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Chevy Malibu Eco hybrid is a tough sell
Mon, 28 Jan 2013Most prospective Chevrolet Malibu buyers at Castle Chevrolet in suburban Chicago quickly decide that they don't want to pay nearly $3,000 more for the Eco mild-hybrid version. "For most people, it's hard to justify the extra money based on the extra fuel economy" of a combined 3 mpg more than the base model, says Jeff Tuckman, the dealership's inventory manager. "You've got the base LS model sitting next to it that's just as nice and luxurious." It's a problem flagged by many Chevy dealers.
Tesla gives away its electric car secrets for free
Fri, 13 Jun 2014Tesla Elon Musk, the CEO of the pioneering electric carmaker Tesla, has announced that the company is to "open source" all its technology patents in order to speed up the progress of electric car development. In an extraordinary press statement entitled 'All our patents are belong to you' – a reference to online memes and gaming culture, in case you were wondering – Musk has categorically stated that Tesla will not challenge any company that takes advantage of its technology when building rival electric cars. Tesla gives away electric car technology: will not sue Having recently reviewed the Tesla Model S, this sounds great news for the future of the electric car, but commercial suicide for Tesla as a business.
BMW beats Mercedes-Benz to claim first U.S. luxury sales crown
Thu, 05 Jan 2012BMW fended off a late-year surge by rival Mercedes-Benz to win its first title as best-selling luxury brand in the United States. BMW said Thursday that U.S. sales rose 15 percent to 26,834 in December, for an annual total of 247,907.