by footprint. The new elfer will also lose about 88 pounds and gain stop-start technology, in yet another nod to tightening global emissions standards. Oh yes, and the handbrake will become an electrically-controlled switch similar to the unit in the Panamera. Otherwise… has anything changed? These Erlkönig spy shots reveal the biggest non-story in all of automotive-dom: the 911’s styling really won’t change all that much for its newest iteration. Yes, the most consistently-styled car of the modern era will get slightly steeper front headlights, a more tapered rear end, and fewer vestigal cooling vents that survived the switch from air-cooled to water-cooled engines, thanks to the Porsche’s legendarily stubborn styling department. Otherwise, the updates are incredibly subtle (those side vents are taped-on camo, according to AM und S).
Can the Carrera continue like this forever? Will faithfulness to its classical form ever wear thin? A quick comparison of 911 sales to Boxster/Cayman sales (4,751 to 3,036 in the US, year-to-date) suggests that’s not going to be a problem anytime soon…
This summer I had the pleasure of touring Volkswagen’s advanced research lab at an industrial park near Stanford University. VW is developing a number of advanced technologies at this Silicon Valley facility, including its autonomous driving systems and electric battery packs. But in one corner of the lab, VW techs have a driving simulator set up with cameras aimed at the driver’s face. Using these cameras, VW developers measure driver attention and focus, testing just how much the latest Google Maps-based navigation system distracts drivers, and whether a car could offer features designed to keep the driver’s attention on the road.
These are doubtless worthy goals, but this ad for the Hyundai Sonata Turbo made me wonder whether VW pays much attention to changes in facial features based on changes in performance. Surely the kick of a turbo at full boost focuses the driver away from the gadgets and gizmos that VW (and every other automaker) is trying to integrate into its vehicles, and reconnects them with the original automotive “killer app”: a compelling driving experience. Technology, it seems, is being used simply to integrate more technology while minimizing distraction. When will car companies start using that technology to assist their vehicles in providing a more engaging, emotionally-rewarding driving experience?
Like the Chrysler LHS, this one was bought for $1000. A red, automatic 4 door model with power nothing and an aftermarket radio system. Florida, land of a million rentals was flooded with these vehicles ten years ago, and why not? It is an honest and decent piece of transportation that can go well north of 200k with proper maintenance. This particular one was bought at 150k with no paint fade on it. A very surprising plus for a car from Hotlanta. But the rear seat cushion has the usual ‘smile curl’ where the ends peak upwards due to excess sun exposure and let’s face it… this one is a parts bin special. Read More >
Thought the idea of a four-door coupe was confusing? How about a five-door coupe? Or, is that a four-door shooting break? While the debate rages on, Mercedes has announced that it will produce a wagon version of its CLS four-door coupe, because, as the video above states
Mercedes is committed to the development of the coupe.
To develop the coupe you must destroy the coupe… or at least the significance of the word “coupe.” By that measure, Mercedes has done quite nicely with this car, and it doesn’t look half bad either. We’re just starting to get a little worried about where all this coupe “development” is going to end up.
This will disappoint those who were hoping for a cooling-off of the Chinese auto market. Chinese automakers in China shipped 1.2m passenger cars to dealers in October, up 27.1 percent from a year earlier, the official China Association of Automobile Manufacturers (CAAM) told Reuters today. Overall vehicle sales, which also include buses and trucks, were 1.54 million units, up 25.5 percent from a year ago. Read More >
Localities may one day issue tickets for the crime of driving under the influence of alcohol (DUI) by mail. The Russian firm Laser Systems has developed Alcolaser, a device that uses lasers to remotely detect the presence of alcohol vapors in an automobile. The Alcolaser is available in either in the form of a handheld gun the size of a police radar or in a mounted version designed to work from a moving police car.
The device takes about half-a-second to scan an automobile. According to the manufacturer, the laser has a range of 65 feet and can test vehicles moving at up to 75 MPH. Laser Systems claims that Alcolaser can detect amounts as small as a quart of beer or 3.5 ounces of vodka without being fooled by other sources of ethanol that might be present in a passenger compartment.
The worldwide auto industry is officially on the mend. Carmageddon is behind us. The future is bright and shiny. How do I know this? If Rolls Royce can have higher annual sales than in any of the 30 years before, life must be good again. And there still are 2 months to go, with some possible Rollers under some possible Christmas trees. Read More >
For decades, car dealers had nightmares about being put out of business by non-car dealers. Cars at Costco? S-Class at Sam’s Club? Except for occasional trials that always flopped, it never happened. As it turns out, not big box stores, but the manufacturers themselves are the dealers’ biggest nightmare. Instead of facing competition that tries to sell cars along with detergent and 2 for the price of 1 peanut butter, car dealers are being culled like mad cows. Read More >
Seventy-four dollars and eighty-four cents for seventy-two hours and unlimited mileage. I paid the man, took the escalator, and walked to the “Mid-Size” sign. Choose any car, they’d told me, and I had nine sad, deeply tired choices before me. Dirty and dented, scattered across the concrete tier. Welcome to Dollar Rent-A-Car.
Dealerships are a pain in the neck. The salesman tries to convince you that they’re your friend (when you know damn well they want as much money as they can squeeze out of you), getting warranty work out of them is sometimes a nightmare and, if you’re buying used, you don’t know what the car has been through. You can write a letter of complaint, but will that really help*? You may get a discounted service as compensation, but will anything REALLY change? Well, BMW wants to shake the dealership experience up a bit. In the customers’ favor. Read More >
Recent Comments