February 19, 2014 |
Shares of Tesla Motors Inc. soared Wednesday after the electric car company slashed its losses and issued an upbeat outlook for this year. Tesla shares jumped to a record $216.95, a 12% gain, after the automaker released its fourth-quarter and annual financial results after the stock market closed. Investors focused on Tesla's calculation that it earned $46 million, or 33 cents a share, in the latest quarter, after making special adjustments to account for the deferred profit from automotive leases and other factors.
January 30, 2014 |
What does a three-horsepower, all-electric car that's more than a century old have in common with some of the modern world's most capable and powerful sports cars? They're both built by Porsche. On Monday, the German automaker announced it was putting on display in its Stuttgart, Germany, museum the Egger-Lohner electric vehicle, C.2 Phaeton. This small, open-top car, nicknamed the P1, was built in 1898 by Ferdinand Porsche when he was 22. It's the first car he ever built. PHOTOS: World's first car built by Porsche That's the same Ferdinand Porsche who would form his eponymous brand in 1931.
January 27, 2014 |
Eight more drivers have committed to racing in Formula E, a proposed series featuring electric-powered race cars competing on city courses around the world, the series said Monday. The drivers include IndyCar Series drivers Sebastien Bourdais, Oriol Servia and J.R. Hildebrand Jr. The others are Bruno Senna of Brazil, Narain Karthikeyan of India, Daniel Abt of Germany, Franck Montagny of France and Christijan Albers of the Netherlands. Bourdais also was among the trio of drivers who won the Rolex 24 at Daytona endurance race Sunday in the premier prototype class, driving a Corvette prototype for the Action Express Racing team.
January 8, 2014 |
Formula E, a proposed series featuring electric-powered race cars competing in cities around the globe, said Wednesday eight drivers had committed to the series, including IndyCar driver Marco Andretti. The series plans 10 races over several months, starting with a race in Beijing in mid-September and ending with a race in London on June 27, 2015. The sixth race is scheduled for Los Angeles on Feb. 14, 2015, although the race's exact location in the city has yet to be determined.
January 6, 2014 |
Toyota Motor Corp. released new details on its fuel cell car Monday at the Consumer Electronics Show in Las Vegas - including plans for an adapter allowing the car to power your home. The automaker chose the big tech gathering to display the four-seater, which looks like a futuristic Prius, to highlight its advanced engineering. A fully-fueled vehicle will be able to supply enough energy to power a house for a week in an emergency, Toyota said. Its engineers are working on an adapter that will connect the car into a home's electrical grid.
December 29, 2013 |
NEWARK, Del. - The thick blue cables and white boxes alongside an industrial garage here look like those in any electric-car charging station. But they work in a way that could upend the relationship Americans have with energy. The retrofitted Mini Coopers and other vehicles plugged into sockets where a Chrysler plant once stood do more than suck energy out of the multi-state electricity grid. They also send power back into it. With every zap of juice into or out of the region's fragile power network, the car owner gets paid.