-
Posts
32,884 -
Joined
-
Last visited
-
Days Won
5
Content Type
Forums
Articles
Gallery
Events
Store
Collections
Everything posted by William Maley
-
From the album: 2014 Chevrolet Silverado High Country
-
By William Maley Staff Writer - CheersandGears.com May 5, 2013 With the problems that Fisker Automotive is currently going through, one of companies that is somewhat effected is VL Productions? How so? Well, VL Productions showed off a vehicle called the Destino at the Detroit Auto Show this year that used Fisker Karma as a starting point, rips out the plug-in hybrid powertrain, and slips in the supercharged 6.2L LS9 V8 from the Corvette ZR1. Planned to go into production sometime in third quarter, is VL Productions worried about the future? Well not really according to one of the partners of VL Productions, Bob Lutz. Lutz tells Wards Auto that the company has already gotten twenty Karma “gliders” (doesn't come with electric powertrain and batteries). Lutz also said that VL could work with the Fisker’s suppliers to build the Karma/Destino itself, although that could introduce “a logistics hassle.” VL has also received a large number of inquiries from Karma owners who have an interest in converting their vehicles to using a V8. “We’ve heard from hundreds of Karma owners, with about 10% who may want to convert their cars, because sooner or later the cars might wind up as boat anchors,” Lutz said. The transformation could cost $85,000 to $90,000. Source: Wards Auto William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
-
By William Maley Staff Writer - CheersandGears.com May 5, 2013 With the problems that Fisker Automotive is currently going through, one of companies that is somewhat effected is VL Productions? How so? Well, VL Productions showed off a vehicle called the Destino at the Detroit Auto Show this year that used Fisker Karma as a starting point, rips out the plug-in hybrid powertrain, and slips in the supercharged 6.2L LS9 V8 from the Corvette ZR1. Planned to go into production sometime in third quarter, is VL Productions worried about the future? Well not really according to one of the partners of VL Productions, Bob Lutz. Lutz tells Wards Auto that the company has already gotten twenty Karma “gliders” (doesn't come with electric powertrain and batteries). Lutz also said that VL could work with the Fisker’s suppliers to build the Karma/Destino itself, although that could introduce “a logistics hassle.” VL has also received a large number of inquiries from Karma owners who have an interest in converting their vehicles to using a V8. “We’ve heard from hundreds of Karma owners, with about 10% who may want to convert their cars, because sooner or later the cars might wind up as boat anchors,” Lutz said. The transformation could cost $85,000 to $90,000. Source: Wards Auto William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
-
Chevrolet News:Chevrolet SS To Be Made When Ordered
William Maley replied to William Maley's topic in Chevrolet
No. All GM is saying at the moment is sometime at the end of the year. -
By William Maley Staff Writer - CheersandGears.com May 5, 2013 General Motors and Holden are instating a new plan for the new Chevrolet to help to protect Holden’s South Australian workforce and making sure the critical export program has a “bullet proof” long-term future. The plan outlined by GM's North American President Mark Reuss to Drive.com.au has Holden's factory in Adelaide building an SS once an order is placed and then shipped off to the U.S. This process means a ninety-day wait for the vehicle to arrive, but it also means there will not be a fire sale due to the abundance of vehicles sitting on dealer lots (see Pontiac GTO and G8). “It’s all about building a consistent order bank for Adelaide so that we don’t put people on and then take them off again,” Reuss said. “I went through all of that before, and it was awful. And that’s because it just wasn’t the right business. Source: Drive.com.au William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
-
By William Maley Staff Writer - CheersandGears.com May 5, 2013 General Motors and Holden are instating a new plan for the new Chevrolet to help to protect Holden’s South Australian workforce and making sure the critical export program has a “bullet proof” long-term future. The plan outlined by GM's North American President Mark Reuss to Drive.com.au has Holden's factory in Adelaide building an SS once an order is placed and then shipped off to the U.S. This process means a ninety-day wait for the vehicle to arrive, but it also means there will not be a fire sale due to the abundance of vehicles sitting on dealer lots (see Pontiac GTO and G8). “It’s all about building a consistent order bank for Adelaide so that we don’t put people on and then take them off again,” Reuss said. “I went through all of that before, and it was awful. And that’s because it just wasn’t the right business. Source: Drive.com.au William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
-
By William Maley Staff Writer - CheersandGears.com May 4, 2013 Porsche decided to celebrate the 40th anniversary of the 911 Turbo by introducing the new 2014 911 Turbo and Turbo S. The new 911 Turbo and Turbo S differentiate themselves from other 911s by having a wider rear end (about 1.1 inches wider than the Carrera 4's rear end), twenty-inch wheels, and a countless number of vents and spoilers on the vehicle. Turbo S models also get full LED headlights, three-stage front spoiler, and a three-way rear wing. Under the hood is a new 3.8L twin-turbocharged flat-six producing 520 (Turbo) or 560 (Turbo S) horsepower. That is paired with a seven-speed PDK dual-clutch gearbox (sorry, no manual at this time). The PDK also features a stop/start system that activated while the car is coasting at low speed, not just when it's stopped. Performance stats for the two models are, Turbo: 0-60 MPH - 3.2 seconds. Top Speed - 196 MPH Turbo S: 0-60 MPH - 2.9 seconds. Top Speed - 198 MPH To help keep the power on the road, the 2014 Turbo and Turbo S features a new all-wheel drive system that is electronically controlled and activated multi-plate coupling, and can send more power to the front wheels than before. Also new is rear-wheel steering which uses two electro-mechanical actuators to improve steering response and turn-in. The 2014 911 Turbo and Turbo S arrive at dealers later this year with pricetags of $148,300 and $181,100 respectively. Source: Porsche William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 The New Porsche 911 Turbo and 911 Turbo S Atlanta. The Porsche model offensive in the anniversary year of the 911 is reaching new heights. Fifty years ago, the 911 made its debut at the Frankfurt International Auto Show - and just ten years later, the first 911 Turbo prototype was at the IAA. On this 40th anniversary of the 911 Turbo, Porsche is now presenting the new generation 911 Turbo and Turbo S – the technological and dynamic performance peak of the 911 series. A new all-wheel-drive system, active rear axle steering, adaptive aerodynamics, full-LED headlights, and up to 560 hp from a flat six-cylinder engine with twin-turbochargers underscore the role of the new generation 911 Turbo as an ultra performance car, every day car, and technology flagship. Playing an equally crucial role are an entirely new chassis and lightweight design with a 3.9-inch longer wheelbase and larger 20-inch wheels. The Porsche Dynamic Chassis Control (PDCC) active anti-roll system, which is being offered for the first time in 911 Turbo models, increases dynamic performance even more. This system is standard equipment in the 911 Turbo S, as is Sport Chrono Package Plus with dynamic engine mounts, and Porsche Carbon Ceramic Composite Brakes (PCCB); all of these features are also available as options in the 911 Turbo. The result: The new 911 Turbo S shortens the lap time for the North Loop of the Nürburgring to well under 7 and a half minutes – with standard production tires. Improved Performance and Efficiency The new engine and refined PDK transmission is partnered with a new Porsche Traction Management (PTM) all-wheel drive system. The turbocharged 3.8-liter six-cylinder engine with direct fuel injection produces 520 hp in the 911 Turbo and 560 hp in the S model. Porsche continues to be the only carmaker to offer two turbochargers with variable turbine geometry on a gasoline engine. Power is transferred to the drivetrain via a seven-speed dual clutch transmission (PDK), which now enables an auto start/stop function with engine shutoff, which activates earlier while the car is coming to a stop as well as when coasting at speed. A new combined thermal management system for the turbo engine and the PDK transmission are projected to result in real world fuel economy improvements when final U.S. EPA label values are calculated closer to the time the car is on sale in the United States. Induction and engine sounds are transmitted to the passenger compartment via a speaker diaphragm. New all-wheel drive with electro-hydraulic control For even faster and more precise power distribution to the front and rear axles, Porsche developed a new PTM all-wheel drive system with electronically controlled and activated multi-plate coupling. The system is equipped with a new water cooling function, which allows for more strength, and therefore more drive torque to the front wheels, than the system in the previous 911 Turbo. Simultaneously, the optimized interplay of the engine, transmission and all-wheel drive systems results in significant improvements to the acceleration capabilities of the 911 Turbo and Turbo S. The 911 Turbo with the optional Sport Chrono Package Plus accelerates from zero to 60 mph in 3.2 seconds, on its way to a top track speed of 196 mph. The 911 Turbo S handles the sprint to 60 mph in just 2.9 seconds, with a top track speed of 198 mph. Widest body of all 911 cars Visually, the two new top variants of the 911 lineup are set apart from other models more than ever. The characteristic expansively wide rear body panels of the new generation 911 Turbo are a further 1.1 inches wider than on the 911 Carrera 4– the fenders feature a nearly level surface, about the width of a hand, between the C-pillar and the outer edge of the car body. Other differentiating characteristics include forged two-tone 20-inch aluminum wheels. On the 911 Turbo S they have center hub wheel locks. The Turbo S is further differentiated by new, standard full-LED headlights that feature four-point daytime running lights and camera-based high/low beam control, which can be ordered as an option for the 911 Turbo. Rear wheel steering notably enhances responsiveness The introduction of rear wheel steering in all turbo models immensely improves both track driving capability and everyday performance of the two new sports cars. The system consists of two electro-mechanical actuators, instead of the conventional control links, on the left and right rear axles. The steering angle of the rear wheels can be varied by up to 2.8 degrees, depending on vehicle speed. At speeds up to 31 mph, when the front wheels are turned, the system steers the rear wheels in the opposite direction. This actually corresponds to a virtual shortening of the wheelbase by 9.8 inches, which gives the 911 Turbo unrivalled performance in curves. The system lets the car turn faster into corners and offers more dynamic steering response. This noticeably simplifies maneuvering and parking. At speeds above 50 mph, the system steers the rear wheels parallel to the front wheels. This is equivalent to a virtual lengthening of the wheelbase by 19.6 inches and gives the car tremendous directional control capability. At the same time, the steering input by the driver leads to significantly faster build-up of lateral force at the rear axle, which responds to steering commands even more quickly. Active aerodynamics improve efficiency and performance Porsche developed an active aerodynamic system on the new 911 Turbo models for the first time. It consists of a retractable three-stage front spoiler, whose segments can be pneumatically extended, and a deployable rear wing with three adjustable wing positions. This makes it possible to tune the aerodynamics of the 911 Turbo to fulfill driver wishes for either optimal efficiency or top dynamic performance. In the performance position, all segments of the front spoiler are fully extended, and they generate considerable down force at the front axle. Similarly, the rear wing is extended to its maximum height with the greatest angle of attack. This also generates more down force at the rear axle. Dynamic performance is improved to such an extent that lap times at the North Loop of the Nürburgring are improved by up to two seconds due to this system alone. New interior with high-end features The interior was completely redesigned in both 911 Turbo models, and it builds on the 911 Carrera family. The S model is particularly well equipped, offering such features as an exclusive interior in a black/Carrera red color combination and standard Sport Seats Plus with 18-way adjustment and memory. In addition, the seat back shells are upholstered in leather with double cap seams and various elements in carbon look. As on the previous models, the Bose® sound system is installed as standard; for the first time, a Burmester® system is also available as an optional feature. A radar-controlled cruise control system, camera-based road sign recognition, and speed limit recognition are other new options being offered. The new top models of the 911 model series arrive on the market at the end of 2013 in the United States. The 911 Turbo is priced from $148,300 while the 911 Turbo S begins at $181,100, not including a destination charge of $950. View full article
-
By William Maley Staff Writer - CheersandGears.com May 4, 2013 Porsche decided to celebrate the 40th anniversary of the 911 Turbo by introducing the new 2014 911 Turbo and Turbo S. The new 911 Turbo and Turbo S differentiate themselves from other 911s by having a wider rear end (about 1.1 inches wider than the Carrera 4's rear end), twenty-inch wheels, and a countless number of vents and spoilers on the vehicle. Turbo S models also get full LED headlights, three-stage front spoiler, and a three-way rear wing. Under the hood is a new 3.8L twin-turbocharged flat-six producing 520 (Turbo) or 560 (Turbo S) horsepower. That is paired with a seven-speed PDK dual-clutch gearbox (sorry, no manual at this time). The PDK also features a stop/start system that activated while the car is coasting at low speed, not just when it's stopped. Performance stats for the two models are, Turbo: 0-60 MPH - 3.2 seconds. Top Speed - 196 MPH Turbo S: 0-60 MPH - 2.9 seconds. Top Speed - 198 MPH To help keep the power on the road, the 2014 Turbo and Turbo S features a new all-wheel drive system that is electronically controlled and activated multi-plate coupling, and can send more power to the front wheels than before. Also new is rear-wheel steering which uses two electro-mechanical actuators to improve steering response and turn-in. The 2014 911 Turbo and Turbo S arrive at dealers later this year with pricetags of $148,300 and $181,100 respectively. Source: Porsche William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 The New Porsche 911 Turbo and 911 Turbo S Atlanta. The Porsche model offensive in the anniversary year of the 911 is reaching new heights. Fifty years ago, the 911 made its debut at the Frankfurt International Auto Show - and just ten years later, the first 911 Turbo prototype was at the IAA. On this 40th anniversary of the 911 Turbo, Porsche is now presenting the new generation 911 Turbo and Turbo S – the technological and dynamic performance peak of the 911 series. A new all-wheel-drive system, active rear axle steering, adaptive aerodynamics, full-LED headlights, and up to 560 hp from a flat six-cylinder engine with twin-turbochargers underscore the role of the new generation 911 Turbo as an ultra performance car, every day car, and technology flagship. Playing an equally crucial role are an entirely new chassis and lightweight design with a 3.9-inch longer wheelbase and larger 20-inch wheels. The Porsche Dynamic Chassis Control (PDCC) active anti-roll system, which is being offered for the first time in 911 Turbo models, increases dynamic performance even more. This system is standard equipment in the 911 Turbo S, as is Sport Chrono Package Plus with dynamic engine mounts, and Porsche Carbon Ceramic Composite Brakes (PCCB); all of these features are also available as options in the 911 Turbo. The result: The new 911 Turbo S shortens the lap time for the North Loop of the Nürburgring to well under 7 and a half minutes – with standard production tires. Improved Performance and Efficiency The new engine and refined PDK transmission is partnered with a new Porsche Traction Management (PTM) all-wheel drive system. The turbocharged 3.8-liter six-cylinder engine with direct fuel injection produces 520 hp in the 911 Turbo and 560 hp in the S model. Porsche continues to be the only carmaker to offer two turbochargers with variable turbine geometry on a gasoline engine. Power is transferred to the drivetrain via a seven-speed dual clutch transmission (PDK), which now enables an auto start/stop function with engine shutoff, which activates earlier while the car is coming to a stop as well as when coasting at speed. A new combined thermal management system for the turbo engine and the PDK transmission are projected to result in real world fuel economy improvements when final U.S. EPA label values are calculated closer to the time the car is on sale in the United States. Induction and engine sounds are transmitted to the passenger compartment via a speaker diaphragm. New all-wheel drive with electro-hydraulic control For even faster and more precise power distribution to the front and rear axles, Porsche developed a new PTM all-wheel drive system with electronically controlled and activated multi-plate coupling. The system is equipped with a new water cooling function, which allows for more strength, and therefore more drive torque to the front wheels, than the system in the previous 911 Turbo. Simultaneously, the optimized interplay of the engine, transmission and all-wheel drive systems results in significant improvements to the acceleration capabilities of the 911 Turbo and Turbo S. The 911 Turbo with the optional Sport Chrono Package Plus accelerates from zero to 60 mph in 3.2 seconds, on its way to a top track speed of 196 mph. The 911 Turbo S handles the sprint to 60 mph in just 2.9 seconds, with a top track speed of 198 mph. Widest body of all 911 cars Visually, the two new top variants of the 911 lineup are set apart from other models more than ever. The characteristic expansively wide rear body panels of the new generation 911 Turbo are a further 1.1 inches wider than on the 911 Carrera 4– the fenders feature a nearly level surface, about the width of a hand, between the C-pillar and the outer edge of the car body. Other differentiating characteristics include forged two-tone 20-inch aluminum wheels. On the 911 Turbo S they have center hub wheel locks. The Turbo S is further differentiated by new, standard full-LED headlights that feature four-point daytime running lights and camera-based high/low beam control, which can be ordered as an option for the 911 Turbo. Rear wheel steering notably enhances responsiveness The introduction of rear wheel steering in all turbo models immensely improves both track driving capability and everyday performance of the two new sports cars. The system consists of two electro-mechanical actuators, instead of the conventional control links, on the left and right rear axles. The steering angle of the rear wheels can be varied by up to 2.8 degrees, depending on vehicle speed. At speeds up to 31 mph, when the front wheels are turned, the system steers the rear wheels in the opposite direction. This actually corresponds to a virtual shortening of the wheelbase by 9.8 inches, which gives the 911 Turbo unrivalled performance in curves. The system lets the car turn faster into corners and offers more dynamic steering response. This noticeably simplifies maneuvering and parking. At speeds above 50 mph, the system steers the rear wheels parallel to the front wheels. This is equivalent to a virtual lengthening of the wheelbase by 19.6 inches and gives the car tremendous directional control capability. At the same time, the steering input by the driver leads to significantly faster build-up of lateral force at the rear axle, which responds to steering commands even more quickly. Active aerodynamics improve efficiency and performance Porsche developed an active aerodynamic system on the new 911 Turbo models for the first time. It consists of a retractable three-stage front spoiler, whose segments can be pneumatically extended, and a deployable rear wing with three adjustable wing positions. This makes it possible to tune the aerodynamics of the 911 Turbo to fulfill driver wishes for either optimal efficiency or top dynamic performance. In the performance position, all segments of the front spoiler are fully extended, and they generate considerable down force at the front axle. Similarly, the rear wing is extended to its maximum height with the greatest angle of attack. This also generates more down force at the rear axle. Dynamic performance is improved to such an extent that lap times at the North Loop of the Nürburgring are improved by up to two seconds due to this system alone. New interior with high-end features The interior was completely redesigned in both 911 Turbo models, and it builds on the 911 Carrera family. The S model is particularly well equipped, offering such features as an exclusive interior in a black/Carrera red color combination and standard Sport Seats Plus with 18-way adjustment and memory. In addition, the seat back shells are upholstered in leather with double cap seams and various elements in carbon look. As on the previous models, the Bose® sound system is installed as standard; for the first time, a Burmester® system is also available as an optional feature. A radar-controlled cruise control system, camera-based road sign recognition, and speed limit recognition are other new options being offered. The new top models of the 911 model series arrive on the market at the end of 2013 in the United States. The 911 Turbo is priced from $148,300 while the 911 Turbo S begins at $181,100, not including a destination charge of $950.
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
2014 Porsche 911 Turbo and Turbo S
Images added to a gallery album owned by William Maley in Media Gallery
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
From the album: 2014 Porsche 911 Turbo and Turbo S
-
By William Maley Staff Writer - CheersandGears.com May 2, 2013 Coda Automotive is the latest casualty in the electric car industry. Yesterday, the company sent out a press release announcing they would be filling for Chapter 11 Bankruptcy in the District of Delaware. "After concluding a comprehensive review of our strategic options, the Board of Directors, management team and senior lending group have concluded that focusing on the Company’s energy storage business presents the best opportunity moving forward,” said Phil Murtaugh, CEO of CODA Holdings, Inc. “We believe the restructuring process that we have entered into today will enable the Company to complete a sale and confirm a Plan that maximizes the value of its assets, serving the best interests of our stakeholders.” The company says the proceedings should take around 45 days to complete. The writing on the wall for Coda Automotive has been there for awhile. The company announced layoffs and store closing after sales of the Coda Sedan didn't meet expectations. Source: The Detroit News, Coda Automotive William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 CODA Holdings, Inc. to Restructure Business around Energy Storage May 1, 2013 -- Los Angeles, CA -- CODA Holdings, Inc. (“the Company” or “CODA”) announced today that it is focusing its business strategy on the growing energy storage market. CODA plans to implement the restructuring of its business through a voluntary filing under Chapter 11 of the U.S. Bankruptcy Code. The voluntary petition was filed today in the District of Delaware. This process is intended to enable the Company to complete a sale, confirm a Plan and emerge from bankruptcy in a stronger position to execute its new business plan. The Company expects the sale process to take 45 days to complete. FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide debtor-in-possession (DIP) financing to enable the Company’s energy storage business to remain fully operational during the restructuring process. The Company has filed a motion with the bankruptcy court for approval of the consortium, or its designee, as the stalking horse bidder in the sale process to acquire the Company post-bankruptcy. In addition, the Company will seek to monetize value of its existing automotive business assets. "After concluding a comprehensive review of our strategic options, the Board of Directors, management team and senior lending group have concluded that focusing on the Company’s energy storage business presents the best opportunity moving forward,” said Phil Murtaugh, Chief Executive Officer, CODA Holdings, Inc. “We believe the restructuring process that we have entered into today will enable the Company to complete a sale and confirm a Plan that maximizes the value of its assets, serving the best interests of our stakeholders.” CODA diversified its business and formed CODA Energy two years ago. CODA Energy’s products are based on the same core technology, which includes its proprietary battery management and thermal management systems, found in CODA’s vehicles adapted for stationary energy storage applications. The Company designs and builds scalable, custom energy storage solutions optimized for generation, distribution and behind-the-meter applications for commercial, residential and industrial end users. The Company is currently shipping product, and has a robust pipeline of new customers and existing installations in the field. CODA’s legal advisor in connection with the restructuring is White & Case LLP. Emerald Capital Advisors serves as its Chief Restructuring Officer and restructuring advisor, and Houlihan Lokey serves as its investment banker for the restructuring. Sidley Austin LLP is serving as FCO MA CODA Holdings LLC’s legal advisor. View full article
-
- Coda
- Coda Automotive
-
(and 1 more)
Tagged with:
-
By William Maley Staff Writer - CheersandGears.com May 2, 2013 Coda Automotive is the latest casualty in the electric car industry. Yesterday, the company sent out a press release announcing they would be filling for Chapter 11 Bankruptcy in the District of Delaware. "After concluding a comprehensive review of our strategic options, the Board of Directors, management team and senior lending group have concluded that focusing on the Company’s energy storage business presents the best opportunity moving forward,” said Phil Murtaugh, CEO of CODA Holdings, Inc. “We believe the restructuring process that we have entered into today will enable the Company to complete a sale and confirm a Plan that maximizes the value of its assets, serving the best interests of our stakeholders.” The company says the proceedings should take around 45 days to complete. The writing on the wall for Coda Automotive has been there for awhile. The company announced layoffs and store closing after sales of the Coda Sedan didn't meet expectations. Source: The Detroit News, Coda Automotive William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] you can follow him on twitter at @realmudmonster. Press Release is on Page 2 CODA Holdings, Inc. to Restructure Business around Energy Storage May 1, 2013 -- Los Angeles, CA -- CODA Holdings, Inc. (“the Company” or “CODA”) announced today that it is focusing its business strategy on the growing energy storage market. CODA plans to implement the restructuring of its business through a voluntary filing under Chapter 11 of the U.S. Bankruptcy Code. The voluntary petition was filed today in the District of Delaware. This process is intended to enable the Company to complete a sale, confirm a Plan and emerge from bankruptcy in a stronger position to execute its new business plan. The Company expects the sale process to take 45 days to complete. FCO MA CODA Holdings LLC, an affiliate of Fortress Investment Group, is leading a consortium of lenders intending to provide debtor-in-possession (DIP) financing to enable the Company’s energy storage business to remain fully operational during the restructuring process. The Company has filed a motion with the bankruptcy court for approval of the consortium, or its designee, as the stalking horse bidder in the sale process to acquire the Company post-bankruptcy. In addition, the Company will seek to monetize value of its existing automotive business assets. "After concluding a comprehensive review of our strategic options, the Board of Directors, management team and senior lending group have concluded that focusing on the Company’s energy storage business presents the best opportunity moving forward,” said Phil Murtaugh, Chief Executive Officer, CODA Holdings, Inc. “We believe the restructuring process that we have entered into today will enable the Company to complete a sale and confirm a Plan that maximizes the value of its assets, serving the best interests of our stakeholders.” CODA diversified its business and formed CODA Energy two years ago. CODA Energy’s products are based on the same core technology, which includes its proprietary battery management and thermal management systems, found in CODA’s vehicles adapted for stationary energy storage applications. The Company designs and builds scalable, custom energy storage solutions optimized for generation, distribution and behind-the-meter applications for commercial, residential and industrial end users. The Company is currently shipping product, and has a robust pipeline of new customers and existing installations in the field. CODA’s legal advisor in connection with the restructuring is White & Case LLP. Emerald Capital Advisors serves as its Chief Restructuring Officer and restructuring advisor, and Houlihan Lokey serves as its investment banker for the restructuring. Sidley Austin LLP is serving as FCO MA CODA Holdings LLC’s legal advisor.
-
- Coda
- Coda Automotive
-
(and 1 more)
Tagged with:
-
By William Maley Staff Writer - CheersandGears.com May 2, 2013 In 1999, Lexus introduced the first luxury car-based crossover named the RX. It became a huge success for the company and defined the compact luxury crossover class we know of today. But since that time, the competition has been improving. Vehicles such as the Audi Q5, BMW X3, Mercedes-Benz, and even the Cadillac SRX have been making inroads and slowly cutting away the RX’s sales lead. Lexus has been on the attack to stop the advance of competitors by introducing a refreshed 2013 RX, which includes a new F-Sport model that promises a more capable and sporty RX. Does the new F-Sport model help or hurt the RX? Aggressive is the key word in describing the RX350 F-Sport exterior looks. Lexus did a excellent job of making the F-Sport really stand out. The front features Lexus’ spindle grille with a mesh insert, more aggressive front bumper, and a set of new headlights with LED daytime running lights running along the inner edge. Other F-Sport appointments include nineteen-inch alloy wheels with a graphite finish that help set off the very unique and optional Claret Mica (deep red) paint. The interior of RX350 F-Sport is much like the standard RX with some touches to it give some sport. There are set of alloy pedals, leather seats with F-Sport logo embroidered into them, a sport steering wheel with paddle shifters, and metal trim pieces. I feel like Lexus is trying a bit too hard to convince everyone that is their sporty model with all of these touches. Just tone it down somewhat. Comfort is a big plus in the RX. Front seat passengers get power adjustments, heat, and ventilated seats. In the back, passengers will find a good amount of head and legroom. Plus, passengers can recline and adjust their seats to make themselves more comfortable. Cargo space is very impressive, with RX having the best in class of 40 cubic feet. That grows to 80 cubic feet with the rear seats down. The main point of contention in the RX’s interior is the center stack. Controls seem somewhat cramped thanks to the odd placement of the transmission selector. Also, the screen for the infotainment seems a bit too far in the center stack. I will give Lexus kudos though for putting the screen at just the right height. The 2013 RX comes equipped with Lexus’ Remote Touch which is this joystick/mouse controller you use to move around the infotainment system. Previously, I have complained about the Remote Touch system being a bit slow to perform a function where I could have done it a bit faster with a touchscreen. Since spending a week with the remote touch system, I got the hang of it and found it to be just as quick if I was using a touchscreen thanks to the layout of the infotainment system. That said, Remote Touch can be sometimes a bit touchy. If you’re trying to make a selection and your hand moves ever so slightly on the remote touch joystick/mouse thing, the selection is cancelled and you’re left yelling at the system. Its not bad, but it isn’t good either. Powering the RX 350 F-Sport is the same engine you’ll find under the standard RX; a 3.5L V6 making 270 horsepower and 248 pound-feet of torque. F-Sport models get an eight-speed transmission with all-wheel drive, while base RX 350s stick with a six-speed automatic and the choice between front or all-wheel drive. The 3.5L’s performance can be classified as adequate. It's not the most powerful engine in the class, but it's also not sluggish. The 3.5L can get you moving at a decent rate, but be prepared to push the pedal a bit more if you need to get moving quicker. The eight-speed automatic is very smooth and responsive. You won’t notice the transmission working its way through the gears unless one of your eyes is glued to the tachometer. The paddles do make the F-Sport a bit more engaging to drive and can be activated when the transmission is in either drive or the manual mode. However, I wished the paddles were on the steering column and not the the steering wheel. In the fuel economy department, the RX 350 F-Sport sees a minor increase when compared to the normal RX 350 mostly thanks to the eight-speed transmission. EPA rates the RX 350 F-Sport at 18 City/26 Highway/21 Combined, compared to the RX 350’s 18 City/24 Highway/20 Combined. During my week, I saw an average of 21 MPG. F-Sport models get firmer suspension and steering tuning, and new a lateral damping system that Lexus claims brings the a more engaging driving experience to the RX. The improvements are there... somewhat. The RX 350 F-Sport does roll less when in turns, but that’s really about it. The changes seem to bring more problems than improvements. An example is the steering. I found it to be heavy and wanting to fight me every time I turned the wheel. Lumbering was the word I would use to describe it. Oddly when I was driving around in the RX F-Sport, I kept thinking how much more I liked driving the Cadillac SRX I had a few weeks before. The ride does suffer a bit as well as the firmer suspension does let more road imperfections into the cabin. It's not to the point of where your kidneys are getting repeatedly punched, but it's very un-Lexus like. The good news is the quietness that Lexus is known for remains very well and true in the F-Sport model. Sadly there is one more problem with the RX 350 F-Sport, the value for money argument. For the $51,729 as-tested price, you get such items as navigation, twelve-speaker sound system, blind-spot monitoring, and parking assist. But, the Cadillac SRX I had couple weeks before comes with most of these items and a more powerful V6 for about $4,000 less. If you decide to equip an SRX for the same asking price as the F-Sport and you can get such features as a panoramic sunroof, lane departure warning, and number of other features. The RX 350 F-Sport might look better and have a much better transmission than the standard RX 350, but I feel the normal RX is the much better vehicle all around. The F-Sport just adds more problems and hurts the RX more. If it was just an appearance package, I would be more ok with it. The F in the RX 350 F-Sport must be short for frustrated because that how I’ll felt at the end of my time with it. Disclaimer: Lexus provided the vehicle, insurance, and one tank of gasoline. Year - 2013 Make – Lexus Model – RX 350 Trim – F-Sport Engine – 3.5L DOHC 24-valve with Dual VVT-i V6 Driveline – All-Wheel Drive, Eight-Speed Automatic Horsepower @ RPM – 270 @ 6,200 RPM Torque @ RPM – 248 @ 4,700 RPM Fuel Economy: City/Highway/Combined - 18/26/21 Curb Weight – 4,510 lbs Location of Manufacture – Cambridge, Ontario; Canada Base Price - $47,000.00 As Tested Price - $51,729.00* (Includes $895.00 destination charge) Options: Navigation with Voice Command, Lexus Enform - $2,775.00 Blind Spot Monitor - $500.00 Intuitive Parking Assist - $500.00 Cargo Net - $59.00 William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
- 8 replies
-
- 2013
- Evaluation
-
(and 5 more)
Tagged with:
-
By William Maley Staff Writer - CheersandGears.com May 2, 2013 In 1999, Lexus introduced the first luxury car-based crossover named the RX. It became a huge success for the company and defined the compact luxury crossover class we know of today. But since that time, the competition has been improving. Vehicles such as the Audi Q5, BMW X3, Mercedes-Benz, and even the Cadillac SRX have been making inroads and slowly cutting away the RX’s sales lead. Lexus has been on the attack to stop the advance of competitors by introducing a refreshed 2013 RX, which includes a new F-Sport model that promises a more capable and sporty RX. Does the new F-Sport model help or hurt the RX? Aggressive is the key word in describing the RX350 F-Sport exterior looks. Lexus did a excellent job of making the F-Sport really stand out. The front features Lexus’ spindle grille with a mesh insert, more aggressive front bumper, and a set of new headlights with LED daytime running lights running along the inner edge. Other F-Sport appointments include nineteen-inch alloy wheels with a graphite finish that help set off the very unique and optional Claret Mica (deep red) paint. The interior of RX350 F-Sport is much like the standard RX with some touches to it give some sport. There are set of alloy pedals, leather seats with F-Sport logo embroidered into them, a sport steering wheel with paddle shifters, and metal trim pieces. I feel like Lexus is trying a bit too hard to convince everyone that is their sporty model with all of these touches. Just tone it down somewhat. Comfort is a big plus in the RX. Front seat passengers get power adjustments, heat, and ventilated seats. In the back, passengers will find a good amount of head and legroom. Plus, passengers can recline and adjust their seats to make themselves more comfortable. Cargo space is very impressive, with RX having the best in class of 40 cubic feet. That grows to 80 cubic feet with the rear seats down. The main point of contention in the RX’s interior is the center stack. Controls seem somewhat cramped thanks to the odd placement of the transmission selector. Also, the screen for the infotainment seems a bit too far in the center stack. I will give Lexus kudos though for putting the screen at just the right height. The 2013 RX comes equipped with Lexus’ Remote Touch which is this joystick/mouse controller you use to move around the infotainment system. Previously, I have complained about the Remote Touch system being a bit slow to perform a function where I could have done it a bit faster with a touchscreen. Since spending a week with the remote touch system, I got the hang of it and found it to be just as quick if I was using a touchscreen thanks to the layout of the infotainment system. That said, Remote Touch can be sometimes a bit touchy. If you’re trying to make a selection and your hand moves ever so slightly on the remote touch joystick/mouse thing, the selection is cancelled and you’re left yelling at the system. Its not bad, but it isn’t good either. Powering the RX 350 F-Sport is the same engine you’ll find under the standard RX; a 3.5L V6 making 270 horsepower and 248 pound-feet of torque. F-Sport models get an eight-speed transmission with all-wheel drive, while base RX 350s stick with a six-speed automatic and the choice between front or all-wheel drive. The 3.5L’s performance can be classified as adequate. It's not the most powerful engine in the class, but it's also not sluggish. The 3.5L can get you moving at a decent rate, but be prepared to push the pedal a bit more if you need to get moving quicker. The eight-speed automatic is very smooth and responsive. You won’t notice the transmission working its way through the gears unless one of your eyes is glued to the tachometer. The paddles do make the F-Sport a bit more engaging to drive and can be activated when the transmission is in either drive or the manual mode. However, I wished the paddles were on the steering column and not the the steering wheel. In the fuel economy department, the RX 350 F-Sport sees a minor increase when compared to the normal RX 350 mostly thanks to the eight-speed transmission. EPA rates the RX 350 F-Sport at 18 City/26 Highway/21 Combined, compared to the RX 350’s 18 City/24 Highway/20 Combined. During my week, I saw an average of 21 MPG. F-Sport models get firmer suspension and steering tuning, and new a lateral damping system that Lexus claims brings the a more engaging driving experience to the RX. The improvements are there... somewhat. The RX 350 F-Sport does roll less when in turns, but that’s really about it. The changes seem to bring more problems than improvements. An example is the steering. I found it to be heavy and wanting to fight me every time I turned the wheel. Lumbering was the word I would use to describe it. Oddly when I was driving around in the RX F-Sport, I kept thinking how much more I liked driving the Cadillac SRX I had a few weeks before. The ride does suffer a bit as well as the firmer suspension does let more road imperfections into the cabin. It's not to the point of where your kidneys are getting repeatedly punched, but it's very un-Lexus like. The good news is the quietness that Lexus is known for remains very well and true in the F-Sport model. Sadly there is one more problem with the RX 350 F-Sport, the value for money argument. For the $51,729 as-tested price, you get such items as navigation, twelve-speaker sound system, blind-spot monitoring, and parking assist. But, the Cadillac SRX I had couple weeks before comes with most of these items and a more powerful V6 for about $4,000 less. If you decide to equip an SRX for the same asking price as the F-Sport and you can get such features as a panoramic sunroof, lane departure warning, and number of other features. The RX 350 F-Sport might look better and have a much better transmission than the standard RX 350, but I feel the normal RX is the much better vehicle all around. The F-Sport just adds more problems and hurts the RX more. If it was just an appearance package, I would be more ok with it. The F in the RX 350 F-Sport must be short for frustrated because that how I’ll felt at the end of my time with it. Disclaimer: Lexus provided the vehicle, insurance, and one tank of gasoline. Year - 2013 Make – Lexus Model – RX 350 Trim – F-Sport Engine – 3.5L DOHC 24-valve with Dual VVT-i V6 Driveline – All-Wheel Drive, Eight-Speed Automatic Horsepower @ RPM – 270 @ 6,200 RPM Torque @ RPM – 248 @ 4,700 RPM Fuel Economy: City/Highway/Combined - 18/26/21 Curb Weight – 4,510 lbs Location of Manufacture – Cambridge, Ontario; Canada Base Price - $47,000.00 As Tested Price - $51,729.00* (Includes $895.00 destination charge) Options: Navigation with Voice Command, Lexus Enform - $2,775.00 Blind Spot Monitor - $500.00 Intuitive Parking Assist - $500.00 Cargo Net - $59.00 William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
- 8 comments
-
- 2013
- Evaluation
-
(and 5 more)
Tagged with: