Sep

REVA NXR Reveals Pricing

Posted by Brian Published in Alternative Energy, Cars, Enviroment

As new electric cars continue to flourish and come out one by one, how much they would cost is the prime concern for most motorists. Basing it from the initial prices set out in the market, they are not that cheap. And now, the next best thing to do right now is to compare and see which electric car can fit into their budget and deliver their transport needs.

REVA initially made the headlines when it unveiled its electric car in India last February. And now, that same company reveals the price for its REVA NXG which is scheduled to go into full production by 2010. Average prices in Europe, will be around 14,995 EUROS for the lithium-ion NXR Intercity version, plus a monthly mobility fee for the batteries and other services.The REVA NXG pricing in Europe, excluding batteries is from 23,000 euros plus a monthly mobility fee.

The REVA falls under the M1 category three door, four seater hatchback family and can reach a top speed of 104 KPH and a range of 160 KMS. They boast of a keyless entry and operation and will include REVA’s exclusive REVive remote emergency charge.

Check out the gallery below:

(Source) Press

Tags: batteries, Budget, electric car, electric cars, Europe, headlines, India, initial prices, keyless entry, kph, lithium, lithium ion, motorists, prime concern, reva nxg, top speed

1 comment

Jul

GMAC Issues Statement on GM Court Bankruptcy Approval

Posted by Brian Published in Business, Cars, GM, Industry

Yesterday, we had posted that General Motors finally got approval for the transfer of assets to the “New” GM. And while many approved and disapproved that piece of news, GMAC issues a statement of their own regarding this development.

In conjunction with the closing of the sale, the contracts GM has with GMAC will be transferred to the new GM entity. GMAC is pleased to conduct its business operations with the new GM entity and to be part of the solution to stabilize and strengthen the U.S. auto industry.

Again this is bound draw some issues. What about the debts and liabilities? What fate does befall them? Technically, we have been talking about the assets or the so-called good sides of the deal. What about the other pieces of the GM puzzle that are totally clueless to date?

Well you can be assured that GM will be in the headlines once again from hereon. There are still some loose ends to cover.

(Source) Press

Tags: assets, auto industry, business operations, conjunction, contracts, court bankruptcy, debts, General Motors, GM, GMAC, headlines, liabilities, loose ends, puzzle, u s auto

2 comments

May

US Government Injects 7.5 Billion to GMAC

Posted by Brian Published in Business, Chrysler, GM, GMC, Industry

GMAC, the former division from GM, is getting another shot in the arm with the injection of $7.5 billion in exchange for shares from the company. The move is expected to be good news for all Chrysler and dealers, an issue that has been plaguing the headlines due to the car manufacturer’s restructuring intent.

The Treasury has already allocated 5 billion dollars to Gmac to increase its capital and 884 million dollars to GM to acquire Gmac shares. The American Treasury announced that it will ‘’soon” convert the 884 million dollars in privileged shares in ordinary shares, making it shareholder with a 35pct stake in Gmac. The 7.5 billion dollars loaned to Gmac include 4 billion which Gmac has to loan to Chrysler clients and dealers.

It looks like this development will address issues surrounding loans and the car industry. GMAC has been in sitting in pins and needles lately and with this new stimulus-plan like assistance from the US government, keep your fingers crossed that something should come out of it unlike the previous one which seemed to produce nothing beneficial for anyone.

(Source) AGI