Panasonic Is Investing $3.86 Billions In Tesla

Panasonic is one huge and very successful company. They slowly developed technology which is good enough for Tesla Motors and they now have the exclusive right to supply Tesla Motors with lithium ion batteries. We have already known that Panasonic has a good business relationship with Tesla but their most recent move caught us off guard.

We have already informed you about Tesla’s plans for Gigafactory. For those uninformed, Gigafactory is Elon Musk’s biggest investment in the auto industry so far. He wants to make a sort of revolution and to bring his electric vehicles available for general population by cutting down prices. That Gigafactory will have all steps of car manufacturing under one roof in order to do that.

The thing that surprised us was the official report. Panasonic will make Tesla Motor’s Model 3 lithium ion batteries exclusively, and it will raise 3.9 billion dollars in corporate bonds to invest into Gigafactory with Tesla. The investment this huge has to have some really durable backbone in order to be sustainable for a longer period of time.

Panasonic has “pledged” itself by contract as a principal partner with Tesla. The goal of the partnership was (is) to substantially reduce the price of long-range battery packs and to establish a facility which could mass-produce electric vehicles.

A Tesla Model S lithium-ion battery pack

Since Panasonic sees automobile industry as a potential “wind in their sails”, the main priority is a successful Gigafactory. There is no evidence that can point to something bad in the production, but this investment is too large to be a mere partnership obligation. We already know that this is a big investment, and one of the greatest risks, Elon Musk has ever made, but can this be a hint that something bad is happening? Maybe the expenses grew too much for Tesla?

Let’s look at this situation from an economy point of view

After Panasonic raised 3.9 billion dollars from bonds to help Tesla’s Gigafactory, they immediately felt the 13 percent decrease in their profit and 5.9 percent drop in their total revenue, to about 17 billion dollars. The official report is that they believe the drop is caused by their deal with Tesla, but only partially. The main headquarter is in Osaka, Japan but they have special department only for automotive industry called Panasonic Automotive Systems Co. That department, solely, has the estimated revenue from auto parts sales of about 10 billion dollars in its 2015 fiscal year. So is their profit decrease important? Is it even noticeable?

Panasonic is a corporation with a long history. Their roots go before any of us were even born and they handled every situation, every crisis, even great war without stumbling. They went into this business with Elon Musk, with capital large enough to decrease their profit by a tenth in a second. But they did this for their long-term growth.

Tesla Motors is not a single company in Elon Musk’s hands. Everything that he has created brought him a great deal of money, but there were no easy steps. Every decision he made about his business was risky. We all looked at him in wonder, as he was spending millions (he earned by selling PayPal) creating his Roadster, and he earned billions by making that risk. Then he started building rockets and telling people he will go to Mars, and we laughed. A couple of months ago the entire USA filmed with their cameras some “meteor” going slowly into the atmosphere, but nobody knew that was Elon Musk’s rocket going back to its landing platform. Even NASA is using his rockets, so nobody is laughing now.

Historically and for the sake of future, we can only say that Panasonic has chosen the right ally in this silent war of economics. They couldn’t have chosen a better partner. And if they decided to back them up, that can only be a proof that there is nothing to worry about. In the end, only time will tell us if there is something “fishy” going on with Gigafactory and the future of Tesla. Or maybe we will never find out. For now, we can only sit, enjoy and wait for the next story.

2017 Subaru Forester Release Date, Review and Info

To be quite frank, it can’t get any better! With great safety scores, a spacious and well-appointed interior, an obvious AWD system, a stout turbocharged engine, and an off-road ready capability, the redesigned 2017 Subaru Forester will certainly be a sold choice in its class once it is released into the market sometime in February 2017.

2017 Subaru Forester side angle, silver color, alloy wheels

The Forester has managed to gain a substantial fanatic following despite the intense competition existing in the small crossover SUV category. Nothing is super flashy about it lest you think it is the best, but its combination of performance, mid-level luxury, and superior handling with functional simplicity will make you fall in love with it.

2017 Subaru Forester front view, blue color, headlights and grille

And thanks to the standard all-wheel drive system and generous ground clearance, the new 2017 Subaru Forester is as comfortable in the desert as it is on the highway. Better fuel consumption and safety are some of the defining attributes the Forester has been able to leverage upon. For 2017, upscale features such as the blind-spot monitoring are provided in addition to the existing slew of safety technologies such as forward warning and mitigation, rear-cross traffic alert, and hill-assist.

2017 Subaru Forester rear view, exterior, taillights, tailpipe and alloy wheels

In terms of fuel superiority, the CVT is a big help especially during highway cruising. However, nitpicking has revealed the Forester isn’t a saint either. One notable drawback that seems to haunt the Forester, and which Subaru either chooses to ignore or lets it pass is the lackluster acceleration. Therefore, it may seem wise to shop around first before putting a period on the 2017 Subaru Forester.

2017 Subaru Forester front angle, headlights and grille

Rivals include the 2017 Mazda CX-5, the 2017 Ford Escape, the 2017 Toyota RAV4, the 2017 Honda CR-V, and the 2017 Jeep Cherokee Trailhawk.

Offered Trims – Subaru Forester

Six trim models are offered for the 2017 Subaru Forester: base 2.5i, 2.5i Premium, 2.5i Limited, 2.51 Touring, 2.0XT Touring, and the 2.0XT Premium. All these models are offered with an AWD system. The STI review is separately covered.

2017 Subaru Forester Engine Specifications

The base engine is a 2.5L four-cylinder engine which Subaru says can produce about 170 hp and 174 lbs. ft. of torque. Buyers have the option of either opting for the standard six-speed manual or the optional CVT transmission system. The engine is equipped under the skins of both the 2.5i and 2.5i Premium models.

2017 Subaru Forester engine

EPA projections put the fuel economy numbers for the CVT-equipped 2.5i model at 32/24/27 mpg on the highway/city/combined, and 29/22/25 mpg for the manual transmission system. Impressive ratings considering the models are also equipped with a standard AWD system.

For those looking for more trouble beneath their hoods, Subaru has offered them with the four-cylinder turbocharged 2.0L engine if you choose the 2.0XT model. With this you get 250 horsepower and 258 pounds-feet of torque. The engine is paired exclusively with a CVT. A time of 6.3 seconds is required to get the 2.0XT Touring past 60 mph. EPA ratings put its fuel economy at 28/23/25 mpg.

Interior Changes & 2017 Subaru Forester Exterior Colors

2017 Subaru Forester interior, dashboard, steering wheel

Standard accessories and features available on the base model includes adaptive cruise control, a 6.2” display, full power accessories, USB port, smartphone app integration, a rearview camera, Bluetooth phone and audio connectivity, 17-inch steel wheels, a 60/40-split folding rear seatbacks, Subaru’s StarLink technology interface, a height-adjustable driver seat, a six-speaker sound system, and HD radio.

2017 Subaru Forester interior, leather seats

Optional items available for the base model include reclining rear seatbacks, a rear privacy glass, satellite radio, dual USB ports, a rear armrest, roof rails, an eight-way power driver seat, a larger 7-inch touchscreen interface, a panoramic sunroof, heated side mirrors, an upgraded six-speaker sound system, and voice commands.

2017 Subaru Forester interior, steering wheel, suny roof

Stepping up to the 2.5i Limited gets you hill descent control, automatic headlights, a cargo area tray, an adjustable-height power liftgate, foglights, a leather upholstery, an upgraded instrument cluster, automatic dual-zone climate control, a rear roof spoiler, and an adjustable-height power liftgate.

2017 Subaru Forester side view, exterior, silver color, alloy wheels

The 2.5i Touring model gets an eight-speaker Harman Kardon sound system, xenon headlights, 18-inch alloy wheels, automatic tri-zone climate control, keyless entry and ignition, and rear folding seatbacks.

Opting for the 2.0XT Premium allows you to have a rear roof spoiler, 18” alloy wheels, a leather-wrapped steering wheel, the upgraded instrument cluster, a sport-tuned suspension system, and an upgraded instrument cluster.

2017 Subaru Forester front view, silver color, headlights and grille

At the top of the trim lineup is the 2.0XT Touring trim which only differs with the Premium version in terms of the exclusive options it gets.

Release Date & 2017 Subaru Forester Price

Latest news allege the new 2017 Subaru Forester is set for release in February 2017, at least for the Japan market and about a month later elsewhere. As for the price, it was established during the Tokyo Auto Show the Forester SUV will offer a window sticker displaying a base MSRP of $22,395.

Photos – Gallery

2017 Subaru Forester front view, red color, exterior, headlights and grille

2017 Subaru Forester rear view, exterior, taillights and tailpipe

2017 Subaru Forester front view, red color, headlights and grille

2017 Subaru Forester rear view, silver color, alloy wheels and taillights

2017 Subaru Forester front view, alloy wheel and headlights

2017 Subaru Forester rear angle, taillights and tailpipe

2017 Subaru Forester trunk

2017 Subaru Forester gear shift knob, steering wheel, lcd screen

2017 Mitsubishi Outlander Sport Release Date, Review and Specs

The 2017 Mitsubishi Outlander Sport spy photos have resurfaced only a year after it received substantial refreshments on its technologies and styling. When you look at the Outlander Sport and all that it offers, you might find yourself dumbfounded especially when you realize the kind of value you get with the price it comes with. If the previous model is anything to go by, it is highly unlikely that Mitsubishi will offer the new model any substantial makeover. Below, we’ve prepared a rendering that describes what you can expect from the new Outlander Sport SUV as we await its crucial details such as exterior and interior redesigns, and its release date.

2017 Mitsubishi Outlander Sport exterior, side view, alloy wheels

It is hard to say exactly the kind of changes the new model is poised to come with given the heavy camouflage claddings that cover most of the critical areas such as the front and rear profiles. But given the staggering rate at which vehicles have been improving, it is foolhardy to think the new model won’t to receive any. According to our rendering, the new model should get loads of revamped technologies and materials in addition to better driving dynamics and ride quality. With all these changes intact, the new model will be better placed to compete favorably with mainstream models.

2017 Mitsubishi Outlander Sport rear view, taillights and badges

Just like the previous model it is replacing, the newest Outlander Sport returns with exemplary safety features that include dual front seat-mounted side-impact airbags, driver’s knee airbag, and dual side-impact curtain airbags. Others include active stability and traction control, 4-wheel anti-lock brakes, a tire pressure monitoring system, electronic brake force distribution, hill start assist, adaptive cruise control, high-tech reinforced impact safety evolution, and anti-theft security alarm system.

2017 Mitsubishi Outlander Sport spy shots

Well, even with several refreshments, the 2016 Mitsubishi Outlander Sport wasn’t without faults. For one, the base engine lacked the punch that it rival offered. The handling and steering were lifeless. The cabin was noisy and lacked up-market refinement like some of its rivals. The passenger and cargo volume were modest, while advanced safety technologies were conspicuously missing in action. That said, we expect the newest 2017 model to address most, if not all, of the issues that marred the previous model’s reputation and consequently made its rating nosedive to a disappointing “D”.

2017 Mitsubishi Outlander Sport front angle, headlights and grille

In stark contrast to the Outlander Sport, the segment offers well-reputed vehicles such as the Honda CR-V and the Mazda CX-5. Others include the Jeep Renegade, Fiat 500X, Mazda CX-3, and the Honda HR-V. Let’s just hope Mitsubishi has gotten its senses right on the Mitsubishi Outlander Sport 2017. Meanwhile, buyers should just limit their options to the aforementioned rivals.

2017 Mitsubishi Outlander Sport Release Date & Price

2017 Mitsubishi Outlander Sport release date

It is too early to speculate about its release date and price at this juncture when even the prototype can hardly be sported. Rumors have however ruled out the possibility of a price increment. As such, the new model will go for sale for an MSRP starting from around $21,390. Its release date should be expected sometime in the latter half of 2017. Don’t be surprised to see it as a 2018 year model!

2017 Mitsubishi Outlander Sport Exterior Pics

2017 Mitsubishi Outlander Sport rear angle, taillights and tailpipe

As already mentioned before, details about the exterior redesigns are, as of this writing, nonexistent. But since Mitsubishi has previously indicated it has no plans of redesigning the Outlander Sport from ground up, we expect most design cues to carry over unchanged. That said, we should therefore expect windshield wiper de-icer and LED headlights, power-folding side mirrors, eighteen-inch alloy wheels, lower door sections, LED position lights, and halogen headlights,

2017 Mitsubishi Outlander Sport Interior Photos

2017 Mitsubishi Outlander Sport interior, gear shift knob and lcd screen

Relative to other compact crossovers within the segment, the Outlander Sport interior is outdated and bland. We however laud Mitsubishi for offering it a solid collection of convenience items at such a price, but that is the only positive complement we can offer. The surfaces are plastered with sub-par materials unlike its rivals that get attractive and better materials.

2017 Mitsubishi Outlander Sport interior, leather front seats

The passenger and cargo space is wanting. The backseat space is especially crowded and barely offers comfortable head- and legroom.

Available Trims

Four trims should be available for the 2017 Mitsubishi Outlander Sport i.e. SEL, GT, SE, and ES.

Engine Specs

2017 Mitsubishi Outlander Sport engine

Rumored to be available is a 2.0L four-cylinder rated at 148 horsepower, and a 2.4L four-cylinder good for 168 horsepower. With the base engine paired to a CVT, expect the Sport ES to check in at 27 mpg in combined city/highway cruising.

Safety

2017 Mitsubishi Outlander Sport safety

We’re hopeful the new model will get latest safety technologies, if it is to favorably compete with its well-rounded and unforgiving rivals. The existing model earned a four out of five star rating as per the feds rating for crash impact safety protection.

Photos gallery

2017 Mitsubishi Outlander Sport exterior, front view, headlights, grille and badges

2017 Mitsubishi Outlander Sport exterior, front vierw, grille

2017 Mitsubishi Outlander Sport auto show, blue color, side view, alloy wheels

2017 Mitsubishi Outlander Sport exterior, white color, front view, headlights

2017 Mitsubishi Outlander Sport side angle, white color, alloy wheels

2017 Mitsubishi Outlander Sport exterior, rear view, taillights and tailpipe

2017 Mitsubishi Outlander Sport trunk and cargo space

2017 Mitsubishi Outlander Sport interior, steering wheel and dashboard

2017 Mitsubishi Outlander Sport interior, leather back seats