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Recharge Wrap-up: AutoNation CEO calls anti-Tesla laws unnecessary, Common Pence donates subway money

Volkswagen has presented a list of near-term technologies to improve fuel economy and decrease emissions. The list includes an addition to a coasting function in its stop-start system, a 10-speed DSG transmission and a more power-dense four-cylinder TDI engine. Volkswagen aims to be the world's most sustainable automaker by 2018 through electric mobility, improved design and increased environmental performance from internal combustion vehicles. Volkswagen also announced other technologies for increased interactivity and connectivity in its vehicles. Read more at Green Car Congress. Commence Pence is a system that allows subway riders in London to donate their unused transit money to charity. People visiting the city often load up enough on their subway card (called Oyster Card) to get them through their trip and end up with unused funds leftover. Zander Whitehurst, a British designer, has created a device that can use the card's RFID to accept leftover funds, which then get diverted to charity rather than reverting back to the agency in charge of running the subway fare system. See the video below or read more at Wired. Mike Jackson, CEO of AutoNation has called Michigan's efforts to ban Tesla's direct sales in the state "unnecessary protectionism." The statement comes as a bit of a surprise, as it dissents from the majority of auto dealers who support a franchise model, as well as laws that forbid automakers selling directly to the consumer. "If Elon Musk wants to make a mistake and go with an inefficient distribution system, that's his right as an American," says Jackson, showing he feels he has little to fear from the electric automaker. Jackson has more to say on the matter, which you can read over at Green Car Reports. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Tesla Stores Around The World View 22 Photos News Source: Green Car Congress, Wired, Green Car ReportsImage Credit: Rick Bowmer / AP Government/Legal Green Tesla Volkswagen Fuel Efficiency Transportation Alternatives Electric recharge wrapup

Why Tesla will need more loans to make it through 2013

It's fun to bet against Elon Musk and Tesla - that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled "Skeptical of Tesla" is John Shinal at Market Watch who, in year-end commentary on Tesla's financials, says that the "carmaker's financials are reminiscent of a dot-com's." He does not mean that in the good way.
To be fair, Shinal isn't exactly betting against Tesla, he's saying that if you check the bottom lines, the only thing keeping Tesla alive is the hundreds of millions in Federal Department of Energy loans it has received. Based on its filings, he says the company has less than six months of cash on hand, hasn't produced as many cars as it promised and had to lower its revenue forecast for 2012, has had a "year of net losses and negative operating cash flow," and was underwater by at least $37 million at the end of the third quarter.
But Shinal's not done there, summarizing Tesla as an operation with "a poor habit of failing to deliver to customers the cars it has promised them, while simultaneously raising the prices of those yet-undelivered cars," and "a lousy level of customer service." He says there are more damning things to be found in Tesla's SEC registration settlement from September, but we'll have to wait for his next column to find out what those are. The takeaway, in Shinal's opinion, is that even though Tesla will keep getting money from the government, that investors have no business dealing in Tesla stock.

Bosch has an advanced self-parking system slated for 2019

Self-driving cars are the future of the auto industry, but there are many years and intermediate steps between now and driverless roads. Bosch made one of those important baby steps earlier this month when it unveiled its Home Zone Park Assist, which takes automated parking to the next level. The system works like this: a driver pulls up to where they'd normally begin to angle into a preferred parking spot. The driver then sets the start point and slowly drives the car into place so the system can learn the route. After the route is entered, the driver can let the car take control by either holding down a button inside the vehicle or on a smartphone app to engage the self-parking program from outside the car. Twelve ultrasonic sensors, a rear-facing stereo video camera, and four radar sensors work together to slot the car safely into or out of a spot perfectly every time. If you don't start in the same place every time that's okay, because the car can deviate from the original start and stop points by up to six and a half feet. The system can track up to 100 meters' worth of complex maneuvers, perfect for anyone tired of backing out of long, curvy, or steep driveways. Bosch says the system will be available in a few years but doesn't mention any specific models. Other companies have similar technologies, but they're not quite as advanced. The National Highway Traffic Safety Administration recently cleared a similar technology called Park Assistant Plus for use in the BMW 7 Series. BMW's technology allows drivers to move the car in and out of parking spaces with the key fob. Tesla's Summon feature allows the Model S and X to come when called up to 10 meters away. But Bosch seems to have pushed the boundaries of what autonomous features on cars can do. Besides superior distance, the really amazing aspect of Bosch's system is that it allows cars to sense obstacles within its path and make the decision whether to proceed with minor course adjustments or stop and wait for its owner. That's right, a decision-making car. Welcome to the brave new world. Related Video: