Harley Panhead Front Cylinder Head 1959 on 2040-parts.com

SAE approves new fast-charging standard for EVs, plug-ins

SAE International said it has approved a new technical standard that will dramatically reduce charging times for plug-in hybrid electric vehicles and electric vehicles. The global engineering group said the new charging standard, developed with the cooperation of more than 190 automakers, utilities and equipment builders, will allow charging times to be reduced from as long as eight hours to as short as 20 minutes. Automakers want DC direct charging to take less than 10 minutes, or roughly the time it takes to fill a tank with gasoline.The goal is to accommodate currents as high as 500 volts distributed from public charging stations.

Lotus to create 100 new jobs (2013)

Lotus is bouncing back from the five-car plan debacle that saw its CEO Dany Bahar dismissed for professional misconduct, and an ambitious plot to launch a Porsche-slaying five-car range go up in smoke without so much a test mule spy shot. The Norfolk-based outfit has announced today the creation of 103 new jobs to meet rising demand not just for its cars, but the brand’s legendary car set-up skills too. It follows a £100m investment from parent DRB-HICOM earlier in 2013.

Chrysler posts first net profit since bankruptcy

Chrysler Group--the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years--on Monday reported its first net profit since emerging from bankruptcy in June 2009.