Tag Archives: electric car

NHTSA REAFFIRMS MODEL S 5-STAR SAFETY RATING IN ALL CATEGORIES FOR MODEL YEAR 2014

PALO ALTO, Calif. – The National Highway Traffic Safety Administration (NHTSA) has reaffirmed the 5-star safety rating of the Tesla Model S overall and in all subcategories for Model Year 2014, confirming the highest safety rating in America. While Tesla is awaiting feedback from NHTSA regarding their investigation of recent fire incidents, the German Federal Motor Transport Authority, Kraftfahrt-Bundesamt (KBA), recently concluded its review of the incidents, finding no manufacturer-related defects or need for further action.

Continue reading NHTSA REAFFIRMS MODEL S 5-STAR SAFETY RATING IN ALL CATEGORIES FOR MODEL YEAR 2014

TESLA REPAYS DEPARTMENT OF ENERGY LOAN NINE YEARS EARLY

WEDNESDAY, MAY 22, 2013

PALO ALTO, Calif.– Tesla Motors announced that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, today’s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. Following this payment, Tesla will be the only American car company to have fully repaid the government.

Continue reading TESLA REPAYS DEPARTMENT OF ENERGY LOAN NINE YEARS EARLY

A123 Systems Signs Battery System Supply Agreement With Navistar

WATERTOWN, Mass., June 7, 2010 (GLOBE NEWSWIRE) — A123 Systems (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate™ lithium ion batteries and systems, today announced a production agreement with Navistar, Inc., a proven leader in worldwide commercial transportation, to supply lithium ion battery systems for electric vehicles (EVs) for the Navistar-Modec EV Alliance, LLC, a joint venture between Navistar and Modec Limited of the U.K.

According to the supply agreement, which builds upon an earlier development agreement that was announced in March 2010, A123 will manufacture battery systems for Navistar‘s eStar electric delivery vehicle at its Livonia, Michigan facility. A number of vehicles have already been shipped to Federal Express as part of the earlier development agreement. The work is partially funded by American Recovery and Reinvestment Act (ARRA) funding, administered by the U.S. Department of Energy. Continue reading A123 Systems Signs Battery System Supply Agreement With Navistar

Tesla Motors Announces Factory in Northern California

PALO ALTO, Calif. — Tesla Motors has purchased the former NUMMI factory in Fremont, California, where it will build the Model S sedan and future Tesla vehicles. As recently as April of 2010, the NUMMI factory was used by Toyota to produce the Corolla and Tacoma vehicles using the industry-leading Toyota production system. It is one of the largest, most advanced and cleanest automotive production plants in the world.

It is capable of producing half a million vehicles per year or approximately 1 percent of total worldwide car production. The award-winning plant was the first in North America to demonstrate Toyota Production System, a widely copied system that lead to dramatic quality improvements and unprecedented manufacturing flexibility and worker satisfaction. Continue reading Tesla Motors Announces Factory in Northern California

Tesla hires Fiat strategist to head European operations

 WINDSOR, UK–(BUSINESS WIRE)–Tesla Motors has hired former Fiat executive Cristiano Carlutti to lead the electric vehicle manufacturer’s fast-growing European operations.

Carlutti, who began this week as Tesla’s vice president of European sales and operations, has a unique background encompassing sales, marketing, branding and public relations. He has lead mission-critical divisions at Fiat, served as CEO of an Italian start-up and served on the organizing committee of the XX Winter Olympic Games. Continue reading Tesla hires Fiat strategist to head European operations

Progressive Insurance Automotive X PRIZE Announces Teams Qualified to Compete for $10 Million & Launch National Student Contest

New York, NY – October 19, 2009 The Progressive Insurance Automotive X PRIZE, a multimillion dollar competition to inspire a new generation of viable, super fuel-efficient vehicles, today announced the 43 teams— representing 18 states, 10 countries and 6 fuel types, that have passed the competition’s Design Judging phase and will move into the most exciting phase of the competition – performance and safety testing – putting them one step closer to their share of the $10 million prize purse. Continue reading Progressive Insurance Automotive X PRIZE Announces Teams Qualified to Compete for $10 Million & Launch National Student Contest

Design of the Tesla Model S

ECOstrive – With deliveries expected to begin in 2012, Tesla is poised to own the luxury sedan market with it’s all-electric Model S car. This seven passenger vehicle is unique because it is built on a flat platform. That is, batteries between the front wheels and motor between the rear. This gives the designers a very open pallet to be creative in both the exterior and interior of the car. Continue reading Design of the Tesla Model S

Tesla finally takes the wraps off of the Model S all electric Sedan

ECOstrive – Tesla Motors yesterday announced the details of the long awaited electric sedan called the Model S. This family sedan can seat 7 people and travel up to 300 miles on a charge.

“Model S doesn’t compromise on performance, efficiency or utility — it’s truly the only car you need,” said Tesla CEO, Chairman and Product Architect Elon Musk. “Tesla is relentlessly driving down the cost of electric vehicle technology, and this is just the first of many mainstream cars we’re developing.” Continue reading Tesla finally takes the wraps off of the Model S all electric Sedan

New York City Announced as First Stage of the $10 Million Progressive Insurance Automotive X PRIZE Competition

Michael Bloomberg
Michael Bloomberg

March 24, 2008

New York, NY—Mayor Michael Bloomberg has announced that New York City will kick off the $10 million cross-country Progressive Automotive X PRIZE race in September 2009. The announcement came just weeks before the one year anniversary of PlaNYC, the City’s plan to create a greener, greater New York. Continue reading New York City Announced as First Stage of the $10 Million Progressive Insurance Automotive X PRIZE Competition

X PRIZE Foundation & Progressive Insurance Join Forces to Officially Announce the $10 Million Progressive Automotive X PRIZE

Automotive X Prize
Automotive X Prize

NEW YORK (March 20, 2008) – Today at the New York International Auto Show, the X PRIZE Foundation and Progressive (NYSE:PGR) jointly announced the company’s Title Sponsorship of the Progressive Insurance Automotive X PRIZE competition and its funding of the $10 million prize purse.

The newly renamed Progressive Automotive X PRIZE is an international competition designed to inspire a new generation of viable, super fuel-efficient vehicles. The independent and technology-neutral competition is open to teams from around the world that can design, build and bring to market 100 MPGe (miles per gallon energy equivalent) vehicles that people want to buy, and that meet market needs for price, size, capability, safety and performance. Continue reading X PRIZE Foundation & Progressive Insurance Join Forces to Officially Announce the $10 Million Progressive Automotive X PRIZE