June 29, 2010 § Leave a comment
- Tesla has raised $226million in its initial public offering of stock. The sale of 13.3million shares will fund the purchase and preparation of the former Toyota factory in Fremont, Caliornia, and development of the Model S electric saloon for production in 2012. The IPO includes the sale of $50million-worth of stock to Toyota.
- Maserati will add stop-start to its next-generation Quattroporte luxury saloon. A 15% weight reduction and a 25% improvement in fuel economy is targeted; the new Quattroporte will have four-wheel drive, an eight-speed gearbox and downsized V6 and V8 engines, and it will share its underpinnings with other top-end Fiat-Chrysler Group vehicles (Automotive News Europe).
- London mayor Boris Johnson has taken delivery of four Mitsubishi i-MiEV electric cars; they’re the first of 1000 electric vehicles to join the city’s fleet, and will be used by Transport for London to check on roadworks. Johnson plans to have 1,600 charging points across London in the next year, with 7,500 by 2013 and 25,000 by 2015.
- The US Department of Energy has awarded a $24million grant for commercialisation of algae-based biofuels. This will fund research for three years by consortia led by Arizona State University, University of California at San Diego, and Cellana LLC.
- The Southwest Research Institute claims it has solved the problem of low-speed pre-ignition in turbocharged, direct-injection petrol engines. Its HEDGE tech (High Efficiency, Direct-injection Gasoline Engine) will aid engine downsizing and carbon dioxide reductions, SWRI says. More at Green Car Congress.
- There’s a great picture gallery of experimental solar vehicles at Treehugger.com , some more convincing than others. My favourite’s ‘Eleanor’.