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 headlines generally favored Tuesday being another good day for the stock market. Instead, it was just a mixed day with modest point changes on either side of the unchanged mark for the major indices.
For the most part, the stock market was a sideshow. The main trading events were seen in the commodity and Treasury markets, both of which saw some decent-sized losses within their respective complex.
Dollar strength was at the heart of the weakness in ... More
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The S&P 500 manages to keep a deathgrip on 2,000, but key areas of the market are already buckling under pressure.
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