Saab In Troubled Water Again

Saab has been going through rough water and is not yet out of trouble. Its EV-ambitious owner, National Electric Vehicle Sweden AB, has financial trouble.

The Board of Directors of National Electric Vehicle Sweden AB, the owners of Saab, last Thursday applied for a reorganization.

This process, in Sweden, is more or less the equivalent of Chapter 11 in the U.S.

National Electric Vehicle Sweden AB (NEVS) said it has decided to go through this process to create more time for the ongoing negotiations. The application was submitted to the district court in Vänersborg, Sweden.

“The tripartite negotiations we have with two global vehicle manufacturers are still progressing, but are complex and have taken more time than we predicted. We need additional time to complete the negotiations and reach an agreement. Therefore, we apply for a reorganization. We intend to fully pay our debts to our suppliers”, said Nevs’ President Mattias Bergman.

Nevs explained it has about 400 suppliers of direct materials and 500 suppliers of indirect materials. The vast majority of these have chosen to await the outcome of the ongoing negotiations, but some creditors have filed applications for an order to pay at the Swedish Enforcement Authority.

Nevs added that the upcoming activities from the Enforcement Authority may involve mandatory sale of assets that are supposed to be included in Nevs’ agreement with above mentioned vehicle manufacturers. The company stated loss of such assets could obstruct finalizing a contract with them so to get more time to complete the negotiations, Nevs filed for said reorganization.

The District court of Vänersborg, Sweden approved August 29 the application for reorganization from National Electric Vehicle Sweden AB.

The District court has appointed Mr. Lars Eric Gustafsson, Attorney at Hamilton law firm in Stockholm, as administrator during the reorganization period; this attorney was originally proposed by Nevs.

Recently, and likely to appease rumors about its financial trouble, Nevs revealed a prototype EV version it created based on a Saab.

The post Saab In Troubled Water Again appeared first on HybridCars.com.

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KillaJoule Electric Sidecar Sets 241 mph Speed Record

Last Thursday at the Bonneville Motorcycle Speed Trials, engineering PhD student Eva Håkansson set several world land speed records in her “KillaJoule” streamlined electric sidecar motorcycle.

Håkansson’s home-built EV smashed the previous fastest electric motorcycle record by 25 mph, and established an all-time best among sidecars of any type.

The KillaJoule was clocked at 241.901 mph (389.219 kph) with two-way average of 240.726 mph (387.328 kph). The former sidecar record was 224.201 mph, set by John Stege using an internal combustion engine.

 “Although the KillaJoule is a fun hobby project, its real purpose is to be eco-activism in disguise,” said a statement from killacycleracing. “The main purpose of this 19-foot, 400-horsepower, sleek, sexy motorcycle is to show that eco-friendly doesn’t mean slow and boring. Eva is also on a mission to encourage girls and women to pursue a career in science and engineering.”

“Although the KillaJoule is a fun hobby project, its real purpose is to be eco-activism in disguise. The main purpose of this 19-foot, 400-horsepower, sleek, sexy motorcycle is to show that eco-friendly doesn’t mean slow and boring.”

All records are yet pending certification by the American Motorcycle Association, and assuming the times are made official, Håkansson will own the following:

• Fastest electric motorcycle in the world
• Fastest sidecar motorcycle in the world (including internal combustion)
• Fastest speed of the event
• Fastest woman on a motorcycle in the world

KillaJoule-CumminsOnan_IMG_1336-1024x768

Håkansson, 33, was born in Sweden and is the daughter of a champion racer, motorcycle designer, EV enthusiast and she has degrees in mechanical engineering, business and environmental science along with a long-time passion for technology and the environment.

She also is married to Bill Dube of KillaCycle electric drag-bike fame, and she is personally credited with building 80 percent of the KillaJoule in their two-car garage in Colorado over the course of five years on a limited budget.

Photo by Anthony Olway.

Photo by Anthony Olway.

“This is a truly historic event. It is the first time in over a century that an electric vehicle beats internal combustion for a vehicle type,” said Håkansson. “The last time this happened was in 1899 when the world’s fastest car was the electric car “La Jamais Contente” driven by Camille Jenatzy. Since then, internal combustion has dominated everything.”

Until now, that is.

Dube’s day job is as a mechanical engineer and research scientist at the National Oceanic and Atmospheric Administration NOAA.

The two say they are “backyard racers with high-level engineering skills” and did “the math” to calculate what would work “instead of relying on luck, intuition or anecdotal information to find the optimal solution.”

KillaJoule’s record is not very far behind the fastest electric car – also a streamliner – the Buckeye Bullet which holds the U.S. electric vehicle speed record at 314.958 mph, and International record at 271.737 mph.

You can also see more info on KillaCycle’s Facebook Page.

Click image to enlarge.

Click image to enlarge.

About "400/500" stated horsepower: "The motor controllers have a limit of approximately 400 HP. They just happen to set the upper limit of the HP. One of the components has to set the limit. (It is typically the controller.) The next size up controller is about twice the size. This is way too large. We were trying to strike a balance," said Bill Dube.

About “400/500″ stated horsepower: “The motor controllers have a limit of approximately 400 HP,” said Bill Dube. “They just happen to set the upper limit of the HP. One of the components has to set the limit. (It is typically the controller.) The next size up controller is about twice the size. This is way too large. We were trying to strike a balance”

"Eva Håkansson is a hardcore 'EV geek' with a green heart and passion for power and speed ... She is also on a mission to encourage girls and women to pursue a career in science and engineering." Photo: Phil Hawkins.

“Eva Håkansson is a hardcore ‘EV geek’ with a green heart and passion for power and speed … She is also on a mission to encourage girls and women to pursue a career in science and engineering.” Photo: Phil Hawkins.

The post KillaJoule Electric Sidecar Sets 241 mph Speed Record appeared first on HybridCars.com.

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Top Viral News Stories of the Week: August 24 – 31, 2014

Top Viral News Stories of the Week: August 24 – 31, 2014 Top Viral News Stories of the Week: August 24 – 31, 2014
Through social media, some stories have a life of their own. AutoGuide.com has compiled a list of this week’s most shared stories through Facebook, Twitter and Google+. This past week, Mercedes-AMG announced the official date that it will reveal its latest model, the GT. In addition, photos of the Aston Martin Lagonda along with spy photos of the... more
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Flat Track Motorcycle Racing At It’s Best.

Springfield Mile streamed this afternoon on Fanschoice.tv. What a series of races. Most were won on final straight passes and most were in a few hundredths of a second. The Springfield Mile is the oldest, currently running motorcycle race in the US. It is the Daytona 500, Indy 500 of the flat track series. These guys exceed 140 mph on dirt with no brakes.

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