Friday 4 May 2012

BMW, FORD, GM, AND OTHERS AGREE ON NEW FAST-CHARGING STANDARD FOR EVs



A number of automakers are debuting a new fast-charging standard this weekend which will recharge compatible electric vehicles in around 15-20 minutes. Audi, BMW, Chysler, Daimler, Ford, General Motors, Porsche, and Volkswagen have agreed upon a single design for use in Europe and the United States. Designed by SAE International, the new port is an evolution of the AC-based J1772 port (also from SAE) found in the Ford Focus Electric, Nissan Leaf, Chevrolet Volt, and Tesla Roadster, among others, but also allows for charging over DC. The new AC / DC port will be compatible with the existing J1772 infrastructure, but the plan is to introduce ultra-fast DC charging at public stations on both sides of the Atlantic.
"Charge your car in 15-20 minutes"
Absent from the coalition of the willing are Toyota, Nissan, Honda, and the rest of the Asian automotive industry, who are already using a DC-based standard known as CHAdeMO. That said, there's little-to-no chance that any of the Asian companies would release a car in the US or Europe that wasn't compatible with the most popular charging solution in the territories, so it isn't something that you should worry about. The J1772 'combo connector' ports will start appearing on vehicles from next year, and the ACEA (European association of vehicle manufacturers) has selected the interface for all new cars in Europe from 2017.

CAR CHARGING GROUP, INC. BRINGS ELECTRIC VEHICLE (EV) CHARGING SERVICES TO LEXINGTON PARK


May 4, 2012 (GlobeNewswire via COMTEX) -- Residents at Lexington Park, one of the most desirable apartment communities in Tampa's prestigious west side, have gained the convenience of charging their EVs where they live. Lexington Park features luxury one, two and three bedroom apartment homes and townhomes. The deployment of convenient and accessible EV charging stations where people reside helps foster the EV revolution.
"We pride ourselves on providing our residents and customers with best-in-class amenities at our properties," said Tania Currier, Lexington Park's Property Manager. "A growing number of our residents are now driving EVs and we want to provide the convenience of refueling while at home. Residents at our Lexington Park community in Tampa are very pleased that they can now easily fill up where they live. This is a shareable amenity for all of our tenants."
Electric vehicles already on the market include the Nissan Leaf, the Chevy Volt, the BMW ActiveE, and the Ford Focus Electric, and the Fisker Karma. EV drivers may also soon be able to purchase from a wider variety of cars including the Toyota Prius Plug-in Hybrid, the Honda Fit EV, and the Tesla Model S that are forecasted to be out in June.Car Charging Group installs fast EV charging stations, known as Level II, which provide 240 volts with 32 amps of power, in order to quickly refuel an electric vehicle's battery. The EV charging stations utilize the standard SAE J1772(TM) connector widely adopted by nearly all automobile manufacturers.EV drivers can easily register and create a Car Charging account online. They attach a small card to their keychain to initiate use and payment at any intelligent CarCharging station. The CarCharging keychain card also allows drivers to use other charging locations that are on the ChargePoint(R) Network. Should an EV driver not have or own a keychain card, Car Charging also supports direct payment via credit card.
Users can pinpoint exact station locations using the Car Charging map at http://www.carcharging.com/ . The ChargePoint(R) mobile application also provides real-time charging station locations with turn-by-turn directions. In a forthcoming upgrade, drivers will soon be able to reserve a time slot, guaranteeing access to the station to recharge their car.
About Car Charging Group, Inc.
Car Charging Group, Inc. CCGI -2.55% is a pioneer in nationwide public EV charging services, enabling drivers to easily refuel anytime, anywhere throughout North America. Car Charging Group provides a comprehensive turnkey electric vehicle charging service to commercial and residential property owners. Employing the most advanced technology, Car Charging Group has built a robust, feature-rich network for EV charging.
Headquartered in Miami, FL with offices in San Jose, CA and Barcelona, Spain, the Car Charging Group's business model is designed to accelerate the adoption of public EV charging services. All installation, maintenance and related services are paid for by Car Charging Group thereby reducing the capital costs for a property owner to zero.

Car Charging Group has more than 25 strategic partnerships with organizations across business sectors, including municipalities, shopping malls, parking garages, retail parking, and multi-family residential and commercial properties, accommodating more than 6.4 million parking spaces. Car Charging Group's partners include Ace Parking, Central Parking, Equity One, Equity Residential, Icon Parking, Rapid Parking, Related, USA Parking, Walgreens, The Pennsylvania Department of Environmental Protection, The City of Miami Beach, The City of West Palm Beach and others.
For more information about Car Charging Group, Inc., please visit www.CarCharging.com .
About Lexington Park:
Lexington Park is owned by Lexington Park at Westchase, LLC, which is a company which is part of the Crescent Heights(R) group of companies. Crescent Heights(R) companies comprise one of the United States' largest and most well-respected names in residential real estate development. Crescent Heights(R) is a registered trade name for a group of single purpose entities who are permitted to use the name. During the past thirty years Crescent Heights(R) companies have acquired, developed, operated, and managed over seventy real estate projects throughout the world. Its projects are "best in class" with an extraordinarily successful track record in new residential construction and the acquisition of existing residential product. In the nation's most exclusive urban enclaves from one coast to the other, Crescent Heights(R) companies have earned a reputation for producing landmark, high-rise new construction residences, as well as Hotels, Office Space, and Rental Properties. Crescent Heights(R) properties have dramatically reshaped the traditional concepts of living in America. These attributes define their properties. For more information, visit website at www.crescentheights.com .
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Car Charging Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changes.

GERMAIN MAZDA IN FORWARD GEAR



Drivers along Morse Road on the Northeast Side can see a shiny, new economic indicator.
Germain Mazda held a grand opening this week for the first new-car dealership built in central Ohio since the recession. The showroom, at 4330 Morse Rd., is the region's only stand-alone Mazda dealership.
"It's been cool to build something from the ground up," said Rick Germain, a co-owner.
The general manager is his son Paul, 27, who set up the dealership in a way that embraces technology. He wants to appeal to all ages, but he thinks the brand has a special appeal to younger drivers.
"My generation of car buyers do it differently," Paul Germain said.
By that he means that younger buyers will do almost all their research online. When they get to the dealership, they want an easygoing sales experience, not a hard sell.
Mazda, which is based in Japan, started selling cars in the United States in 1970; its market share peaked in 1991 at 2.7 percent, according to Ward's Auto. The share has hovered around 2 p ercent in the past few years.
In the first four months of the year, Mazda sold 103,529 new vehicles in the United States, which makes it the 11th-ranked automaker, right behind Subaru and ahead of BMW. For perspective, leader General Motors has about eight times Mazda's sales.
James O'Sullivan, president and CEO of Mazda in North America, said the brand is on an upswing that began in the past decade with the introduction of the midsize Mazda 6, the first in a wave of new designs. He was one of several Mazda executives who came to Columbus for the grand opening of Germain Mazda.
"We went back to what are our core roots," O'Sullivan said. "We've been known for great design, great driving dynamics and great value."
At one time, Ford owned about one-third of Mazda, but it sold almost all its share during the recent economic downturn. Although Ford is no longer a major shareholder, it continues to be an important partner in several joint ventures, O'Sullivan said.Mazda has clear assets but also faces brutal competition, said Michelle Krebs, a senior analyst for Edmunds.com. "It's always been a well-respected brand in terms of its products and marketing, but it's had a difficult time getting its voice heard against the noise of Toyota, Honda and Nissan," Krebs said.Those three brands are also based in Japan and have had much-larger shares of the U.S. market. They also have a much-larger retail presence in central Ohio.
Mazda has not had an area dealership to itself since the 2008 closure of Mazda Direct, a franchise that was just east of Germain Mazda's site. The region's other Mazda stores share space with other brands.
Aside from the significance for the brand, the new dealership is notable for the region's auto sales. Since the recession began, more than a dozen new-car franchises have shut down or been consolidated.
On the plus side, several stores have opened, but all involved repurposing existing buildings.
Germain Mazda represents the first new-construction project for selling new vehicles in at least four years. The dealership has about 25 employees and represents an investment of about $2.7 m illion.Its arrival will be followed soon by the new Coughlin Toyota dealership in Newark, which is to open early this summer.Germain Mazda's parent company is Germain Motor Partnership, co-owned by Rick Germain and brother Robert Germain Jr. They own Germain Ford, Nissan, Lexus and Mazda in central Ohio, plus franchises in the Naples, Fla., area.Their brother Steve owns Germain Motor Co., which has the Germain Honda, Toyota, Cadillac and Mercedes-Benz dealerships in central Ohio, some stores in Florida and a new acquisition in Ann Arbor, Mich. The Ann Arbor franchises are Honda, Volkswagen, Porsche and Audi.
Germain Motor dates to the 1940s, and it once included all the family's holdings before Rick and Robert started their company at the beginning of 2011.Rick Germain says the creation of the new company gave all members of the family more flexibility and makes it less complicated to get the next generation involved.Paul, a member of that generation, worked his way up through a variety of jobs at the family's businesses. Most recently, he was sales manager at the Nissan store, which is west of the new Mazda location.
"Here, we are able to do things right from the start," he said, about the fun of a new business. "There are no bad habits to break."

SECOND HAND: 2003-11 BMW Z4 A DIRTY DRIVE, BUT THRILLING



Nobody needs a roadster, just like no one needs a jetboat or a dirty weekend in Las Vegas.
But Mazda was onto something when it released the Miata in 1989. The diminutive sports car, which faithfully traced the Lotus Elan template hewn almost three decades earlier, had tapped into some societal zeitgeist that blossomed into genuine sports-car love.The Miata single-handedly revived a long-neglected market segment and remained unrivalled until 1996 when BMW, seeing how much fun and money Mazda was generating, unveiled its Z3 roadster.That a “serious” automaker had dipped its toe in the sports-car pool was a good omen. It sparked a deluge of topless cars, including the Porsche Boxster, Nissan 350Z, Audi TT and Honda S2000.
The good times were upon us.
Configuration
BMW refashioned its two-seater sports car for 2003, making it slightly longer and wider, and wrapped it in coachwork seemingly sketched by Picasso. Unlike the outgoing Z3, which had recycled old 3-Series components, the Z4 benefited from up-to-the-minute technology.The rear-drive Z4 employed the same basic suspension of the latest 3 sedans, tweaked for sports-car duty on a wider track. There were struts up front and an aluminum-intensive multi-link suspension out back, tied together by a rigid trestlelike chassis.The Z4 offered occupants a little more shoulder room in its nicely appointed cockpit. One unusual feature was a plastic pipe running between the engine’s intake system and the firewall, acting like a subwoofer to transmit more engine noise into the cabin.
Standard features included a manual soft top with heated glass rear window, run-flat tires, antilock four-wheel disc brakes and an antiskid system. A power-assisted soft top was optional. With no spare tire to carry, the Z4 had a decent-sized trunk.The Z3’s two inline six-cylinder engines enjoyed a return engagement in the Z4. The 184-hp 2.5L came with a five-speed manual transmission, while the 225-hp 3.0L used a six-speed manual. Both could be mated to an optional five-speed automatic with a manual shift gate.
A six-speed sequential manual gearbox became available mid-year. The computer-controlled SMG had no clutch pedal and could emulate a conventional automatic, but quicker.The Z4 received more powerful engines, fresh styling and a new hatchback coupe for 2006. A 215-hp 3.0i replaced the 2.5i as the base model; new was the 255-hp 3.0si in both convertible and coupe form. The vaunted M versions, which used a high-performance 3.2L six making 330 horses, came in 2007.The second-generation Z4 arrived for 2009, complete with new powertrains and a standard retractable aluminum hardtop to move BMW’s roadster further upmarket.
The sDrive30i inline six developed 255 horsepower, while the sDrive35i employed a twin-turbocharged version that made 300 hp. Both used a standard six-speed manual transmission or available six- or seven-speed automatics.

Significantly, production of the new-generation Z4 shifted from South Carolina to Germany.
On the road
Equipped with the torquey 3.0L six, the 2003 Z4 could sprint to 96 km/h in 5.3 seconds with the stick shift; 5.6 if buyers opted for the fast-acting SMG tranny. The entry-level 2.5i could do it in less than seven seconds. The turbocharged 3.5i scorched the earth on the way to highway velocity in 4.8 seconds.
The Z4 could generate 0.92 of lateral acceleration (grip) on smooth asphalt, but surface imperfections were magnified by the car’s electric steering and run-flat tires, making the Z4 feel nervous and dirty. Ride quality was old-school sporty.
“Ride is extremely harsh. On anything other than perfect roads you can feel everything down to the road paint,” one Z4 owner posted.In a published comparo of five 2003-model roadsters, the Z4 finished fourth, done in by its light, twitchy steering and droning engine noise.

What owners say
The Z4 made friends easily among the sports car set, who recognized the low-slung chassis and inline six cylinders as good breeding.
“Still a thrill to drive every time. Switched from a motorcycle to Z4. No regrets!” one convert exclaimed online.Fortunately, the Z4 hasn’t displayed many of the maladies that plagued the old-time roadsters from the garages of Morris, Triumph and the other checkered marquees.
The most common gripe described a troublesome electric motor for the soft top, which would die early after drowning in runoff from the roof. The top itself may be prone to leaking.Other electrical glitches are not unknown, along with some squeaks and rattles, and expensive run-flat tires that don’t last long. Be sure to test drive at length, including some highway time, to see if the punishing ride is tolerable.

2012 NISSAN ALTIMA COUPE PERCENT OF OWNERSHIP COSTS OVER 5 YEARS





Detailed

                Year 1    Year 2    Year 3    Year 4    Year 5   
Total   Depreciation         $8,189   $1,463   $1,372   $1,280   $1,189   $13,494
                Fuel Cost             $2,180   $2,257   $2,338   $2,421   $2,507   $11,702
                Financing             $645       $512       $375       $232       $83         $1,846
                Insurance            $1,500   $1,481   $1,462   $1,443   $1,427   $7,313
                Maintenance     $125       $213       $1,200   $347       $144       $2,029
                Fees, Taxes        $1,295   $86         $91         $78         $83         $1,633
                Repairs $0           $0           $357       $772       $1,004   $2,133
                Opportunity Cost             $44         $66         $95         $121       $148       $474
                Yearly Total         $13,978 $6,078   $7,290   $6,694   $6,585   $40,625

2012 Nissan Altima Coupe 2.5 S 6M/T
$40,603
2012 Nissan Altima Coupe 3.5 SR CVT
$46,600
2012 Nissan Altima Sedan 2.5 S
$38,013
data provided by 
Compare total cost to own details for the 2012 Nissan Altima Coupe 2.5 S CVT to other similar cars above
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