Tag: Electrified Vehicles

Ford Starts Converting Mustang Mach-E GT Reservations to Orders Starting April 28

Ford begins converting reservations to orders for the Mustang Mach-E GT and GT Performance April 28.

Fans of the Mustang Mach-E who have been sitting on the sidelines waiting for the GT to come available, it’s time to charge up those checkbooks as Ford apparently will start taking orders for the high performance model next week.

According to macheforum.com, Ford dealers were just informed the “Mustang Mach-E Job 2 (including Mustang Mach-E GT) order bank, order guide, and price list will launch on the afternoon of Monday, April 26th.”

The letter goes on to say that customers can convert their GT reservations to orders beginning April 28. It then tells the dealers to what they need to do to make certain the process goes smoothly and follows up with an additional note.

“For Mustang Mach-E GT Reservation customers: Some customers may believe that they can ensure an earlier build date by placing a new retail order and cancelling their reservation. This is not true. New retail GT orders will likely be scheduled into the ‘22MY. The best way for customers to get their vehicle as soon as possible is to follow the intended reservation-to-order process.”

Ford is informing reservation holders for the Mach-E GT it’s time to move from reservation to order status.

Several other posters in the forum confirmed the initial report, with one even sharing an email that links to a website.

High-performance model

Those with reservations will have some options beyond “Can I afford this?” There are two version of the vehicle available: the GT and GT Performance Edition. Both models put out 480 horsepower, use an 88 kWh battery pack, come with dual motors and all-wheel drive.

The GT Performance puts out 634 pound-feet of torque compared with 600 lb-ft for the regular GT. It takes a range hit for the extra torque traveling just 235 miles on a full charge compared with the 250 miles from the GT.

The GT Performance races from 0 to 60 mph in just 3.5 seconds whereas the GT makes that run in a slightly slower 3.8 seconds.

The GT Performance Edition comes equipped with a MagneRide damping system, Ford Performance seats, 20-inch machined-face Ebony Black-painted pockets paired with 245/45R20 Pirelli summer tires.

Prices for the Mach-E GT start at $61,600, including destination fees. That’s offset slightly by the $7,500 federal tax credit that Ford EVs are still eligible for. Deliveries of the new GTs are slated to begin this fall.

Early adopters get a trophy

For those who want to be the first to experience all new tech, i.e. early adopters, Ford offered them a little reward for their zeal. Mach-E First Edition customers in the U.S. are getting a special collectible wireframe pony sculpture that matches the color of their vehicle. The sculptures are created with the help of 3D printing at Ford’s Advanced Manufacturing Center.

Each Mustang Mach-E First Edition customer will receive a special collectible wireframe pony sculpture in the color corresponding to their vehicle’s paint job.

The sculpture is based on the large-scale wireframe model of the pony featured at the global reveal of Mustang Mach-E in November 2019.

The wireframe pony sculptures are 3D-printed in white plastic in-house at the Ford Advanced Manufacturing Center in Redford. They are then sent to a dye facility where they are dyed one of three colors — Rapid Red Metallic, Grabber Blue Metallic or Carbonized Gray — to correspond with available color choices for First Edition. Included is a baseplate with the vehicle’s VIN.

The collectible wireframe pony marks the first time Ford has issued a 3D-printed component as part of a gift directly to the customer — and it’s allowing additive manufacturing to establish a new-use case within the enterprise.


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Genesis Goes Electric with Electrified G80 Sedan’s Debut in Shanghai

Genesis G80 EV front

Genesis is looking to make up some ground when it comes to electrification with the new Electrified G80.

The Genesis brand is determined to go from catch-up mode to leaving its competition behind. After an initial delay, it’s rolled out an assortment of new SUVs and its now getting into the battery-car game with the launch of the Electrified G80 at the Shanghai Auto Show.

The name of the Genesis Electrified G80 sedan might confuse some folks, making it sound like the automaker simply stuffed some batteries inside the conventional, gas-powered G8. However, the new model gets a major makeover to ensure it gets the range and other benefits offered by switching to battery power.

“Today is very special because it represents a variety of firsts for the Genesis brand, not only because this is Genesis’ very first appearance at Auto Shanghai, but also as the first time we are unveiling a new product outside of Korea,” said Jay Chang, Global head of the Genesis brand. “The Electrified G80, the perfect balance of athleticism and elegance, marks the beginning of our journey into the EV market, representing Genesis in the era of electrification.”

Filling in gaps in the product line-up

Genesis G80 EV side charging

Genesis has been on a product roll in the last year or so, but an EV was a hole in the line-up — until now.

Genesis has been on a roll this past year, expanding its SUV line-up, updating initial sedans, including the gas-powered G80, and rolling out concepts like the all-electric Genesis X coupe revealed last month.

The one thing missing has been a production battery-electric vehicle, something the automaker has long signaled was in the works — though it also was known to be considering different options, including a crossover, a city car or, as it now turns out, a relatively conventional sedan.

There are some questions left to be answered, such as what platform the Electrified G80 rides on. Parent Hybrid Motor Group has developed the E-GMP architecture for use on products including the new Hyundai Ioniq 5 and Kia EV6.

It’s not clear whether it also underpins the Genesis Electrified G80. But the luxury member of the family has clearly found a way to squeeze in plenty of batteries, claiming the BEV sedan will deliver as much as 500 km, or 310 miles, range using the global NEDC standard. That likely would drop to something at or under 250 miles using the U.S. EPA test cycle.

Quicker charging

Genesis G80 EV interior

The interior of the new electric G80 sedan features a slew of technology.

The powertrain also aims to address concerns about charging times. The Electrified G80’s drive system can flip from 400 to 800 volts, allowing it to plug into the latest public quick chargers. Using the newest 350 kilowatt systems it can go from a 10% to 80% state-of-charge in just 22 minutes, Genesis claims.

The Vehicle-to-Load, or V2L, system also lets a motorist tap energy stored in the battery to power electric tools or, if need be, appliances should a home suffer a power outage.

Genesis isn’t ready to reveal specifics about the motor drive system, though it does note the all-wheel-drive system has a “Disconnector Actuator” that lets it switch from AWD to just rear-wheel drive. That suggests there is a single motor mounted, most likely, on the rear axle.

In Sport Mode, the automaker claims, the Electrified G80 will launch from 0 to 60 in 4.9 seconds.

Lots of unanswered questions

While the battery model looks much like the conventional G80, it features a sealed version of the familiar Genesis Crest Grille. That reduces aero drag since there’s no need to send air to cool and feed a gas engine under the hood. The charging port is hidden within the grille’s upper right corner.

Inside, the automaker switched to sustainable materials, including fabrics made of PET from recycled soft drink bottles.

Calling electrification “one of the key strategies” for the brand, Genesis said the Electrified G80 will be followed by “additional EV models.” It also said it will share more information about the BEV and plans to bring it to North America “later this year.”


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Volkswagen Ponders Porsche Offering to Fund EVs

Porsche steering wheel

Volkswagen reportedly is considering an offering of Porsche stock to help fund its $86 billion EV plan.

Bringing EVs to market costs big money, forcing some automakers to go public to raise cash – Volkswagen possibly being next.

Reports suggest that VW is pondering a listing of Porsche AG. The money raised designed to help with the roll out more than $86 billion in electric vehicles set to come mid-decade. German business publication Manager Magzin reported the plan is only in the discussion stage.

The listing, which reportedly could net as much $30 billion, would only be for part of the sports car maker and wouldn’t occur until next year, the publication reported. Some analysts believe if Porsche AG were to be spun off entirely it could be worth more than $120 billion.

Volkswagen’s not alone

VW says it will roll out 50 electrified vehicles across all its brands by 2025.

The rumor comes on the heels of Daimler AG’s move to separate its truck unit into its own separate company in the third quarter of this year. The idea is to “unlock the full potential” of the businesses, which some analysts believe means some sort of offering to raise cash.

Once the split occurs, the car unit will need to fund its ongoing expansion of its electrification effort and that could conceivably come in the form of issuing new shares. The new business will be named Mercedes-Benz AG.

Plenty of other automakers have benefitted from IPOs, notably Ferrari and Aston Martin. However, with the influx of new EV makers moving closer to production around the world, the final push to the finish line requires a massive amount of cash.

EV makers raising money

Nascent electric vehicle companies have been scurrying around looking to add more money to their coffers, the latest company added to the list is Rivian. The company raised more than $8 billion from private investors since the start of 2019, including a recent round netting the company $2.65 billion in fresh money.

Volkswagen has designated $86 billion to bring more than 50 EVs to market in the next few years, including the ID.4.

However, as the company is closing in on building pre-production and early run production electric trucks and SUVs at its plant in Normal, Illinois, the idea of having enough liquidity to get through the process must weigh heavy on the top minds there.

With all of the other EV makers raising money through reverse mergers with blank-check companies and getting listed and a fat check, Rivian appears to be on board. Reports suggest the company is preparing for a conventional IPO this fall that could net it as much as $50 billion.

Other EV companies that have secured additional funding through offerings include Fisker, Lordstown Motors, Faraday Future, Lucid Motors and Nikola Motors. Also, the king of EV mountain repeatedly offered new shares to raise funds.


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Is Ford Making an All-Electric Mustang? Maybe

 

Could the next-gen Ford Mustang coupe come only as a battery-electric model?

Ford Motor Co.’s gotten such an overwhelmingly positive reaction to the all-electric Mustang Mach-E, it’s rumored to be making the next-generation of the sports car a fully electric offering as well.

According to AutoForecast Solutions, the automaker will not build the next version of the pony car until 2028. The reason for the delay? It needs to be redesigned on a battery-electric platform. Further, it’s expected to be the only powertrain for the new Mustang.

“… the gas-fueled burble of the V-8 is replaced with the shocking acceleration of an electric motor when the standard Mustang becomes an EV in just a few years,” said Sam Fiorani, vice president of global vehicle forecasts, in the company’s podcast on Jan. 18.

(New Mustang Mach-E is just the first step in “electrification” for Ford.)

 

The early success of the Mustang Mach-E suggests that an all-electric version of the sports car could be well received by aficionados.

Fiorani’s podcast was followed by a report by Autoline Detroit Tuesday, recounting the AFS report about the next version of the Mustang. Although it isn’t out of the question for the Mustang to get an electric powertrain, for it to be the only offering is a bit surprising.

Many have suggested some form of electrification, such as a small electric motor to add some more power and torque has certainly been bandied about. Several other sports cars have move to the hybrid set up to boost performance.

It should be noted that in 2017 the automaker killed a $1.6 billion investment in Mexico, redirecting $700 million of that to expand the Flat Rock plant. Ford would add a new body shop at the site to handle two unnamed battery-electric vehicles, officials said at the time, although it was suggested that one would be a hybrid.

The site currently produces just the Mustang, which until recently included the Shelby GT350 and GT350R models. Those two vehicles have been discontinued, with the GT500 living on and now the Mach 1 making a comeback later this year. Ford officials have not responded to TheDetroitBureau.com at the time of publication.

Ford officials have long maintained that electrification was part of the company’s future, not its sole focus, unlike its rival, General Motors, which has been dealing with some electrification rumors lately too. Last week, reports resurfaced that an all-electric Chevrolet Corvette was in the works, but following in Ford’s footsteps.

 

Ford announced plans in 2017 to invest $700 million in its Flat Rock, Michigan, plant, which currently builds only the Mustang, to build electric vehicles.

(Ford axes $1.6B Mexico plant for $700M Michigan upgrade.)

While General Motors insiders never really downplayed reports about the potential electrification of the ‘Vette, including a fully electric model. However, last week there were reports that the bowtie brand was considering an electric Corvette crossover like the Mustang Mach-E because of the warm reception it’s getting.

The flames were fanned during CES2021 when GM officials talked about offering a variety of new electric vehicles between now and 2030. Earlier reports centered on a 1,000-horsepower monster dubbed the Corvette Zora, named after the creator of the original car. The move to create an all-electric crossover would check off two “rumor” boxes, if you will: an all-electric model and the creation of a separate Corvette sub-brand.

The downside, of course, is that Corvette loyalists would shun it immediately. It’s been barely a year since the eighth-generation Corvette – the C8 to fans – made its debut, marking the switch to a mid-engine layout, the most radical shift for the sports car in its nearly seven decades on the market.

Several senior members of the Corvette team have hinted at plans in conversations with TheDetroitBureau.com, among other things indicating the new car’s platform could allow space for a battery pack.

(Could an all-electric Corvette crossover be in the works?)

Several purported timetables have emerged indicating Chevrolet is working on hybrid or plug-in versions of the sports car. But when directly asked about the opportunity of a hybrid model, GM President Mark Reuss has responded on several occasions with the company’s new mantra, that it is “on a path to an all-electric future.

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Ford Fusion Could Stage a Return — This Time in Crossover Form

Rumors are flying that the Ford Fusion is coming back as the Fusion Active: a crossover.

The once-popular Ford Fusion nameplate appeared to be heading off to the great junkyard in the sky last year as the automaker set off to eliminate its passenger car line-up, but it may soon make a comeback.

Images leaked out on Instagram show what appears to be an all-new version of the Fusion, albeit this time in in crossover form that, some are speculating, will be dubbed the Fusion Active. The images, along with insider tips, suggest it will fall somewhere between a classic CUV body style and a conventional wagon, on the order of the Subaru Outback or the short-lived Buick Regal TourX.

The exact source of four images, three showing partial exterior details, the last a bit of the interior, have been circulating online after originating on some Chinese websites. But rumors of a Fusion revival have been out there since even before Ford finally shut down U.S. production of the midsize Fusion sedan last August.

(End of an era at Ford as last Fusion rolls off production line.)

If it is actually a revival of the Fusion nameplate, it’s unlikely to hit the U.S. until 2022.

If all this proves accurate, we can expect to see the Fusion Active come to the U.S. market in the next couple years — though it may make its initial debut in Europe under the Mondeo badge used for the sedan outside of the States.

There’s no question that the crossover market is hot. According to IHS Markit, utility vehicles, overall, could account for 55% of the new products sold in the U.S. this year. But products in the nether world between wagons and CUVs have been a mixed bag: the Outback a consistent seller, the TourX never gaining serious traction.

Beyond the tall wagon exterior, the single interior shot reveals a high-tech focus, starting with a dashboard that is all but entirely covered by video screens. While there’s no way to get the measuring tape out, the displays appear to cover nearly as much territory as in the latest-generation Cadillac Escalade, and only slightly less than in the Byton M-byte prototype that debuted at the Consumer Electronics Show last January.

(The Ford Fusion is dead — for now anyway.)

Like automakers in general, Ford has been growing the size of the screens in its latest vehicles, the new Mustang Mach-E being the best example. But that laptop computer-sized display doesn’t come near to covering as much real estate. One is left wondering how even the latest version of the Ford Sync entertainment system would be used to fill up such a large display setup. Then again, Ford has suggested it could use its in-car displays to deliver entertainment — at a price.

The Fusion Active certainly gets a focus on technology with a massive screen or set of screens on the dashboard.

There is also the possibility that what we’re looking at is a concept vehicle, rather than the final production model. Massive video displays have become the hot design element of the moment, much like all-glass roofs and sideview cameras were a few years back.

As far as powertrains are concerned, speculation centers around several options, including a version of the 250-horsepower 2.0-liter turbo-4 offered in the latest Ford Escape. But several electrified packages also appear to be in the works, including one using a 2.5-liter gas engine eschewing conventional turbochargers in favor of twin electric motors. All-wheel drive is a certainty, though the hybrid system is likely to for a through-the-road AWD layout with no connecting driveshaft.

(2019 Ford Fusion to be the “most sophisticated” sedan ever.)

Chances are the Ford Fusion/Mondeo Active will debut late in 2022 or even early 2023. It would not just fill a gap left by the demise of the Fusion but also flesh out the automaker’s broad SUV line-up.

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Tesla’s Latest System Update Sounds Like Real Gas

Tesla’s latest update for its vehicles allows some of them to fart at passersby.

Tesla’s are aspirational vehicles for many because they can be super fast, drive by themselves with supervision for short periods of time and they’re the first viable daily driver EV that is kind of affordable in the U.S.

However, it’s also the irreverence that CEO Elon Musk continues to infuse the Model S, 3, X and Y with that also makes them appealing. Being able to watch movies, play games or even enjoy a fire (or at least a looped video of one) while you’re in the vehicle is just icing on the cake.

Now, the California-based EV leader is looking to share his innate silliness enjoyed by owners with people outside the vehicle with a new feature called “Boombox.” Part of the latest vehicle update package, it allows owners to download up to five sounds that drivers can use to “honk” at passersby — and yes, a fart noise is one of them.

(Tesla’s Musk was ready to sell EV maker to Apple for $60 billion.)

Using the massive touchscreen, Tesla owners can set up their 2019 or new vehicles to play music outside like the ice cream man or for a tailgate.

The engineers patch these sounds through a small speaker in the front of the vehicle, which already emits a low whirring sound designed to inform pedestrians that a Tesla EV is nearby. Unfortunately, this speaker only arrived in 2019 or new model year Teslas.

In addition to passing gas at people on the street, you can bah like a goat, applaud, play the song “La Cucaracha” as well as other sounds. Once you load the noises of your choice into the system, drivers only need to hit the horn to brighten people’s day with applause as they walk down the sidewalk.

There are a few “restrictions.” The sounds are deactivated while the vehicle is in motion so the only sounds coming out of the speaker is the aforementioned whirring noise or the regular horn so the driver to express dismay, alarm, anger or some other necessary warning to others on the road.

(Tesla CEO Musk open to possible merger.)

However, since there are no rules on what sound must come from the vehicle to warn pedestrians of that an EV is in the area, the system can be set up to play downloaded noises continuously. The siren from a fire truck, ambulance or police car, although appealing, is not an option here. The speaker can also be used to stream music while parked as events like tailgates, picnics, etc.

The Model 3 would be the first vehicle Tesla exported to India, which could lead to a production site later.

“Boombox” wasn’t the only upgrade owners got recently. Others include updates to the driving visualizer, cabin preconditioning when unplugged, Supercharger display enhancements and new games. The new games include The Battle of Polytopia, Cat Quest and Solitaire.

In addition to the newest updates, Musk realigned the company’s expected move into India. Originally slated for next month, he told a Twitter follower that it wouldn’t be in January, “but definitely this year.” The company will start with vehicle sales in the world’s second most-populous country and later may add production, depending upon demand.

(Tesla gets green light to sell Shanghai-built Model Y in China.)

Plans call for the Model 3, the least expensive of Tesla’s offerings, to hit the subcontinent first, with prices expected to start at over $74,739, or 5.5 million Indian rupees, according to a report in the Economic Times on Saturday.

Cadillac Ready to Buy Out Dealers Who Won’t Go Electric

Some dealers are balking at Cadillac’s push to invest in EV sales and service, which can top $200K.

As Cadillac prepares to become an all-electric luxury brand it is offering dealers who don’t want to plug in incentives to go away.

For the last several years, General Motors CEO Mary Barra has said the automaker is on a “path to an all-electric future,” and the automaker last week said it would boost its spending on EVs and autonomous vehicles by 35% through mid-decade. While all GM brands will be part of the transition, the switch is expected to move particularly fast at Cadillac which hopes to be 100% electric by decades end.

But the luxury brand has been running into resistance from some dealers who are balking at spending the estimated $200,000 it will cost to install chargers, train staff and make the other investments needed by the time the brand’s first all-electric model, the Lyriq, reaches showrooms in 2022. For them, Cadillac is offering buyouts that can reach “upwards of $500,000” to give up their franchises.

(CEO Barra wants GM to be dominant global EV maker.)

“We wanted to move fast and make sure dealers are ready for the acceleration,” Mahmoud Samara, vice president of Cadillac North America, told trade publication Automotive News. “This is purely an option for those dealers who feel the EV journey is not suitable for them.”

Some Cadillac dealers have been offered as much as $500K in buyout packages.

This isn’t the first time Cadillac has looked at thinning its herd. For many decades it was the industry conventional wisdom that the strongest manufacturers had the largest dealer base. That perception began to change as imports moved into the mainstream in the 1970s and 1980s. And the arrival of foreign luxury marques like Mercedes-Benz, Lexus and BMW showed clear advantages to having fewer retail outlets.

Until now, however, buyout programs have had relatively little impact and Caddy still has far more dealers, based on sales volumes, than its key foreign competitors. But that appears to be set to change.

All-electric vehicles like the Lyriq will require some big investments by Cadillac dealers. They will have to install chargers, purchase new tools and then train both sales and service staff to deal with the new products. The typical investment is expected to run around $200,000 – but can run to several times that amount if a major renovation is required. For smaller dealers, that could make the difference between a profit and a loss.

(GM investing $2B to build Cadillac Lyriq at former Saturn plant.)

“Enough money is being offered” in buyout incentives “that it is clearly getting the attention of a lot of the smaller dealers,” Shawn Mercer, a Tallahassee, Florida attorney who represents a number of dealers in that region, told the trade publication.

GM is serious about Cadillac’s electrification, investing $2 billion to build the new Cadillac Lyriq at its Spring Hill, Tennessee plant.

The automaker has been generous, according to several of those quoted, with offers that are running at $300,000 or more, some dealers getting buyout bids topping $500,000. That sort of money can equal the sort of profits they otherwise might not see for five years or more.

“They’re looking at this as a godsend, almost,” said Stuart McCallum, an automotive consultant from Princeton, New Jersey.

For others, however, the money may not be worth getting out of the business, especially for those heavily dependent upon the Cadillac franchise. Good dealerships can go for millions of dollars when the market is strong. But one of the challenges will be to figure out whether the Cadillac brand is worth betting upon.

Automakers, in general, are pushing into the electric vehicle space at a pace few might have anticipated five years ago. And that’s particularly true of luxury brands that will face bigger challenges meeting new emissions and fuel economy mandates going forward. Electric powertrain technology can allow them to continue delivering the sort of power and performance high-line buyers demand, even as improved lithium-ion batteries allow for substantially more range.

(End of the “oil era”?)

Cadillac’s goal is to offer as much as 400 miles per charge, brand boss and GM’s North American President Steve Carlisle said earlier this year. He also said that Caddy hopes to be selling battery-electric vehicles exclusively by 2030.

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Former VW, Porsche, BMW and Tesla Execs Join Forces at New EV Startup

Several top former auto execs are joining forces at Piech Automotive in Switzerland. The first EV will be the GT2 coupe.

While it may not be quite as well known as that of the Porsche family, the Piech name is equally storied among automotive insiders and enthusiasts. Together, these frequently squabbling relatives can lay claim to having helped create two of the European industry’s most important brand names: Porsche and Volkswagen. And now, the Piech name will be applied to a new sports car being launched as part of a new, all-electric marque based in Switzerland.

Piech Automotive plans to have its first model, the GT2, in showrooms late in 2022, with at least two other models to follow.

The company might be dismissed as just one of the many startups hoping to profit from the global transition from internal combustion to electric propulsion, but there are several reasons why it deserves a closer look. The most significant is the fact that it is being run by a high-powered group of former Porsche, BMW, Tesla and Volkswagen executives, notably including one Matthias Mueller.

(Mueller out, Diess in at VW — and more shakeups to come.)

The Piech GT2 will reportedly race from 0 to 62 mph in less than three seconds.

Mueller was a one-time head of the Porsche brand and rose to become the CEO of Volkswagen AG after the German automaker’s diesel emissions scandal broke in 2015. He was subsequently ousted in a boardroom coup three years later, replaced by Herbert Diess who had been recruited from BMW.

Mueller now will serve as the chairman of Piech Automotive and his appointment comes at a critical time.

The BEV startup first showed off what was then called the Piech Mark Zero concept at the 2019 Geneva Motor Show and has been pushing for funding ever since. It expects the next funding round underway now will help it raise enough capital to take the sports car into production – newly renamed the Piech GT2.

In what is now the norm for electric vehicle design, the GT2 will rely on a skateboard-like platform that will be flexible enough to handle multiple “top hats,” or bodies, with two more apparently in development, according to the company.

Also in an approach becoming quite common among high performance BEV brands, the GT2 will rely on a three-motor layout, one on the front axle, two in the rear. The combined package set to deliver 450 kilowatts of power, or 603 horsepower. That will be enough, Piech claims, to hit 100 kph, or 62 mph, in “under three seconds.”

The new GT2 will put out 603 horsepower and can be charged from zero to 80% full in just 40 minutes and 40 seconds.

(EVs cost half as much as gas-powered vehicles for maintenance.)

While the size of the battery pack hasn’t been disclosed, the two-seater is said to have a range of 310 miles using a long-range pack, and 250 miles with the standard one. These are based on the European WLTP test cycle so, if the Piech GT2 comes to the U.S., it would likely come in 10 to 20% lower.

Recharging, meanwhile, will take as little as 40 minutes and 40 seconds from empty to 80% of capacity, Piech claims. While details of the sports car’s electric architecture hasn’t been released that would clearly indicate it can use the latest 350 kilowatt public fast chargers and operates at or above 800 volts.

Currently, the only vehicle capable of using such chargers to their full capacity is the Porsche Taycan, though it is expected to become more the norm in the years ahead as it brings charging times down to what motorists currently expect when filling a gas tank.

As for the Piech name, it is one of the family branches of the family tree linked to Ferdinand Porsche. He’s the engineering genius who helped create the original “people’s car,” or Volkswagen, and who later went on to lend his name to the eponymous Porsche sports car company.

Matthias Mueller once headed up VW and is now Piech Automotive chairman.

His most notable heir, at least within the auto industry, was Ferdinand Piech who was named Volkswagen AG CEO in 1992 and later became the company’s chairman. Piech eventually became embroiled in the diesel scandal and other controversies. He died in August 2019 at the age of 82.

(Former Volkswagen chief Ferdinand Piech dies at 82.)

Mueller, who was considered a Piech protégé, will join an assortment of former industry leaders running the new EV startup. That includes its new technical director, Klaus Schmidt, who was once a senior figure at BMW Motorsport, as well as Jochen Rudat, who set up Tesla’s European distribution network.

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Tesla’s New Model S Plaid May Make You See Green

It was Battery Day, but revealing that the Tesla Model S Plaid was now available nearly stole the show.

Tesla Inc.’s long-awaited Battery Day was supposed to unveil some stunning news, and it did, but not necessarily about the company’s battery technologies.

Instead it’s product news that nearly stole headlines, starting with the company’s new Model S offering: Plaid. CEO Elon Musk showed he wasn’t content to sit on the sidelines after the recent of introduction of the Lucid Air essentially put “Baby in the corner” with a 500-mile-plus range and stunning track times.

The new Plaid version of the sedan races from 0 to 60 mph in less than 2 seconds while sprinting the quarter mile in just 9 seconds — both besting Lucid’s public times for the Air – and with a range of at least 520 miles. Yup. It’s pricey, starting at $134,000, and it can be ordered now with delivery, according to the website in “late 2021.”

(Tesla speaking truth about its power today at Battery Day.)

Musk also noted the Plaid’s performance at Laguna Seca, which it scorched in a time of 1:30.3 and it could be about “3 seconds lower,” he noted.

Tesla CEO Elon Musk said the company plans to build a $25,000 electric vehicle.

“We’re confident the Model S Plaid will achieve the best track time of any production vehicle ever, of any kind — two door or otherwise,” Musk bragged.

In addition to the omygoshitsfast new Model S, he revealed that the company is moving toward an as-yet-named $25,000 car. He noted that the company is “confident” it can design and manufacture a “compelling $25,000 electric vehicle so, you know, this has always been my dream from the beginning of the company.”

He also added that the new $25K EV would be autonomous and it would cost less to operate and maintain tha a gas- or diesel-powered for the same price. “So actually, it becomes even more affordable at that $25,000 price point,” pointed out Drew Baglino, senior vice president, Powertrain and Energy Engineering.

(Tesla stock craters overnight, rebound uncertain.)

Additionally, Musk revealed that the company will build two version of the Cybertruck. He said the company had at least 600,000 pre-orders for the uniquely designed pickup truck, which is slated to be built at its future Gigafactory Texas, just outside of Austin, Texas.

Tesla’s Cybertruck will be built in two sizes, the smaller being an offering for international markets.

“The orders are gigantic,” he said. “Basically we’ve stopped counting.”

He said the company could produce between 250,000 and 300,000 annually to meet demand. He also noted that while the company wanted to try to build one version that could be sold globally, but the specs for the U.S. truck and mandates for global requirements “basically you can’t make this truck, it’s impossible.” The U.S version will be slightly larger than its international counterpart, which he described as a “tight Wolverine package.”

He also noted that the company will begin rolling out the full version Autopilot within the next two months, noting that the technology has improved dramatically. Musk said he’d been testing the “leading edge Alpha version” of the technology for months, and he realized that it needed to be completely “rewritten.” The new version uses 3D video to help with its labeling, making it 10 times more accurate than previous versions.

(Tesla raising $5 billion by selling stock after 5-for-1 split.)

“It took us quite a while,” he said, adding later that “you can think about cars as laptops on wheels,” in the sense that they are more technology than the machines of the past.

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Battle Between Nikola, Hindenburg Heats Up with SEC Probe

Nikola’s Trevor Milton continues to deny many parts of the recent report from Hindenburg Research accusing the company of fraud.

The battle between Nikola Corp. and Hindenburg Research is heating up as the U.S. Securities and Exchange Commission is now investigating the EV startup based on some of the allegations laid out in a recent report by the short-selling research firm.

Nikola, which recently finalized a $2 billion deal with General Motors, angrily denied the charges in the report, fraud being the most damning, and suggested it may file suit against the research firm about the allegations. Since then, the company has started working with SEC investigators. The SEC has not commented on the probe.

“On September 11, Nikola’s legal counsel proactively contacted and briefed the U.S. Securities and Exchange Commission (SEC) regarding Nikola’s concerns pertaining to the Hindenburg report. Nikola welcomes the SEC’s involvement in this matter,” the company said in a statement.

(Nikola CEO Angrily refutes claims of short-selling research firm.)

In the wake of the report, the Phoenix-based company revealed it engaged law firm Kirkland and Ellis to evaluate its options. The research report, which was released Sept. 10, is titled “How to Parlay an Ocean of Lies into a Partnership with the Largest Auto OEM in America.”

Hindenburg Research’s report claims that Nikola committed fraud to get a deal with GM.

While clearly a reference to the new deal with GM, the firm claimed on its website, “Today, we reveal why we believe Nikola is an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career.”

The ongoing news temporarily put GM Chairman and CEO Mary Barra on the hot seat during a question-and-answer session during her online appearance at the RBC Capital Markets Global Industrials Virtual Conference. Barra touted the new deal with the EV upstarts, saying that it was a great strategic fit for the automaker and its own electric vehicle development program.

“It allows us to have more people using the technology, which gives us the advantage of scale, which will help us drive costs down,” Barra said.

(GM forges $2B deal with Nikola to build trucks, develop new electric and fuel-cell technology.)

“And then from a fuel cell perspective, using the Hydrotec fuel cell technology, and entering a new segment for us, a growth segment, again validating our fuel cell technology, I think it starts to unlock an all-new growth area for us as it relates to fuel cells.”

GM Chairman and CEO Mary Barra said earlier that the company had done due diligence on Nikola.

However, when pressed about the allegations in the Hindenburg report, including that Nikola engaged in “lies and deception” in showcasing its electric vehicle technology, including staging a video that showed one of its trucks cruising down a hill, Barra said the company had conducted its due diligence before closing the deal. She then referred further questions about Nikola to representatives of the Phoenix-based company.

Nikola was on the offensive earlier Monday, noting there were “dozens” of inaccurate statements in Hindenburg’s report, and it outlined several examples. It also made the same claims last week when the report was initially released.

Aside from denying many charges, the company is also explaining some of the them in the report, such as towing one of its truck prototypes to the top of a hill and allowing it to roll down, appearing to be operating under its own power.

(Nikola Motors begins taking reservations for Badger hydrogen/electric pickup.)

“Nikola never stated its truck was driving under its own propulsion in the video, although the truck was designed to do just that (as described in previous point),” the company states. “The truck was showcased and filmed by a third party for a commercial. Nikola described this third-party video on the Company’s social media as ‘In Motion.’ It was never described as ‘under its own propulsion’ or ‘powertrain driven.’”

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