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Chevy Bolt EV might not come to UK

Anyone expecting the upcoming James Bond movie to feature scenes with the suave namesake cruising around London in a Chevrolet Bolt (yes, there are some of us around) will likely be disappointed. That's because it is apparently doubtful that the General Motors flagship division will make right-hand-drive versions of the electric vehicle for the UK. So we'll have to suffice with the dashing spy ripping around town in Aston Martins and the like. The UK's Autocar reported from the Frankfurt Auto Show and quoted a Chevrolet spokeswoman saying the Bolt with be "a global vehicle," though she wasn't more specific, or specific enough for the British. Indeed, GM is prepping to sell the Bolt in the US and will also distribute the EV in Europe with an Opel nameplate. This is how it worked with the Chevrolet Volt extended-range plug-in (known as Opel Ampera across the Pond). That said, the fine citizens of the UK will be left out of the opportunity to buy the electric vehicle, which may make a pretty big splash thanks to a single-charge range of about 200 miles, or more than double anything that's not a Tesla Model S. The Bolt will sell in the US for $37,500 before government incentives kick in. It was announced this past February that the Bolt will go into production at GM's Orion plant near Detroit at some point. For a time, GM thought of changing the name because of potential confusion with the Chevy Volt, but GM confirmed this past spring that the name will stick. The car is expected to go on sale in 2017. Related Video:

GM, Pilot will build EVgo fast chargers at 500 truck stops across U.S.

All of our maps showing electric vehicle charging stations across the U.S. are going to need an update. Today, General Motors, Pilot and EVgo announced plans to work together on a nationwide DC fast charging network. The plan calls for 2,000 charging stalls that can deliver up to 350 kW to be installed at up to 500 Pilot and Flying J travel centers in the U.S. The goal is to have DC fast chargers available in 50-mile intervals across the country. The new charging stations will feature GM's "Ultium Charge 360" branding and "Pilot Flying J" logos but will not be limited to drivers of GM EVs. The plugs will use CCS connectors and be available to anyone. GM EV owners can take advantage of benefits, including the ability to make exclusive reservations, get discounts on charging costs and streamline the charging process with Plug and Charge and in-vehicle apps that can provide real-time charger availability. The first installation phase will take place in 2023, and "the bulk of the installations" should be completed by 2025, EVgo CEO Kathy Zoi said during a conference call with reporters announcing the plan. "We're gonna get going immediately and commence all of that engineering and planning stuff," she said. "We've got a pretty orderly plan." Pilot CEO Shameek Konar said the company expects the new EV charging stations to coexist with the current fuel infrastructure. "An average Pilot Flying J location is about 10 acres," Konar said. "This will be in addition to all of our gas pumps. The way I think about it is, this is a new source of energy that is going to coexist with gas for quite some time. We can debate how long, but we need to serve both groups of customers." Installing DC fast chargers at hundreds of Pilot's travel centers — aka truck stops — means there should be food, drinks, restrooms, WiFi and even showers available while you wait for an EV to charge. Pilot recently announced its “New Horizons” plan that will invest $1 billion in upgrading Pilot travel centers with more premium amenities, including expanded seating and lounge areas. While the exact amount of time it will take to charge an EV using these new stations will vary on the EV and its current state of charge, most EVs can refill from a low state of charge to around 80 percent in 20-30 minutes on a fast charger. The new stations are future-proofed to deliver up to 350 kW, a charge rate that few EVs today can handle.

Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.