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Tesla prepping Supercharger network for big growth across Europe

It'd be a nice life to be able to tour across Europe in a Tesla Model S. And that's something the California-based electric-vehicle maker is looking to enable by the end of the year. We're ready. Who's got the key fob? Tesla opened three Supercharger stations in Germany on Thursday and is aiming to string enough together to let drivers roam across the continent purely by Supercharger power by the end of 2014, Bloomberg News says. The company now has 23 Superchargers in Europe, including nine in Germany and six in Norway. Those high-powered stations can half-charge a Model S in about 20 minutes. Tesla has 97 Superchargers in North America. Tesla's most recent Supercharger deployments across the Pond merely reinforces Tesla chief Elon Musk's pledges earlier this year to ensure that all European Tesla owners would be within reach of a Supercharger by year-end, Tesla spokeswoman Liz Jarvis-Shean wrote in an e-mail to AutoblogGreen. Musk said in March that Tesla drivers would be "able to travel almost anywhere in Europe using only Superchargers" by the end of 2014. Earlier this month, Tesla started deliveries of right-hand-drive Model S sedans in the UK. Additionally, Musk estimated that the company would open a factory in Europe once annual sales on the continent reached 160,000 units. By all accounts, that's likely to be a long way off. Earlier this year, Tesla dropped the price of the Model S in Europe, though the company said that move was due to the strengthening Euro and not because of any demand issues.

Ford 1.0L takes third-straight International Engine of the Year award

Ford's 1.0-liter EcoBoost is proving to be The Little Engine That Could, and it continues to acquit itself well, finding favor as one of the best powerplants in the world. To confirm it yet again, the tiny mill just won the International Engine of the Year award for the third year in a row, likewise also nabbing the title in the Sub 1.0-liter category.
Packing 123 horsepower and 148 pound-feet of torque with overboost (125 lb-ft normally), the tiny engine combines impressive power in a size small enough to be a carry-on item for a commercial flight. US buyers only got a taste of the award winner in the 2014 Fiesta, while the 1.0 EcoBoost has been available throughout the Ford lineup in Europe for a few years now. American sales have reportedly been strong, however, and next up in the US, the mill will find its way into the 2015 Focus.
The panel of 82 jury members from 34 countries also named the Mercedes-AMG 2.0-liter turbo found in the A45, CLA45 and GLA45 AMG models with 355 hp and 332 lb-ft as the best New Engine for 2014. The electric powertrain from Tesla won Green Engine prize, and the 4.5-liter V8 from the Ferrari 458 Italia took home the honor of top Performance Engine yet again. You can check out all the winners below, and scroll down further to read Ford's celebratory announcement of its award.

Tesla Gigafactory will be capable of supplying packs for 500,000 EVs a year

We made our gigafactory predictions the other day and, it turns out, we were pretty much on target. Today, Tesla Motors released the first official details on its upcoming massive battery plant and we see sun and wind power feeding energy into a plant that will employ around 6,500 people and make enough packs for around a half-million Tesla EVs a year. You read that right. Tesla is getting ready to produce 500,000 EVs a year, and that's already in 2020. Tesla hopes to start selling a lower-cost EV, the Model E, in about three years. The finalists for where the Gigafactory will be built include the Southwestern states of Nevada, Arizona, New Mexico and Texas (our money is on Nevada). We were a little low on the estimated battery output. Instead of being able to make 30 Gigawatt-hours of batteries per year, Tesla is saying that it will have enough capacity to produce 35 GWh of cells and 50 GWh of packs a year. We think that's for both EVs and stationary applications and have reached out to Tesla for confirmation on this point. You can see the details for yourself here and in our gallery below. Through 2020, Tesla will directly invest around $2 billion in the plant and its partners will pony up another $2-3 billion for a total cost of $4-5 billion. That's a lot of cash, but Tesla says that it will make buying an EV much, much cheaper. The company is saying that, once the plant is up and running for the first year, the per-kWh cost of a Tesla battery pack will be lowered by "more than 30 percent." Maybe that Model E isn't such a pipe dream after all. Also today, Tesla announced a new convertible notes offering worth $1.6 billion. Details are available in the press release below. Tesla Announces $1.6 Billion Convertible Notes Offering Wednesday, February 26, 2014 PALO ALTO, Calif., February 26, 2014 – Tesla announced today an offering of $1.6 billion aggregate principal amount of convertible senior notes in an underwritten registered public offering. Of the total offering, Tesla will offer $800 million aggregate principal amount of convertible senior notes due 2019 and $800 million aggregate principal amount of convertible senior notes due 2021.