“Auto X Prize cuts green-car contest pool in half - CNBC” plus 3 more |
- Auto X Prize cuts green-car contest pool in half - CNBC
- Automotive X PRIZE Finalists Show Green Ingenuity - CNBC
- ZAP Exhibits Its Alias Electric Sports Car in New York City and ... - MSN Money
- Automotive X Prize narrows pool of contestants competing in $10 ... - Chicago Tribune
| Auto X Prize cuts green-car contest pool in half - CNBC Posted: 19 Oct 2009 10:17 AM PDT NEW YORK - The organizer of a $10 million contest to develop next-generation green vehicles said Monday it narrowed down its list of competitors by half, with qualifying teams ranging from Indian car giant Tata Motors to a team of Cornell University engineering students. The Progressive Insurance Automotive X Prize said it has trimmed its pool of contestants to 43 teams from 10 countries who passed a vehicle design phase. The teams submitted a total of 53 vehicles. They now move to a performance and safety testing phase, with the winner to be announced next September. The Automotive X Prize will award $10 million to teams that develop viable, production-capable vehicles that exceed 100 miles per gallon or the equivalent efficiency. Its organizer, the X Prize Foundation, is best known for the Ansari X Prize, which led to the first manned private spaceflight in 2004 and is also sponsoring contests in genomics, health care and a moon landing. The remaining teams in the Automotive X Prize, several of which gathered at the Classic Car Club in downtown Manhattan Monday, are submitting a range of vehicles powered by different fuel types. Tata's entry is a battery-powered electric vehicle. The team of Cornell students entered a hybrid diesel-electric race car, while other teams submitted vehicles powered by biofuels, gasoline and other fuels. "The teams and vehicles represented in this group are the most viable in our competition and we believe that together they are positioned to make a huge impact on the automotive marketplace," said Peter Diamandis, X Prize CEO and Chairman, in a statement. The prize purse is split into two categories: mainstream and alternative cars. Mainstream cars must carry four or more passengers, have four wheels and come with creature comforts like climate control and audio systems. Alternative vehicles have less stringent requirements. Of the vehicles moving to the next phase, 28 are in the mainstream class and 25 in the alternative class. This posting includes an audio/video/photo media file: Download Now |
| Automotive X PRIZE Finalists Show Green Ingenuity - CNBC Posted: 19 Oct 2009 10:24 AM PDT Today Progressive Insurance will announce the finalists for its Automotive X PRIZE. A modern day, environmentally conscious "great race" with teams competing for $10 million dollars. The catch: the teams will be racing cars they've designed and built that get the equivalent of 100 miles per gallon. There are a some different categories in the X Prize. For example, established auto makers will compete in one category, while small, independent "teams" compete in another. It's that second category that I find fascinating. These are the experimental car builders who are trying new ideas and approaches to building cars running on alternative fuel sources. The beauty of the X prize is that it highlights a growing, but largely overlooked segment of inventors and entrepreneurs who are building cars that do not run on gas or diesel. These are folks experimenting with batteries, ethanol, even algae as the fuel to power our cars ad trucks. Many in the auto industry scoff at these inventors. In their opinion, these experimental cars are quaint, but will have no impact on the future of cars and trucks. The fact is, this great race for the future of powering our vehicles is one of the most fascinating stories in the auto industry. It won't be won overnight, nor will it be clear when it ends. But the X prize shows us the ingenuity of those pushing the industry to grow green. Bookmark Alert: Track All the Dow Transports Here _____________________________________ - Ford Motor [F Loading... () - Toyota Motor [TM Loading... () - Nissan [NSANY Loading... () - Honda Motor [HMC Loading... () _____________________________________ Questions? Comments? This content has passed through fivefilters.org. |
| ZAP Exhibits Its Alias Electric Sports Car in New York City and ... - MSN Money Posted: 19 Oct 2009 11:57 AM PDT ZAP (OTCBB: ZAAP) of Santa Rosa, California, a developer of electric vehicles and electric power systems, is participating in two events this week in New York City to preview the Alias, its new electric sports car. The ZAP Alias is also in competition with other companies' vehicles for $10 million in prizes as part of the Progressive Insurance Automotive X PRIZE, set up to foster the development of clean, production-capable vehicles that exceed 100 miles per gallon or energy equivalent. The Alias is a 100% electric-powered, three-wheeled vehicle designed by ZAP with help from engineers in Detroit and Europe. Powered by an array of lithium batteries, the Alias can top 75 miles per hour on the highway and travel over 100 miles on one charge. It is compatible with any standard 110-volt outlet. Under its "hood" is a compact high-efficiency, air-cooled, AC-induction motor. It carries a list price of $35,000. ZAP expects to announce production plans once it has completed testing and validation. "The Progressive Insurance Automotive X Prize will be an excellent opportunity to put the Alias through its paces," said Steven Schneider, Chief Executive Officer of ZAP. "We specifically designed the Alias for customers who are in the market for a sports car and who care about energy efficiency. With the Alias and our other products, ZAP is positioned as a leading brand and distribution portal of advanced technology vehicles." The Alias is one of five car models on display today at an event hosted by the Progressive Insurance Automotive X PRIZE. The event is being held at the Manhattan Classic Car Club at 250 Hudson Street in Manhattan. A free public viewing of the Alias is being held from 2:00pm to 7:00pm. On Tuesday, October 20, the Alias will once again be on display, this time at an event hosted by ZAP, during which ZAP CEO Steven Schneider will answer queries about the Alias, its innovative and energy-efficient design, and what it offers to the consumer. This event will be held at Manhattan Motorcars at 270 Eleventh Avenue in Manhattan from 11:00am to 1:00pm. About ZAP ZAP has been a leader in electric transportation since 1994, manufacturing a line of electric vehicles. ZAP supplies electric trucks and vans to military and government fleets and is an innovator of state of the art electric motorcycles, scooters, and ATVs. ZAP is volume manufacturer of some of the only electric city-speed cars and trucks in production today and is leveraging its accrued technology know-how in developing an affordable cost effective high-speed electric roadster called the ZAP Alias. For further information visit http://www.zapworld.com. Safe Harbor Statement This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. 
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1091814 Contacts: The Investor Relations Group 212-825-3210 Public Relations Laura Colontrelle Investor Relations Michael Crawford © MarketWire2009 This content has passed through fivefilters.org.  This posting includes an audio/video/photo media file: Download Now |
| Automotive X Prize narrows pool of contestants competing in $10 ... - Chicago Tribune Posted: 19 Oct 2009 10:31 AM PDT NEW YORK (AP) — The organizer of a $10 million contest to develop next-generation green vehicles said Monday it narrowed down its list of competitors by half, with qualifying teams ranging from Indian car giant Tata Motors to a team of Cornell University engineering students. The Progressive Insurance Automotive X Prize said it has trimmed its pool of contestants to 43 teams from 10 countries who passed a vehicle design phase. The teams submitted a total of 53 vehicles. They now move to a performance and safety testing phase, with the winner to be announced next September. The Automotive X Prize will award $10 million to teams that develop viable, production-capable vehicles that exceed 100 miles per gallon or the equivalent efficiency. Its organizer, the X Prize Foundation, is best known for the Ansari X Prize, which led to the first manned private spaceflight in 2004 and is also sponsoring contests in genomics, health care and a moon landing. The remaining teams in the Automotive X Prize, several of which gathered at the Classic Car Club in downtown Manhattan Monday, are submitting a range of vehicles powered by different fuel types. Tata's entry is a battery-powered electric vehicle. The team of Cornell students entered a hybrid diesel-electric race car, while other teams submitted vehicles powered by biofuels, gasoline and other fuels. "The teams and vehicles represented in this group are the most viable in our competition and we believe that together they are positioned to make a huge impact on the automotive marketplace," said Peter Diamandis, X Prize CEO and Chairman, in a statement. The prize purse is split into two categories: mainstream and alternative cars. Mainstream cars must carry four or more passengers, have four wheels and come with creature comforts like climate control and audio systems. Alternative vehicles have less stringent requirements. Of the vehicles moving to the next phase, 28 are in the mainstream class and 25 in the alternative class. Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. This content has passed through fivefilters.org. |
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