Month: November 2010 (Page 4 of 4)

Gettin’ schooled on the Chevrolet Volt

A General Motor Co employee shows the plug from a newly installed electric vehicle charging station for the Chevrolet Volt outside GM's world headquarters in Detroit, Michigan October 12, 2010. General Motors Co and two Michigan utilities on Tuesday pledged to install more than 5,300 charging stations in Michigan as part of an effort to speed the adoption of plug-in hybrids like the upcoming Chevy Volt. REUTERS/Rebecca Cook (UNITED STATES - Tags: TRANSPORT BUSINESS)

There is a lot of confusion out there on how the new Chevrolet Volt works. Count us in as those who are still trying to figure out the high price tag when compared to other hybrids. Oops! I forgot that the Volt isn’t a hybrid but rather an electric car that uses a gas engine to create electricity. Our friends at Insideline.com break it down for those of us who need a lesson or two on the Volt!

Imagine a straight line across a piece of paper. All the cars that have ever been made exist somewhere on that line, including the 2011 Chevrolet Volt.

At the left endpoint, let’s write “Gas” to represent vehicles powered by gasoline. Go ahead and add diesel, E85 or any other combustible fuel along with gasoline if you must. Point is, our left endpoint is not associated with batteries or electric motors.

That’s because “Electricity” is the label we’ll apply to the right endpoint of our line. This represents the pure electric vehicles — EVs for short. These have an electric motor, a battery pack and a place to sit. You plug them in and charge them up. When the battery runs out of juice, you’re walking.

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Mazda profits go Zoom-Zoom

A Mazda car is reflected in a Mazda dealership in Tokyo October 18, 2010. Shares of Mazda Motor Corp slipped on Monday after news at the weekend that top shareholder Ford Motor Co plans to sell almost all of its remaining stake in the Japanese automaker it once controlled.  REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS TRANSPORT)

Mazda profits go Zoom-Zoom! Is the auto recovery ready to take hold?

From the Detroit News:

Tokyo— Mazda’s second quarter profit surged more than 10-fold as car sales grew at home and abroad, offsetting the effects of a strong yen.

The Japanese automaker reported a profit of 7.62 billion yen ($94.4 million) for July-September today, up from 707 million yen the year before.

The Hiroshima-based manufacturer of the Miata roadster and RX-8 sportscar raised its profit forecast for the full year through March 2011 to 6 billion yen ($74.3 million).

Quarterly sales rose 3.1 percent to 579.66 billion yen ($7.18 billion).

Mazda Motor Corp. said it had strong sales in Japan, North America, China and Thailand, reflecting the popularity of models like the Mazda5 and Mazda2.

The outlook for the auto market remained cloudy in the U.S. and Europe, partly because of the appreciating yen, which can make Japanese exports more expensive.

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