Matthew Wilde

Articles by Matthew Wilde

Electric carmaker Coda pulls plug after one year, 100 sales

Coda, which joined the green car fraternity and introduced its vehicles to California consumers about one year ago, has filed for bankruptcy protection after selling only about 100 of its all-electric sedans. The five-passenger Coda E.V., imported from China, had a range of 125 miles on a single charge. But the $37,250 vehicle was criticized for its no-frills styling. Its brief tenure also included a recall for faulty air bags. According to Reuters, the bankruptcy filing with the federal Bankruptcy Court in Delaware will allow the Los Angeles company to leave the auto industry and refocus on energy storage. Coda uses the same technology it used in cars to build systems for utilities and building operators to store power. A

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Porsche adds beauty to beauty, names Maria Sharapova ambassador

Maria Sharapova owns a Porsche, she’s famous, she’s athletic and she’s stunning. That’s the ideal combination for the German sports car manufacturer. It has signed Sharapova to a three-year contract as a brand ambassador. Sharapova, 26, of Russia, is a four-time Grand Slam winner and is currently ranked N0. 2 in the world. “Maria Sharapova is an exceptional athlete. She combines top performance in her sports with elegance and power. These are precisely the qualities that are embroiled in our sports cars,” said Porsche CEO Matthias Mueller. “Her profile and charisma are an ideal fit for Porsche. She is also highly respected around the world and enjoys an outstanding reputation.” Sharapova was rewarded with a white Porsche Carrera S Cabriolet

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Jaguar XJ, Kia Sedona among five cars you should never buy

A 2013 Jaguar XJ and a Kia Sedona may not seem to have much in common. And they don’t unless a potential of either car is interested in depreciation value. If that’s the case, don’t buy either. The $76,000 Jaguar and $25,000 Kia have among the worst depreciaton values over a five-year ownership. At least, that’s the opinion of IntelliChoice, the Campbell, Calif.-based research firm. In its findings, according to an article on Bankrate.com, logic often rules in the auto industry. Cars in high demand tend to have a high resale value, as do sporty cars, compact cars and the base-line model of a lineup.Large vehicles, midsize cars and minivans tend to lose their value. Here are five vehicles that

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Toyota, Nissan, Honda, Mazda in massive global airbag recall

Toyota, Honda, Nissan and Mitsubishi combined will recall more than three million vehicles dating to 2000 and for an often-repeated, recent-year auto industry woe — defected safety equipment. The latest crisis involves airbag inflators made by Takata, the Japanese safety gear producer. Takata made the products from 2000 to 2002. It’s the biggest recall involving Takata since 1995, when several automakers called back a then-record almost nine million vehicles to replace faulty seat belts made by the Japanese company. “It looks like the cost of the recalls may be pretty big,” Satoru Takada, a Tokyo-based analyst at Toward the Infinite World Inc., referring to Takata, told Reuters. “It doesn’t seem like something that would be easy to identify and fix.

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Ford announces special edition package for 2014 Ford F-150 SVT Raptor

Ford announced its F-150 SVT Raptor, one of the stablemates in the country’s best-selling vehicle lineup, will have a new optional Special Edition package that will complement the existing Luxury Package. The upgrade will include a Ruby Red Metallic exterior color and box-side graphics. Interior upgrades include Brick Red seat bolsters with black inserts and cloth honeycomb highlights, console top finish panel, and center stack and door panel appliqué accents. The 2014 F-150 SVT Raptor Special Edition, which will go on sale in the of 2013, will also be available in Tuxedo Black Metallic. The Raptor has found an enviable niche in full-size pickups, with sales up 14 percent in 2013. More than 13,000 Raptors were sold in 2012. Since

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New NHTSA car safety rating system app unveiled

Consumers interested in quick access to the National Highway Traffic Safety Association (NHTSA) 5-Star Safety Ratings can now get the information via a new iOS appplication for iPhones and iPod touches. The NHTSA real-time vehicle safety information is available to consumers from SaferCar.gov site. It allows users to search its 5-Star Safety Ratings for vehicles by make and model, locate car seat installation help, file a vehicle safety complaint, find recall information and subscribe to automatic notices about vehicle recalls. NHTSA will also give developers real-time access to the data that powers this app through an Application Programming Interface (API), enabling them to integrate these data into new and existing apps and empowering consumers with important safety information. Millions of

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Kia Optima, 2014: Style, substance, affordability

Kia Motors America debuted a vastly updated 2014 edition of its popular Optima, the fast-growing four-year-old midsize sedan, at the New York International Auto Show. Available in LX, EX, SX and SX-Limited trims, the 2014 Kia Optima arrives with updated front and rear fascias, retaining the vehicle’s dynamic and sporty proportions. The Optima’s new premium amenities and convenience options make Optima an even more competitive option in the competitive mid-size sedan segment. The 2014 Optima is expected to arrive in Kia retail showrooms in the third quarter of the year, and pricing will be announced closer to the vehicle’s on-sale date. The 2014 Optima cements the model’s status as a trailblazer of combining style and substance in an affordably priced

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2013 Kia Optima gets performance, cargo area, efficiency upgrades

In its short tenure, the Kia Optima Hybrid has received its share of accolades. Now it’s likely to receive more.  Kia has announced the updated 2013 Kia Optima Hybrid. It features a more performance-driven and fuel-efficient powertrain as well as more cargo space and premium features. Value continues to be a strong selling point Kia, with the Hybrid with LX starting at an MSRP of $25,900 and the fully loaded EX at an MSRP of $31,9501. For 2013, the Optima Hybrid features numerous powertrain refinements for smoothness and drivability, including a more robust 47 HP electric traction motor, a stronger Hybrid Starter Generator (HSG) and a more powerful 47 kW Lithium Polymer battery.  With a combined 199 horsepower and 235

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Toyota announces special editions for 2013 Corolla

The enduring Toyota Corolla, which debuted in 1966 and as it approaches its 50th birthday remains the best-selling car in history, will soon be offered in two 2013 model special editions. Toyota has announced the two 2013 Corolla Special Editions will offer standard features in two grade levels, LE and S. The LE Special Edition will offer 16-inch alloy wheels, Display Audio with Navigation and Entune™ (three-year subscription), Power and heated Beige leather-trimmed seats, Special Edition floor mats and exterior badging, and a unique Black Currant Metallic exterior color. The Corolla S Special Edition will provide new styling along with 17-inch alloy wheels, Display Audio with Navigation and Entune™, Sport fabric seats coordinated with a unique Hot Lava exterior color

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Freddie Mercury’s 1974 Rolls-Royce Sells At Auction For $118,000

More than 20 years after his death, the flamboyant legend of Freddie Mercury, the frontman for the seminal rock band Queen, endures including via his former choice of automobiles — a 1974 Rolls-Royce Silver Shadow. Mercury died in 1991, but his Rolls-Royce, originally purchased by the musician’s production company and hardly driven in the past two decades, sold earlier this year for 7,700 British Sterling or about $118,000. It was purchased via a telephone bid  from a Russian businessman at the Coys auction at Autosport International in the United Kingdom. The classic Rolls-Royce had a list used value of $13,000 to $18,000. But the attachment of Mercury as it former obviously substantially increased the car’s value. Mercury’s Silver Shadow has

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Honda Civic, Ford Focus, Hyundai Sonata among top-10 best used cars

The automotive industry had a lot of surprises in 2012, not the least of which was a recent yearly record for used car sales. More than 40 million used cars sold last year, the highest total since 2007, according to a report on Cars.com. The used car totals by CNW Market Research detailed that for every new sold in 2012 , nearly three used cars sold. The numbers prompted Cars.com to rekindle its former annual list of the top-10 used cars available for around $10,000. The list includes cars seven years old or newer and selected with some safety and reliability criteria. The top-10 list includes some expected vehicles, like the always-reliable Honda Civic, and there are surprises like the

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Bugatti Veyron thrives on enduring mystique

Buying a supercar like Bugatti or an entry level auto like the Nissan Versa is the same in one respect — it’s a subjective choice. But then the similarity ends suddenly. Beyond the obvious financial differences between a $10,000 car and a $2 million car, the major difference between a Versa and a Bugatti is exposure. Drive a Versa and you’re invisible, always. Drive a Bugatti and it’s impossible not to seen. Every new edition of the Bugatti is automotive industry extravaganza, particularly if it’s the manufacturer’s most powerful roadster to date. That occurred in April 2012 when the open-top version of the Bugatti Veyron 16.4 Grand Sport Vitesse at the Beijing Auto Show. The new Bugatti has remarkable numbers:

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Scion FR-S 2013 quickly gets best sports car for the money honor

It only took a year for the once unheralded but promising Scion FR-S to gain national recognition via its lauded combination of performance and value. Introduced in 2012, the 2013 FR-S has been named Best Sports Car for the Money by U.S. News & World Report. The annual award recognizes value, quality and critical acclaim across 21 vehicle categories. To evaluate the FR-S, U.S. News & World Report judges looked at the sports coupe’s safety record, reliability and opinion from industry experts. Additionally, the expected five-year total cost of ownership and average vehicle price at the time of publication contributed to overall scores. The FR-S costs $25,255 MSRP with a six-speed manual transmission or $26,355 MSRP with a six-speed automatic

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Some weird autos become legends, other cars just fade away

Some automakers have long lives. General Motors, Aston Martin and Alfa Romeo all recently became centenarians. And there are plenty of infamous manufacturers. Some, like the DeLorean have attained cult status, while others like the Bricklin have largely faded away as complete failures. The Bricklin was shortlived. One of the early investors in Subaru, Malcolm Bricklin manufactured the Bricklin from 1974-76, and were touted as safety cars were made in the odd colors Safety Orange, Safety Green and Safety White. The gullwing doors trapped occupants and overall poor constructions prompted low sales. Bricklin’s misfortune had only just begun. He later introduced the equally disdained Yugo to the United States market. Cars with odd legacies like the ATS, Bricklin, Davis, DeLorean

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Ford Edge SE overtakes minivan dominance, tops lowest annual insurance rates

Minivans, once the go-to car for family versatility and insurance friendliness, have been overtaken in 2013 by crossovers and SUVs, including models from Ford, Jeep, Kia and Hyundai, according to a report by Insure.com. In its recently announced findings, the insurance website noted the Ford Edge SE has the country’s lowest annual insurance rate. “The SUV is the new minivan,” said Russ Rader, spokesperson for the Insurance Institute for Highway Safety, which performs crash tests on vehicles. “These are vehicles used largely by families. They’re going to the mall, taking kids to school and driving to sports practices on the weekends. They’re not getting into a lot of crashes.” The only small among the least expensive top-20 cars to insure

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Kelley Blue Book: 2013 Scion iQ Cheapest U.S. car to own for five-year tenure

Kelley Blue Book, like many other automotive sites, likes car lists. Arguably the enduring site’s most popular list is its annual compilation of the cheapest cars to own. The new list covers 22 categories for 2013 models. The new list is collaboration with Forbes.com and winners of the Kelley Blue Book Total Cost of Ownership Awards. The list considers many factors: depreciation, fuel, insurance costs, registration fees and maintenance. Add up all the factors and the amount is the cost of the vehicle over five years. Here’s the list in 22 categories with the segment vehicle name, Base, MSRP, 5-year cost and cost per mile: Subcompact, Scion iQ, $16,250, $27,011, $0.36 Compact, Hyundai Veloster, $18,395, $30,581, $0.41 Hybrid/Alternative Energy, Honda

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