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BMW shows 670-hp plug-in 5 Series GT concept

BMW quietly revealed a 5 Series GT concept earlier this week at an event in France, and it sports a plug-in hybrid powertrain capable of a whopping 670 horsepower. Think the upcoming Model X crossover from Tesla sounds good? BMW has something that might be just as enticing for eco enthusiasts who like their cars to be green and mean. BMW quietly revealed a 5 Series GT concept earlier this week at an event in France, and it sports a plug-in hybrid powertrain capable of a whopping 670 horsepower. That's right, a hybrid BMW hatch-crossover with more estimated power than the 2015 Chevrolet Corvette Z06. BMW's setup is called "Power eDrive," and it uses a 20-kilowatt-hour lithium-ion battery pack that provides juice for two electric motors; they work with a 2.0-liter turbocharged four-cylinder engine. This 5 Series GT would be able to travel for 62 miles under electric power. The prototype shows the high-performance potential of the system, but the 5 Series GT is "purely a concept," BMW spokesman Julian Arguelles told Autoblog. The GT made its global debut alongside plug-in versions of the 3 Series and X5. They used more basic eDrive systems with one electric motor teamed with a turbo four cylinder. BMW revealed the prototypes to illustrate its plans to increase production of plug-in hybrids. Its goal is to add plug-in variants to all of its "core-brand models," though specifics and timing are unclear. BMW Group Media information 1. BMW Group Innovation Days 2014: New drive technologies. (Introduction) The recently launched BMW i3 and BMW i8 are the first zero-emission vehicles in the premium segment, being designed respectively as dedicated all-electric and plug-in hybrid models. Their BMW eDrive technology promotes hallmark brand driving pleasure, while at the same time delivering major reductions in fuel consumption and CO2 emissions – all the way to zero tailpipe emissions when operating in all-electric mode. This is BMW Efficient Dynamics taken to its logical conclusion. For more than 15 years, the Efficient Dynamics strategy has inspired and shaped the development of new models across all the BMW Group brands, resulting in the development of highly efficient vehicles that combine dynamic performance with intelligent energy management. Today, thanks to Efficient Dynamics, the BMW and MINI brands offer premium models that set benchmarks in their respective segments in terms of their exceptional balance of performance and fuel economy.

Recharge Wrap-up: onshore wind energy is cheapest, Tesla Model S teardown videos

Renault's sustainability mobility website is celebrating its fifth anniversary. The site focuses on electric and hybrid cars, cycling, public transport as well as policy and events regarding getting around in a clean, green way. It also features a monthly forum where scientists, bloggers, politicians and other experts weigh in on sustainable transport. Visit the website, or read more in the press release below. Dutch artist Daan Roosegaarde wants to turn Beijing's smog into jewelry. Roosegaarde plans to capture particulate matter from a park using a giant air purifier, then turn it into gems. This would give the particular park the cleanest air in the city. The smog gems would them be set in rings and sold. Each ring would represent 1,000 cubic meters of clean air in Beijing. Read more at Treehugger. A study commissioned by the EU shows that onshore wind electricity is cheaper than natural gas, nuclear and coal power. The study takes into account climate change, human health and the like for a more complete total cost of energy production. The study found that the cost per megawatt-hour is about $133 for onshore wind, $235 for offshore wind, $168 for nuclear, $207 for gas, $274 for photovoltaic and between $205 and $295 for coal. European Wind Energy Association's deputy CEO Justin Wilkes says, "Not only does the Commission's report show the alarming cost of coal but it also presents onshore wind as both cheaper and more environmentally-friendly." Read more at Domestic Fuel. The US Department of Energy is offering $14 million in funding toward landscape design projects for cellulosic feedstock. The DOE wants landscape designs that incorporate the bioenergy resources into agricultural and forestry systems already in place. It targets high-impact, sustainable production with a goal of 1 billion gallons of biofuel a year. Applications are due January 12, with concept papers due November 11. Read more at Ethanol Producer. IHS Technology did a complete teardown of the Tesla Model S. In two videos, IHS Technology's Senior Director of Teardown services Andrew Rassweiler talks about the findings and features of some of the car's most interesting components. The videos offer materials, specifications and analysis for the media control unit, instrument cluster, battery and more. Get to know the Model S more intimately in the videos at IHS Technology.

Ferrari, not Tesla, might be the stock to buy

Last week Tesla's earnings – or lack thereof – were one of the big stories in the auto industry. As usual, the electric carmaker didn't make money, but the news sent the market, analysts, and Tesla's devoted fans into a lather. But another company, this plucky upstart called Ferrari, also attracted a positive reaction from the market and actually had the financials to back it up. Ferrari posted net revenues of $898 million (at today's exchange rates) EBITDA of $265 million (a slightly complicated way to snapshot financial performance) and an adjusted net profit of $136 million in the first quarter. The company delivered 2,003 cars, and sales of its V12 models increased 50 percent. It quietly made progress nearly a year and a half into its life as an independent automaker. For 2017, Ferrari expects to deliver 8,400 cars and rake in net revenue of $3.6 billion. No one thought Ferrari would flounder when Fiat Chrysler Automobiles spun it off in fall 2015. With a rich history, expensive products, and its own loyal fan base that's arguably even larger than Tesla's, the company seemed poised for success, though skeptics wondered how it might fare after longtime chief Luca di Montezemolo stepped down before the spinoff. Plus, the company remains within the FCA sphere, as its key stakeholders are largely connected to its former parent in some way, and Chairman Sergio Marchionne also steers FCA. Last week's results showed Ferrari is gaining footing in the evolving automotive world, and analysts responded. UBS analyst Michael Binetti reiterated Ferrari stock (RACE on the NYSE) as buy status and raised his target price from $85 to $92. Morgan Stanley's Adam Jonas was even more bullish, raising projections to $100 in the next 12 months. Shares were trading around $82 Monday morning. Both analysts viewed Ferrari as something different than a conventional automaker stock, with Binetti comparing it to luxury house Hermes, which produces high margins even for a specialty goods maker. Jonas suggested Ferrari's singular reputation and history (16 Formula One Constructors titles, the most ever) could insulate its products when autonomous and electric cars become even more commonplace. "In our view, a Ferrari is not transportation," he wrote in a note to clients. "Ownership is viewed as an exclusive club, and membership requires more than just money.