Detroit upstart plans electric sports car
Watch out, Tesla Motors. A new company says it can start making a 2-seat electric roadster by this fall.
Detroit Electric collapsed after the Great Depression, but a former Lotus Cars executive borrowed the name for a new company founded in 2008. Now, the company wants to produce a battery-powered sports car by August.
"We think we have the best electric car out there," Don Graunstadt, CEO of the company's North America operations, told the MLive website. That was a clear knock against Tesla Motors (TSLA), which has been ramping up a line of sleek electric sports cars.
So far, Detroit Electric isn't saying much about the cars it plans to produce. It released a teaser photo (pictured) of a two-seat sports car that it says is "certain to quicken pulses." The car could cost around $135,000, MLive reported.
The new car will be revealed April 3 in Detroit and then at the Shanghai Motor Show on April 20. The car will be assembled in Michigan, and Detroit Electric says it can make up to 2,500 a year at its facility.
It will have a non-union workforce, and executives want to hire 180 employees by the end of the year.
Hate Unions Hate Bosses Unions are scum.... Bosses are scum... I guess that's why there are so many scum ponds.
Another huge swing and miss, $135,000 is about $100,000 too high priced. When will these idiots realize an electric commuter car will sell like hot cakes, but it must be priced around $30,000, have only 2 seats, and be a hard top convertable with front wheel drive. Don't invest a cent in this company, it is doomed for failure, just l ike Tesla.
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[BRIEFING.COM] The stock market punctuated July with a broad-based retreat that sent the S&P 500 lower by 2.0% with all ten sectors ending in the red. The benchmark index posted a monthly decline of 1.5%, while the Russell 2000 (-2.3%) underperformed to end the month lower by 6.1%.
To get a better feel for what led to today's retreat, we'd like to look back to Wednesday, when the market had ample reason to rally, but did not. Instead, it ended basically flat after a sloppy day of ... More
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