Good news, everyone. If we can manage set aside about $37,000 over the next couple of years, a Tesla Model S, a used one, will be ours. That's one of the findings in a Bloomberg Industries study on Tesla's financing, vehicle buyback and resale programs. With the typically unconventional Tesla Motors eschewing the traditional lease program and guaranteeing to buy back used Model S vehicles at a pre-set price, the company could generate $368 million in revenue from used vehicle sales in 2016, Bloo
Tesla is considering adding an 'autopilot' feature to future vehicles and is apparently discussing the potential for such technologies with Google, according to a report by Bloomberg. Tesla CEO Elon Musk told Bloomberg in an email, "I think Tesla will most likely develop its own autopilot system for the car...However, it is also possible that we do something jointly with Google." Tesla is considering adding an 'autopilot' feature to future vehicles and is discussing the potential for such techn
Do the opinions of automotive journalists matter? For us, that may be a bit of transcendental self-examination, but for the consuming public, it's a very real question. Is a potential customer of a new family sedan going to rely completely on Consumer Reports, or are they willing to go with their own gut feelings and neighbors' recommendations?
Electric-vehicle lithium-ion battery-pack costs fell 14 percent during the past year and are down 30 percent from three years ago because of technological improvements and increased production capacity, Bloomberg News reports, citing a study from its sister entity Bloomberg New Energy Finance.
At least as early at April 2007, public officials in New York City were publicly engaged in a discussion about instituting a congestion charge in the Big Apple. Heck, Mayor Bloomberg even had the daily dollar amount picked out: $8. But the plan faltered and we haven't heard much recently. Until now. According to the New York Sun, Bloomberg is "likely to win some sort of "congestion pricing" plan by the spring now that the Assembly speaker, Sheldon Silver, is on board with developing a plan to re
Coca-Cola Enterprises plans to add 120 hybrid trucks to its fleet in the US over the next year. The company currently uses two hybrids in the Bronx, NY fleet and plans to add another three to the Bronx fleet in December. Coke's president and CEO, John Brock, and New York Major Michael Bloomberg said a few words at the ceremony introducing the five trucks to the Bronx fleet and NY1 has a short video of the event.
Are Ferraris and Porsches condemned to becoming track-day-only toys? Europe already appears well on its way to outlawing ultra-high performance vehicles. Can the US be far behind? That's the question Bloomberg is asking. The culprit in the attack on sports cars isn't necessarily their speed, but the fact that they produce too much carbon dioxide. But they do get criticized for their speed as well. One British member of the European Parliament, Chris Davies, is actually proposing a prohibition on
As Toyota, the king of hybrids, embarks on its ambitious plan of selling 1 million hybrid vehicles worldwide annually before 2015, you have to wonder just how they're going to do it. We've already heard that they eventually plan to offer a hybrid version of all its cars, but will that be enough? How about squeezing more out of the marketability of the Prius nameplate?
According to Bloomberg, C. Czarnikow Sugar Ltd. says that Brazil may find it difficult to meet its own ethanol demands for the crop season ending in March. The problem isn't an issue of production capacity. It's because global demand is on the rise and higher prices outside the country are encouraging exports.
Four days ago we brought you in-depth coverage of Audi's publicity parade on Park Avenue, featuring the new R8 supercar, the R10 Le Mans racer and the 1938 Auto Union Type-D "Silver Arrow". The attention-grabbing event marked the North American debut of the R8 as well as the opening of Audi's new high-tech 6,400-square-foot "Forum" showroom on Park Avenue in mid-town Manhattan.