This Week’s Top 10: Henrik Fisker has suprises in store at LA Auto Show, Toyota and Daimler sell off Tesla Motors stock shares

by Jon LeSage, editor and publisher, Green Auto Market 

Here’s my take on the 10 most significant and interesting occurrences during the past week…….

  1. Henrik FiskerFisker surprise announcements scheduled for LA Auto Show: Fisker Automotive’s co-founder and former CEO has come back on the scene for the first time after quitting, and later attempting to acquire, his extended-range sporty luxury car company last year. Henrik Fisker says he’ll be unveling two new cars on November 20, a media day at next month’s LA Auto Show. Back-to-back press conferences are scheduled with no details yet revealed, except for the fact that they’re being sponsored by the mega-Ford dealer Galpin. The first session will be taking place with Galpin Auto Sports, the dealer chain’s custom-car division and the other session will be hosted by Galpin Motors. One of them is predicted to be more of a muscle car than an environmentally sound, fuel-efficient model. Fisker has been known to be quite a designer, overseeing the BMW Z8 and Aston Martin V8 Vantage sports cars, plus a few others. One of his other businesses has been Fisker Coachbuild, which made restyled versions of the BMW and Mercedes-Benz luxury cars.
  2. Toyota and Daimler have sold off some, or all, their stock shares in Tesla Motors. Daimler made big gains of selling off its remaining 4% shares and bringing in $780 million from its original $50 million stake. Toyota didn’t reveal the timimg or amount of its latest sale. Its initial investment of $50 million gave it 2.5% share in the company in May 2010. While the Toyota RAV4 battery and motor deal is ending later this year between Toyota and Tesla, their relations appear to be solid. Tesla CEO Elon Musk said the company would sign a new deal with Toyota in the next two-to-three years. Daimler and Toyota were likely taking advantage of the extremely high value of Tesla shares – closing yesterday at $221.67.
  3. Sierra Club releases tool for EV shoppers. The Sierra Club is now offering car shoppers its “pick-a-plug-in” website tool to find the right electric vehicle (EV) for them. Pick-a-plug-in asks the user a few questions about driving habits and vehicle needs, and then generates a list of EVs that fit the bill. There’s no recommended car featured, but leading models are given based on how many miles a day the person drives, whether the person takes frequent long trips, whether there is a place to plug in the car, and how much money the person is prepared to spend.
  4. ChargePoint says you can pay for your charge on PayPal. While over half the 19,000 chargers in the ChargePoint network are free, the company is now moving forward in the payment process. ChargePoint employees at its San Jose, Calif., campus, can go to 34 charging ports and pay for ChargePoint with PayPal. This must be entertaining for Tesla Motors CEO Elon Musk, a former PayPay co-founder.
  5. Asplundh, a tree expert company, is bringing in propane-powered medium-duty trucks. Asplundh provides tree management services to utilities and municipalities, and will start off its propane autogas vehicles with two Ford F-650 trucks powered by Roush CleanTech’s propane augogas fuel systems. “We were searching for a cost-effective alternative fuel that provides an adequate refueling infrastructure and also meets our environmental initiatives,” said John Talbot, director of fleet services for Asplundh Tree Expert Co. “Propane autogas was our answer.”
  6. GM adds to its sustainability credentials with more solar. Along with its landfill-free facilities, General Motors is adding to its solar power. A new 2.2 megawatt, ground-mounted solar array will be set up by the end of this year at its assembly plant in Lordstown, Ohio. Once the last of the more than 8,500 solar panels are in place, it will be GM’s largest solar installation in the western hemisphere, the automaker said.
  7. Navigant Research expects EV growth, though not an easy one. Navigant Research expects the global light-duty electric vehicle (EV) growth to be sizable – from 2.7 million sold in 2014 to 6.4 million in 2023. These numbers include hybrids, plug-in hybrids, and battery electric vehicles. That growth rate will take a lot of hard work, according to the study, with much competition coming from automakers producing more fuel effient internal combustion engine vehicles. Stop-start technologies, lightweight materials, engine downsizing, and growing interest in clean diesel, is putting the pressure on OEMs to reach the level they’re stiving for in electrified vehicle sales.
  8. Smart parking tools available through ParkMe and Microsoft. For those of you affected by “urban mobility” (carsharing, ridesharing, e-bikes, parking, etc.), there was an interesting announcement made by ParkMe, which is probably the largest provider of real-time parking data to car owners through the mobile devices. ParkMe will provide parking data to Microsoft Corp. to be integrated into its Bing search engine. Users will be better able to access smart parking tools to find nearby parking, check real-time availability, and pre-pay for the cheapest and most convenient parking at their destinations.
  9. Telsa and US Bank offering cheaper lease payments. Tesla CEO Elon Musk just wrote in the company’s blog how the agreement with the major bank can lower monthly lease payments by as much as 25% on a new Model S. Another perk: the Tesla happiness guarantee. If you don’t like the car for any reason in the first three months, you can return it and the lease obligation is waived. “The only catch is that you can’t then immediately lease another Model S,” Musk wrote.
  10. Brazil loves biofuels but holding back on EVs. The Brazilian government just released a green-car incentives programs that excludes battery electric and plug-in hybrid vehicles. Import duties are cut on new hybrid cars, though that does not include tax breaks or other perks. Electric vehicles are excluded entirely because the country’s electricity grid doesn’t have the capacity to handle an influx of EVs and all the charging they need. Recent droughts have lowered water levels in the dams that power hydro-electric electricit plants. Brazil has had to look for other methods of electricity generation.

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