The ZENN Car is an electric car that only has a range of 64 kilometres and has a maximum speed of 40 Kilometres per hour, obviously not very fast. It can't be taken on a highway and it wouldn't get you very far. It was designed as a neighbourhood vehicle to get you to and from minor errands and stuff.
Although its headquarters are in Toronto and it was approved for sale just about everywhere, Transport Canada refuses to approve it for use in Canada.
ZENN has partnered up with a company in Texas called EEstor who has developed a revolutionary new capacitor for electical energy storage called "Electrical Energy Storage Units."
From the Wiki page:
<. This potential for making electric vehicles fully competitive with gasoline-powered vehicles has created much interest, although the company's claims have yet to be verified. EEStor's CEO and president is Richard Weir, who is also a co-inventor named on their principal technology patents>>
Today, it was just announced that EEStor has been issued permittivity! Shares in ZENN Motor Company went up 60%!
This means the ZENN car can now reach much higher speeds and drive much further, making it drivable on the highway. Transport Canada can now approve it and once that happens, it can finally go on sale in Canada!
<cityZENN is planned to be a fully certified, highway capable vehicle with a top speed of 125 kilometres per hour (78 mph) and a range of 400 kilometres (250 mi). Powered by EEStor, the cityZENN will be rechargeable in less than 5 minutes, feature operating costs 1/10th of a typical internal combustion engine vehicle and be 100% emission-free at the point of use. The Zero Emission, No Noise cityZENN will be designed to meet the transportation requirements of a large percentage of drivers worldwide.  It is due to be launched in Fall 2009. Also according to Ian Clifford a normal household outlet with 110 volt supply can fully charge the EESTor powered CityZENN in 4 hours for a 250 miles (400 km) range and a normal household outlet with 220 volt supply can fully charge the EESTor powered CityZENN in 2 hours for a 250 miles (400 km) range. A fast charge in about 5 minutes will be possible at special charge stations. CityZENN target price is around $25000 - $30000.>>
No, it's not a hydrogen car, but it sure beats gas-powered. Lots of people hop in their SUVs just to go to the Wal-Mart down the road to pick up a bag of Doritos and a one-litre bottle of Diet Coke. Now they can support evil using a much more environmentally-friendly vehicle !
I prefer motorcycles. I also don't generally admit it in public, but I ride a bicycle if I'm going less than two miles. Don't tell anybody - it's embarrassing.
Yes, but shares in motorcycles or bicycles didn't just go up 60% in value this morning.
Sounds pretty speculative to me.
But I just made a killing.
U.S. prepares bankruptcy filing for Chrysler: NYT
DETROIT (Reuters) - The Treasury is preparing a Chapter 11 bankruptcy filing for Chrysler LLC that could come as soon as next week, The New York Times reported on Thursday, citing people with direct knowledge of the matter.
The Treasury has an agreement in principle with the United Auto Workers union to protect pensions and retiree health care benefits as a condition of the bankruptcy filing, the paper said.
Italy's Fiat would finalize its alliance with Chrysler while the U.S. automaker is under bankruptcy protection, the paper reported.
Chrysler has until April 30 to complete its partnership with Fiat and win concessions from its first-lien lenders and the UAW, or face a cut-off of government funding and a potential bankruptcy.
The Times said U.S. and Canadian governments were prepared to provide the financing that Chrysler needed to operate while under bankruptcy protection.
Chrysler was not immediately available for comment.
(Reporting by Soyoung Kim, editing by Leslie Gevirtz)
The times, they are a-changing ...
I'd sell while it's up. At least part of it, anyway.
I can honestly say I had no money invested in any American Car Company. I do have my clients in Toyota, though.
But Honda has the Clarity, a hydrogen vehicle.
Toyota's not bad, though.
I love my Toyota. I'd be reluctant to consider another make.
The Zenn car sounds pretty cool, but I wouldn't want to have a car that I can't use on the highway. I'd have to have a second car for that purpose. Then I'd need a second parking space, and more insurance, and... it just seems easier not to have a car for every conceivable purpose. If I wanted a second vehicle it'd probably be a pickup for those purposes that they are obviously useful for. Then I wouldn't have to borrow Kevorkian, my brother's truck, every time I need to do some hauling.
Nice idea, though. Maybe they'll make one that can go up to 100 km/h. And then maybe someday it'll even be possible to get pulled over in one.
Green Girl drives a BMW. Maybe she'll weigh in on this. He car burns gas and rubber.
That Zenn thing is more like a spare car that you keep in the trunk in case of a breakdown.
From my post:
<<cityZENN is planned to be a fully certified, highway capable vehicle with a top speed of 125 kilometres per hour (78 mph) and a range of 400 kilometres (250 mi). Powered by EEStor, the cityZENN will be rechargeable in less than 5 minutes, feature operating costs 1/10th of a typical internal combustion engine vehicle and be 100% emission-free at the point of use.>>
Now Xian, you know America is overrun by people with ADD who don't read past the first sentence or two. You can't reasonably expect us to know what was in your post beyond the first paragraph.