Showing posts with label Phoenix Motorcars. Show all posts
Showing posts with label Phoenix Motorcars. Show all posts

Thursday, March 1, 2007

West versus East

According to the magazine Consumer Report, says MNSBC today:

"Japanese vehicle brands continue to rule the roost when it comes to car reliability, according to the latest annual survey from Consumer Reports.

Toyota and Honda’s brands scored top marks overall in the magazine’s “2007 Annual Car Reliability Survey,” which was compiled from survey responses from over 1.3 million magazine subscribers. The survey results will appear in the April issue of Consumer Reports magazine, which goes on sale March 6.

Toyota, Honda, Scion, Acura and Lexus took the top five places, in order, in the Consumer Reports list of the 36 most reliable car brands for 2007. Ford’s Mercury brand was the highest-placed U.S. nameplate, ranking 10th, while General Motors’ best-ranking brand was GMC, which came in at 14th on the list. Chrysler highest ranking was for its Dodge brand, which was placed 22nd on the list.

What’s more, for the second time in the 10-year history of the annual list, all of the magazine’s top car picks were Japanese brands. In addition, 55 of the 59 used car models recommended by the magazine were Japanese, again dominated by Toyota and Honda.

The snub by the closely watched consumer publication comes at a time of crisis for the Detroit-based automakers — GM, Ford and DaimlerChrysler AG’s Chrysler Group. All three U.S. automakers are shedding jobs and closing plants in an attempt to cope with a devastating loss of market share.

“Japanese models are still the most reliable — Toyota and Honda in particular,” said Rik Paul, automotive editor for Consumer Reports. “For years, their vehicles have consistently been the least problematic and the best in terms of reliability for years".

On average, the biggest increase in reported problems for cars comes when they are between 5 and 6 years old, which is when many owners think about selling their car. This is also the point where Toyota and Honda’s models excel in terms of reliability Paul said. The average 10-year-old Toyota or Honda has the same, or fewer, problems than a 4 or 5-year-old car from any of the U.S. automakers, or Volkswagen, he said.

“What we see is if a car starts out with problems in the first couple of years it will tend to stay problematic throughout its lifetime,” Paul said. “This is where Toyota and Honda really shine — they start out well and maintain their reliability, even through 10 years of use, and so a 9-year-old Lexus can have fewer problems than a 2006 Mercedes.”

When it comes to comparing new cars by nationality, one trend stood out: European automakers continue to lag Asian and North American manufacturers when it comes to reliability.

The big Japanese and the South Korean automakers have, on average, only 11 problems per 100 vehicles, the magazine said. U.S. automakers follow with 16 problems per 100, while European manufacturers have 19 problems per 100 cars.

In fact, European automakers have consistently fared poorly in recent years in Consumer Reports’ reliability surveys. Mercedes-Benz, in particular, has seen its reliability ranking decline sharply — this year, the German luxury brand placed last in the reliability list of 36 automobile brands, its reliability level 123 percent below the average for the whole industry, said Paul."


In this scenario of decadence of american and european automarkers, I maintain my confidence in the revolution of the electric car. Past week, Phoenix Motorcars president Dan Elliot was received, plus its vehicle with Altairnano batteries (35 Kw version, charged in 10 minutes, 130 miles per charge), begining full production in June, by president Bush, alongside with A123 Systems (charging in 5 hours and lasting 40 miles per charge...). The video can be seen here.


Disclaimer: I own shares of Altair, which has made an agreement to establish a position in Phoenix Motorcars.

Monday, February 26, 2007

The flight of the Phoenix

"Daniel J. Elliott, CEO of Phoenix Motorcars, met with President George W. Bush this past Friday to discuss the future of alternative fuel and its impact on improving environmental and energy performance. The one-hour meeting included a small group of alternative fuel entrepreneurs and scientists.
Elliott was among a select group of alternative fuel specialists who had a one-on-one meeting with the President to discuss Phoenix Motorcars' role in the electric vehicle industry. Following the meeting, President Bush had the opportunity to get an up-close look at Phoenix's sport utility truck and four other alternative fuel vehicles to evaluate overall performance.
"It was a pleasure meeting with the President and having the opportunity to speak on behalf of the electric vehicle industry," says Elliott. "Shifting to alternative fuel is a viable and crucial solution to protect America's economy and ecosystem, which in turn has global implications."
President Bush recently proposed a mandatory alternative fuels standard during a January 23, 2007 State of the Union Address asking Congress, scientists, farmers, industry leaders and entrepreneurs to increase the supply of alternative fuels and reduce gasoline usage in the United States by 20 percent in the next 10 years. The "Twenty in Ten" plan will also require the Federal Government to increase its energy efficiency, reduce greenhouse gas emissions and to purchase environmentally sound products.
"


Disclaimer: I own shares of Altair Nanotechnologies which is related to Phoenix Motorcars.

Thursday, January 25, 2007

Bush's push for plug-in and hybrid vehicles

President Bush's State of the Union Address, delivered yesterday meets the goal of delivering alternative energy and directly new electric batteries:

"We need to press on with battery research for plug-in and hybrid vehicles"

But even more important than this general goal, Los Angeles Times says that today, through an executive order, President Bush:

"ordered the government today to move toward purchasing hybrid-powered vehicles and reducing the federal fleet's petroleum consumption by 2% each year through 2015.

The executive order, consolidating earlier ones while setting new goals, follows his call in the State of the Union address Tuesday night for the nation to reduce its overall use of gasoline by 20% over 10 years. (...)

His executive order is intended to put the federal government, which Bush noted operates the nation's largest automobile fleet, in the position of trying to lead by example, White House officials said.

Bush said the government was being directed to purchase plug-in hybrid vehicles, which he said could be driven 20 miles before their batteries were drained and the engines needed to switch over to more conventional power. But he said the purchases only could be made when the vehicles are commercially available.

He said, however, that the potential federal market for such cars might increase the confidence of automobile manufacturers that a market for such new technology products could be developed, thus making them more commercially viable.
" [bold's mine]

Well, there are full electric vehicles already available: Phoenix Motorcars's...


Disclaimer: I owe shares of Altair Nanotechnologies, which has struck a deal to get 16.6% of Phoenix Motorcars.

Wednesday, January 10, 2007

Altair's agreement with Phoenix Motorcars

Altair Nanotechnologies (NASDAQ: ALTI) has disclosed its agreement with Phoenix Motorcars.

"Altair Nanotechnologies Inc. (Nasdaq: ALTI) announced today it received a purchase order for its NanoSafe™ 35 KWh battery pack systems from California-based Phoenix Motorcars for $1,040,000 for battery pack systems scheduled for delivery in February and March 2007. In addition, the company announced it has entered into a multi-year purchase and supply agreement with Phoenix under which Phoenix has projected orders for 2007 between $16 and $42 Million for up to five hundred battery pack systems.
The initial order of battery pack systems, valued at $1,040,000, is scheduled for delivery to Phoenix in February and March 2007, and additional shipments of increasing value are planned throughout the 2007 calendar year. (...)
In consideration for a three-year exclusivity agreement within the U.S., Altairnano received a 16.6 percent ownership in the company. The three-year exclusivity agreement provides Phoenix with limited, exclusive use of Altairnano's NanoSafe battery packs in four-wheel, all-electric vehicles having a gross weight up to 6,000 pounds. Phoenix must meet minimum battery pack purchases, annually, to maintain the limited exclusivity agreement. The minimum commitment to maintain exclusivity for 2007 would provide $16 million in battery pack sales to Altairnano. Altairnano's NanoSafe battery packs manufactured for hybrid electric vehicles (HEVs) and plug-in electric vehicles (PHEVs) are excluded from the exclusivity agreement.
Altairnano's NanoSafe 35 KWh battery pack systems enable Phoenix SUTs (...) providing power for a driving range of 135 miles and driving speeds of up to 100 miles per hour. The NanoSafe battery pack can be recharged in less than 10 minutes at fast-charge stations."

Over this announcement, WR Hambrecht has issued yesterday a favorable analysis stating:

"We believe this order puts Altair on the road to profitability in 2007. We feel it also substantiates our theory that Altair has a winning battery and that it can bring in significant revenue this year. We are raising our 2007 estimates from a loss of ($0.08) on revenue of $18.8 million to a profit of $0.08 on sales of $32.9 million. We reiterate our BUY rating and $5.50 price target based on 2008 estimates.
(...) The long awaited order from Phoenix Motorcars has come through. We had been estimating that the order would be for around $15 million, but had become concerned about Phoenix's funding. It seems Phoenix has secured some funding, and we understand more is coming."

So, now Altair has gained 16,6% of Phoenix Motorcars, an auto maker, gets an amount of at least $16 million and will probably reach profitability in 2007. Even better than this is expected to be the agreement with Alcoa for the hybrid and plug-in vehicles (which are out of the exclusivity with Phoenix Motorcars) - and other partnerships with auto makers.


Disclaimer: I own shares of Altair Nanotechnologies.