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CE-Oh no he didn't!: BMW exec says electric vehicles 'won't work,' but would love to sell you one anyway
Jim O'Donnell, CEO and chairman of BMW North America, recently sat down with the Detroit News to discuss the ActiveE -- an electric version of BMW's 1 Series coupe, available for lease in the US this fall. Most CEOs would've probably used the opportunity to wax PR poetic about their company's bold, forward-looking ethos, because that's what CEOs do. O'Donnell, however, used the occasion to let us in on a dirty little secret: EVs don't actually work. According to O'Donnell's undoubtedly robust calculations, EVs won't work for "at least 90-percent" of the human population, at current battery ranges. The situation is so dire, in fact, that the US government shouldn't even bother wasting its $7,500 tax credits on frivolous things like innovation, national security and clean air. "I believe in a free economy. I think we should abolish all tax credits. What they are doing is putting a bet on technology, which is not appropriate. As a taxpayer, I am not sure this is the right way to go." O'Donnell went on to say he's "far more optimistic" about diesel's chances of increasing BMW's US market share -- because, you know, it's not like the oil industry gets any tax breaks, or anything. And it's not like diverting some money away from oil subsidies and putting it toward EV technology would create the "level playing field" that O'Donnell and his company so desperately need. No siree, the US energy market is just as pure and fair as it's always been -- and it certainly doesn't deserve to be corrupted by an EV tax credit pestilence. That said, O'Donnell would still really appreciate it if we buy the battery-powered i3 when it launches in 2013. Who knows? He may even throw in a free bridge, too.
Dish Network takes over 500 Blockbuster locations for some reason
Earlier this month, when Dish Network announced that it would be taking over Blockbuster's remaining assets, we openly wondered about what the deal would mean for the thousands of (mostly) empty rental stores still scattered across the country. Shuttering all of them seemed like a very real possibility, but it now looks like Dish has plans for at least a few of Blockbuster's old stomping grounds. On Saturday, the company agreed to assume the leases for about 500 of the 1,700 Blockbuster locations still in operation, according to papers filed with a New York Bankruptcy Court. Of course, it's still unclear what Dish plans to actually do with these stores -- or, for that matter, with the Blockbuster brand, as a whole. But it certainly looks like its long-term vision may incorporate at least some of Blockbuster's brick-and-mortar roots.
Electric Mazda2 coming to Japan in 2012, no you can't drive it
Mazda has been toying with an electrified version of its Demio compact (known as the Mazda2 'round these parts) since at least last year, and now it's announcing plans to start some serious production of the 200 kilometer (125mile) range autos, putting them up for lease by spring of 2012. There are a couple of catches, though: these are only for the Japanese market and, if that weren't bad enough, they'll only be available for fleet sales. So, unless you're looking to buy a couple-dozen for Bob's Heavy Industries you're out of luck. For now, at least.
Tesla launches Roadster lease program for wannabe eco-ballers
Ain't got a hundred large to dump on a new Tesla Roadster? Fret not, as the outfit famous for producing the world's first commercially viable electric supercar now has another option for you to ponder: leasing. For those unfamiliar, it's somewhere in between buying one outright and swiping one while the salesperson's not looking, and it'll require just over $12,000 up front along with 36 payments of $1,658 in order to temporarily own the car of your dreams. Of course, that's just a model scenario based on a Roadster with an $111,005 MSRP, though the somewhat snazzier Roadster Sport is also included in the deal. Come to think of it -- if you get in on a lease now, there's a good chance that the Volt you pre-ordered will finally be in stock by the time you bid your Tesla a fond farewell. Right, Ed?
Toyota details research plans for plug-in Prius, won't lease batteries
Earlier this year, we got word that Toyota was likely to test the waters with a plug-in version of its oh-so-trendy Prius, and now the auto maker has stepped forward and doled out a laundry list of details about the plan. Reportedly, the outfit will be delivering a single "modified Prius" to the University of California, Berkeley and University of California, Irvine for a three-year study designed to "speed up development of plug-in versions of the hybrid." The Golden Bears will be focusing on consumer behavior / lifestyles, while the Anteaters will research technical issues, such as how much juice will be sucked from the power grid when thousands of drivers plug-in their rides for the evening. On another interesting note, Toyota also mentioned that it had "no intention of leasing more expensive batteries for next-generation hybrids separate from the vehicle," which contrasts the view of several competitors (like GM) who are least mulling the idea. Unfortunately, we've no idea if the still-elusive plug-in Prius will land before / after the Volt, but we're sure folks at Toyota won't sit idly while Chevy cashes in for too long.
GM mulling battery rentals for the Chevy Volt
Tossing out the idea of renting / leasing the battery of an electric car isn't exactly revolutionary, but it sounds like GM may be hitching a ride on the ever-growing bandwagon. Reportedly, the firm is mulling the idea of allowing Chevy Volt buyers to "rent the vehicle's battery as a way of pricing the automobile at a comparable level to a traditional, petrol-driven family [motorcar]." Apparently, GM is hoping to get ten years of life from the battery packs and to price the Volt like a "traditional mid-market car." Notably, no further information regarding potential contracts or sales strategies were divulged, but considering the launch date for this sucka is just around the corner, we're sure relevant decisions will be made soon enough.[Via AutoblogGreen]
Honda paying out $6 million for 'overclocked' odometers
If you've been wondering how your Honda or Acura just seems to cover ground an awful lot quicker than your previous ride without even getting you a speeding ticket, listen up. Apparently, around six million Honda / Acura owners have been wheeling around in vehicles that are clicking off miles quite a bit faster than they're actually being driven. The Society of Automotive Engineers' voluntary standard for fluctuation in an odometer "is plus or minus 4-percent," and strangely enough, the National Highway Traffic Safety Administration doesn't even regulate it. Honda claims that its units were "accurate to within 3.75-percent" on the high side, but a lawsuit against them claims that's just a bit too close for the average consumer's well-being. The automaker will be shelling out over $6 million in overcharges for leasers who were unfairly penalized for exceeding the agreed upon mileage, and will also extend the warranty mileage five-percent. Of course, Honda has since tightened up its standards (read: fixed the programming bug), purportedly "aiming for zero" in regard to future error, but if you happen to own a Honda / Acura purchased between April of 2002 and November of last year (or a select '07 Honda Fit), these benefits should be coming your way pending a district court judgment on the settlement.
