Today Standard & Poor’s gave Tesla Motors’ stock an unsolicited junk rating of B-minus, six grades below investment status, for what it termed a “vulnerable” automaker. “We believe there is considerable uncertainty in Tesla’s long-term prospects and believe that the company is less likely to successfully adapt to competitive and technological displacement risks over the medium to long term,” says
MINI is showing up at the Concorso d’Eleganza Villa d’Este 2014 with a very special EV concept: the MINI Superleggera Vision. This open-top two-seater EV was created by MINI and Touring Superleggera, the tradition-steeped design and coach building house based in Milan. MINI stated the Superleggera Vision is on the one hand a classic roadster, a compact and agile two-seater,
As part of a new development partnership, Volvo Buses will deliver three Volvo Electric plug-in hybrids to Hamburger Hochbahn AG. The electric hybrids will enter into traffic in Hamburg towards the end of the year. Hamburger Hochbahn AG has been a successful and important partner of science and manufacturers in the field of innovative drive technologies. The company has now
The largest electric vehicle show in the Midwest is celebrating its sixth year at Schoolcraft College. The show, from 9 a.m. to 4 p.m. Saturday, June 7, is a must-see for anyone who’s ever considered buying an electric vehicle. The show is free and open to the public. It is a great opportunity to see all types of EVs and
Panasonic Corp said it expected to become the sole manufacturer in Tesla Motors Inc’s planned multibillion-dollar U.S. battery factory, firming up its commitment to the electric car maker’s project. The Japanese electronics conglomerate had until this week made only cautious comments about Tesla’s plans, for which the carmaker is seeking total investment of around $3 billion in addition to the
OK, clearly he shouldn’t have said, “I hope you don’t buy it.” But last week’s little media explosion over Fiat Chrysler CEO Sergio Marchionne’s negative comments on the 2014 Fiat 500e electric car his company sells–in limited numbers, in California only–shouldn’t be a surprise. To summarize his comments in a Reuters article that appeared last Thursday, Marchionne said of the
In late 2013, Mexico’s congress approved historic legislation that altered the 1938 ban on private sector participation in the Mexican energy sector. These reforms, that end the 75-year monopoly of Petroleos Mexicanos (Pemex) and allow for greater foreign investment, are the first to include constitutional change, and promise to address many of the challenges that have resulted in a decade-long
Can distributed solar continue to grow in the U.S. when the ITC ratchets down and net energy metering gets trimmed? GTM Research VP Shayle Kann explored solar finance scenarios with the experts at last week’s DOE SunShot Summit in Anaheim, California. “We are sitting amid an infinite amount of capital,” said Jeff Weiss, co-chair and managing director of Distributed Sun.
Alarm.com recently inked a deal with Pure Energies to more directly compete with one of its resellers, Vivint, in selling rooftop solar. The deal with Alarm.com is Pure Energies’ first partnership in the home security space, and likely won’t be the last. Although it also has its eyes on telecoms and HVAC dealers, home security is the big channel in
Tesla Motors is now the largest auto-industry employer in California — employing more than 6000 people within the state, with a further 500 jobs expected to be added to that figure before the end of 2014. That’s an impressive feat considering how young the company is. And an even more impressive feat when you consider the fact that Toyota has