Archive for December, 2012

All-new Cadillac ELR to be unveiled next month

  Cadillac has announced production of an all-new extended-range electric luxury touring coupe. The Cadillac ELR is based on the highly acclaimed Cadillac Converj Concept vehicle shown at the 2009 North American International Auto Show. Its sleek profile and sharp lines allow ELR to slip through the air with little resistance. Signature Cadillac styling cues are also evident in the dramatic grille, jewel-like headlamps and vertical LED taillamps. The ELR will be equipped with an electric propulsion system featuring a lithium-ion battery, an electric drive unit, and a four-cylinder gas-powered electric generator. Electricity is its primary source of energy, with the range-extending generator providing power when the battery is depleted. In keeping with Cadillac’s prestigious history of technical innovation, the four-seat ELR will offer something never seen before—the combination of electric propulsion with striking design and the fun of luxury coupe driving. GM has …

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Barrett-Jackson to offer multi-million dollar Ferrari

  Barrett-Jackson has announced many multi-million dollar vehicles to be offered at their annual Scottsdale, Arizona auction in January. The vehicle expected to garner the highest value is a 1958 Ferrari 250 GT LWB California Spider. The super rare convertible is one of only 50 built and features a 3.0-liter V-12. The car has been certified by Ferrari as a matching-numbers example and has been shown at the most elite car shows in the country. It is being sold by Gooding & Company who currently holds a five-year record of selling the most expensive vehicle at the show. It’s estimated the car will sell for between $5.5 million and $7 million. Although it may go for more if the right buyers are participating in the auction. The Barrett-Jackson auction date is January 13th to 20th in Scottsdale, Arizona. For more information visit Barrett-Jackson.com

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Fisker Automotive is searching for more investors

  Fisker Automotive the maker of the Karma is searching for investors and business partners to help bring to market a second electric vehicle. The automaker gained notice late last year for introducing its beautiful Karma hybrid, which uses an electric battery to go about 53 kms before a gas engine kicks in and extends the range. Electric cars have a lot to offer in theory, however, car buyers have not been quick to purchase them. The other issue is the Fisker Karma is priced at over $120,000, which has a limited market to start with. Fisker needs about $500 million to launch a second vehicle, its Atlantic model, a $55,000, four-door rechargeable sports sedan. The design of the Atlantic and the engineering of its drive train is 90% done, Ormisher said. “The next big part would be moving in production equipment and that would …

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