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An aging football stadium in Michigan. A decrepit paper mill in Minnesota. A sun-bleached patch of desert in California.
These are the lots where Volkswagen is storing the hundreds of thousands of diesel vehicles that included software to help them cheat US emissions testing as the company races to buyback a huge chunk of its inventory ahead of a deadline agreed to as part of its settlement with the US government, per Reuters.
Under the terms of its landmark settlement with the US government, if 85% of the 500,000 cars VW promised to repurchase haven’t been bought back or fixed by then, the company will face higher punitive payments.
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(((Forgot to post this article. 🙂 )))
…which will ‘accidentally’ be the (only) cars which will work BEST during and after the coming crisis!
You can run many diesel cars on heating oil (((even vegetable oil))) for a loooooooong time, when adding a little low-soot 2-stroke oil/engine oil for the longevity of the motor (this will also reduce fuel consumption), when all gas stations will be closed.
The mix should be 200 : 1.
And TPTB know this, which is why they’ve created all that hype about diesel cars in the first place!!!
When the lights go out, they want you to be sitting ducks!!!
Have a plan B and…
…, because its coming!!!
Diesel-powered cars in Europe are losing their momentum.
Statista’s Raynor de Best notes that, according to the latest numbers from the European Automobile Manufacturers Association (ACEA), diesel’s market share decreased to 45.7 percent of total car registrations in the EU-15. Diesel sales traditionally were higher than in the U.S., due to a 30 percent tax advantage. Consumer confidence, however, is decreasing following the Volkwagen Group’s emission-cheating scandal, tightening European emission standards and a potential ban from city centers.
You will find more infographics at Statista
According to the ACEA, diesel’s penetration decreased in all countries, particularly in Austria, Greece, Luxembourg and Spain.
The market share in Germany, traditionally regarded as a country fond of diesel technology, reached 40.4 percent between January and September 2017, a decrease of 6.1 percent. France’s market share fell below 50 percent (47.8 percent, a decrease of 4.7 percent) for the first time in years. Ireland remains the country with the highest diesel market share (65.4 percent), followed by Portugal (61.4 percent) and Italy (56.5 percent).
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— Stan (@StanM3) March 30, 2018
From April 1: Online monitoring in the car – new cars must be equipped with eSIM cards
From 1 April 2018 all new cars must be equipped with eSIM cards. A new car turns into a rolling data center … and in 2015, Jim Farley, vice president at Ford, said, “We know every driver who breaks traffic rules, and because GPS is in the cars, we know where and how someone does it . “
From 1 April, all new cars must be equipped with electronic SIM cards. Behind this is the good intention to be reached faster in case of accidents by the rescue services.
On March 23, a 38-year-old man driving a Tesla Model X rammed headfirst into an unshielded highway median while traveling south on U.S. Highway 101 near Mountain View, California. Two other vehicles subsequently rear-ended the SUV, which caught fire after the driver, who later died from his injuries, was pulled from the wreckage.
According to news reports, the car blaze shut the highway for 5 hours, firefighters required special suits for cleanup, and at one point had to call Tesla for help in containing the blaze. On Tuesday (March 27), the U.S. National Transportation Safety Board (NTSB) announced a field investigation into the incident.
H/t reader kevin a.
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Just a few days ago, shareholders of Tesla approved an almost comical pay package for their
cult leader CEO Elon Musk that could potentially put $50 BILLION in his pocket over the next decade.
Let’s put this figure in perspective: at $5 billion per year, Musk would make more than every single CEO in the S&P 500. COMBINED.
In other words, if you add up the salaries of all the CEOs of the 500 largest companies in America, it would still be less than the $5 billion per year that Mr. Musk stands to earn.
That’s pretty astounding given that Tesla’s own 2017 4th quarter financial report (page 24) states that Elon “does not devote his full time and attention to Tesla”.
Only the charred rear half of a Tesla Model X remained intact Friday morning on a highway near Mountain View after the vehicle crashed into a carpool lane barrier and caught fire, with the trapped driver dying later from his injuries.
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The DAX legged lower, led by sliding shares of Volkswagen, BMW and Daimler after Germany’s top administrative court ruled German cities have the right to ban diesel cars, a move which could have far-reaching consequences for the 12 million vehicles in Europe’s largest auto market.
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Tesla wants the upcoming Model 3 to be the first electric car for everyone, but to do so, it’ll need a seriously amount of infrastructure in place. Fast charging is critical to the electric car’s success — drivers need to be able to top up the car’s juice in an emergency — but Tesla’s network of fast chargers might not be adequate for the company’s production targets.
We don’t know for sure how long the Model 3 will take to charge, but we can reach an approximation based on Tesla’s current range. The 90kWh Model S, with a range of 294 miles as tested by the EPA, takes around 10 hours to charge from a NEMA 14-50 power outlet. From a wall connector, that can drop to as low as five hours and 30 minutes.
Tesla gets crushed by the big boys.
Total new-vehicle sales in the US fell 5.2% year-over-year in December to 1.6 million units. For all of 2017, sales declined by 320,000 vehicles, or 1.8%, to 17.23 million units. It was the first overall decline since the Financial Crisis.
Compared to 2015, sales fell by 249,033 vehicles, or 1.4%. These sales are vehicles delivered by dealers to their customers, or delivered by automakers directly to large fleet customers, as reported by Autodata.
For the big three US automakers and some import brands it was the second year in a row of sales declines (two-year percent change from 2015):
- GM -2.7%
- Ford -1.1%
- Fiat Chrysler (FCA) -8.6%
- Toyota -2.6%
- BMW -12.6%
- Mazda -9.3%
The table below shows new-vehicle sales by automaker, sorted by total sales in 2017 (gray column). Automakers with declining sales in 2017 are marked in red. The green column shows the two-year percentage change from 2015:
But this time, there’s no Financial Crisis, and no QE in sight…
The asset class of beautiful machines is suffering. These assets range from a rare 1962 Ferrari 250 GTO Berlinetta, which sold for $38.1 million with impeccable timing in August 2014 before the peak, to American muscle cars that can be acquired for a few thousand bucks.
According to the Hagerty Market Index, prices of vintage automobiles that sold at private sales and at auctions fell 3% from a month ago, are down 7% for the year, and are down 17% from the all-time high in August 2015. This 17% drop from the peak is worse than the 16% drop from peak-to-bottom during the Financial Crisis.
The index in the January report, at 154.33, has now two declining years in a row under its belt.
For your entertainment…
Santa is arriving early this year, and he’s bringing gifts from Italy. The actual showcasing of the car is forestalled by about one full minute of branding bullshit, but Lamborghini just presented its first SSUV (yes, Super SUV) and while it looks a hoover ship straight out of the Matrix, we would opt for a test drive first before ordering it and heading out to the Alps with the family. Because although the interior looks astonishing, it doesn’t look like there’s much legroom in the back. And that can be a problem, just as any Aston Martin Rapide owner will tell you.
Well, we hear you think: “screw the kids, I want to reach the Alps, fast,” and if that’s your mantra, you’re in for a treat. The Urus has a 4.0 litre V8 twin-turbo engine and rocks 650 brake horsepower with 850 Nm of torque. So yeah, the thing is fast. So fast, that it will go from 0-100 km/h in 3,6 seconds and will not stop until it reaches 305 km/h. That’s faster than a Cayenne Turbo, but it must be said, the Cayenne can hold four adults, easily.
Apparently German government officials have finally woken up to the realization that it’s utterly ridiculous to use tax revenue generated primarily from middle and low-income households to fund subsidy payments to rich people buying $100,000 luxury sports cars. As Business Standard notes this morning, the German Federal Office for Economic Affairs and Export Controls announced that it will no longer subsidize the Tesla Model S as it can not be delivered in a configuration that meets the 60,000 euro price limit.
A German government agency has removed Tesla’s Model S from the list of electric cars eligible for subsidies because it is not available in a version that falls within a 60,000 euro ($71,448) price limit.
Tesla customers could not order the Model S without extra features that pushed the price of the car above the limit, a spokesman for the German Federal Office for Economic Affairs and Export Controls (BAFA) said on Friday.
German magazine Auto Bild had reported that BAFA was looking into the issue and could take Tesla off the eligibility list.
According to Reuters, Germany launched their incentive scheme, worth about 1 billion euros, last year. The funding requirements were shared by the German car industry to boost electric car usage. A price cap was included to exempt premium models. Under the subsidy scheme, buyers get 4,000 euros off their all-electric vehicle purchase and 3,000 euros off plug-in hybrids.
As the establishment continues to declare that the era of “self-driving” cars is upon us, many Americans have been left wondering what the privacy implications for such a tremendous change in society will end up being.
Now, with the very real possibility that, in the event of an accident, these cars would literally make the decision between who dies and who lives, Americans have even more to worry about when it comes to handing over control of their vehicle to a supercomputer.
According to multiple reports, the cars themselves are being designed to make so-called “moral” decisions which, in other words, means that the programming would essentially allow say a car full of people to crash rather than a school bus.
USA Today reports:
We all know the story behind Fisker, it was one of the world’s first plug-in hybrid electric vehicles in 2008, and even had a legal spat between Tesla, but shortly after in 2012 the company crashed and burned in bankruptcy. Last year, Henrik Fisker decided to relaunch his brand. He thought that one failure wasn’t enough—-just like Elon Musk’s SpaceX rockets. During Fisker’s relaunch, he made a shocking comment that caught the attention of Musk and it was on the claims of a new breakthrough in battery technology using graphene-based hybrid material that would revolutionize battery storage and make Musk’s batteries appear obsolete.
Thirteen months passed, and Musk wrote off Fisker’s claims, as Musk decided to focus on other things like his Boring company. That might of been Musk’s fatal flaw, because Fisker just came out and dropped a bombshell on the electric vehicle (EV) industry: ‘New Fisker Batteries 2.5x Density, 500 Miles Per Charge & Charging in 1 Minute’..
Musk will shortly developed uncontrollable convulsions with the understanding his Gigafactory producing thin-film lithium batteries could be obsolete.
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