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Posts with tag lease

Toyota details research plans for plug-in Prius, won't lease batteries


Earlier this year, we got word that Toyota was likely to test the waters with a plug-in version of its oh-so-trendy Prius, and now the auto maker has stepped forward and doled out a laundry list of details about the plan. Reportedly, the outfit will be delivering a single "modified Prius" to the University of California, Berkeley and University of California, Irvine for a three-year study designed to "speed up development of plug-in versions of the hybrid." The Golden Bears will be focusing on consumer behavior / lifestyles, while the Anteaters will research technical issues, such as how much juice will be sucked from the power grid when thousands of drivers plug-in their rides for the evening. On another interesting note, Toyota also mentioned that it had "no intention of leasing more expensive batteries for next-generation hybrids separate from the vehicle," which contrasts the view of several competitors (like GM) who are least mulling the idea. Unfortunately, we've no idea if the still-elusive plug-in Prius will land before / after the Volt, but we're sure folks at Toyota won't sit idly while Chevy cashes in for too long.

GM mulling battery rentals for the Chevy Volt


Tossing out the idea of renting / leasing the battery of an electric car isn't exactly revolutionary, but it sounds like GM may be hitching a ride on the ever-growing bandwagon. Reportedly, the firm is mulling the idea of allowing Chevy Volt buyers to "rent the vehicle's battery as a way of pricing the automobile at a comparable level to a traditional, petrol-driven family [motorcar]." Apparently, GM is hoping to get ten years of life from the battery packs and to price the Volt like a "traditional mid-market car." Notably, no further information regarding potential contracts or sales strategies were divulged, but considering the launch date for this sucka is just around the corner, we're sure relevant decisions will be made soon enough.

[Via AutoblogGreen]

Honda paying out $6 million for 'overclocked' odometers

If you've been wondering how your Honda or Acura just seems to cover ground an awful lot quicker than your previous ride without even getting you a speeding ticket, listen up. Apparently, around six million Honda / Acura owners have been wheeling around in vehicles that are clicking off miles quite a bit faster than they're actually being driven. The Society of Automotive Engineers' voluntary standard for fluctuation in an odometer "is plus or minus 4-percent," and strangely enough, the National Highway Traffic Safety Administration doesn't even regulate it. Honda claims that its units were "accurate to within 3.75-percent" on the high side, but a lawsuit against them claims that's just a bit too close for the average consumer's well-being. The automaker will be shelling out over $6 million in overcharges for leasers who were unfairly penalized for exceeding the agreed upon mileage, and will also extend the warranty mileage five-percent. Of course, Honda has since tightened up its standards (read: fixed the programming bug), purportedly "aiming for zero" in regard to future error, but if you happen to own a Honda / Acura purchased between April of 2002 and November of last year (or a select '07 Honda Fit), these benefits should be coming your way pending a district court judgment on the settlement.



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