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Fisker to face Congressional committee probe
Wed, 24 Apr 2013Henrik Fisker's congressional testimony on Wednesday before the House Oversight and Government Reform Committee will paint the automaker he founded as a victim of "a confluence of events" and as a still-salvageable enterprise. Fisker, who resigned from Fisker Automotive on March 13, is among the automaker and government representatives scheduled to appear before Congress to answer questions regarding $193 million in Department of Energy loans made to the company. Fisker Automotive has appeared to be on the brink of filing for bankruptcy for the past few weeks.
New Land Rover Concept at Frankfurt – Project Icon lives?
Thu, 04 Aug 2011New Land Rover Defender Concept expected at Frankfurt Last week AE ran a report that suggested Land Rover were considering dumping the iconic Defender from their range as it was perhaps too difficult to find a cost-effective way to update it. Which we didn’t buy for a minute. As far as we can see, the Land Rover Defender is so iconic that Tata would have to find a way to keep it viable and in production even if they lost money on every Defender they built.
E85 makes inroads on cost and availability
Wed, 23 Dec 2009Three years ago, we embarked on a Midwest road trip in search of what was then the Holy Grail of fuel: E85. Our findings weren't too positive--there were far more E85-compatible vehicles on the road in 2006 (5 million) than there were E85 pumps to fuel them (about 700 out of some 200,000 fuel stations nationwide). In addition, those burning the mix of 15 percent gasoline and 85 percent ethanol were paying a pretty penny for their earth-friendly ways, losing about 15 percent in fuel economy while often paying the same price as regular unleaded.