Comments on: Detroit Electric resurrected as $25,000 electric car
Detroit Electric, a company that combines European engineering, Asian manufacturing, and an American brand, announces a deal to produce and sell electric sedans next year.
Detroit Electric, a company that combines European engineering, Asian manufacturing, and an American brand, announces a deal to produce and sell electric sedans next year.
There were plenty of e-book readers on display at CES 2010, but many question whether the market for such dedicated devices can support all the new entrants.
Photos: E-readers at CES 2010
Vintage computer historians have long revered the Altair 8800. As it turns out, an unknown computer project at Sacramento State beat the Altair by three years.
Images: The first microcomputers
Innovation in energy and environmental technologies is long overdue, in business and at home. Green-tech reporter Martin LaMonica and other CNET writers serve up fresh clean-tech news and commentary.
Add this feed to your online news reader
they'd sell more if they looked exactly like the originals.
guaranteed.
ZAP Misdeeds:
Their factory turned out to be a sham:
http://earth2tech.com/2009/03/09/zap-kentucky-deal-is-a-lesson-for-politicians-touting-green-jobs/
Plus more scams:
http://mfrtech.com/articles/1570.html
http://blog.wired.com/cars/2008/03/the-zap-x-and-a.html
http://www.autobloggreen.com/2008/11/26/ge-capital-kentucky-zap-deal-what-kentucky-zap-deal/
http://earth2tech.com/2008/11/20/zap-deal-going-splat/
Newspaper Report: Integrity Manufacturing Being Sued; Bank Seeking Sale of Property
Friday, February 06, 2009 - Article #1845
Click image to enlarge The Business First of Louisville is reporting that National City Bank is suing Shepherdsville, Kentucky-based Integrity Manufacturing and other companies connected with entrepreneur Randall Waldman.
According to front page report, the suit alleges the defendants are in default for more than $1 million for failing to pay off a loan that came due in May 2008. National City - which was acquired by PNC Financial Services Group in late 2008 - holds a mortgage on the property on Ky. 44 where Integrity has its factory and the bank is asking the court to sell the property to pay the debt.
Waldman reportedly said the bank declined to renew the mortgage agreement when it expired.
The Business First article also lists several other legal challenges against Integrity and Waldman. Integrity Manufacturing, a precision machining operation, has employed as many as 400, but Waldman reportedly said the company now has only about 200 workers.
Another venture, Integrity Automotive ? owned by Waldman and several minority partners ? was set to be a majority owner of a new one million square foot ZAP plant in Simpson County, Kentucky. The company would be under a production contract with California-based ZAP (OTCBB: ZAAP), which develops, markets and distributes electric vehicles. ZAP started contracting with overseas manufactures to produce the vehicles and now looks to bring some of that production back to the United States, company officials have said.
The endeavor in Kentucky was estimated to cost about $200 million.
Integrity Automotive says it's completed an application for a $200 million loan from the U.S. Department of Energy Advanced Technology Vehicles Manufacturing Loan Program. In a January news release, Waldman said the application for a fed loan was a major step to getting the plant built in Kentucky. There was no indication when a decision would be made on the recent federal loan application.
Last summer, state officials announced the ZAP plant would come to Kentucky and bring as many as 4,000 jobs.
Within months the plan seemed to unravel.
In November 2008, Waldman told news sources - including Manufacturing & Technology eJournal - he had financing lined up for the ZAP plant through GE Capital. Then, he said, GE pulled the plug on all its U.S. projects leaving the plans in limbo.
A spokesperson from GE disputed that account, saying the finance company had never made a commitment to the plant. When asked if the governor's office had failed to verify that financing for the project was in place before making the big announcement, a spokesperson said "we were told that "financing was in place."
Click image to enlarge For more information about Integrity Manufacturing visit http://www.integrity-manufacturing.com/
For more information about ZAP visit http://www.zapworld.com/
Related articles:
http://www.mfrtech.com/articles/1570.html
from the release:
The 100-year-old Detroit Electric brand was reestablished in 2007 as a joint venture by California electric vehicle manufacturer ZAP (OTC Bulletin Board: ZAAP - News) and China Youngman Automobile Group. Under the agreement, ZAP will transfer ownership interest in Detroit Electric in exchange for North American sales and distribution rights for all vehicles developed and manufactured by Detroit Electric as well as $750,000 (US Dollars). According to Lam, China Youngman Automobile Group will relinquish its ownership under a separate arrangement, but will continue to provide vehicle platforms to Detroit Electric for pure electric transit buses and coaches.
Detroit Electric has attracted technology-based shareholders and investors in Europe to continue its development program for a range of four wheeled, multi-passenger automobiles for manufacture in Malaysia and China. The Company expects to announce its vehicle projects by the end of 2008.
-GE Capital stopped financing big jobs. In case you didn't know, GE lost their shirt just like a bunch of other companies. Is that ZAP's fault?
-The company that was supposed to build ZAP's Kentucky factory went bankrupt and are the target of several lawsuits. Zap is not being sued, the company Zap hired to build a factory is being sued. Is tha ZAP's fault?
-Zap is suing Dailmer-Chrysler for interfearing with it's business. Apparently that makes Zap look bad. Go ZAP!
-An article written in 2008 criticized Zap because it didn't employ many people in 2006. The journalist didn't bother to print what the then-current (2008) labor force at Zap was. Outdated information, clearly an unbalanced article.
-Zap doesn't make a big profit, in fact it looses money. Considering the 'Big 3' were begging congress for cash a few months back, that's par for the course.
Nice fail.
You're right. Using MS is a bad example. The computers that come with it are really cheap. But OEM Windows costs a lot. My point, that even you should be able to grasp is that sheeple tend to buy based on cost first and foremost. Cost and features. It doesn't matter if it is good or not. If the box lists enough features and the cost is low, they will buy. Even if they end up throwing it away a month later. If enough people decided to buy only quality products, the cost of those products would come down. But people don't always act in their own best interest. Just look at the president we voted in twice for the last 8 years. Amen
That is one interpretation...sure. And if it's the case that aka_tripleB meant it that way...I'll point out again that the car is available in a 200 mile version (and models from shops like Tesla are available with 300 mile options)..giving a "trip radius" of 100+ miles, not 50. Far more as recharging stations begin to pop up (similar situation to owning a propane/LNG vehicle in some parts of the country: unlimited potential range *if* you can find a filling station when you need one). And as for the 5-minute rechargeable batteries...the basic tech is here now...just have to wait until the next generation of production batteries incorporates the new know-how.
http://en.wikipedia.org/wiki/Ford_Nucleon
It will be the solution for everything dealing with transportation.
Yelling incorrect information indicates you're an idiot.
The Volt will be able to go up to 40 miles on battery before the on-board gasoline engine kicks in to supply more electricity to the drive system. The full range is 400+ miles.
I don't think what you're describing is easy, else it would have already been done. What you describe requires bigger batteries, bigger motors and bigger controllers. That means higher cost, higher weight, volume limitations, changes to vehicle dynamics and safety factors, etc. Pretty much a complete redesign is required to pull it off IMHO.
Exclusionary auto mfg has ruled in the the US for far too long, now we will all have choices. Beyond that the Contract Mfg. concept has been used by so many industries for years but it was just one more thing that Detroit said it can't do. Their view is still that one person driving a new every 2 years, 4000 pound SUV to the grocery is just fine. Fine for them but not sustainable for all of us.
Hopefully mainstream electric cars will quickly be able to deliver what most of us demand
can comfortably fit four 6' tall Americans and a trunk full of their stuff
will run all electric for all the errands/commuting for the week
have the range to drive say 600 highway miles on the weekend
Seems like to closest is the Volt, but since GM is on shaky ground these day, who knows if it will ever reach the showroom or be affordable for us. Seems to me that people who will spend $40k on a car are already driving a Lexus or something similar.
- by amps911 April 3, 2009 6:42 AM PDT
- If its not made in the US ! Forget it ! Not Interested ! Keep it out !
- Like this Reply to this comment
-
Showing 1 of 2 pages (36 Comments)