2018 Tesla Model 3 on 2040-cars

Auto blog

The billionaire's passion behind Wanxiang's Fisker bid

If it weren't for billionaire Lu Guanqiu, founder of Chinese auto parts giant Wanxiang Group, the Fisker Automotive bankruptcy bailout deal might have closed earlier this month. Hong Kong tycoon Richard Li, along with Li's affiliate company Hybrid Tech Holdings, assumed their offer was going to be accepted. Instead, the US bankruptcy court judge called for an open auction bid for Fisker's assets on February 12. Lu made a few convincing points to the judge. There's another interesting part of the story that Lu didn't share it with the judge. If the Fisker deal doesn't work out, Lu and Wanxiang might increase their working relationship with Tesla Motors. Lu told US bankruptcy judge Kevin Gross that Wanxiang, which now owns Fisker's supplier of lithium batteries, A123 Systems, is better placed than Hybrid Tech Holdings to restart and expand production at Fisker. Better yet, Wanxiang could move production from Finland to the US. That was convincing enough for Gross to schedule the auction. Lu's move toward taking over ownership and restoring Fisker seems to be driven by two motivations: converting his company from a parts maker to an automaker; and to grow the yet-to-be profitable "new energy " business such as lithium battery and electric vehicle makers. For Lu, it's not so much about believing in Fisker – it's more about playing a leading role in electric vehicles – and that could come through deepening its connection to Tesla Motors. "Of course we want to pocket Fisker. But we will bid rationally," he said to Reuters. "Whatever the result, nothing can stop us from making electric cars." Check out more about Lu in this Reuters piece, including how he and six other farmers pooled together $500 in 1969 to start what would become Wanxiang. Featured Gallery Fisker Karma at Laguna Seca News Source: Reuters Government/Legal Green Fisker Tesla Electric wanxiang

Recharge Wrap-up: Tesla Model 3 reservation priorities, Opel builds Ampera-e in US?

Opel will build the Ampera-e EV in the US. According to a report from German magazine Automobil Produktion, the electric Opel will be built alongside its sibling, the Chevrolet Bolt, at GM's Orion Assembly plant near Detroit, Michigan. GM CEO Mary Barra did not disclose the location of the Ampera-e's assembly, and Opel declined to comment on the report. A Vauxhall spokesman in the UK declined to comment on whether the car would be sold there as a right-hand-drive model. Read more from Automotive News Europe. How will Tesla prioritize reservations for the Model 3? While some folks argue that orders should be prioritized according to time zone, others think all the Tesla stores should open at the same exact time, regardless of time zone. What is more likely, however, is that places where more deliveries take place will get their cars before locations with fewer buyers, for the sake of efficiency. Elon Musk has also said that the cars ordered with the most options will be built first. Read more at Teslarati. The Zoleco is an attempt at ultimate aerodynamic car design. Built by Zoltan Bod in British Columbia, it is a body concept that will potentially be sold as a kit meant for various propulsion systems. The idea is to reduce aerodynamic drag as much as possible, while saving weight wherever possible, in order to get the greatest efficiency out of the powerplant - be it gas, electric or some other form of energy. Bod says the car can achieve 151 mpg at 45 mph, or 91 mpg at 65 mph using a turbocharged, three-cylinder gasoline engine. Learn more at the Zoleco website. Featured Gallery Opel Ampera-e View 12 Photos News Source: Automotive News Europe, Teslarati, ZolecoImage Credit: Opel Design/Style Green Plants/Manufacturing GM Automakers Tesla Opel Fuel Efficiency Green Automakers Electric recharge wrapup

Weekly Recap: Volvo buys Polestar, makes performance a priority

Volvo is taking its performance business in-house, and the Swedish carmaker announced Tuesday that it bought tuning company Polestar, which has long been known for producing sporty Volvos. The move allows Volvo to ramp up its performance business, and it plans to increase Polestar-branded vehicle sales to 1,000 to 1,500 annually, up from the 750 total projected for this year. The companies have been working together on motorsports projects since 1996. Financial terms of the sale were not released, and Polestar workers will move over to Volvo. Former Polestar owner Christian Dahl will keep control of the Polestar racing team and operate it under a new name. In addition to sales volume, Volvo has ambitious plans for other parts of Polestar, including its aftermarket business. Volvo also said it will use its twin-engine hybrid technology for Polestar models in the future, though specifics and timing were not revealed. Meanwhile, Volvo announced it will offer a run of 265 total Polestars in the United States for the 2016 model year, with S60 and V60s available. "Driving a Volvo Polestar is a special experience. We have decided to bring this experience to more Volvo drivers, placing the full resources of Volvo behind the development of Polestar as the model name for our high performance cars," Volvo CEO Hakan Samuelsson said in a statement. OTHER NEWS & NOTES 2016 Chevy Silverado, GMC Sierra, get nose jobs Automakers tend to refer to light updates as 'facelifts,' and that's exactly what Chevy gave the 2016 Silverado and GMC Sierra. Chevy slightly changed the front end of the truck. Using the one photo released of the new Z71 model as a guide, we can see that the headlights went from a stacked vertical design to single bulbs, and they are set on top of LED running lights. The grille has more body-colored elements instead of shiny metal, and the hood has a new line running down the middle (look really closely). The design theme will be similar across the portfolio, though materials and details will vary, a spokesman said. Some models, like the High Country and LTZ will have more chrome, and the LEDs are only for the upper trims. Chevy also said it will use the eight-speed automatic transmission on more versions of the Silverado, and it updated the MyLink feature to support Android Auto and Apple CarPlay.