Autos News

See the latest automotives news up there
Subscribe

IKLAN 336x280

C1 Bank offers free Mercedes-Benz with new $1M account

May 02, 2012 By: athony Category: Automobiles

n/a

Are you tired of getting cheap gifts for signing up for a brand new release bank account? Perhaps you’ve received some free pens or if you’re lucky, a gift card. Well toss out all those inexpensive trinkets, because Florida’s C1 Bank is offering a free Mercedes-Benz when local residents sign up for a brand new release bank account. The Tampa Bay Buccaneers, Pewter Partners and Crown Eurocars, a Mercedes-Benz dealer, have all teamed with C1 Bank to present this unique promotion. The announcement coincides with the name change of Community Bank to C1, which occurred today.

So who exactly qualifies for the free 2012 Mercedes-Benz? It appears that the only people that qualify for the promotion are already financially endowed enough to purchase a Benz. In order to receive a brand new release car, clients must enroll in a brand new release five-year $1,000,000 CD account at C1. Customers that sign up for such an account will have their choice of the 2012 SLK350 Roadster, 2012 E350 Sedan, 2012 ML350 SUV, and 2012 E350 Convertible. As an added bonus, brand new release cars will come with tags, title, licenses and taxes all paid.

That told, clients will not earn the general APY, which is associated with C1’s five-year CD. “C1 Bank is offering its clients the ability to drive off in their own brand brand new release Mercedes-Benz just for moving their money to C1 Bank. In this interest rate environment where the five year CD has an APY of 1.20% it is thrilling to change the game with the instant gratification of a spectacular Mercedes-Benz that our client will own including tax, title, and license,” told C1 Bank CEO Trevor Burgess.

Larry Casto, General Manager of Crown Eurocars also spoke of the offer stating, “Crown Eurocars is extremely excited about this innovative program and are pleased to join C1 Bank in this effort. In doing so, we look forward to this partnership further enhancing both our commitments to serving the Tampa Bay community.”

Aside from forfeiting APY, there are several other details in the fine print. First, there is a limit of two vehicles per household. Secondly, when you cash out you will receive exactly what you put in. Clients will essentially get a $60,000 car and the initial $1 million they contributed. Individuals that wish to remove their funds early will be charged a withdrawal fee of $3,000 and will be docked the entire price of the Mercedes-Benz vehicle.

Photo: Mercedes-Benz

Source: C1 Bank

This entry passed through the Full-Text RSS service — if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.


Fisker Karma wins two prestigious design and innovation awards

May 02, 2012 By: athony Category: Automobiles

n/a

Amid the troubles surrounding Fisker Automotive, a pair of rays of sunlight beamed upon the company in the form of two awards. The company announced today it had received First Prize in the Transportation Competition of the International Design Awards, as well as the Silver prize in Electric Vehicles in the Edison Awards.

The last few months has seen a number of troubles beset Fisker Automotive, from a battery pack recall (due to defective batteries supplied by A123 Systems), to the Department of Energy loans being frozen and the subsequent layoffs and delays in getting the Fisker Atlantic into production. These two prestigious awards could go a long ways to counteracting the perception that problems surrounding the company.

The International Design Awards are meant to recognize “visionary design,” discover brand new release or emerging talent, and to increase the appreciation of product design. The Fisker Karma has the looks required to make certain types of people drool upon seeing the car, so it’s not entirely surprising for the car to win a design award.

“As a car designer, there’s nothing like having your work recognized and appreciated by other people in different disciplines of the same industry,” told Fisker co-founder and executive design director Henrik Fisker. “We are honored to have the IDA recognize and endorse the sleek and bold design of the Fisker Karma.”

The Edison Awards is one of the highest accolades a company can receive in the name of innovation and business. The awards, which focus on innovative or excellent brand new release products or services, are in their 25th year and is meant to represent the spirit of innovation exemplified by Thomas Edison. The Fisker Karma was awarded the Silver prize in the Electric Vehicles category of transportation products.

Thomas Stat, 2012 Edison Awards Steering Committee Chairman told, “As the pace of innovation quickens and the “race to next” becomes ever more competitive, it’s increasingly essential to take a moment out of our hectic lives to recognize excellence in innovation and greatness in the teams of innovators who make our future. We are honored to present Fisker Automotive with an Edison Award as one of the leading innovators of today and tomorrow. I had the privilege to directly experience the elegance, luxury, and Strength of the Edison Award-winning 2012 Fisker Karma in brand new release York City. I’ve never seen so many heads turned from pedestrians and other drivers as the Fisker Karma drove past them.”

In the last few months the Fisker Karma also won BBC Top Gear’s Luxury Car of the Year, Automobile Magazine’s 2012 Design of the Year Award, and was nominated as one of TIME Magazine’s 50 Best Inventions of 2011.

This entry passed through the Full-Text RSS service — if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.


Concerns over high fees to charge electric cars at fast charge stations are validated

May 02, 2012 By: athony Category: Automobiles

n/a

Commercial electric vehicle fast charging stations are beginning to be availcapable in the Chicagoland and SF Bay areas, and as predicted earlier the users like the convenience but are not happy with the fees to access the charging stations.

The existing stations in the field are owned by 350Green, and require having a “CharJit” card to use the stations. CharJit cards are availcapable from 350Green and cost $21 for 3 charging stations, or $7 per charging session. Each charging session gives 30 minutes of access to a charging station. The company is installing networks in the Chicago area, and the SF Bay Area.

The eVgo network in California has not yet been built, but we do know a few things about the fees. In Texas, eVgo charges three levels of monthly fee two of which include access to the eVgo Freedom Stations, for approximately $30/month premium. In California, the agreement with eVgo requires credit-card based access for anybody for those who do not have an eVgo membership, at a cost between $7 and $15 per charging session.

Current laws and electricity regulations prevent a company like 350Green or eVgo from reselling electricity. This means charging station fees are not based on the kilowatt-hours consumed while charging the car. This is unlike the cost of gasoline at the pump, where gasoline station owners buy gasoline at wholesale prices, sells it at a retail price, and pockets the difference. Instead the fee to use a charging station is based on the length of time the car is plugged in.

The following video shows two fairly typical charging scenarios and the cost to use a 350Green fast charging station in Chicago.

In the first scenario, a Nissan Leaf pulls up with a nearly empty battery pack. After 30 minutes the dashboard gauge showed 79 miles estimated remaining range, and 8 bars out of 12. The claim for fast chargers is “80% recharge within 30 minutes or so”, but this scenario showed the car being filled to 67% full (8 bars out of 12) in exactly 30 minutes of charging. The cost: $7, for a full 30 minutes of charging.

In the second scenario, a Mitsubishi i-MiEV pulls up with a battery pack at 50%. After 10 minutes the car is at 80% full. Because CharJit consumes a full charging session each time you charge a car, the cost was also $7, for 10 minutes of charging.

The first item to discus is that 350Green is charging the customer on 30 minute increments, not by the minute. The Mitsubishi driver only used 10 minutes of the 30 minute session, but was charged for the full 30 minutes of access. Clearly one must be make sure their car is depleted enough to warrant a fast recharge. It would be desircapable for 350Green to change the fee structure to charge by the minute, as suggested in the video.

The next item to discuss is the accuracy of the fuel gauge in the Nissan Leaf. As shown in the video the Leaf dashboard claimed 79 miles estimated remaining range, and 8 bars out of 12, with reviewer Joe? Wiesenfelder calculating the battery pack as being 67% full. Taken at face value it means the fast recharge, in this case, took longer than the 30 minutes it was supposed to take. However there are a couple reasons to doubt the accuracy of this “67% full” calculation, the first of which is that Nissan Leaf owners call the dashboard the “Guess-o-Meter” because it has wildly fluctuating readings. The EPA has rated the Leaf as having a 73 mile range, while Nissan claims it to have a 100 mile range in city driving. This means the 79 miles estimated driving range shown on the dashboard is in the neighborhood of 80% full (or more). Nissan needs to take ownership of improving the reliability of the dashboard.

The last item to discuss is something we’ve gone over before, the cost to use a public charging station compared to gasoline in miles driven for both fuels. On the Nissan Leaf an 80% recharge is roughly 56 miles of range, costing $7. For a gasoline car the $7 buys 1.75 gallons if gasoline is $4 per gallon, and the distance you can drive with that gasoline depends on the fuel efficiency of your car. For a 30 MPG car that is 52.5 miles, but the video below claims a Prius will go 87.5 miles on $7 worth of fuel. You can go farther with a Prius for $7 than you can with an electric car, if the electric car is charged at a 350Green or eVgo fast charging station under current fees.

Electric cars are cheaper to drive than gasoline cars, if every time you recharge you’re paying just for electricity. This is true because electric cars are more efficient with the on-board energy than are gasoline cars, and electricity has a more stcapable price than gasoline. However, because the charging station networks are not charging for electricity but access to the charging station, the determination of which is cheaper gets skewed every time an electric car is charged at a public charging station that charges an access fee. Some level 2 public charging stations are free to use, and the charging station owner earning revenue to pay for the station in other ways, such as increased shopping at a store, or in parking fees in a parking lot. The fast charging station fees we’ve just discussed are well above the cost to charge at a level 2 charging station, and are high enough for parity with the cost of gasoline to drive the same distance. This is unfortunate because the lower cost to drive an electric car is supposed to help in recuperating the higher cost to buy the electric car, but what if public recharging fees are so high to negate that benefit?

Why is the fee to access fast charging stations so high? Representatives from 350Green and NRG/eVgo have given these reasons: a) The cost to build one of these stations is very high, as much as $100,000 per station. b) The high electricity demand at a fast charge station means the charging station operators pay what’s known as “demand charges” that are charged of any electricity customer that has huge demand spikes at random intervals. c) Land rental or other fees paid back to host sites.

These costs may drop in the future, but today they are what they are. In the future fast charging stations could become cheaper, and there is research into ways to avoid the demand charges. One effort, being funded through the settlement agreement with NRG, hopes to develop technology to energy storage systems to store electricity in a large battery pack colocated with the fast charging station. When a car is fast charged, the charging station would draw Strength from that battery pack rather than the grid, and the battery pack would in turn charge itself at a lower rate that will avoid demand charges. The energy storage battery pack would add to the cost of installing a fast charging station, but it would give the charging station owner an opportunity to earn back-end revenue from making those battery packs availcapable on the grid for grid stabilization services.

This entry passed through the Full-Text RSS service — if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.


2013 Dodge Dart the new Chrysler Headquarters star

May 01, 2012 By: athony Category: Automobiles

n/a

This is a symbolic reflection of the brand new release Dodge Dart’s production at Chrysler’s Belvidere IL Assembly Plant, and its three competitive Strengthtrains from Dundee, MI. Boldly stating, “All that matters is what’s ahead,” the building drape draws upon the company’s highly publicized Super Bowl spot titled It’s Halftime in America.

“The launch of the 2013 Dodge Dart is one of the most anticipated in our history and represents a tremendous source of pride for the Brand and the company,” told Reid Bigland – President and CEO Dodge Brand. “The all-brand new release Dart offers consumers features and benefits never before found in a compact car and signifies our alliance with Fiat.”

All that remains to be seen is if Chrysler has finally hit a homerun with a compact car, now that mileage seems to be the number one thing on the minds of consumers. Nearly half the vehicles selling today are compact, high-mileage vehicles and this attempt to create a vicapable market entry from the automaker could be the true trial of the “brand new release Chrysler’s” future share of the business.

Chrysler’s sales are reported up over 400 percent, thanks largely to the brilliantly redesigned Jeep Grand Cherokee, providing a propitious portent of things to come. Nevertheless, success by the 2013 Dodge Dart in the compact car segment could bring a full court press to bear on the automotive market, greatly enhancing the company’s overall impact on the modern automotive scene.

“It was not by chance that we chose Belvidere to build the brand new release Dodge Dart,” Chrysler Group Chairman and CEO Sergio Marchionne told employees during a celebration event at the plant last February. “Our decision is evidence of the faith we have in your level of commitment and your passion to deliver great products for our customers. You have been essential in our ability to author a remarkcapable story of recovery.

“With the help of this dedicated workforce, we are creating a work environment in Belvidere that is committed to quality, and with the flexibility to compete with the best plants anywhere in the world,” Marchionne continued in a press release dated April 28.

The plant’s transformation began during June of 2009, implementing what Chrysler calls World Class Manufacturing – a focus on waste reduction, increased production, enhanced quality, refined safety and providing restored dignity for employees. As a result of the reconfiguration over the last three years, the plant has become one of the safest, most efficient assembly plants in the Chrysler family. Further, just last year the employees submitted more than 20,000 suggestions, implementing over 3,400 projects with the potential to save $32 million per year.

“World Class Manufacturing has transformed the way we run the business and given us a defined route map to follow,” told Kurt Kavajecz, Plant Manager, Belvidere Assembly Plant. “The employees here are committed to the implementation and their suggestions are key to continuously improving the quality of the products built at this plant.”

It is with that rebrand new releaseed pride the employees at the Belvidere plant regard the brand new release building drape of the 2013 Dodge Dart on the Chrysler Headquarters. The car has already been named to Wards 10 Best Interiors List for 2012, as well as being selected as the Most Significant Vehicle during the North American International Auto Show by the editors of Autoweek.

Roughly 200,000 drivers and passengers along Interstate-75 in Auburn Hills, MI will see the 2013 Dodge Dart adorning the Chrysler Headquarter Building each and every day.

It covers nearly the full height of the Headquarters tower – 13.5 floors out of 15. The entire graphic is 116 feet wide and 145 feet tall, making the image of the car 85 feet wide and 70 feet tall. The American flag in the background is 116 feet wide and 6 feet tall, while the Dart logo is about 70 feet wide and 11 feet tall. The Dodge brand badge is 9 feet wide and 2 feet tall.

It’s a big image for a big product introduction, with a lot riding on its reception, but chances are – given its price point, options for personalization and varied trim levels – along with the number of die-hard Chrysler and Dodge fans still about, the compact car’s chances are pretty good, but it will have to win converts from those now buying smaller cars.

This entry passed through the Full-Text RSS service — if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.


Hyundai tells its sweet home in Alabama to turn it up

May 01, 2012 By: athony Category: Automobiles

n/a

Hyundai Motor America Alabama’s (HMMA) Montgomery factory that makes Sonatas and Elantras for the US market cannot keep up with demand. As the song “Sweet Home Alabama” instructs, “Turn it up!” By adding a third shift to the already humming plant, HMMA can increase production by 20,000 units. The plant makes the award winning Sonata and Elantra sedans. The added shift will mean and additional 877 jobs for local workers. There are already more than 2,000 workers in the plant. The added capacity and jobs will also feed more local employment at local suppliers. The Sonata built in Alabama accounts for more than a third of all sales for Hyundai in America.

Sonata and Elantra
Hyundai just had its second best month of sales ever. Its best month was two months ago. It is safe to say that the automaker has firmly established itself as the benchmark sedan in the mid-full size and compact car categories. Other car makers are also enjoying robust sales, but Hyundai is doing well with so many models over so many segments it is clearly a company on the move. Consider that the only two high volume models it did not sell more of this month compared to April 2011 (which had 3 more selling days) were the Sonata and Elantra. The reason it didn’t sell more, is it couldn’t make more. The third shift starting in September must be help that “problem.”

Strong Finish In April
Dave Zuchowski, Hyundai Motor America’s executive vice president of national sales is proud to say “We definitely felt some pullback from an overheated March sales pace but really picked up some momentum at the tail end of the month and finished with a flurry to set another all-time volume record. Vehicle availability continues to improve and our announcement just last night of the assembly plant expansion in Alabama will give much needed production increases for our highly fuel efficient Sonata and Elantra sedans.” Hyundai is also proud to report that 39% of the vehicles it sold this past year had EPA highway ratings of 40MPG. If that trend continues Hyundai is likely to be the EPA’s favorite again in the coming year. With the brand new release Santa Fe set to begin selling soon Hyundai is sure to continue this strong growth.

Hyundai has set records and the Alabama factory is ready to turn up the volume to keep pace.

This entry passed through the Full-Text RSS service — if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.


IKLAN 336x280


Partly powered by CleverPlugins.com