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Wheego needs more cash to produce LiFe EVs, 'living hand-to-mouth' for now
Oh, how the winds of fortune can swirl. Just a few weeks after finally selling its first LiFe electric car to a happy couple in Atlanta, Wheego appears to have suddenly fallen on hard financial times. Very hard times. Speaking to Automotive News, CEO Mike McQuary claimed that his startup's coffers are bare enough to jeopardize future production of Wheego's flagship, battery-powered two-seater: "My constraint is primarily capital. We'll be living hand-to-mouth as we try to get the first cars built. The next 200 will creep out as we raise money." McQuary didn't say how far behind schedule Wheego is at the moment, but part of the problem seems to be finding enough money to buy parts for its $32,995, 100-mile range EVs. The company's plant in California was supposed to produce 200 vehicles a month starting in January, in the hopes of eventually churning out 60,000 a year. Those plans, however, were soon derailed, due to unexpectedly delayed approval from the National Highway Transportation Safety Administration -- a setback that also hurt the company's capital raising campaigns. The company is hoping to raise some $15 million with the help of a VC firm in Connecticut, but until it does, Wheego may not be going anywhere.
SantosHuman's Virtual Soldier recruited by Ford for assembly line detail
Future Combat Systems has given us plenty of fun over the years, from Land Warrior high-tech uniforms to field ready Xbox 360 controllers, and while the program was scuttled early last year, the technology keeps popping up all over the place. For instance, Ford's just announced that it'll be using SantosHuman's virtual soldier, a biofidelic (true to the human body) computer simulation, to predict long-term ergonomics and safety concerns on assembly lines. Developed at the University of Iowa for the DoD, this guy has a complete biomechanical muscular system and physics engine capable of registering body strength, fatigue, motion, and strain. From easing the physical strain of soldiers to helping our beleaguered auto workers -- that's what we call progress. Now how about a little help for all of us long-suffering tech bloggers? PR after the break.
GM woos CFO Chris Liddell away from Microsoft
As you may or may not have heard, Microsoft CFO Chris Liddell announced that he was leaving the company late last month, but neither he nor Microsoft was doing much talking at the time about what he would be doing next -- other than that he would be "looking at a number of opportunities that will expand his career beyond being a CFO." Well, it looks like he will still be a CFO after all -- this time at General Motors. That move was just made official today, and follows news earlier this month that GM's current CFO, Ray Young, would be transferring to China. As you might expect given the executive situation at GM, however, there's plenty of speculation that this hire might be more than what it seems, and folks already talking that Liddell may actually be being groomed to take over as CEO of the company once he gets a bit more experience in the automotive industry.
