Germany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan

Germany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan:

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.

Read moreGermany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan

Self-Driving Cars And Deciding Who Lives And Dies: Your Family Could Be Sacrificed For The “Greater Good”

Self-Driving Cars And Deciding Who Lives And Dies: Your Family Could Be Sacrificed For The “Greater Good”:

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:

Read moreSelf-Driving Cars And Deciding Who Lives And Dies: Your Family Could Be Sacrificed For The “Greater Good”

Is This The Tesla Killer?

Is This The Tesla Killer?:

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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Wind farms would need to ‘cover whole of Scotland’ to power Britain’s electric vehicles

Wind farms would need to ‘cover whole of Scotland’ to power Britain’s electric vehicles:

SCOTLAND would need to be entirely covered by wind farms in order to power all of Britain’s electric cars, according to a leading academic.

Jack Ponton, emeritus professor of engineering at Edinburgh University, said another 16,000 turbines would be required in order to replace petrol and diesel cars with electric vehicles.

First Minister Nicola Sturgeon has pledged to phase out the internal combustion engine by 2032 – eight years ahead of the rest of the UK.

But Prof Ponton said that, even if the issues of power generation and charging points were sorted out, the National Grid could simply not cope with the increased demand.

He said: “It is a nice idea as electric cars are much more efficient, cleaner and actually simpler devices than the current internal combustion engine vehicles.

“Technically, it is an excellent idea. But the problem starts when you begin to think, ‘Where are you going to get the energy to run them?’.

H/t reader kevin a.

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😂 “Opel Adolf” 😂

😂 You can’t make this stuff up! 😂

Alufelgen des «Opel Adolf»:

RÜSSELSHEIM (D) – Opel verkauft eine Felge im Hakenkreuz-Design. Das erstaunt, denn das Symbol ist in Deutschland verboten. Der Autobauer streitet jegliche Ähnlichkeit ab.

Welchen Teufel hat den Alufelgen-Designer des neuen Opel Crossland X bloss geritten? Die Hakenkreuzoptik sorgt in deutschen Medien für hitzige Diskussionen. Nicht ohne Grund: Die Verwendung von hakenkreuzförmigen Symbolen ist seit 1945 verboten. Die Fachzeitschrift «Auto Bild» nennt den Crossland X bereits Opel «Adolf».

Read more😂 “Opel Adolf” 😂

California Mulls Combustion-Engine Car Ban: “You Could Stop All Sales By 2030”

California Mulls Combustion-Engine Car Ban: “You Could Stop All Sales By 2030”:

“I’ve gotten messages from the governor asking, ‘Why haven’t we done something already?’  There are people who believe, including who work for me, that you could stop all sales of new internal-combustion cars by 2030.”

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Mercedes-AMG Project ONE Is An Outrageous $2.53 Million 1000HP Hybrid Hypercar

Mercedes-AMG Project ONE Is An Outrageous $2.53 Million 1000HP Hybrid Hypercar:

We got a tiny glimpse of the Mercedes-AMG Project ONE hypercar last week, but today we’re receiving “The Full Monty”. In a word, the car is simply stunning. As we previously reported, the Project ONE is heavily derived from Formula 1 technology, including its carbon fiber monocoque construction and its turbocharged V6 engine.

Starting with the engine, the 1.6-liter unit produces 612 horsepower by itself. But roughly 600hp isn’t enough for “hypercar” duty. You need more powah! So, the V6 is augmented by a total of four electric motors. Two front-mounted wheel motors add 160hp each (spinning at 50,000 RPM each), and are hooked up to their own single-speed transmission. A third 160hp eclectic motor is connected to the V6 engine’s crankshaft. If that wasn’t enough, a fourth electric motor is found within the turbocharger to help eliminate turbo lag.

Total system output is in excess of 1,000hp — and that’s not to mention that an extra 50hp is at your command using the overboost functionality. Drivers will harness all of this power with an AMG SPEEDSHIFT 8-speed automated manual transmission, with shifting duties being handled by paddles behind the steering wheel. When operating at full tilt, the Project ONE can accelerate from 0 to 60 mph in just 2.3 seconds and will reach a top speed of 217mph.  It’s also said that it can dash from 0 to 124 mph in under 6 seconds, which is less than most cars can get to 60.

Read moreMercedes-AMG Project ONE Is An Outrageous $2.53 Million 1000HP Hybrid Hypercar

China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars

China looks at ending sales of gasoline cars:

China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars.

China’s industry ministry is developing a timetable to end production and sale of traditional fuel cars and will promote development of electric technology, state media on Sunday cited a Cabinet official as saying.

The reports gave no possible target date, but Beijing is stepping up pressure on automakers to accelerate development of electrics.

China is the biggest auto market by number of vehicles sold, giving any policy changes outsize importance for the global industry.

Read moreChina is joining France and Britain in announcing plans to end sales of gasoline and diesel cars

Elon Musk Magically Extends the Battery Life of Tesla Vehicles Fleeing Hurricane Irma

Magic!

Elon Musk Magically Extends Battery Life Of Teslas Fleeing Irma:

In what is either a generous act of charity or an unnerving example of the control Tesla exercises over the vehicles it producers, or perhaps both, Tesla CEO Elon Musk has magically unlocked the batteries of every Tesla in Florida to maximize the distance that people fleeing from Hurricane Irma can travel before stopping to refuel at one of the company’s “superstation” charging centers.

Typically, these types of over-the-air upgrades can cost thousands – if not tens of thousands – of dollars.

Read moreElon Musk Magically Extends the Battery Life of Tesla Vehicles Fleeing Hurricane Irma

“Self Drive Act” Passes House Committee 54-0: Safety Standards Scrapped, 25,000 Driverless Cars Coming Right Up

“Self Drive Act” Passes House Committee 54-0: Safety Standards Scrapped, 25,000 Driverless Cars Coming Right Up:

Many contend that self-driving trucks and cars will not happen anytime soon for numerous reasons (most of them easily refuted).

One of the reasons is of lack of approval from Congress.

That argument will go on the ash heap of history by the end of the year because a bipartisan House Panel Approves Legislation Speeding Up Deployment of Self-Driving Cars.

Read more“Self Drive Act” Passes House Committee 54-0: Safety Standards Scrapped, 25,000 Driverless Cars Coming Right Up

‘Inconvenient’ Fact: Morgan Stanley Says Electric Cars Create More CO2 Than They Save

‘Inconvenient’ Fact: Morgan Stanley Says Electric Cars Create More CO2 Than They Save:

“Whilst the electric vehicles and lithium batteries manufactured by these two companies do indeed help to reduce direct CO2 emissions from vehicles, electricity is needed to power them.  The carbon emissions generated by the electricity required for electric vehicles are greater than those saved by cutting out direct vehicle emissions.

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The Madness Is Back: Homeowners Take Out Mortgages To Buy Bitcoin, Cars And Wine

Continue to prepare for collapse.

The Madness Is Back: Homeowners Take Out Mortgages To Buy Bitcoin, Cars And Wine:

It’s been about a decade since the term “mortgage arbitrage” made headlines. It’s back.

In the clearest sign yet of just how late far the investing cycle the developed world finds itself, the FT writes that wealthy British homeowners are again borrowing against their property to invest in bonds, equities, alternative investments or commercial property as the low cost of debt creates opportunities for “mortgage arbitrage”. And while taking out a mortgage to invest in “safer” arbs like corporate bonds, commercial real estate or private equity would be at least understandable, if not excusable, in the current low-yield regime, some more extreme “investment” decisions suggest that the madness and euphoria that marked the peak of the last asset bubble is back: because while growing numbers are prepared to risk using their primary residence as collateral, some are ready to gamble on extremely volatile assets like bitcoin, wine and cars.

Read moreThe Madness Is Back: Homeowners Take Out Mortgages To Buy Bitcoin, Cars And Wine

General Motors Auto Sales Crash, Dealer Inventory Near All Time High

GM Auto Sales Crash, Dealer Inventory Near All Time High:

It was expected to be a bad quarter for General Motors. It ended up being abysmal.

GM reported that July auto sales crashed by a whopping 15%, nearly double Wall Street’s already depressed expectations of a 8% drop, and with GM mothballing production across the country to catch up with lagging demand, it still sold only 226,107 vehicles as a result of double digits drops in Chevy, Build and Cadillac Sales of 15.3%, -30.5% and -21.7%, respectively. The only “good” performer was GMC, which dropped by “only” 7.3% Y/Y.

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