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Recharge Wrap-up: Tesla P85D upgrades coming soon, lease a Chevy Volt for $149 a month

CarCharging has raised $6 million from shareholders and has restructured to save cash. The EV charging company plans to expand further in 2015 - with an eye toward achieving profitability - in part by investing in technology and "unlocking the value of our significant equipment inventory," says CarCharging CEO Michael D. Farkas. The group expects to reduce administrative costs by 40 percent, and has hired an interim Chief Financial Officer to help carry out its plans for growth. CarCharging raised the cash through offering convertible preferred stock to its shareholders, whom Farkas thanked "for their passion and patience." Read more in the press release below. Rydell Chevrolet in Los Angeles is offering Chevrolet Volt leases for $149 per month. In a video ad, Rydell offers the Volt for $169 a month with $3,390 due at signing, but another ad shows the offer at $149 a month with $3,550 down or $248 per month with $0 down. Rydell Chevrolet will ship the car anywhere in the lower 48 states. It also appears they offer cupcakes. See Rydell's video below, or read more at Inside EVs. Tesla will upgrade the Model S P85D with higher performance and top speed. The free update, which is due "in the next few months" according to a statement from Tesla, will raise the electronically limited top speed from 130 to 155 miles per hour. "Additionally, an over-the-air firmware upgrade to the power electronics will improve P85D performance at high speed above what anyone outside Tesla has experienced to date," Tesla says. The update will be available for the lifetime of the car, which includes subsequent owners. Read more at Green Car Reports. Car Charging Group Completes $6 Million Capital Raise Concurrently Enacts Restructuring Actions to Reduce Cash Burn MIAMI BEACH, Fla., Dec. 29, 2014 /PRNewswire/ -- Car Charging Group, Inc. (OTCQB: CCGI) ("CarCharging" or the "Company"), the largest owner, operator, and provider of electric vehicle (EV) charging services, today announced that it has closed an offering (the "Offering") and raised net proceeds of up to $6 million with current institutional shareholders. The Offering consisted of convertible preferred securities with a conversion price of $0.70 and warrants exercisable at $1.00. Proceeds will be used to: - Strengthen CarCharging's balance sheet; - Build on the past year's progress; and - Provide growth capital for expanding the Company's network.

How to locate a fleet Chevy Caprice PPV you can buy

The Chevy Caprice shares the same platform as the now-defunct Pontiac G8 and Chevy's SS sedan. The Pontiac G8 received excellent reviews, but the economy was not doing so well, and gas prices were high, so no one bought them and Pontiac went under. The Caprice PPV is available with a 3.6-liter V6 with 300 horsepower or a 6.0-liter V8 with 355 hp. It comes standard with heavy-duty suspension and a limited-slip differential on the V8 model. The Chevy Caprice also received praise for its handling and road manners and even received a perfect score in a past assessment by the LA County Sheriff's Department. Unfortunately, you won't be able to buy one new even if you want one. The Chevy Caprice PPV is a fleet vehicle available only to law enforcement. However, if you go on Cars.com, select Chevrolet in the dropdown, click all types of vehicles, change the year filter from 2011 to 2015 and type in the keyword Caprice, lo and behold, listings for pre-owned Caprice PPVs appear. Many of these have low mileage and were not sold for whatever reason, and they sat around. Some come with the remainder of the three-year / 36,000-mile bumper-to-bumper warranty and a five-year / 100,000-mile warranty on the powertrain. Those who have strong negotiating skills can extend the bumper-to-bumper warranty a couple of years for around $1,500 or less. The purchase price of the Caprice PPV is around $30,000 to 34,000. The pre-owned ones are less; dealers took the brunt of the depreciation cost. Best of all, the bonus of driving a Chevy Caprice PPV is everyone driving around you will follow the speed limit and every motor vehicle rule in the book because they think you are the law. Used ex-law enforcement fleet purchase are risky. But this is too unique to pass up, go buy one quick. There are only a couple in the country at the moment. Follow me on Twitter: Donkleblanc Related Video: Image Credit: wikimedia Chevrolet Used Car Buying Police/Emergency chevy caprice chevy caprice ppv open road

Sunday Drive: A tale of old favorites and upcoming challengers

Sedans and crossovers dominated the attention of our readers last week, led by the completely redesigned 2018 Honda Accord. It's the Japanese automaker's flagship, and people are seriously interested in finding out how good the latest Accord is. So interested, in fact, that no other single story came close to the brand-new Accord in Autoblog reader interest. Moving down the list we find the equally new 2018 Buick Enclave. The three-row crossover has a lot to offer a family, especially one looking for a nice, quiet ride. If you're looking for the exact opposite of nice and quiet, but still want enough room for you and your significant others, the Subaru WRX that we tested last week may be the perfect ride for you. Or, if you just want to drive fast and aren't at all worried about space, there's the Camaro SS. See? We offer something for everybody. From there, we look to the future. Who isn't interested in seeing the first fully electric vehicle from Porsche? And who isn't intrigued to see the Mission E testing alongside a gaggle of Teslas? A brand-new Jeep is always a big deal, especially when it's the revival of a classic nameplate like the Grand Wagoneer. And finally, we have something completely different: the Rezvani Tank. As always, tune in to Autoblog next week for a front-row seat to all the happenings worth following in the automotive industry. 2018 Honda Accord First Drive | Feels like home again 2018 Buick Enclave First Drive Review | Fortress of quietude 2018 Subaru WRX Drivers' Notes | Turbo traditionalist 2018 Chevy Camaro SS Drivers' Notes | Demonstrative power, middling interior Porsche Mission E caught testing against Teslas Jeep three-row SUV caught on public roads — Grand Wagoneer, perhaps? Rezvani Tank: It's like a Hot Wheels car brought to life Green Buick Chevrolet Honda Jeep Porsche Subaru Crossover SUV Electric Future Vehicles Luxury Off-Road Vehicles Special and Limited Editions Performance Sedan porsche mission e sunday drive