Zubie, An Aftermarket Device, Left Vehicle Vulnerable
Former members of an Israeli intelligence unit dedicated to thwarting cyber crimes announced Friday they had remotely hacked into a vehicle that contained an aftermarket device with a big security hole.
The downing of Malaysia Airlines Flight 17, allegedly at the hands of SAM-wielding Russian separatists, has brought to light a serious vulnerability in the world's airliners. The planes have no defense – not even a way of being notified – if a surface-to-air missile has been fired at them.
Israel-based vehicle safety technology company Mobileye (NYSE: MBLY) has successfully launched its Initial Public Offering on the New York Stock Exchange, raising approximately $890 million to value the company at a reported $5.3 billion.
A new Minnesota law that requires biodiesel blends goes into effect in just a few days, says KELO. Diesel drivers in Minnesota will be pumping soybeans into their tank beginning July 1. Every year, diesel will be sold as a B10 blend (ten percent biofuel) from April through August, and will scale back to a cold-hardy B5 blend from September through March. The biofuel largely comes from soybean crops grown within Minnesota, and the biodiesel industry pumps more than $900 million into the state eco
Half-off on electric vehicles that can go about three-quarters range on a single charge? That's more or less what the new owner of Better Place's battery-switching and EV-charging network in Israel is proposing for a bunch of Renault Fluence Z.E. vehicles that it has to get off of its hands. Gnrgy, which now owns the used cars as well as the network (car-importer Carasso Motors and Renault bought the new vehicles), is offering the used Renaults for between $14,000 and $17,000. That's about a 50-
Tennyson said that it is better to have loved and lost than never to have loved at all, but when it comes to affection towards the dearly departed Better Place battery-swapping technology, Israeli and Danish drivers of plug-in vehicles may beg to differ. Those two countries were the first markets for the company, which went out of business in May after burning through about $850 million over a five-year period. And now, drivers in those countries say the plug-in vehicle movement has been set fur
Well before the start of AutoblogGreen, well before there were blogs, before even the first production hybrid vehicle, there was the Arab Oil Embargo. It happened 40 years ago this week, which means now is as good a time as any to take a look back at a time when getting gas in the US was a tremendous challenge.
It is apparently quite a hassle to buy the remains of Better Place. The last potential buyer, EV Net Group, missed a payment deadline at the end of September, leading a judge to void the purchase. The buyers were supposed to pay NIS 1.8 million (US$505,000), which was 20 percent of the total purchase price and did, in fact, hand over a postdated check for that amount. But that wasn't good enough. According to Haaretz, attorneys Shaul Kotler and Sigal Rozen-Rechav said in court that, "All the buy
Solar pioneer "Captain Sunshine," aka Yosef Abramowitz, has failed in his bid to take over bankrupt company Better Place, which specializes in electric vehicle charging and battery swaps. Abramowitz, who built Israel's first commercial solar field about two years ago, failed to make a monthly payment of $1 million on August 25 to Better Place's liquidator.
With a fresh, kid-friendly look on the official website (see above), there appears to be new life in Better Place. The Israeli electric vehicle charging and battery swap station company was approved for sale to Sunrise for almost $5 million. In May, Better Place announced bankruptcy proceedings.
Renault says the recent bankruptcy filing by battery-swapping technology firm Better Place will do little to dissuade the automaker (and sister company Nissan) from continuing to try and boost electric-vehicle sales worldwide.
It came as a shock when Better Place founder Shai Agassi was ousted as CEO last October, but today's announcement that the company will enter bankruptcy proceedings is a little less of a surprise. After all, since Agassi left, there have been layoffs, another CEO departure and a shut-down of operations in the US and Australia.
Driving from Los Angeles to Seattle in an EV that merely requires a few sips of water along the way? Fantastic, sure, but that's pretty much what Israel-based Phinergy is promising with its "aluminum-air" battery, according to a Bloomberg News video.
Shai Agassi has been pondering what it will take for electric vehicles to beat cheap gasoline-powered competitors. And he got some advice from former president Bill Clinton in 2006: giving away the car is a sure way to succeed.
Shai Agassi's faith remains strong. The Better Place founder, who was removed as the company's CEO in October, still believes that a company that powers electric vehicles with swappable batteries and a subscription-based revenue model can be successful ... if operated properly.
Better Place might not be such a good one when it comes to employment, given reports that the electric vehicle infrastructure network might fire as many as 200 workers. According to the Israels business publication Globes, Better Place, which at one point employed as many as 400 people in Israel, has already pink-slipped about 140 people.