Car Finance / Can a Car Company Change the World![]() Tesla Motors thinks it can"America seems to have finally woken up to the need to address global warming and our oil dependency." While it may sound like Al Gore has started selling cars, that statement actually comes from Diarmuid O'Connell, Tesla Motors' director of corporate marketing. O'Connell, who worked on national security matters under former Secretary of State Colin Powell, is explaining to me why the Tesla Roadster, an all-electric vehicle with a 250-mile range that can do zero to 60 in a neck-snapping 4 seconds, is more than just a really kickin' electric sports car. "We're working on American foreign policy by other means here," adds O'Connell. An automaker that is shunning Big Oil? Impossible, right? Normally I'd say yes, but as I've come to realize, Tesla Motors is not your average car company. And the Roadster, the company's first production vehicle, is not your average car. Tesla Motors is the most non-car car company I have ever come across. Situated in the midst of Northern California's Silicon Valley in a non-descript warehouse filled with cubicles, early 1900s electric car ads and a hangarlike garage bay, Tesla employs a crossbreed of dot-commers, sports car enthusiasts, car industry veterans and folks who are just out to change the world. The company's CEO and driving force, Martin Eberhard, has never made a car before, and the company's main financier, Elon Musk of PayPal fame, is an environmentalist with the means to make a difference. Eberhard, fresh from the sale of his startup Nuvomedia, was interested in finding a sports car that would fit with his environmental philosophy. After much research into alternative fuels and several "well to wheels" studies (a comprehensive accounting of the entire energy used in a vehicle's creation, fueling and eventual disposal), he concluded that electric vehicles (EVs) were the only way to go. His quest eventually led him to AC Propulsion, a Southern California outfit that was building an EV called the T-Zero. The engineers at AC then introduced Eberhard to Musk, who was in the midst of his own EV awakening. The two teamed up, modeling their company on what they knew best, and Tesla Motors was born. "We're kind of half Silicon Valley startup, half car company" says Mike Harrigan, vice president of customer service and support. "From a technology point of view, this car couldn't have been made anywhere else. The battery pack itself has 12 computers in it. No other electric car has ever had this kind of system in it." The battery system that Harrigan is referring to is at the heart of the Roadster. The ESS (electrical storage system) is made up of 6,831 lithium-ion battery cells, the kind found in most computers and cell phones. The engineers chose this technology because it was readily available and a tried-and-true workhouse within the electronics industry. The packs are expected to last in excess of 100,000 miles. For those who question the environmental impact of all those batteries, fear not. "People who buy these cars can rest assured that the battery will be completely recycled," notes Harrigan. "We've identified a company that will recycle the batteries, and prepay their fee out of the cost of the car." |
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![]() Inexpensive portable navigation systems and even cheaper smartphone nav applications are making the pricey in-dash systems offered by automakers less attractive to many consumers. But some people prefer in-dash systems because of their larger screens and because they offer more features. Plus, you never have to worry about forgetting an in-dash system at home. Finally, prices for in-dash systems are starting to drop. ![]() Bluetooth is a wireless technology that allows two compatible devices to communicate. In the car, it lets you operate a mobile phone "hands-free," meaning you don't have to hold the device while making or taking a call or performing such functions as accessing the phone's address book. (Of course, you have to use your hands to operate certain Bluetooth features via the vehicle's controls.) ![]() Automotive sound systems are more complex now that portable media players, hard-disk drives and smartphones are along for the ride. But the basic radio/speaker setup hasn't drastically changed, even though more speakers and more amplifier power have been added over the years.
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![]() Sales of Ford vehicles increased 13.3 percent in June compared to the same month last year, and the gain was largely spurred by a strong showing by the carmaker’s Super Duty pickup trucks. ![]() Responsible consumers tend to have all their affairs in order – a steady income, plenty of savings and perhaps even an investment or two on the side. While these things are all positive, they ultimately won't get you approved for an auto loan – for that, you need credit.
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![]() Getting the Best Rates on Your Car Loan ![]() Identifying Your Target Cars & Arranging Financing ![]() There are certain people who seem to have X-ray vision, who can look at a business and see things that are invisible to other people. I bring this up because I have a friend who spotted something about used cars that I have never heard addressed by anyone else.
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