San Jose, CA (PRWEB) February 23, 2013
Tesla Motors Announces Q4 Financial Data
Tesla Motors' officials report that the automaker expects to show a profit when first quarter results for 2013 are released. Until today, the company's CEO, Elon Musk, had said he expected the carmaker to turn a profit much later this year, thus today’s report was an overall positive announcement for the firm. Even though the electric car manufacturer reported an $89 million loss for the fourth quarter of 2012, it delivered ten times as many Model S cars in the fourth quarter than in the third, and is continuing to ramp up production. For the complete story, see:
McLaren to Make Hybrid P1
One of the planet’s most powerful hybrid automobiles will debut at the Geneva Auto Show in March. The McLaren P1 will offer a 903-horsepower engine system and 663 foot-pounds of torque. The plug-in hybrid successor to the F1 comes with a charging unit that can re-up the battery pack in just two hours. The mid-engine V8 twin-turbo is actually a reworked M838T teamed with an electric motor. The rear-wheel-drive P1 boasts a featherweight, 212-pound battery on the underside of its carbon-fiber chassis. Exact pricing and fuel economy data are currently unavailable, but a million-dollar price tag is expected. For the complete story, see:
Volkswagen Releases Data on Electric Golf
As a lead-in to its appearance at next month’s Geneva Auto Show, Volkswagen’s e-Golf has been getting plenty of media ink, notably for its prospective 109-mile-per-charge range and 5-hour charge time. Boasting a maximum speed of 84 mph and a respectable 0-to-60 mph run of less than 12 seconds, the e-Golf is part of the German auto giant’s latest “offensive,” which includes the introduction of at least seven fresh models. For the complete story, see:
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