Apr 09

Ukraine’s Car-Production Plunges 96%; Many Banks Also Fail (Washington’s Blog, April 7, 2015):

On Tuesday April 7th, Ukravtoprome (the Ukrainian Association of Automobile Manufacturers) reported that, in the three-month period January-March 2015, as compared to the same three months of 2014, production of passenger cars plunged 96%, commercial vehicles 23%, buses 43%, for an overall decline of 92%.

In March alone, as compared to March 2014, passenger-car production plunged 94.3%, commercial vehicles fell 31%. The figure for buses was not shown. Continue reading »

Tags: , , , , ,

Apr 05

Autonomous Car Completes 3,400-Mile US Road Trip (ABC News, April 2, 2015):

An autonomous car’s recent 3,400-mile U.S. road trip proves there’s at least one thing computers do better than humans: Follow the speed limit.

Auto supplier Delphi Corp. fitted an Audi Q5 with radar, cameras and laser sensors to navigate the 15-state journey from San Francisco to New York, mostly traveling on highways. The car drove itself 99 percent of the time, Delphi said Thursday.

Continue reading »

Tags: , ,

Mar 27

And sadly …

“The supercar that runs using ‘saltwater’ is likely BS.”

Read Lana Verdin’s comment down below.


salt-powered-qaunt-quant-e-sportlimousine-electric-salt-water-car

Electric Car Powered by Salt Water: 920 hp, 373 Miles/Tank (Aetherforce):

It’s finally here folks and it is LEGIT.

Tesla eat your heart out, the Germans have created an electrical car powered by salt water. It has four electric engines and is FAST with some pretty sweet fuel economy for a sports car. Leave the Bugatti at home and stop by the beach to refuel.

============================================

01-Salt-Water-Car

The recent announcement that the Quant e-Sportlimousine, which is a salt water powered car, has been certified for use on European roads is a big sign that the Oil Cartels are losing the energy war.

Since the early 1900s, the Oil Cartels, which are controlled by the Controllers, have been harassing and silencing alternative energy inventors who pose a threat to the Oil Cartels. One of the greatest alternative energy inventors that they silenced was Nikola Tesla.

Unlike traditional cars that run on gasoline, the Quant e-Sportlimousine runs on an electrolyte flow cell power system made by NanoFlowcell that has the ability to generate an astonishing 920 horsepower (680 kW).

This salt water powered car can go from 0-62 mph (100 km/h) in 2.8 seconds and has a top speed of 217.5 mph (350 km/h). The Quant e-Sportlimousine is built by the German company Quant.

Continue reading »

Tags: , , , , , , ,

Mar 18

Maserati-The-Bell-Rings-for-Maserati-on-Wall-Street-2002
In 2002 (Source)

Maserati Sales Tumble 43% (ZeroHedge, March 17, 2015):

Just blame it on the weather, because everyone knows no self-respecting 1%-er would be caught dead driving (or being driven) to their nearest Maserati dealership in their snow-ploughing $100K Range Rover, when it is snowing outside. In the middle of winter.

End result: only 481 Maseratis were sold in all of the US in February, a plunge of 43% from a year ago (following a 20% drop in January) back when it was the Polar Vortex’s fault that Q1 2014 GDP went from an initially forecasted 3.5%, to -2.5%.

But this time the snow is different.

Maserati Sales Tumble

Tags: , , , ,

Feb 01

UK: In the name of reducing global warming (which doesn’t exist) and traffic congestion (which does), the government is proposing to require electronic devices in all cars that could remotely seize control over them. (Investment Watch, Jan 31, 2015)

Tags: , , , , , , ,

Dec 06

Auto Loan Bubble Bursting2

Is the Auto Loan Bubble Bursting? Delinquent Loans Jump 27% Year-Over-Year (Liberty Blitzkrieg, Dec 5, 2014):

I’ve covered the ever expanding subprime auto loan market on several occasions over the past couple of years, most recently in the post: Chinese Homebuilders Expand in America as U.S. Auto Loans Hit Record Levels. As they always do, it appears that the chickens are starting to come home to roost.

The New York Times reports the following:

An increasing number of borrowers are falling behind on their car payments, even as the total amount of outstanding debt reaches new heights, according to the latest report by Experian, the credit and research firm.

In a presentation on Wednesday, Experian said the balance of loans that were 60 days delinquent increased 27 percent, to roughly $4 billion, in the third quarter from the same period a year ago. Continue reading »

Tags: , , , ,

Nov 08

The Fastest Electric Car In The World

Forget Tesla ‘D’ – This Is The Fastest Electric Car In The World (OilPrice, Nov 6, 2014):

When we think of electric cars, probably the first thing that comes to mind is the Chevrolet Volt, which is smooth running but needs frequent recharging. Plus it’s no speed demon.

But if you think electric cars still deserve consideration, take a look at the “Grimsel,” the creation of the technical schools ETH Zurich and Lucerne University of Applied Sciences and Arts. On Nov. 3 the students put the spurs to the car and got it to accelerate from 0 to 100 kilometers per hour (62 mph) in 1.785 seconds, using less than 30 meters of track.

That’s nearly twice as fast as Tesla’s fleet Model S P85D. And it’s record-breaking. Continue reading »

Tags: , , , ,

Nov 08

volkswagen-car-uruguay-president
Uruguay’s President Jose Mujica walks in front of his garage (Reuters / Andres Stapff)

World’s poorest president’ gets $1mn offer for old VW Beetle (RT, Nov 7, 2014):

An Arab sheikh seems to think the ‘world’s poorest president,’ Uruguay’s Jose Mujica, is in dire need of cash. He’s offered $1 million for Mujica’s iconic 1987 VW Beetle – but the pot-smoking leader says he will donate the money to the homeless instead.

“I didn’t give it any importance,” the humble ex-guerilla leader told a news conference, after the Uruguayan weekly Busqueda broke the story. He added that he has “no commitment to cars” and joked that his three-legged dog, Manuela, was pretty much the prime reason for holding on to the vehicle for so long.

Apparently it was Mexico’s ambassador to Uruguay who earlier suggested that Mujica sell off the car. They joked about how he could get 10 4WD trucks for the money, according to an anonymous source within the embassy. Continue reading »

Tags: , , , , , ,

Nov 04

Russia's President Vladimir Putin

‘Tsar-engine’ for president: Russian-manufactured VIP cars will have up to 850 horsepower (RT, Nov 3, 2014):

Engineers in Russia are working on a new line of car engines, developed especially for future VIP vehicles, to be used by the country’s president and other officials. The top version is promised to be manufactured with up to an 850 horsepower engine.

The state scientific and motor research center NAMI, which is in charge of the “Cortege” project, has announced plans to produce a line of V12-turbo engines with up to 850 horsepower (hp) capacity in the next couple of years.

Engines will be designed especially for the new project, which aims to provide Russian officials – including the president – with not only limos, but also with convoy cars such as minivans and SUVs.

Tags: , ,

Sep 15

russian-response-sanctions-cars

Russia may restrict import of Western cars, clothes in new sanctions tit-for-tat (RT, Sep 12, 2014):

Imports of Western cars and clothes into Russia could be restricted as part of a second round of “retaliatory” measures prepared in response to the sanctions against Moscow, says presidential aide Andrey Belousov.

There are many sellers of non-agricultural goods in the West who are heavily dependent on the Russian market, the official said. Continue reading »

Tags: , , , , , , , , , , ,

Sep 07

Nevada, Tesla announce huge ‘Gigafactory’ deal (USA Today, Sep 5, 2014):

Tesla Motors and Nevada made it official on Thursday evening: the electric car company’s highly sought battery “Gigafactory” and its projected 6,500 jobs are coming to the Reno area.

Mutual congratulations between the electric-car maker and Silver State officials aside, the news of the announcement event in Carson City was the huge incentives the state will have to contribute to seal its end of the proposed deal: a package estimated to be worth $1.25 billion over 20 years. Continue reading »

Tags: , , , ,

Aug 21

Car Repos Soar 70% As Auto Subprime Bubble Pops; “It’s Contained” Promises Fed (ZeroHedge, Aug 20, 2014):

The auto loan subprime bubble may be the latest to burst (after student loans) as the rate of car repossessions jumped 70.2 percent in the second quarter, with much of that increase coming from finance companies not run by automakers, banks or credit unions. “The number of delinquencies and repossessions rising is what we would expect as the auto industry sells more vehicles,” “But this slight uptick is one to keep an eye on.” The surge in delinquencies and repossessions is being driven primarily by borrowers with subprime and deep subprime credit scores.

Tags: , , , , , ,

Jul 30


Added: Jul 29, 2014

Air Date: July 21st, 2014

http://www.wbtv.com/story/26075071/wo…

Tags: , , , , , ,

Jul 19

Russian Sanctions Retaliation Escalates: Dumps Intel/AMD And Now Foreign Cars (ZeroHedge, July 18, 2014):

Ignoring for one second yesterday disastrous air crash in Ukraine, the ‘boomerang’ of sanctions continues to be thrown back and forth between the US and Russia. Having restricted Russian firm’s access to USD funding, Putin has come out swinging. His first act was to demand that state departments and state-run companies will no longer purchase PCs built around Intel or AMD processors (which might explain AMD’s slashing their outlook); but now he has hit out at the heart of what has made America great (in the eyes of some) – banning the use of foreign cars for officials in favour of home-produced cars. Continue reading »

Tags: , , , , , , ,

Jul 15

Russia Bans Purchases of Foreign-Made Cars By Government

Russia Bans Purchases of Foreign-Made Cars By Government (The Moscow Times, July 14, 2014):

Federal and municipal governments were prohibited from buying foreign-made cars by Russian Prime Minister Dmitry Medvedev, who said he hoped the decision would “help preserve necessary balance on the market.”

The state spends huge sums buying equipment, and “of course it is better if they go to domestic companies, not foreign producers,” Interfax quoted Medvedev as saying at a meeting with deputy prime ministers on Monday. Continue reading »

Tags: , , , , , ,

Jul 07

Tesla Car Chase Ends In Flaming Car Wreck Explosion So Violent It Is Confused For Fireworks (ZeroHedge, July 7, 2014):

With GM recalling virtually every car it has made since emerging from bankruptcy, another maker of flaming paperweights has quietly managed to slip through the cracks of public attention. So it was perhaps well-timed, if only for GM, that over the weekend we not only learned, but saw footage, of what happens when a Tesla is involved in a Police chase that results in a lamp post crash. Nothing short of complete obliteration.

“There were fires after that that broke out,” Eric Martinez said. “I saw the firefighters — like 25 firefighters – standing around the white car with the Jaws of Life.” Martinez added that at one point, explosions could be heard. “We originally thought it was fireworks. Everybody thought it was fireworks that were just exploding,” he said.

 

Tags: , , , ,

Jun 30

Here Are The 28.5 Million Cars Recalled By GM In The First Half Of 2014 (ZeroHedge, June 30, 2014):

One could say things about what is now without doubt the biggest company joke in the history of the US – maybe global – automotive sector, putting even East Germany’s infamous Trabant to shame.

Things like following the just announced latest recall of another 7.6 million cars across models from 1997 to 2014, and another 800K+ cars thrown in just because, GM has recalled more cars in the first 6 months of 2014 than it has sold in all of 2011, 2012 and 2013. Which incidentally would be true as the chart below shows.

Gm total recalls vs sales

Things like it took GM over a decade to that these latest recalls affecting cars made in the 20th century resulted in “seven crashes, eight injuries and three fatalities.

Continue reading »

Tags: , , , , ,

Jun 20

Meet The “Lone Engineer” GM Is Blaming All Its Troubles On (ZeroHedge, June 20, 2014):

Back in 2011 Goldman, when the FDIC-insured bank holding company with no deposits, was slapped with the biggest at the time SEC penalty for shorting CDOs it had sold to clients, it started a trend of scapegoating all its evils on a lone, then 20-something individual, Fabrice Tourre, who seemingly had “worked alone” and whose actions were not supervised by anyone: the chain of responsibility started and ended with him. Naturally, nobody went to jail. A few years later, stuck in the biggest scandal of its post-bankruppcy existence involving over 20 million recalls in just the first 6 months of 2014 alone, GM has decided that what worked for Goldman should work for it too, and as the WSJ reports, is “pinning of a decadelong failure to recall defective cars on a lone engineer.”

Unfortunately for GM, an organization that is far more politically charged than Goldman, it is “running into skepticism from lawmakers who say GM documents show dozens of people were alerted to ignition-switch defects during the past decade.”

But before we get into the details of what is set to be even more political theater, just who is this lone engineer? Continue reading »

Tags: , , , , ,

Jun 04

What could possibly go wrong?



Added: May 27, 2014

Description:

Fully autonomous driving has always been the goal of our project, because we think this could improve road safety and help lots of people who can’t drive.

We’re now developing prototypes of vehicles that have been designed from the ground up to drive themselves—just push a button and they’ll take you where you want to go! We’ll use these vehicles to test our software and learn what it will really take to bring this technology into the world.

Tags: , , , ,

May 21

rofl

Don’t You Dare Call Your GM Car A “Decapitating”, “Kevorkianesque”, “Rolling Sarcophagus”, Or “You’re Toast” (ZeroHedge, May 21, 2014):

Instead of “defective”, GM suggests its employees use the phrase “does not perform to design” according to just released documents in the GM recall probe. However, the internal presentation provides a glimpse into the internal thinking at GM as it suggests the following 69 words should not be used in a company memo… including “Hindenburg”, “spontaneous combustion”, and “Kevorkianesque.”

Via WSJ,

The full 69 banned ‘judgment’ words…

20140521_gm

always, annihilate, apocalyptic, asphyxiating, bad, Band-Aid, big time, brakes like an “X” car, cataclysmic, catastrophic, Challenger, chaotic, Cobain, condemns, Corvair-like, crippling, critical, dangerous, deathtrap, debilitating, decapitating, defect, defective, detonate, disemboweling, enfeebling, evil, eviscerated, explode, failed, flawed, genocide, ghastly, grenadelike, grisly, gruesome, Hindenburg, Hobbling, Horrific, impaling, inferno, Kevorkianesque, lacerating, life-threatening, maiming, malicious, mangling, maniacal, mutilating, never, potentially-disfiguring, powder keg, problem, rolling sarcophagus (tomb or coffin), safety, safety related, serious, spontaneous combustion, startling, suffocating, suicidal, terrifying, Titanic, unstable, widow-maker, words or phrases with a biblical connotation, you’re toast

and in case you needed a little more help… here are some more translations… Continue reading »

Tags: , , , ,