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Autoblog Minute: VW Q3 financial woes, 2015 Tokyo Motor Show

Consumer Reports pulls its Tesla recommendation, the U.S. Copyright Office offers a ruling affecting car owners, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. Autoblog senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] Consumer Reports pulls its Tesla recommendation, the U.S. copyright office offers a ruling that affects car owners and gear heads, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. After a week away testing vehicles for Autoblog's Tech of the Year award, we're back in the office to recap the week in automotive news. [00:00:30] One of the things you might have missed was Consumer Reports pulling its recommendation of Tesla's Model S sedan. The blemish for Tesla comes after a tally of reviews from customer surveys. The most common problem areas for the Model S as cited by survey takers included: the drivetrain, power equipment, charging equipment, body and sunroof squeaks, rattles, and leaks. So lots of stuff. Though they could not ignore a score of "worse-than-average", Consumer Reports still [00:01:00] highlighted the fact that the Model S was "the best performing car" they've ever tested. Telsa CEO Elon Musk took to social media to defend his sedans saying: "Consumer Reports reliability survey includes a lot of early production cars. Already addressed in new cars." And, "Tesla gets top rating of any company in service. Most important, CR says 97% of owners expect their next car to be a Tesla (the acid test)." In Financial news, Volkswagen took a hit and reported an operating loss of [00:01:30] $3.84 billion. This is the first such loss for VW in 15 years. Toyota reclaimed the crown as the world's largest automaker as well. It's important that it's not all doom and gloom for VW though in Q3. Sales revenues were up and the company's automotive division boasts $30 billion dollars in liquid assets. It's a sizable war chest that will no doubt come in handy, as the company has yet to feel the full brunt of the diesel emissions scandal. Good news for gear heads. The US copyright office [00:02:00] ruled in favor of mechanics and car owners by granting an exception to existing copyright law. The law was originally meant to prevent software pirating and bootlegging of Hollywood movies.

Watch a young Elon Musk take delivery of his McLaren F1

Years before Elon Musk was launching rockets into space or trying to revolutionize the auto business with Tesla, he was just another Silicon Valley geek, albeit already a very successful one. This vintage video catches Musk in 1999 celebrating some of that triumph, as he takes delivery of none other than a McLaren F1. As the million-dollar supercar is lowered from the transporter Musk intones, "It is the moment of my life." We also get a snapshot of an interesting time in Musk's life. According to the clip, he had already sold the company Zip2 for $400 million in cash and had started at the online banking business X. After a merger, it eventually became PayPal, and the entrepreneur later walked away from the website with another massive check. Watch this brief moment of happiness as Musk takes delivery of the McLaren, because by the end of the video, his focus already seemed to have turned to his next business venture. News Source: EveryElonMusk Video via YouTube, Car and Driver Auto News Green McLaren Tesla Car Buying Green Culture Coupe Performance Supercars Videos paypal

Recharge Wrap-up: QR code hints at Tesla Supercharger in Mexico, Lyft tests scheduling

A QR code in a parking garage hints at an upcoming Tesla Supercharger in Mexico. The mysterious QR code directs to a tweet from Elon Musk where he affirms that Tesla will expand its charging network into Mexico "this year." The folks at Teslarati reached out to the automaker, and a spokesperson responded by saying, "Yes, we can confirm that we are planning on having our first Supercharger in Mexico in Cuernavaca City." That's about 50 miles south of Mexico City, where the country's lone Tesla store is located. Read more at Teslarati. Lyft is testing out a ride scheduling system for its ride-hailing service in San Francisco. When requesting a ride, users can select a pickup time up to 24 hours out, ensuring they'll be able to get where they need to go. Users can cancel or change the time up to 30 minutes before their scheduled ride. Lyft says it plans to expand the scheduling service to more users this summer. Read more from Lyft, or at Green Car Congress. Renault is partnering with other automakers and charging operators as part of the EU's Fast-E charging project. Fast-E seeks to install fast-charging infrastructure for electric vehicles along Germany and Belgium's main motorways, financed by the EU and nine companies, including Renault, BMW, Volkswagen and Nissan. The 278 charging stations will be installed every 50 miles along the major roadways by the end of the year, at a cost of about $20 million. A sister project in the Czech Republic and Slovakia plans to add another 30 charging stations in those countries. Read more in the press release below. Renault is a partner of the European fast-charging project Fast-E in Germany • Official launch of Fast-E project co-financed by the European Union and nine companies, including Renault, in Berlin and Brussels. • 241 charging stations installed in Germany and 37 in Belgium by the end of 2016. • A sister project between the Czech Republic and Slovakia adds another 30 charging stations. The 278 charging points set up every 80 km along Germany and Belgium's main motorways, will allow drivers of electric vehicles to "refuel" and extend their car's range. The total investment of the EU-funded cooperation is approximately ˆ18 million. Every one of the multi-standard fast-chargers spread out over four countries have AC and DC connections, allowing drivers to charge their vehicles' batteries easily and quickly. Electric vehicles can be charge up to 80% on the charging stations within an hour.